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Industry
December 16, 2024
SMC Leases Land from PAGCOR, Vows to Build New HQ for the Regulator
The Philippine Amusement and Gaming Corporation (PAGCOR) unveiled a 25-year lease agreement with SMC Infrastructure, a division of San Miguel Corp. Under the deal, the Philippine regulator will lease the Nayong Pilipino Property in Pasay City to SMC. In turn, the latter company will build a new officer for the PAGCOR. PAGCOR to Lend 13 […]
Industry
December 12, 2024
Macau Gaming Tax Revenue Soars as Recovery Accelerates
Macau’s gaming sector remains in full swing as November’s government gaming tax revenue hit MOP$8.0 billion ($999 million), up 6.4% year-on-year and up 20.3% compared to October, according to the latest figures from the Macau Financial Services Bureau (DSF). These figures underline the region’s ongoing resurgence following pandemic-induced setbacks. Key Metrics Recorded Significant Increases Gross […]
Industry
December 11, 2024
Isle of Man Revokes Supplier’s License over Stolen Data Incident
The Isle of Man Gambling Supervision Commission announced that it has revoked the license of Metagrow Solutions over its director’s links with cybercrime. Originally suspended on November 12, the license was then officially canceled on December 6. Metagrow’s Director Was a Part of Dealings with Stolen Data Metagrow Solutions is an online gaming software company […]
Business
December 10, 2024
Philippine Gambling Sector on Track for $6B Revenue in 2024
The gambling sector in the Philippines is expected to continue growing, surpassing the reported gross gaming revenue (GGR) in 2023. That’s the opinion of the chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro Tengco, who recently spoke to reporters. GGR to Continue Growing, Plan to Ban POGOs Underway The target set by PAGCOR […]
Legal
December 9, 2024
Indonesia Arrests Man Suspected of Laundering Illegal Gambling Proceeds
A Chinese national believed to be a part of an illegal gambling syndicate has been arrested in Indonesia. The man, who’s been sought by the Chinese authorities for some time, is also believed to have laundered millions of dollars from the illegal operation. Criminal with Ties to Illegal Gambling Has Been Arrested Beijing had issued […]
Industry
December 6, 2024
Malaysia Targets Online Gambling in Proposed Cybercrime Law Amendments
Malaysia aims to toughen up its cybercrime laws by making big changes to the Communications and Multimedia Act 1998 (CMA). This move comes as the government tries to handle the rise in online crimes such as illegal betting, scams, and other damaging digital acts. Amendment Bill Introduced to Strengthen MCMC’s Authority Communications Minister Fahmi Fadzil […]
Legal
December 5, 2024
POGOs Skirt Crackdown with Dozens Still Up and Running
New media reports have surfaced that the POGO sector in the Philippines has not been completely shuttled following Executive Order 74, a Presidential decree that essentially criminalized the activity and outlawed it last month. POGOs Remain in Business but the Clock Is Ticking Fast forward to December, and some operators continue to operate. As many […]
Industry
December 2, 2024
Indonesia Pushes for Teen Rehabilitation from Online Gambling
The fight against illegal gambling is intensifying in countries across Asia. With many prohibiting land-based and online gambling activities, illegal offering is a constant threat that results in losses and even affects children. Only recently, thousands of bank accounts, suspected of links to iGaming activities were suspected in Indonesia. Now, the country’s Youth and Sports […]
Industry
December 2, 2024
Macau Anticipates Changes to Economy Under New Leadership Strategy
The gambling sector represents a major part of the tax revenue in Macau, China’s special administrative region where the activity is legal. With approximately 80% of the revenue coming from gambling activities, the region hinted at plans to shift its focus from gambling to tourism, entertainment, leisure and hospitality. The aforementioned plan was first announced […]
Industry
November 28, 2024
South Korea: Police Busts Illegal Gambling Ring, Arrests Hundreds
In a major operation against illegal gambling, police in South Korea detained operators, while also arresting close to 200 gamblers. Law Enforcement Investigates Illegal Gambling Ring The unlawful gambling operation reportedly was launched by a man in his 50s in July last year. Recognized as the mastermind behind the operation, the man engaged with an […]
