Casino
February 15, 2023
Thai Actress Accuses Macau888 Gambling Boss of Domestic Abuse
In a video uploaded to Facebook, Arisara insisted that “Benz Daemon” as the man is known by his moniker, had been abusive to her during their relationship. Arisara said that she had suffered physical and mental abuse by Chaiwat on numerous occasions and had the evidence to back her claims up. The actress shared photos […]
Casino
February 10, 2023
Mohegan Plans to Introduce Non-Gaming Inspire Korea IR Offer in 2023
The Inspire Korea IR developed by Mohegan Gaming & Entertainment should be able to open ahead of its original schedule, and a non-gaming offering should already be available before the end of 2023, the company confirmed during its latest earnings call, summing up the results for the fourth quarter. Tourism Big Focus of Upcoming Project […]
Industry
February 10, 2023
A Surge in Macau Casino Stocks Shows Industry on Path to Recovery
South China Morning Post reported that this is evident in the recent stock market performance of casino operators such as Galaxy Entertainment, Sands China, and MGM China, which have seen significant growth in the past few weeks. In fact, a Bloomberg index that tracks the performance of six of the largest casino operators in Macau […]
Casino
February 7, 2023
Cambodia Asks Gambling Businesses to Pay Due Taxes
Both the GDT and MEF have warned non-complying businesses about inroads with the law and the potential legal course the government may follow should tax obligations are not fulfilled. Finance Minister Aun Pornmoniroth assured that there will be no fines or penalties on commercial gambling businesses that file tax returns and pay taxes voluntarily, and […]
Casino
February 7, 2023
Junket Operators Impacted by New 5% Commission Tax
Besides the standard 35% tax on gross gaming revenue, casino operators in Macau, under the new rules, are due to pay an additional 5% floor “rent” fee. In addition to the casino operators, the new rules affected the once-profitable junket operators as well. Per the new regulation, the junkets are due to pay a 5% […]
Industry
February 7, 2023
India Cracks Down on Gambling, Betting and Loan Services Apps
Presently, the government intends to block more than 200 apps, 138 of which offer betting and gambling products, with another 94 said to be offering loan services to consumers. None of those companies has the necessary license to do so, and many are not registered as companies, to begin with. India is effectively stepping up […]
Industry
February 3, 2023
PAGCOR Poised to Return to Pre-Pandemic Results, Says CEO
Commenting on the latest results, PAGCOR chairman and chief executive, Alejandro Tengco, suggested that the gambling industry in the country could see a return to its pre-pandemic levels before long, and possibly this or next year, although no specificity on the timeline was offered. The Worst Is Behind, Economic Boon Is Ahead Tengco spoke in […]
Casino
February 1, 2023
Macau Casino Revenue in January up 82.5%, Recovery on the Cards
Shares of Macau casino operators posted gains of between 3% and 5% after official data released by the Special Administrative Region (SAR) of China’s government revealed that gambling revenue in January nearly doubled. Substantial Revenue Increase Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an […]
Industry
January 30, 2023
Ex-Senate Head Proposes Privatizing PAGCOR
Franklin Drilon, the former Philippines Senate Minority leader, has urged the government to consider privatizing PAGCOR and the Philippine Charity Sweepstakes Office (PCSO) as a way to finance the proposed Maharlika Investment Fund. Privatization Is Meant to Support the Proposed Maharlika Investment Fund The sovereign fund, if established, would see the Philippine government invest in […]
Industry
January 27, 2023
John Foster Joins Enteractive as Head of B2B Sales
John Foster has been hired to fill the position. He will be reporting to the Chief Business Officer, Andrew Foster. John Foster Brings Over 20 years of Experience to Enteractive John Foster brings a plethora of sales expertise to his new position as head of B2B sales for Europe and Asia, boasting over two decades […]
