Legal
September 23, 2021
Philippines President Duterte Signs New Controversial Tax Law on POGOs
Philippines President Rodrigo Duterte has just officially signed a new controversial tax scheme into law and it concerns all Philippine offshore gaming operators (POGO). Today, Malacañang Palace announced that Duterte has enacted the Republic Act 11590 as a part of the efforts of the nation to boost its revenue, which the nation sees as one […]
Industry
September 23, 2021
Macau Gaming Investors, Operators Breathe Collective Sigh of Relief
COVID-19 was damaging to the global gaming community in more ways than one, but operators were somewhat given an opportunity to prepare. The roller coaster ride in performance was dragged out over more than a year, making it easier – but still unpleasant – for casino companies to adjust their activity. However, as bad as […]
Industry
September 22, 2021
Cambodian-Chinese Operation Ends with Gambling and Crypto Busts
Chinese authorities continue to work with their overseas counterpart in a bid to clamp down on illegal casinos that target nationals. A police raid in Cambodia’s capital last week ended up with a brief shootout and 200 people apprehended. Police Raid in Phnom Penh Results in 200 Arrests Illegal activities, including gambling, continue to thrive […]
Casino
September 20, 2021
James Patrick Bondoc Succeeds Late PAGCOR Board Member
PAGCOR appoints James Bondoc as a board member, as the organization presides over a strong growth of iGaming revenue in the Philippines. New Appointment at Helm of PAGCOR’s Social Responsibility Group The Philippine Amusement and Gaming Corporation (PAGCOR) has appointed James Patrick Bondoc to its board of directors. Bondoc previously served as the company’s Corporate […]
Industry
September 20, 2021
Player Deposits at Macau Casinos Likely Safe with New Rules
Macau’s gaming industry is going through a metamorphosis of sorts right now that has more than a few people uneasy. The city is implementing new laws that will impact casino operators and their properties and one of the recommendations, in particular, has caused a lot of anxiety. Concerns over funds held by Macau’s casinos have […]
Industry
September 15, 2021
Macau Gambling Stocks Deteriorate Following Newly Announced Restrictions
The top gaming stocks in Macau lost $18.4 billion in market value today, Wednesday, September 15, which is a record-breaking number. The loss in market value is a result of the new tight restrictions on gaming operators that officials have announced. One of the changes, if approved, includes the constant supervision of companies by representatives […]
Legal
September 15, 2021
Interpol Seizes $7.9M, Arrests 1,400 People for Illegal Gambling
Some 1,400 people were arrested and $7.9 million in cash was seized by Interpol in a global operation against illegal gambling. The operation was conducted during Euro 2020 across Europe and Asia. Overall, 28 countries participated in SOGA VIII, fighting against illegal gambling. Interpol Unveils Details Regarding SOGA VIII The International Criminal Police Organization (Interpol) […]
Industry
September 15, 2021
Macau Contemplating Putting a Stop to Casino Sub-concessions
When Macau first introduced legal casinos at the beginning of the century, three concessions were going to be allowed. Then, through some reshuffling and bureaucratic magic, three became six, with the latter three being authorized via sub-concessions. Now, as the city explores massive changes to its gaming laws, the idea of sub-concessions could go away […]
Industry
September 13, 2021
The Asian Casino Sector Gets Its Own Awards Program
The integrated resort (IR) casino sector is getting its own awards program. The IR Academy Awards are coming for the first time next month, hosted by the Academy of Integrated Resorts and Gaming Executives in Asia. The Academy was formed by Inside Asian Gaming (IAG) at the beginning of this year, and was created to […]
Casino
September 13, 2021
Macau Slot Machines to Get a Feature Not Every Gambler Will Like
Responsible gaming continues to be the leading topic in the gaming industry around the world. Land-based and online casinos are expected by regulators to be more proactive at protecting gamblers from themselves. Macau is making changes to its gaming industry, as well, introducing the new Electronic Gaming Machine Technical Standards version 2.0 that went live […]