Industry
December 29, 2022
37,000 Cases of Cross-Border Gambling Shut Down by China in 2022
Xinhua News Agency confirmed that authorities have been able to track down vast networks of illegal gambling organizations and intervene in cases that involved illegal gambling. A total of 2,600 online gambling platforms have been targeted and shut down while more than 1,100 casinos have been halted. China Posts Good Results Against Cross-Border Gambling Meanwhile, […]
Casino
December 29, 2022
Japan’s CRC to Receive Less than 3% Budget Increase in 2023
Japan’s Casino Regulatory Commission (CRC) may not receive the increase for the next financial year if the budget proposal put forward by the national government is approved in parliament next month. Planned Headcount Increase Unlikely The Japanese government agency operating as an external bureau of the Cabinet Office under the jurisdiction of the Prime Minister […]
Industry
December 22, 2022
Kindred Opens a Tech Office in Bengaluru
Kindred Group, a global holding encompassing a variety of gaming brands, has unveiled a new Tech hub in Bengaluru, the capital of India’s southern Karnataka state. The company hopes to quickly expand the hub, helping it bolster its tech pipeline. The New Hub Should Be Working at Full Capacity by the End of 2023 As […]
Industry
December 22, 2022
Morgan Stanley: Macau GGR to Surpass $22B in 2027
Macau’s gross gaming revenues have taken quite a hit. The COVID-19 pandemic and the sporadic resurgence of the virus have devastated the tourism sector in the special administrative region, by extension greatly impacting gambling. Analysts were somewhat hopeful about the industry’s recovery in the second half of 2022 but sadly, it continued to underperform despite […]
Casino
December 20, 2022
MGM Resorts to Invest $2B in Macau Following New Concession
International casino operator MGM Resorts has announced its plans to invest two extra billion in its Grand Paradise casino in Macau, China. Despite the recent setbacks experienced by the special administrative region’s gaming industry, MGM Resorts continues to firmly believe in the region’s potential. MGM Resorts Will Support Its Macau Subsidiary MGM Resorts’ Chinese subsidiary, […]
Industry
December 19, 2022
Macau Casino Concessionaires Sign Contracts for the Next 10 Years
On December 16, Representatives of Galaxy Entertainment Group Ltd., MGM China Holdings Ltd., Sands China Ltd., Wynn Macau Ltd., Melco Resorts & Entertainment Ltd., and SJM Holdings Ltd. and the Macau authorities attended an official ceremony where they signed their license contracts for the next 10-year period. The official event was followed by press conferences […]
Casino
December 16, 2022
Osaka IR Land Lease Could Run at $18M a Year
At the start of December, the proposal for an integrated resort (IR) project in Osaka gained more traction as Noboyuki Baba MP asked lawmakers to urgently give the project the green light by the end of 2022. At the start of December, the governor of Osaka prefecture explained that, currently, the proposal for the new […]
Industry
December 16, 2022
Khelraja Names Esha Gupta as Brand Ambassador
Khelraja, an Asian operator claiming to offer the most authentic Indian casino website, has boosted its marketing efforts with the addition of a major local celebrity as a brand ambassador. The one joining the Khelraja family is none other than Esha Gupta, a popular Bollywood actress who will help the brand popularize iGaming across Southeast […]
Business
December 15, 2022
Universal Entertainment Reports Major Loss Resulting from Okada Manila Takeover
Following a delay in the announcement of third quarter financial results due to the Okada Manila Casino Resort scandal, Universal Entertainment, the Japan-based parent company of the Philippine casino operator Tiger Resort, Leisure and Entertainment Inc (TRLEI), finally posted its results revealing the fulfillment of forecasts for big losses in connection with the scandal. Universal […]
Industry
December 14, 2022
Macau Concessionaires to Sign Ten-Year Extension on Friday
The Macau SAR government is preparing to sign the new 10-year gaming contracts extension with the city’s six incumbent concessionaires, Inside Asian Gaming reported. The signage is expected to take place on Friday, and it is the dawn of a new era for the regulated gambling sector in the Special Administrative Region. The next ten […]
