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Industry
September 20, 2021
Player Deposits at Macau Casinos Likely Safe with New Rules
Macau’s gaming industry is going through a metamorphosis of sorts right now that has more than a few people uneasy. The city is implementing new laws that will impact casino operators and their properties and one of the recommendations, in particular, has caused a lot of anxiety. Concerns over funds held by Macau’s casinos have […]
Industry
September 15, 2021
Macau Gambling Stocks Deteriorate Following Newly Announced Restrictions
The top gaming stocks in Macau lost $18.4 billion in market value today, Wednesday, September 15, which is a record-breaking number. The loss in market value is a result of the new tight restrictions on gaming operators that officials have announced. One of the changes, if approved, includes the constant supervision of companies by representatives […]
Legal
September 15, 2021
Interpol Seizes $7.9M, Arrests 1,400 People for Illegal Gambling
Some 1,400 people were arrested and $7.9 million in cash was seized by Interpol in a global operation against illegal gambling. The operation was conducted during Euro 2020 across Europe and Asia. Overall, 28 countries participated in SOGA VIII, fighting against illegal gambling. Interpol Unveils Details Regarding SOGA VIII The International Criminal Police Organization (Interpol) […]
Industry
September 15, 2021
Macau Contemplating Putting a Stop to Casino Sub-concessions
When Macau first introduced legal casinos at the beginning of the century, three concessions were going to be allowed. Then, through some reshuffling and bureaucratic magic, three became six, with the latter three being authorized via sub-concessions. Now, as the city explores massive changes to its gaming laws, the idea of sub-concessions could go away […]
Industry
September 13, 2021
The Asian Casino Sector Gets Its Own Awards Program
The integrated resort (IR) casino sector is getting its own awards program. The IR Academy Awards are coming for the first time next month, hosted by the Academy of Integrated Resorts and Gaming Executives in Asia. The Academy was formed by Inside Asian Gaming (IAG) at the beginning of this year, and was created to […]
Casino
September 13, 2021
Macau Slot Machines to Get a Feature Not Every Gambler Will Like
Responsible gaming continues to be the leading topic in the gaming industry around the world. Land-based and online casinos are expected by regulators to be more proactive at protecting gamblers from themselves. Macau is making changes to its gaming industry, as well, introducing the new Electronic Gaming Machine Technical Standards version 2.0 that went live […]
Casino
September 9, 2021
Sands China Experiences $125-Million Net Loss in August
Sands China Ltd, a Macau gaming concessionaire and the Asian arm of Las Vegas Sands, states that it fell to a $125 million net loss and $14 million adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss in the month of August. According to the company, the main reason behind the losses is the […]
Industry
September 8, 2021
Metro Manila to Stay On Lockdown, Inhibiting Gaming Recovery
The Philippines had a brief respite from the COVID-19 pandemic recently, but it didn’t last very long. With new issues emerging, existing health restrictions that should have been lifted by now are going to remain in place a little longer. Metro Manila is the hardest hit, and will stay on “modified enhanced community quarantine” until […]
Industry
September 6, 2021
PAGCOR Shorted Almost $28 Million in POGO-based Fees and Dues
The Philippines has had a lot of difficulty due to the COVID-19 pandemic and hasn’t, until very recently, started to see limited signs of recovery. This has taken a toll on the country’s gaming industry, which also affects the amount of money the Philippines has to work with. The Philippine Amusement and Gaming Corp. (PAGCOR), […]
Casino
September 3, 2021
Casinos in Boracay Could Come Sooner than Expected
Just days after a moratorium on new casino construction in the Philippines was lifted, two projects are possibly in the works. One is a resort that was forced to stall due to COVID-19 and the moratorium, while the other is a new property. Expected launch dates haven’t been revealed; however, with the idea that they […]