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Gambling News - 'Asia'
Industry
August 29, 2022
Japan Casino Academy Shutters Amid Lack of Demand from Students
The flicking of cards and learning the basics of live casino etiquette will no longer be an option at the Japan Casino Academy, a professional school for croupiers which opened its doors in Japan in 2018 in anticipation of the arrival of Las Vegas-style casino resorts in the country. Student Enthusiasm Dries up Resulting in […]
Casino
August 26, 2022
Macau Unveils New Minimum Casino Revenue Threshold
Macau’s government has announced the new threshold for minimum revenue casino operators in the region must reach in 2023. The threshold is set to MOP$45.6 billion ($564 million) and it is similar to the 2022 levels. The chosen amount is considered fairly easy to reach and selected as a means of offering relief in the […]
Casino
August 26, 2022
Genting Malaysia Reports Improved Performance in Q22022
Genting Malaysia posted strong results during the second quarter of the year ended on June 30, 2022. The company reported $478 million (MYR2.18 billion) in revenue or a five-fold increase. The key driver of this revenue was the Malaysian Integrated Resort. Genting Malaysia Marks Strong Recovery in Q2022 Resorts World Genting managed to pull in […]
Industry
August 26, 2022
BETER Live to Power QTech with Live Casino
BETER Live, a live casino subsidiary of the leading betting products supplier BETER, will power Asia’s #1 distributor, QTech Games, with its live casino portfolio. The new content will help BETER reinforce its foothold in Asia, QTech’s primary market. QTech Boosts Its Offering with BETER’s Live Casino Content BETER is one of the fastest-growing companies […]
Casino
August 26, 2022
Macau Sees Improvement in July Casino Concessionaires GGR
Macau’s July results may be a signal that the Special Administrative Region is experiencing a much-anticipated recovery. The signs for cautious optimism are all there as the July 2022 figures saw a month-over-month improvement in terms of gambling revenue collected by the six concessionaires. Improvement in Revenue Boost Hopes of Recovery The properties collected a […]
Business
August 26, 2022
Paradise Entertainment Sees Casino Management System Revenue Decline
Paradise Entertainment continued to struggle during the second quarter of the year with Q2 2022 results once again suppressed by the lingering impact of the COVID-19 pandemic, subsequent shutdowns of properties, and reduction of operational capacity. The turbulent quarter in Macau, led to the group’s loss increasing to $12 million (HK97 million), up three times […]
Industry
August 24, 2022
Trial Against Junket Boss Alvin Chau Scheduled for September 2
The trial against Suncity Group founder and former CEO Alvin Chau has been scheduled for September 2, 2022. There are over 200 charges against Chau and 20 other defendants, which were involved in money laundering and fraud among other offenses. The trial, however, is very likely to be postponed as it is expected that some […]
Casino
August 24, 2022
MGM Expects Osaka IR to Contribute $775M to Taxes
MGM Resorts expects its Japanese integrated resort to contribute a stellar $775 million to local taxes. Ed Bowers, president of global development at MGM Resorts International, revealed more on the matter. MGM Plans to Build a Huge Integrated Resort in Osaka During the opening day of G2E Asia 2022, Bowers spoke about the company’s business […]
Industry
August 24, 2022
Indonesia to Continue Blocking Illegal Gambling Activities, Minister Says
Indonesia’s minister for communication and information technology, Johnny G Plate, has announced that authorities will do everything they can to block and remove online gambling sites. Plate stated that even though the ministry has the tools, it takes a lot of legwork to check whether these types of systems are legitimate. Over 500,000 Illegal Sites […]
Industry
August 24, 2022
Macau Sees Decline in Crime as Visitation Numbers Fall
Macau’s sweeping changes across the gambling industry have presented challenges for concessionaires in the Special Administrative Region (SAR) but they have also helped clear much of the petty crime and criminal incidents that took place at gambling properties across the city. According to a new report by Macau’s security secretary Wong Sio Chak, this is […]