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Industry
November 23, 2022
Philippines Gambling Industry Set to Hit $10B by 2027
The Philippines casino industry is set to continue growing over the next several years, with gross gaming revenue set to reach $10 billion by 2027, GCG Gaming Advisory Services, a consultancy firm, outlined, cited by Asgam. Many Reasons for Optimism Moving Forward According to GCG, there is significant and consistent growth in the gambling industry […]
Casino
November 22, 2022
New Casino Expected to Open at Sri Lanka’s Lotus Tower
Sri Lanka’s Colombo Nelum Kuluna (also known as the Lotus Tower in Colombo) is in the top 20 of the tallest buildings in the world and is expected to garner a lot of investor interest to better develop the region. It has a total of 13 floors to offer shopping, restaurants, luxury hotel rooms, and […]
Industry
November 21, 2022
Macau 3Q22 Gaming Services Drop 73% vs 3Q21
Macau’s economic well-being has historically been somewhat tied to its tourism and hospitality industries. The recent Q3 financials for the region reflect that perfectly. Q3 Results Affected by Recent Lockdown Macau’s gaming services exports dropped by 72.5% in the third quarter of 2022, compared to the same period last year. This fed an overall 46.7% […]
Industry
November 18, 2022
Hong Kong Authorities Reveal Inmates’ Tactics to Conceal Gambling
A crackdown on gambling in Hong Kong jails uncovered a variety of methods and tools inmates used to bet ahead of the FIFA 2022 World Cup kick-off this weekend, reported South China Morning Post. Betting Slip inside Toilet Paper Roll Upon completion of the operation, the Correctional Services Department displayed some of the methods and […]
Casino
November 17, 2022
Alvin Chau Challenges Evidence Presented by Macau Judiciary Police
The case against Suncity Group former CEO Alvin Chau and 20 other defendants draws to a close as all testimonies from witnesses have already been heard and the final arguments are scheduled for November 21. Alvin Chau Challenges Evidence Presented by the Defense Ex-CEO of Suncity Group Alvin Chau and his lawyer have been challenging […]
Casino
November 17, 2022
Thailand May Need to Wait on Casino Resorts Until 2023
Thailand may put talks about the introduction of casino resorts on the back burner until after the country’s general election in 2023, Inside Asia Gaming reported. The publication, which is an authoritative specialized media covering the Asian gaming market, cited Spectrum Asia CEO Paul Bromberg who was attending the 2022 MGS Summit on Wednesday and […]
Industry
November 16, 2022
Suppliers to Ask DICJ for New EGM Standards Deadline Extension
EGM Technical Standards 2.0 may not arrive in Macau as initially planned as some of the major operators are planning to request Macau’s Gaming Inspection and Coordination Bureau (DICJ) to consider a two-year deadline extension, reported Inside Asia Gaming. Industry May Ask for an Extension EGM Standards 2.0 which was published in early 2021 is […]
Industry
November 15, 2022
Further Adjustments Are Made to Macau Junket Law Before Approval in December
The Second Standing Committee of the Macau Legislative Assembly is going to review the Legal Framework for Operating Games of Chance in Casinos, which has been duped by the new junket law of Macau, on November 21. New Article Addition to Clarify What Junket Activities at Macau Casinos Entail At their next meeting taking place […]
Industry
November 15, 2022
Philippines Casino Results Continue to Improve in Q3 2023
The Philippine casino sector is posting yet another strong month of growth amid calls to privatize the sector and make sure that PAGCOR’s say in gambling matters diminishes. Well, the Philippine Amusement and Gaming Corp, posted fresh results that defy such detractors and suggestions as the revenue in the third quarter was up 7.6% on […]
Casino
November 15, 2022
South Korea Awaits Extradition of Suspect Linked to $13.4B Landing Casino Theft
South Korean authorities have been able to relaunch the investigation into the theft of $13.4 million (KRW 14.6 billion) worth of cash from Jeju’s Landing Casino following the arrest of one of the suspects in Dubai. This is the latest win for South Korea’s prosecutor’s office and law enforcement which cast a wide net to […]
