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Industry
November 1, 2022
Reintroduction of Chinese eVisas Bode Macau Gambling Industry Recovery
According to an analysis by JPMorgan, positive EBITDA for Macau casino operators could be expected in December, following China’s National Immigration Administration (NIA) announcement that on November 1 it is going to introduce new electronic visas for mainland residents that want to visit Macau. Resumption of eVisas Will Probably Bring Casino Operators to Positive EBITDA […]
Industry
November 1, 2022
Philippines Now Done With Masks, Almost
The Philippines has dispensed with the mandatory requirement for face masks with an Executive Order signed by President Ferdinand Marcos Jr. This is part of the country’s plans to revitalize tourism and bolster the economy, which has taken a serious hit due to the pandemic. With visitor numbers falling, President Marcos Jr. wants to signal […]
Industry
November 1, 2022
No Irregularities around Suncity Were Found, DICJ Head Testified
Macau’s Court of First Instance dealing with the case against former Suncity boss Alvin Chau and 20 other defendants heard Monday that the city gaming regulator had found no irregularities during its past checks of the finances of the junket operator. Cross-Checking with Concessionaires Chau and the others were indicted with illegal gambling activities, running […]
Business
October 31, 2022
SJM Reports Drop in Net Gaming Revenue for Q3
Owner, operator, and developer of integrated entertainment reports and casinos in Macau SJM Holdings Ltd has published the financial results for the third quarter of 2022 along with a series of selected unaudited key performance indicators for the nine months that ended 30 September. The parent company of concession holder SJM Resorts has reported a […]
Industry
October 31, 2022
PAGCOR Continues to Defy Opposition and Posts Record Revenue
Amid calls to change the structure and reach of PAGCOR, the Philippines gaming regulator and gaming operator, the watchdog has been able to defy criticisms demonstrating, time and again, that it’s a force for good in the economy and that under its control, the gambling industry continues to be an important driver of revenue. While […]
Industry
October 31, 2022
China to Introduce eVisas on November 1
China is rolling in a new online visa application system, colloquially referred to as eVisa, that will be used to allow citizens from the mainland to travel to Macau beginning on November 1. The online visa system will replace the in-place application as China continues to digitalize its services, control the inflow and outflow of […]
Industry
October 31, 2022
China Puts MGM Cotai on COVID Lockdown as Rapid Testing Continues
A few days ahead of the reopening of borders between mainland China and Macau, MGM China’s Cotai casino in the Special Administrative Region was put down on shutdown on Sunday, after a dealer tested positive for COVID-19. China’s zero-Covid policy has been one of the strictest in dealing with the disease which first emerged in […]
Blockchain
October 28, 2022
Hong Kong Making a U-Turn on Retail Crypto Trading
Hong Kong may be moving away from China in terms of what the Special Administrative Region does with its cryptocurrency industry. A new report by Bloomberg suggests that the city is planning to go ahead with retail cryptocurrency trading. Digital asset trading took a hit last year amid strong opposition from cryptocurrency and blockchain industry […]
Business
October 27, 2022
Singapore Pools Ltd Receives 3-Year License Approval
Singapore Pools (Private) Ltd has received a three-year license from the Gambling Regulatory Authority in Singapore. The newly established gambling regulator has granted the company rights to operate gaming, lotteries, and betting contests over the specified period. Singapore Pools Is an Old-Timer in Singaporean Gambling The regulator confirmed on Wednesday that Singapore Pools Ltd has […]
Industry
October 27, 2022
Osaka Reveals New Department to Fight Gambling Addiction
Osaka is determined to secure the rights to host Japan’s first Integrated Resort project. To get there, it needs to demonstrate financial feasibility, long-term prospects, and a clear-cut regulatory framework that follows in the best principles outlined by the government. One such principle is commitment to tackling problem gambling. Osaka Serious About Tackling Gambling Addiction […]
