Casino
February 16, 2022
LVS and AAEC’s 20-Year-Old Dispute Might End in the Coming Weeks
Macau’s Court of First Instance has picked Las Vegas Sands (LVS) over Asian American Entertainment Corp (AAEC) in a massive $7.5 billion lawsuit that dates back 20 years and which was filed over an alleged contract breach. LVS claims that the contract between the two companies ended on January 15, 2002, and it concerns a […]
Business
February 16, 2022
Genting HK Continues to Seek Ways to Recover from Financial Disaster
Genting Hong Kong’s liquidators are investigating the possibility of potential buyers for many of the company’s assets. Although there was some discussion about re-financing assets in Asia, it seems that assets in Germany, including the huge Global Dream cruise ship, and those of Crystal Cruises, based in the US, may be sold to multiple buyers. […]
Legal
February 15, 2022
High Court Tosses Ban on Gambling in Karnataka, India
The Karnataka High Court has struck down key amendments in the Karnataka Police Act 1963. These amendments were introduced last year to ban any form of gambling in the state, online or otherwise, to reduce the threat of Internet gaming and other apps. However, local government officials were wrong when they made their attempts, as […]
Industry
February 14, 2022
Singapore Closer to Establishing Single Gambling Regulatory Authority
The Ministry of Home Affairs (MHA) in Singapore has doubled down on its plans to introduce a new gambling regulator in the country, with the arrival of the Gambling Regulatory Authority (GRA) expected to happen at some point in mid-2022. To this end, two new bills were introduced in parliament for reading today. The country […]
Casino
February 11, 2022
Philippines Casinos’ Player Exclusion Rate Went up 15% in 2021
Government-owned, gaming regulator Philippine Amusement and Gaming Corporation (PAGCOR) coordinated by the Office of the President has released the latest report on the number of gamblers that were excluded by casinos in 2021. While last year’s figures indicate a 15% rise in the number of players who opted for self-exclusion compared to 2020, the 2019 […]
Casino
February 11, 2022
QTech Expands Content Offer with Spribe’s Innovative Titles
Game distributor platform QTech Games has expanded its clout and diversity in the Asian region by adding products by Spribe, an up-and-coming supplier and developer of innovative iGaming experiences. Spribe has built a name for itself in the “crash” game genre, developing various original twists to the traditional iGaming experience. A Chance to Crash, a […]
Casino
February 11, 2022
Nepal’s Government Revokes Licenses for Two Casinos in Debt
In an effort to intensify its efforts to persuade casinos to pay off their debts to the government, Nepal’s Ministry of Culture, Tourism, and Civil Aviation has revoked the operating licenses for Yak & Yeti Hotel and Dreamland Hotel. The two land casinos have failed to pay their royalties for the fiscal year 2020/21. Yak […]
Industry
February 11, 2022
Massive Hotel Growth Expected for Macau in the Coming Months
Macau is going through one of the biggest transformational periods it has seen since being transferred from Portugal to China. Casinos have ruled the city for the past five decades, but this is no longer going to be the case. While gambling will continue to be a major part of the economy, leaders in China […]
Industry
February 10, 2022
MGM China Eyeing Strong Recovery, Converting Junkets Part of Plan
Junket operators are a thing of the past in China and Macau. As MGM China would confirm, cutting the middleman out of business is not a bad thing. With junket operators out of the way, transitioning former junket customers now represents a unique opportunity for the growth of operators. MGM China Keen to Pursue Strong […]
Casino
February 10, 2022
NagaCorp Exec Says China, Junkets Not Important to Recovery
NagaCorp, a beleaguered operator which posted $147 million in losses for its 2021 financial results this Wednesday, and has faced widespread protests in Cambodia against its decision to lay off close to 600 workers, is optimistic about the future of gaming in Asia now that junket operators are going to play a less impactful role […]