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Industry
January 2, 2023
Macau Sees GGR Plunge by 50% in 2022
The numbers reflect the continued pressure that uncertain regulation and reemerging COVID-19 outbreaks applied on the industry, nobbling concessionaires’ ability to run their business as usual and drive meaningful results from gaming operations. Macau Clocks Its Worst Year Since 2004 Gross gaming revenue was posted at MOP$42.2 billion for the full year, or roughly around […]
Industry
January 2, 2023
Macau Hopes to See Visitations Go Up to 40,000 a Day
The economy may be in the doldrums, but Macau has a plan – it involves dramatically increasing the number of tourists who come to visit the Special Administrative Region in 2023. This has been confirmed by Maria Helene de Senna Fernandes, the head of Macau’s Government Tourism Office. Tourism in Macau Braced to Pick Up […]
Industry
December 30, 2022
PAGCOR Warns Consumers Not to Participate in Illegal Gambling
The regulator, which also operates casinos in the Philippines, insisted that the measure was needed so that players would avoid becoming the victims of scams or falling prey to identity theft, or credit card fraud. PAGCOR Continues to Raise Awareness for Responsible Gambling PAGCOR reminded players that gambling on such websites was a criminal act […]
Industry
December 29, 2022
India Continues to Struggle with Problem Gaming
The Indian gaming industry grows by an estimated 30% a year. Yet, the country is rife with illegal gambling, ineffective regulations, and a growing number of people suffering from addiction. The government’s inability to reign in offenders and impose a measure of control over the regulated market is quickly becoming a serious societal issue that […]
Casino
December 29, 2022
Fire Seizes Border Casino in Cambodia, Leaves At Least 16 Dead
Local authorities rushed to the scene, attempting to put out the blaze at the Grand Diamond City Hotel and Casino in Poipet, with many people still reported missing. The fire broke out at 11:30 pm local time. According to CNN, at least 58 more people are unaccounted for, and the death toll may rise. Rescue […]
Industry
December 29, 2022
37,000 Cases of Cross-Border Gambling Shut Down by China in 2022
Xinhua News Agency confirmed that authorities have been able to track down vast networks of illegal gambling organizations and intervene in cases that involved illegal gambling. A total of 2,600 online gambling platforms have been targeted and shut down while more than 1,100 casinos have been halted. China Posts Good Results Against Cross-Border Gambling Meanwhile, […]
Casino
December 29, 2022
Japan’s CRC to Receive Less than 3% Budget Increase in 2023
Japan’s Casino Regulatory Commission (CRC) may not receive the increase for the next financial year if the budget proposal put forward by the national government is approved in parliament next month. Planned Headcount Increase Unlikely The Japanese government agency operating as an external bureau of the Cabinet Office under the jurisdiction of the Prime Minister […]
Industry
December 22, 2022
Kindred Opens a Tech Office in Bengaluru
Kindred Group, a global holding encompassing a variety of gaming brands, has unveiled a new Tech hub in Bengaluru, the capital of India’s southern Karnataka state. The company hopes to quickly expand the hub, helping it bolster its tech pipeline. The New Hub Should Be Working at Full Capacity by the End of 2023 As […]
Industry
December 22, 2022
Morgan Stanley: Macau GGR to Surpass $22B in 2027
Macau’s gross gaming revenues have taken quite a hit. The COVID-19 pandemic and the sporadic resurgence of the virus have devastated the tourism sector in the special administrative region, by extension greatly impacting gambling. Analysts were somewhat hopeful about the industry’s recovery in the second half of 2022 but sadly, it continued to underperform despite […]
Casino
December 20, 2022
MGM Resorts to Invest $2B in Macau Following New Concession
International casino operator MGM Resorts has announced its plans to invest two extra billion in its Grand Paradise casino in Macau, China. Despite the recent setbacks experienced by the special administrative region’s gaming industry, MGM Resorts continues to firmly believe in the region’s potential. MGM Resorts Will Support Its Macau Subsidiary MGM Resorts’ Chinese subsidiary, […]
