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Business
February 18, 2022
Sands China Unlikely to Pay Dividends Until 2024, Asserts Analyst
In February 2020, Sands China shareholders were given $0.127 per share they held in the form of a dividend. For that, the Las Vegas Sands-led company shelled out $1.03 billion. That was the last time dividends were paid and, according to Sanford C. Bernstein’s lead analyst for Asia, shareholders shouldn’t expect another one anytime soon. […]
Industry
February 17, 2022
Cambodia Shuts Another 15 Illegal Gambling Websites
Cambodia continues to double down on its efforts of keeping the online gambling industry clean. To this end, the country’s telecommunications regulator has been able to suspend access to 15 illegal online lottery websites. Cambodia stopped issuing new online gambling licenses on January 1, 2020, making it clear that interactive gambling would have no place […]
Industry
February 17, 2022
China Promises to Continue Crackdown on Chinese Gamblers
China continues to believe that oppression is the best form of government expression. According to China’s Ministry of Public Security, the authorities in China had achieved success in halting cross-border gambling activities in 2021 and will continue this policy this year. The country will do this by continuing its practice of blacklisting overseas institutions or […]
Legal
February 17, 2022
Hong Kong Influencer Faces Seven Years in Jail Over Illegal Gambling Promotion
The South China Morning Post reported that Hong Kong police have conducted an arrest of a 26-year-old social media influencer who is allegedly tied to illegal gambling. Authorities carried a raid and apprehended So Mei-yan, also known by other monikers as Cry So or So Miu-Miu. The arrest occurred earlier this week on Monday and […]
Casino
February 16, 2022
LVS and AAEC’s 20-Year-Old Dispute Might End in the Coming Weeks
Macau’s Court of First Instance has picked Las Vegas Sands (LVS) over Asian American Entertainment Corp (AAEC) in a massive $7.5 billion lawsuit that dates back 20 years and which was filed over an alleged contract breach. LVS claims that the contract between the two companies ended on January 15, 2002, and it concerns a […]
Business
February 16, 2022
Genting HK Continues to Seek Ways to Recover from Financial Disaster
Genting Hong Kong’s liquidators are investigating the possibility of potential buyers for many of the company’s assets. Although there was some discussion about re-financing assets in Asia, it seems that assets in Germany, including the huge Global Dream cruise ship, and those of Crystal Cruises, based in the US, may be sold to multiple buyers. […]
Legal
February 15, 2022
High Court Tosses Ban on Gambling in Karnataka, India
The Karnataka High Court has struck down key amendments in the Karnataka Police Act 1963. These amendments were introduced last year to ban any form of gambling in the state, online or otherwise, to reduce the threat of Internet gaming and other apps. However, local government officials were wrong when they made their attempts, as […]
Industry
February 14, 2022
Singapore Closer to Establishing Single Gambling Regulatory Authority
The Ministry of Home Affairs (MHA) in Singapore has doubled down on its plans to introduce a new gambling regulator in the country, with the arrival of the Gambling Regulatory Authority (GRA) expected to happen at some point in mid-2022. To this end, two new bills were introduced in parliament for reading today. The country […]
Casino
February 11, 2022
Philippines Casinos’ Player Exclusion Rate Went up 15% in 2021
Government-owned, gaming regulator Philippine Amusement and Gaming Corporation (PAGCOR) coordinated by the Office of the President has released the latest report on the number of gamblers that were excluded by casinos in 2021. While last year’s figures indicate a 15% rise in the number of players who opted for self-exclusion compared to 2020, the 2019 […]
Casino
February 11, 2022
QTech Expands Content Offer with Spribe’s Innovative Titles
Game distributor platform QTech Games has expanded its clout and diversity in the Asian region by adding products by Spribe, an up-and-coming supplier and developer of innovative iGaming experiences. Spribe has built a name for itself in the “crash” game genre, developing various original twists to the traditional iGaming experience. A Chance to Crash, a […]