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Industry
April 18, 2022
Nagasaki’s Sasebo Council Approves the Final Draft of the City’s IR
Nagasaki’s Sasebo Council has given the final draft of the IR development plan the green light and now, the regional development plan will be submitted to the national government. A vast majority of the council voted in favor of the IR development plan as only one member voted against it. The Total Investment Will Be […]
Casino
April 15, 2022
Thai Committee to Soon Submit Research Results about Building a Casino Resort
Thailand may soon get its first casino resort, depending on the results of ongoing research. A 60-member extraordinary committee will decide whether such a venue will be feasible and profitable or not by the end of May. The Committee Will Submit Its Research in May The committee, led by Deputy Transport Minister Atirat Ratanasate, is […]
Industry
April 14, 2022
Macau Outlines New Penalties for Offending Junkets
Macau is not going to back down from regulating junket operators. Companies who engage in such activities would be held liable for various offenses to be inscribed in a new law and participants in junket operations would have to be on the straight and narrow to avoid what is possibly jail sentences. One of the […]
Casino
April 14, 2022
IMF Cautions Macau about Long-Term Growth as Gaming Faces Regulation
Macau has been shifting away from what is discovered to be an overreliance on its gaming industry. The realization was reinforced during the pandemic with casino properties and parlors remaining idle and officials rolling up their sleeves to tidy up the industry from its often unhealthy relationship with junket operators. IMF Sees Macau as Too […]
Industry
April 13, 2022
2022 G2E Asia Moved to Singapore amid China’s COVID-19 Outbreak
Global Gaming Expo Asia’s organizers have decided to move the hosting location for its 2022 event. Instead of it taking place in Macau, the new host will be Singapore. Previously, G2E Asia has been postponed a few times to China’s zero COVID policy, which makes it impossible for foreigners to enter the special administrative region. […]
Casino
April 13, 2022
Alleged Broken Tooth Leader Surrenders in Malaysia, Goes Free on Bail
The Broken Tooth Triad was until recently one of the most feared organizations in Asia and one of its alleged leaders, Nicky Liow Soon Hee, is a man you would not want to cross. He went into hiding a year ago but has now surprisingly resurfaced in Malaysia and turned himself to local authorities. Liow’s […]
Casino
April 12, 2022
PAGCOR Contributes $155M to Philippines Government in 2021
The Philippines has stuck by its gambling industry and it has all paid off. PAGCOR, the country’s gaming regulator, has contributed an estimated $115 million in cash dividends to the National Treasury in 2021, making it one of the biggest taxpayers. President Rodrigo Duterte, a hardliner against all vice, has shown surprising leniency in championing […]
Legal
April 8, 2022
Singapore Man Tries to Illegally Pay a Gambling Debt, Gets Caught by Police
Many gambling proponents, both individuals, and companies consider gambling to be a fun activity if done responsibly, but that wasn’t the case for the 20-year-old Terry Tong Hong Zhi from Singapore, who lost S$40,000 ($30,000) worth of loans while gambling online and was caught by the police while trying to obtain the money back in […]
Casino
April 4, 2022
Nepal Authorities Revoked Three Casino Licenses
Three casinos in Nepal were stripped of their operating licenses for failing to meet their duties to the state, reported The Himalayan Times. The three incumbents are due NRP905.5 million ($7.51million). Ultimatum Deadline Day Passed The Department of Tourism (DoT) of the Himalayan country revoked the licenses of Rock International, Happy Hour Kathmandu and Oriental […]
Industry
April 4, 2022
NagaCorp Reports Strong 1Q2022, Preliminary Results Say
NagaCorp, the company that operates NagaWorld located in Phnom Penh, Cambodia, announced its unaudited financial results covering the period that ended March 31, 2022. NagaCorp on Its Way to Financial Rebound Last year, the company has seen difficulties mainly because of COVID-related closures. Due to the COVID-19 pandemic, NagaCorp had to temporarily suspend its operations […]
