Industry
July 16, 2021
COVID-19 restrictions are set to be eased in the Philippines
After suffering massive profit losses due to COVID-19, Metro Manila in the Philippines finally has some good news. The capital is set to ease off some of its restrictions and the spokesperson for President Rodrigo Duterte, Harry Roque, states that the general community quarantine will be in effect only until July 31. Casinos are affected, […]
Sports
July 15, 2021
The Summer Olympics Are a Go and So Are the Wagers
After being delayed a year because of COVID-19, and amid calls that they be canceled completely, the Summer Olympics are about to begin. Friday, July 23, marks the official start date of the 2020 Summer Olympics, with over 306 events in the lineup. Those events are expected to result in something never before seen, as […]
Industry
July 15, 2021
Japan’s New Integrated Resort Framework Set to Take Effect on July 19
Japan has been able to make huge strides in getting its new integrated resort (IR) industry into shape. After dealing with a couple of setbacks, substantial progress is now being seen. According to GGRAsia, based on the latest updates, the country’s IR Implementation Act (IRIA) and regulatory guidelines for IRs have been given the go-ahead […]
Sports
July 13, 2021
Vietnam: Restrictive Betting Regulations Push Bettors Offshore
A local media report in Vietnam is blaming stringent regulations of legal sports betting in the country for the recent surge in illegal betting on soccer games seen in a period which featured both Copa America in Brazil and EURO 2020 championships. Restrictions Push Bettors to Illegal Market The report, published in VietnamNet, states that […]
Industry
July 13, 2021
Macau GGR Rebounds in July, Further Improvement Expected
A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]
Legal
July 13, 2021
Singapore Starts Consultation for Proposed Gambling Law Reform
Gambling laws in Singapore are about to get tougher, as Singapore’s Ministry of Home Affairs (MHA) has said it would seek public input to steer a more comprehensive regulatory framework on the country’s gambling industry. The ministry is responding to a now tangible overlap between online gambling and gaming, with the terms often used interchangeably by the […]
Industry
July 12, 2021
Imperial Pacific International Forced to Sell Assets to Pay Off Debt
Imperial Pacific International (IPI) comes closer to waving the white flag with each day that passes. The casino operator behind Saipan’s failed Imperial Palace experiment has been as clumsy as a bad episode of The Three Stooges, but without a successful ending. Now, it’s going to lose gaming equipment and vehicles because it hasn’t been […]
Industry
July 9, 2021
Duterte Changes Stance on Gambling Due to COVID-19 Impact on The Philippines
Once a fierce opponent of gambling activities, Philippine president Rodrigo Duterte has changed his position to urge wagering in order to attract funds after the devastating impact of the pandemic. Duterte Softens Tone on Gambling Philippine President Rodrigo Duterte has softened his tone with regards to gambling in the country due to the negative impact […]
Industry
July 9, 2021
Melco Rolls Out Share Purchase and Award Program for Eligible Employees
One of the largest integrated resorts developers and casino operators in the world, Melco Resorts and Entertainment, announced Thursday the launch of a new Share Purchase and Award Program for its workforce. Eligible Melco employees participating in the program have the unique benefit of purchasing company shares. Melco Unveils a New Share Purchase and Awards […]
Industry
July 9, 2021
Macau Still Trying to Find Solid Ground to Recover From COVID-19
Macau is having difficulty jumpstarting its economy after the dismal 2020 it was subjected to by COVID-19. There have been good times and bad times, but, overall, there were more bad times than good. According to the latest data from the city’s Financial Services Bureau (FSB), the first six months of the year have been […]