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Business
October 18, 2021
Okada Manila Ready to Land on NASDAQ
Okada Manila is ready to be seen on NASDAQ. The company is launching on the exchange through a convoluted merger with a special purpose acquisition company (SPAC), 26 Capital Acquisition Corp., and, provided everything goes according to plan, the new company will have a total equity value of $2.5 billion. Okada Manila Hits NASDAQ According […]
Casino
October 15, 2021
Macau’s Casinos Mandate Vaccination, Authorities Ready to Ease Up Restrictions
The coronavirus continues to hold the world of entertainment in its chokehold, with Macau casinos trying as best as they can to deal with surging numbers or, at least, ensure that they do not become areas of transmission of the disease. To this end, Macau’s casinos have made it mandatory for all staff members to […]
Industry
October 14, 2021
Singapore Slows Plans to Integrate Gaming Regulations Due to COVID-19
Singapore has been working on plans to bring together its different regulatory gaming frameworks under one roof, but the task is proving to be more challenging than expected. Currently, casino operators follow one regulator, while remote gaming operators are directed by another. Having unified regulatory oversight would simplify the industry, but COVID-19 is making it […]
Esports
October 11, 2021
Galaxy Racer to Host $100K Esports Tournament in Pakistan
Fast-growing esports company Galaxy Racer announced a new initiative in partnership with the Pakistani government under which the sports organization will host a $100,000 esports tournament in Pakistan. Investing in Pakistan Dubai-based esports organization Galaxy Racer became the first company to invest in Pakistan under the newly-established Special Technology Zone Authority (STZA) initiative that seeks […]
Industry
October 7, 2021
Macau’s New Casino Dividend Rules Could Suppress Growth, Assert Law Experts
Government officials and gaming regulators in Macau have been putting together a new framework for the city’s casino industry that was presented to the public last month. The draft rules immediately found resistance, with one rule, in particular, causing a lot of discord. The fallout was so great that casino companies saw their stocks lose […]
Business
October 6, 2021
Fulham Signs Another Sponsorship Deal with a Betting Company
Fulham FC signed a sponsorship deal with Asiabet33 as an official Asian betting partner for the current 2021/2022 season as Fulham competes in the Championship. The gaming provider was established in 2017, and it reaches Malaysia, Singapore, Thailand, Indonesia, and Japan, while also strategizing future expansions in other Asian destinations. The company is also considered […]
Business
October 6, 2021
Bloomberry Demands Documents That Could Confirm GGAM’s Alleged Frauds
Bloomberry Resorts, the Philippine gambling operator, has requested a federal judge to order a gaming company from the US to show documents that confirmed its alleged frauds. Global Gaming Asset Management (GGAM) has sued Bloomberry after what a Singapore arbitrary panel has labelled a wrongfully terminated contract with the Las Vegas-based company back in 2016. […]
Business
October 6, 2021
PH Resorts Rethinks CFZ Casino Plans as Philippines Continue to Fight COVID-19
The Clark Freeport Zone (CFZ) in the Philippine province of Pampanga is meant to be a massive hub of commercial activity, an attempt to bring additional income to the area. Casinos are a significant part of it, but one company has decided to take a step back and rethink its CFZ strategy. PH Resorts Group, […]
Industry
October 5, 2021
New Macau Gaming Laws Likely to Face Delays as COVID-19 Issues Continue
Frustration is the word of the day in Macau. 2020 was a disastrous year for the city’s casino market and, while 2021 has been substantially better, COVID-19 continues to cause problems. Recent positive tests have forced government and health officials to take a few steps backward on the road to recovery, and it doesn’t look […]
Industry
October 4, 2021
Japan Launches Application Window for IR Submissions
After a long delay due to COVID-19 and other issues, Japan is finally advancing its plans to introduce integrated resorts (IR) to the country. The Japanese Diet launched the official window for application submissions last Friday and host cities and prefectures have until next April to forward their final project proposals. With only three locations […]