Industry
March 27, 2023
Calls to Shut Down POGOs Highlight Need for Stronger Gambling Regulation
ASGAM reported that the move is aimed at addressing concerns about tax avoidance and crime related to offshore gaming. Senator Gatchalian Calls for New Regulatory Body to Oversee Philippine Gambling Sector Senator Sherwin Gatchalian, who chairs the Philippines Senate’s Committee on Ways and Means, has called for the establishment of a new regulatory body to […]
Business
March 27, 2023
NagaCorp Returned to Profit in 2022 Helped by ASEAN Reopening
NagaCorp Ltd, a company incorporated in the Cayman Islands with limited liability and operator of NagaWorld integrated casino resort in Phnom Penh, Cambodia, published its full-year 2022 financial results, posting a net profit. Positive Financial Results For the twelve months ended December 31, 2022, NagaCorp generated revenue of $460.7 million, more than doubling its 2021 […]
Casino
March 23, 2023
Philippines Looks Harder at Suspicious Junket Transactions in New Report
The study’s broader scope is an attempt to better understand the money laundering and terrorist financing failings in the casino sector, and specifically the junket sector. The majority of those originate in casino junket operators, the AMLC argues, with the study flagging multiple transactions that should have been reported but hadn’t. Junket Operators Feed Operators […]
Casino
March 22, 2023
Razon’s Bloomberry Resorts Withdraws Investment in Uy’s PH Resorts
Bloomberry Resorts Corp., the operator of Solaire Resort & Casino in Manila, announced in a filing to the Securities and Exchange Commission (SEC) of the Philippines that its investment pre-agreement with PH Travel and Leisure Corp was terminated. Term Sheet Termination The filing with the SEC confirmed the news that the board of billionaire Enrique […]
Industry
March 22, 2023
PAGCOR Considers Privatizing Its Casinos
Alejandro Tengco, the chairman of the Philippine gambling regulator PAGCOR, has ambitious plans to privatize the PAGCOR casinos. If the authority proceeds with these plans, it will be able to dedicate all its efforts to regulatory affairs. Currently, the PAGCOR serves both as a regulator and operator. However, this dual purpose seems to be straining […]
Legal
March 14, 2023
Fake Thai Cop Scammed People for Gambling Money
The police in Thailand have arrested a man who not only pretended to be a cop but also scammed people across the central Thai countryside. Then, Thaiger reported, the fraud would gamble the dirty money away in casinos in Cambodia. The man presented himself as Pol. Col. Wuttisak Phittakchan-im, 58, claiming to be a police […]
Casino
March 13, 2023
Singapore Regulator Prohibits Cryptocurrency Usage in Physical Casino
The newly formed Gambling Regulatory Authority (GRA) has announced a complete ban on the use of cryptocurrencies in land-based casinos, reported Inside Asian Gaming. Regulator Aims to Prevent Cryptocurrency Usage in Singaporean Casinos Albert Yeo, GRA’s General Counsel, stated that casinos have no appetite for the volatile revenue stream associated with cryptocurrencies. The agency aims […]
Sports
March 8, 2023
LIV Golf Singapore to Be Presented by Resorts World Sentosa
LIV Golf Investments, a new company seeking to further unlock the hidden potential of golf worldwide, announced it has chosen Resorts World Sentosa (RWS) as its presenting partner and the official hotel of the upcoming LIV Golf Singapore. Partnering with LIV Golf Presented by Resorts World Sentosa, the LIV Golf Singapore at the end of […]
Casino
March 7, 2023
Okada Manila Kidnapping Results in Five People’s Arrest
The male victim of the abduction was released with the incident taking place at Okada Manila where he was being held hostage. The perpetrators were aged between 24 and 36 according to local media reports. Okada Manila Becomes Scene of Abduction Upon investigating, police found out that the abductors had forced the man into the […]
Industry
March 6, 2023
Macau Sees Dip in Gambling-Related Crime in 2022
In an address last week, Wong Sio Chak who serves as the SAR’s secretary of security, provided new numbers on crime in Macau and explained that the illegal activities specifically linked to gambling fell significantly in 2022. Gambling Crime Subsides in 2022 as Tourist Numbers Fall Overall, 371 cases were registered in 2022, down from […]
