AGBrief
Global tourism down 70% in 2020: WTO
International tourists arrivals plunged by an annualised 70 percent during the first eight months of 2020 because of the coronavirus pandemic, the World Tourism Organization (WTO) has reported.
NagaCorp Tim McNally unfazed by pandemic, blacklist [Podcast]
Tim McNally checks in with Asia Gaming Brief Asia editor Felix Ng to discuss the moves that NagaCorp has been making to offset the decline in international visitation this year. McNally also comments on NagaCorp’s initial thoughts on the China Tourism Blacklist, which we have discussed extensively over the past few weeks.
China signals online gambling crackdown via digital currency policies
The Chinese government is signaling its intention to use its digital currency policies as a tool to crack down on illegal online gambling.
China Drafts...
Universal Entertainment announces results of notes offering
Universal Entertainment has announced the results of its notes offering in respect to US$600 million in notes placed outside of Japan in December 2018.
The...
AGTech announces end to two virtual sports lottery games
AGTech Holdings has announced that two of its virtual sports lottery games have been terminated, a football-themed virtual sports lottery game e-Ball Lottery in Jiangsu Province and a motor racing-themed virtual sports lottery game “Lucky Racing” in Hunan Province
Local government revenues take pounding from Kangwon Land woes
The revenues of local governments in South Korea are being heavily impacted by the long-term suspension of operations at Kangwon Land, triggered by the Covid-19 pandemic, as well as a running dispute over the calculation of how much money the resort is obligated to pay to the abandoned mine fund.
Grand World Phu Quoc offers preview to 700 potential investors
About 700 potential investors were invited to Grand World Phu Quoc to get a preview of its entertainment offerings in advance of the facility’s grand opening, expected to create Vietnam’s “first sleepless city.”
Revealed that IPI filed no approved resort construction plan
In the latest twist in the Imperial Pacific International saga, it has been revealed that the local authorities allowed construction of the Saipan casino resort without providing approved construction plans.
Yokohama Chamber of Commerce reiterates its IR advocacy
The Yokohama Chamber of Commerce & Industry has reiterated its strong support for IR development in the city, even as Mayor Fumiko Hayashi stated that she would respect the results of a popular referendum that went against the initiative.
Hyderabad police accuse Chinese online gambling firms of hardball tactics
The Hyderabad police report that Chinese companies engaged in illegal online betting have been diverting money to app-based financing firms which aggressively pursue defaulters.
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Asia turns up heat on online gambling
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
Puducherry government urges blanket ban on online gambling
The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
Australia turns up the heat on gambling companies
Australia is again turning up the heat on gambling companies, this time with a bill that will make them responsible to compensate victims of players who used funds obtained illegally.
Macau inward investment jumped 168% in 2019
Information from the Statistics and Census Service shows that inward direct investment flows into Macao jumped by 167.8 percent year-on-year to MOP 53.99 billion ($6.7 billion) in 2019. Analysed by industry, inflows of direct investment in the Gaming sector and Financial Activities totalled MOP 43.31 billion and MOP 8.52 billion respectively.
Sikkim/Goa casinos to open from Nov. 1
Delta Corp shares surged after it said its casino in Sikkim would reopen from Nov. 1, whilst casinos in Goa are also expected to reopen from the same date.