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Industry
January 16, 2025
Analysts Predict Limited Market Shifts in Macau Despite Gaming Revenue Surge
The Macau gaming market posted its strongest quarterly performance in a long time, with gaming revenue in Q4 2024 reaching a 20-quarter high. However, JP Morgan analysts note that such positive financials may not be enough to offset investor skepticism and reignite interest in concessionaire stocks. However, the uptick in revenue should be welcome news […]
Industry
January 15, 2025
Thailand PM Outlines Casino Interest from Six Operators
Thailand’s casino legislation efforts continue as everything points to the imminent legalization of integrated resorts. As the process moves forward, international communities continue to closely follow the developments. Big Companies Are Eyeing Thailand Prime Minister Prommin Lertsuridej recently addressed the matter, saying that six international operators, in particular, seem very interested in bidding for a […]
Sports
January 14, 2025
Hong Kong Soccer Boss Mulls Legalizing Betting on Local Games
In an interview for the South China Morning Post, the Chairman of the Football Association of Hong Kong, China, Eric Fok has said that the special administrative region (SAR) can benefit from rolling out an expanded regulated gambling framework that will allow residents and visitors to place a bet on the outcome of local soccer […]
Blockchain
January 13, 2025
Singapore Claims Polymarket Is Illegal, Blocks Access to the Platform
Singapore’s Gambling Regulatory Authority has forced the country’s ISPs to block Polymarket over unlicensed gambling concerns. Polymarket is a decentralized prediction market platform, and although it claims to be different from traditional gambling, it has ruffled regulatory feathers in the city-state, prompting a crackdown. Singapore’s GRA Blocks Polymarket On January 12, users in Singapore who […]
Industry
January 13, 2025
Melco Resorts Predicts Tourism Boost in Thailand as The White Lotus Season 3 Looms
Melco Resorts, one of Asia’s leading gaming companies, has addressed the upcoming third season of The White Lotus, predicting that it would encourage more people to visit Thailand. This could potentially benefit gambling operators as the country prepares to give casino gaming a go. The White Lotus May Popularize Thailand The White Lotus is a […]
Industry
January 13, 2025
Thailand Greelights Draft Law to Legalize Casinos and Gambling
Thailand has taken a significant step toward legalizing gambling and casinos, as its cabinet recently approved a draft law aimed at boosting tourism, creating jobs, and attracting investment. The news comes roughly a week after the government revealed its plan to renew talks on the legalization of online gambling. Gambling in Large-Scale Entertainment Hubs Prime […]
Industry
January 10, 2025
Singapore Has Now Blocked 3,800 Illegal Gambling Sites
The government of Singapore has continued to enact strict measures against illegal gambling websites, with the government confirming that it has now blocked a total of 3,800 unlicensed gambling operators as of December 31, 2024. Illegal Gambling Sites Continue to Target Singapore Singapore offers online gambling but in limited and highly regulated form through the […]
Business
January 8, 2025
Paradise Entertainment and Tangiamo Sign Strategic Deal
Paradise Entertainment Limited and Tangiamo Touch Technology enter a new partnership that will see both expand their reach in the Asian and European markets. The Two Companies Pursue Growth in Europe and Asia Paradise Entertainment Limited is a company working on the development, sale, and leasing of electronic gaming equipment and systems. It also provides various […]
Legal
January 8, 2025
Indian Gaming Firms Seek Supreme Court Protection from Tax Demands
Gaming businesses in India are looking to the Supreme Court to help them out with backdated Goods and Services Tax (GST) bills that might be way more than what they make. In December at least two companies put in special requests asking the court to stop the tax office from taking action until they make […]
Legal
January 7, 2025
Foreign Workers Escape from Cambodia Casino Allegedly Linked to Human Trafficking
Nearly 60 foreign workers from Nepal and Pakistan made a dramatic escape from a casino complex in northern Cambodia, where they reportedly had to endure forced labor and physical abuse. Armed with metal rods fashioned from bed frames, the workers overpowered security guards at the O-Smach resort, located near the Thai border, and fled the […]
