Industry
May 2, 2022
PAGCOR Q1 2022 Gaming Operations Income Down 66%
Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
Industry
May 2, 2022
Gross Gaming Revenue in Macau Hits Rock Bottom in April
April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
Casino
May 2, 2022
Las Vegas Sands Wins First Battle Against Ex-Macau Partner AAEC
Originally initiated in 2007 in Nevada and later on dismissed in 2010 on grounds of the plaintiff failing to prosecute the case, the long legal battle between American gaming company Las Vegas Sands Corp (LVS) and former Macau partner Asian American Entertainment Corp Ltd (AAEC) has finally reached a conclusion. According to the Macau Court […]
Casino
May 2, 2022
Donaco International Ltd Set to Reopen Star Vegas in Cambodia
Donaco International Ltd has announced that it will continue its operations at Star Vegas as it awaits final approval from the government of Cambodia. Star Vegas is located in the vicinity of the border with Thailand, in a city called Poipet. Star Vegas Closed Its Doors in April 2021 After reporting losses of AU$530,000 ($373,000) […]
Casino
May 2, 2022
Indian Man Ends Life over $46,000 Gambling Debt
A 39-year-old man in Chennai, India has ended his life over a gambling addiction that has grown so severe that it forced him to desperate lengths. P Prabhu of Vigneshwara Nagar amassed a crushing debt to the tune of INR3.5 million ($45,788) which left the man, who used to work at MNC and was earning […]
Sports
May 2, 2022
Thai Party Wants to See Gambling Legalized in the Country
Thailand wants to see its gambling industry expanded or, at least, this is what the Kla Party wants to achieve over the coming months. According to the party, there is a good reason to want and legalize gambling in the country. First and foremost, it would prove a vital lifeline for the economy and will […]
Casino
April 29, 2022
Yakuza Members Arrested for Shaking Illegal Casino in Tokyo
The organized crime control division within the Metropolitan Police Department in the Japanese capital announced it had arrested four gang members for racketeering an illegal casino in Tokyo. Suspicion of Profiting from Illegal Gambling The four men among which a former YouTuber were arrested for collecting money for protection from an illegal gambling den which […]
Casino
April 29, 2022
Junkets Debacle Pose no Threat to Sands China
The fall-from-grace by Macau junket operators has exposed certain operators to subsequent risks of being caught in the cross-fire between wronged VIP players and junkets that have disappeared from the market, unable to repay customers. This has posed a serious threat to the order of things in Macau with concessionaires fearing retribution. Some, such as […]
Casino
April 28, 2022
Macau’s Junket Employees Struggling to Find Employment
The re-regulation of Macau’s junket sector and a crackdown on shady operators were bound to come with implications for the employment of regular folk in the sector. This is the conclusion of a new report that examined how the recent upheavals in the sector have impacted the livelihoods of people employed in the junket industry. […]
Casino
April 28, 2022
PAGCOR Predicts Doubling of Revenue as POGO Licenses Fall
The COVID-19 pandemic has had an impact on the Philippines and its vibrant offshore gaming industry. A total of 22 Philippine Offshore Gaming Operators (POGOs) were shut down last week with the assistance of PAGCOR, the country’s gaming regulator, with the watchdog citing the global health crisis as the reason behind its decision. This was […]
