Casino
April 4, 2023
South Korea’s Foreigner-Only Casinos Record Impressive Profits
Surging economic growth appears to be the theme across many popular Asian gambling destinations, as Macau also recorded a sharp rise in revenue. Its slow recovery after the COVID pandemic allowed other gambling hubs like Korea to flourish, challenging the Chinese territory’s previously undisputed regional monopoly. The Region Suffered Tremendously during the Pandemic Korea and […]
Industry
April 4, 2023
Macau Posts Strong Revenue in March, Surpasses Expectations
After the impact of the pandemic, the gambling sector in Macau started to slowly emerge. The lifting of restrictions combined with the reopening of venues helped the industry begin its recovery. Now, a few years after the pandemic, Macau’s gaming revenues continue to rise and in fact, marked a significant year-over-year increase this March. In […]
Casino
April 4, 2023
Former CRA Employee Sentenced to Prison for Printer Cartridge Scam
Singapore media outlet The Straits Times reported that a former senior executive of a government agency has been sentenced to over two years in prison for misappropriating more than 750 printer cartridges worth over SGD93,000 ($70,118) and selling them online. Ex-CRA Officer Sold Misappropriated Printer Cartridges on Carousell Zulkiflie Yacob, 45, had deliberately over-ordered cartridges […]
Industry
March 30, 2023
ParlayBay Integrates Games into M88, Expands in Asia
ParlayBay, a startup provider of online sports betting experiences, has penned a new content agreement with M88 Mansion, a leading Asian iGaming and sports betting platform. Under the new deal, ParlayBay will provide its new partner with sports betting content. The agreement will greatly expand the supplier’s footprint in Asia, allowing its products to reach […]
Industry
March 27, 2023
Calls to Shut Down POGOs Highlight Need for Stronger Gambling Regulation
ASGAM reported that the move is aimed at addressing concerns about tax avoidance and crime related to offshore gaming. Senator Gatchalian Calls for New Regulatory Body to Oversee Philippine Gambling Sector Senator Sherwin Gatchalian, who chairs the Philippines Senate’s Committee on Ways and Means, has called for the establishment of a new regulatory body to […]
Business
March 27, 2023
NagaCorp Returned to Profit in 2022 Helped by ASEAN Reopening
NagaCorp Ltd, a company incorporated in the Cayman Islands with limited liability and operator of NagaWorld integrated casino resort in Phnom Penh, Cambodia, published its full-year 2022 financial results, posting a net profit. Positive Financial Results For the twelve months ended December 31, 2022, NagaCorp generated revenue of $460.7 million, more than doubling its 2021 […]
Casino
March 23, 2023
Philippines Looks Harder at Suspicious Junket Transactions in New Report
The study’s broader scope is an attempt to better understand the money laundering and terrorist financing failings in the casino sector, and specifically the junket sector. The majority of those originate in casino junket operators, the AMLC argues, with the study flagging multiple transactions that should have been reported but hadn’t. Junket Operators Feed Operators […]
Casino
March 22, 2023
Razon’s Bloomberry Resorts Withdraws Investment in Uy’s PH Resorts
Bloomberry Resorts Corp., the operator of Solaire Resort & Casino in Manila, announced in a filing to the Securities and Exchange Commission (SEC) of the Philippines that its investment pre-agreement with PH Travel and Leisure Corp was terminated. Term Sheet Termination The filing with the SEC confirmed the news that the board of billionaire Enrique […]
Industry
March 22, 2023
PAGCOR Considers Privatizing Its Casinos
Alejandro Tengco, the chairman of the Philippine gambling regulator PAGCOR, has ambitious plans to privatize the PAGCOR casinos. If the authority proceeds with these plans, it will be able to dedicate all its efforts to regulatory affairs. Currently, the PAGCOR serves both as a regulator and operator. However, this dual purpose seems to be straining […]
Legal
March 14, 2023
Fake Thai Cop Scammed People for Gambling Money
The police in Thailand have arrested a man who not only pretended to be a cop but also scammed people across the central Thai countryside. Then, Thaiger reported, the fraud would gamble the dirty money away in casinos in Cambodia. The man presented himself as Pol. Col. Wuttisak Phittakchan-im, 58, claiming to be a police […]
