Saturday, December 5, 2020
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South Korean tax authorities launch audit on Paradise Co.

Paradise Co., the nation’s largest private casino industry firm, is facing a deep audit of its finances from the South Korean tax authorities, right at a time it is dealing with cash flow challenges.

Jeju Dream Tower receives clearance to open

Jeju Dream Tower has now received all the necessary permissions to open to the public, according to Lotte Tour Development, and will do so before the end of the year, though the precise date is pending.

Jeju authorities boost capability to monitor casino gaming equipment

Responding to accusations that its practical regulation has been lax, the authorities of Jeju local government are hiring additional experts to allow it to take a more direct hand in monitoring the gaming equipment of the eight local casinos.

Grand Korea Leisure reports casino sales down nearly 70% in October

Grand Korea Leisure has reported that its casino sales were down nearly 70 percent in October compared with the same month in 2019, though there has been some improvement on a month-to-month basis.

Jeju Dream Tower ready to open when fire safety permit is issued

Executives of Lotte Tour Development have told the local press that they are ready to move forward with the opening of Jeju Dream Tower soon after they receive their permit from fire safety officials, which could come at any time.

Paradise Co. October casino sales down 72.2%

Casino revenue at Paradise Co., an operator Came to KRW22.36 billion (US$19.7 million) in October, down 72.2 percent on a year-on-year basis.

Date for Jeju Dream Tower full opening remains unclear

Jeju Dream Tower missed its October target for opening and the date that it will open remains unclear, in part because the facility has yet to be certified as safe by the fire department.

GKL prepares for South Korea’s Digital New Deal

Grand Korea Leisure (GKL) has prepared new mid- to long-term management goals to respond to the Covid-19 crisis and to keep pace with the government's Digital New Deal policies.

South Korea economy returns to growth in Q3

South Korea's economy returned to growth in the third quarter, expanding by 1.9 percent, in the fastest expansion since the first quarter of 2010, according to figures released by the Bank of Korea.

GKL operating losses to continue through end of year: Analyst

Kim Hyun-yong, a researcher at Hyundai Motor Securities, explained to the local media that there was little chance for Grand Korea Leisure, which depends on foreign patrons for its casinos, could reach the break-even point this year, and that operating losses will continue.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

ASEAN Gaming Summit postponed to 2021 Q2

Given the continued uncertainty and travel restrictions due to the COVID-19 pandemic, Asia Gaming Brief has decided to postpone this year’s ASEAN Gaming Summit...

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia's online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
Winning The Future Chinese Tourist

Winning the Chinese Tourist & China Tourism Blacklist

The AGB Webinar hears from Professor Wolfgang Arlt of COTRI, Shirley Tam of Okada Manila and Desmond Lam of UMAC to discuss future expectations...
Sigma Malta Show

SIGMA Malta

Sigma Malta Show

SIGMA Manila

Regulating the Game 2021

news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.