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Industry
October 31, 2023
Philippine Senate Reiterates Need for Offshore Operators Ban
As a result of a recent raid on a Pasay City building located along Williams Street conducted by a task force under the leadership of the Presidential Anti-Organised Crime Commission (PAOCC) together with the Department of Justice, law enforcement officers in the Philippines have set free 731 workers. Most of them were Chinese, along with […]
Sports
October 27, 2023
Fun88 Names Tony Parker Brand Ambassador for Asia
The fast-growing Asian sports betting operator and powerhouse, Fun88, expanded its roster of brand ambassadors by joining forces with Tony Parker, the famous Hall of Famer and recognizable NBA superstar. The latest partnership, announced Friday, sees the basketball pro become an official brand ambassador for Fun88 in Asia. Under the terms of the fresh collaboration, […]
Industry
October 27, 2023
Gambling Tax Increase in India May Shake the Sector
Earlier this year, lawmakers in India pushed forward a significant change in the taxation for online gambling. At the time, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST), the Goods and Service Tax Council, greenlighted a proposal for the introduction of a 28% tax applicable for […]
Industry
October 25, 2023
Philippine Government Issues Memorandum Circular in Hopes of Exiting the FATF Grey List
Bullish on exiting the Financial Action Task Force (FATF) grey list, the Philippine government ordered 44 government agencies to update their policies. As a result, a number of authorities, including the PAGCOR, will be required to review their anti-money laundering (AML) and counter-terrorism financing (CTF) protocols. Under a Memorandum Circular No. 37, issued by the […]
Legal
October 23, 2023
Macau Court Confirms Ex-Junket King Chau Prison Sentence
In January, the 49-year-old founder and chief executive officer of casino junket Suncity Group Ltd., Alvin Chau, was indicted for fraud, criminal association, money laundering, and illegal gaming. Some 20 other people were indicted for the same crimes. While the former CEO was not convicted of money laundering at the Court of First Instance, he […]
Business
October 19, 2023
Las Vegas Sands Enjoys Strong Q3, Posts $2.8bn in Net Revenue
The leading developer and operator of integrated resorts, Las Vegas Sands (LVS), released its latest financial results, outlining strong performance for the company for the three months ended September 30, 2023. The latest unaudited financial results emerged Wednesday and see the gaming and entertainment operator post $2.8 billion in net revenue for the third quarter […]
Business
October 13, 2023
Asia Leads Online High-Stakes Market According to SOFTSWISS
According to data from premium iGaming technology provider, SOFTSWISS, alongside information resulting from its Casino Platform data analysis, the Asian continent is currently in the lead in terms of VIP gambling. At the same time, Europe continues to be the highest-ranking continent when it comes to financial performance and the generation of revenue. Let’s take […]
Industry
October 13, 2023
Singapore: Proxy Betting Agent Sentenced to Jail, Hit with Fine
Singapore currently has tough rules with it comes to illegal gambling, organizing third-party or proxy betting or other gambling-related activities outside the established regulations. People who organize, facilitate or benefit from proxy betting can be charged and sentenced to pay a fine between $20,000 and $200,000. However, organizing or benefiting from proxy betting is an […]
Industry
October 11, 2023
China to Help the Philippines Crack Down on Illegal Offshore Gambling
China has confirmed its readiness to help the Philippines solve its illegal offshore gambling problem. This was announced by the former country’s embassy in Manila earlier today. For reference, the Philippines continues to be targeted by illegal gambling operations operated by Chinese nationals, among others. Having cemented itself as a leading destination for gambling tourism, […]
Lottery
October 10, 2023
Taiwan Sports Lottery Names Sportradar Solutions Provider
The leading sports technology company, offering innovative services, solutions and content to lotteries and betting operators across the globe, Sportradar, announced a new strategic collaboration in Taiwan on Tuesday. The company said Taiwan Sports Lottery selected it as its official technology and services solutions provider. The new collaboration follows a competitive international tender process. The […]
