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Gambling News - 'Asia'
Casino
January 2, 2021
Macau’s Annual Casino GGR Crash to 79.3% in 2020
With 2020 over, Macau has posted its worst year to date for the special administrative region’s casino industry. Macau’s GGR Collapses to 79.3% YOY Macau has turned the key on its worst year for gambling to date, with casino gross gaming revenue (GGR) plummeting by 79.3% year-over-year in 2020. All of that has been caused […]
Legal
December 30, 2020
JP Morgan Outlines China Criminal Law Amendment Implications
The criminal law amendment in China seeking punishment for organizers of trips with gambling purposes outside the country for mainland residents could make junket operators who used to bring high-rollers to Macau casinos anxious, a Tuesday memo from JP Morgan Securities (Asia Pacific) outlines. Junket Industry under Threat The ban effective from March 1, 2021 […]
Industry
December 29, 2020
Genting Malaysia’s RWG Casino Complex Unaffected by Lockdown Order
Malaysian casino resort Resorts World Genting stated it will not be concerned by the country’s EMCO, a lockdown order against the spread of Covid-19. RWG Not Concerned by Strict Lockdown Malaysian gambling operator Genting Malaysia Berhad’s Resorts World Genting (RWG), the casino resort at Genting Highlands near the nation’s capital Kuala Lumpur, will not be […]
Legal
December 29, 2020
Gambling Trip Organizers to Receive Prison Sentences in China
According to a recent change to China’s Criminal Law, organizers of overseas trips with the intent to gamble may face charges and a sentence of up to 10 years. The tough measure may be a part of China’s crackdown on gambling and comes into effect on March 1 next year. Changes to Criminal Law Incriminate […]
Industry
December 29, 2020
The Philippines Extends Measures in Metro Manila
The Philippines has extended the lockdown measures on Metropolitan Manila until 31 January next year. Extended Measures On Monday, Philippine President Rodrigo Duterte announced that Metropolitan Manila will remain under general community quarantine (GCQ) until the end of January 2021. Mr. Duterte’s statement was released by the country’s official media agency – the Philippine News […]
Legal
December 29, 2020
Macau Police Force Stops $1.78 Billion Criminal Network
Macau’s Judiciary Police and Chinese authorities have stopped a $ 1.78 billion criminal operation. Macau Stops Illegal Operation Macau’s Judiciary Police announced on Tuesday that it had successfully stopped an illegal point-of-sale (POS) operation in the gambling capital of the world. According to the report, the alleged criminal operation has been running since 2016. Since […]
Legal
December 29, 2020
Online Gambling May Be Punishable by Death Sentence in Iran
Online betting and gambling activities may be punishable by death in Iran if a newly proposed bill is accepted. A Bill Proposes Death Sentence for Gambling in Iran Online gambling and betting may soon be punishable by death sentence according to a newly drafted bill in Iran. The bill, drafted by the Vice President of […]
Casino
December 28, 2020
Mohegan Gaming Faces Delay to South Korea’s Inspire Casino Resort Due to Covid-19
Inspire Entertainment Resort at Incheon, South Korea, is suffering due to Covid-19 pandemic, which has hit the global casino industry and has halted the construction of the Midan City resort, backed by Caesars and Inspire Resort. Mohegan Postpones Phase 1 of Inspire Project to 2023 US tribal casino operator Mohegan Gaming and Entertainment said that […]
Legal
December 27, 2020
RFP for an Integrated Resort in Nagasaki to Start on Jan 7
A request for a proposal for an integrated resort will launch on January 7, 2021, revealed the Prefecture in Nagasaki, Japan. With the RFP launch, Nagasaki would become the third Prefecture to initiate the process, following Osaka and Wakayama. RFP for an IR in Nagasaki Starts on January 7 Next Year The Prefecture in Nagasaki, […]
Blockchain
December 26, 2020
Industry Disagrees with Hong Kong’s Planned Crypto Regulation
The Bitcoin Association of Hong Kong disagrees with the city’s wave of crypto regulations and warns that they may hurt the city’s innovation and financial inclusion. Hong Kong May Overregulate Crypto The Bitcoin Association of Hong Kong has criticized the city’s cryptocurrency regulation plan. The association is appealing to regulators to reconsider the potential impact […]