Thursday, October 29, 2020
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Sharon Singleton

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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.
Palazzo Las Vegas

Is LVS on an Asia acquisition trail?

Las Vegas Sands lobbed an “October surprise” into the world of the gaming industry, confirming it’s seeking buyers for its Nevada casinos, effectively leaving it as an Asia-only operator, with properties in Macau and Singapore.

PAGCOR mulls online gambling for casinos

The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos accept bets online as operators and the government seek ways to mitigate losses due to Covid-19.
Bonus abuse seen as booming business

Bonus abuse seen as booming business

The number of “players” attempting to fraudulently take advantage of sign on bonuses and other incentives in igaming has risen almost 500 percent over the past three years and is expected to continue to be a major problem. 
Angel Sueiro

Interview with Angel Sueiro: Clark concepts and Philippine prospects

Angel Sueiro, chief operating officer of PH Resorts, talks with Asia Gaming Brief managing editor Sharon Singleton about the concept for the company’s next property in the highly competitive Clark Freeport Zone and opportunities post-Covid 19 in the Philippines. The mass market is paying the bills, but international visitors are needed to put the cream on top.
Manila offices

Evidence mounts of POGO shrinkage

With much of the noise this week coming from the shenanigans downunder at the Crown Resorts inquiry, it would have been easy to miss more signs of trouble for Philippines Offshore Gaming Operators (POGOs.)

Belle Corp. 9-month profit plunges 96%

Belle Corp., which owns half of City of Dreams Manila, said its income in the January-to-September period plunged by 96 percent to P93 million from last year’s P2.56 billion, as the pandemic shuttered its facilities and halted tourist arrivals.
Marina Bay Sands

LVS provides Singapore surprise

Las Vegas Sands’ latest earnings report provided a welcome respite from negative news, beating expectations and with a positive outlook, but perhaps the real surprise was the outperformance coming from Singapore.
Sihanoukville

Sihanoukville strives for mass market transformation

While it’s too early to say Cambodia’s coastal gambling hub has risen phoenix-like from the ashes, there are encouraging signs that Sihanoukville is serious about transforming into a mass market tourism destination, with a significant improvement in urban infrastructure.
gambling chips

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.

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Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
gambling chips

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

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 November 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.