Business
July 16, 2025
Casino Stocks in South Korea Increase Thanks to Foreign Tourism
Although South Korea’s eased visa policy for Chinese tourists isn’t set to take effect until later in the third quarter, casino stocks are already climbing in anticipation of a surge in inbound travel. South Korea’s Casino Sector Rises Ahead of Visa Changes for Chinese Tourists South Korea’s gaming industry is already seeing gains ahead of […]
Industry
July 16, 2025
More Japanese Celebrities Brought on Charges of Illegal Gambling
Japan is not lessening its zeal to bring to justice any person, be that a celebrity or an ordinary citizen, who has engaged in online gambling at a casino or a sports betting website. The country of the rising sun has gone after news anchors, athletes, and boy band members, and has urged others to […]
Industry
July 15, 2025
Philippines Central Bank Suggests Daily Limits on Online Gambling Payments
The central bank of the Philippines (BSP) has released a draft circular proposing daily caps on the amount of money users can transfer to online gambling platforms through digital payment services. Philippines Central Bank Proposes Online Gambling Payment Limits The draft circular from the Bangko Sentral Pilipinas proposes that fund transfers to online gaming platforms […]
Industry
July 10, 2025
PAGCOR Chair Cautions Gambling Restrictions Not Key to Fixing Industry Problem
Speaking on Tuesday on the radio about a proposed ban on all Internet gambling in the Philippines, the head of PAGCOR, the country’s regulator, said that proposals to suspend all online gambling were premature and potentially harmful to the industry. PAGCOR’s Boss Calls for Regulation, Not Restrictions PAGCOR Chairman Alejandro Tengco called for a more […]
Casino
July 9, 2025
Indonesia Blocks 17K Bank Accounts Over Illegal Gambling
The Financial Services Authority (OJK) has gone after bank accounts that it suspects are tied to illegal online gambling. Indonesia is one of the most heavily regulated countries when it comes to gambling, with nearly all activities outlawed and most politicians showing a clear hard stance on the activity. Bank Accounts Blocked Over Illegal Gambling […]
Industry
July 7, 2025
Singapore Regulator Fines 9 Financial Orgs Over AML Lapses Related to Gambling
Singapore’s Monetary Authority of Singapore (MAS), has imposed a total fine of S$27.45 million ($21.45 million USD) on nine financial institutions for anti-money laundering (AML) lapses connected to one of the country’s biggest-ever money laundering cases. Singapore Regulator Fines Several Institutions Over AML Failures According to the MAS, the financial institutions involved failed to enforce […]
Casino
July 7, 2025
Philippines Eyes Online Gambling Ban Amid Regulatory Push
At the end of June, we reported on the intention of House of Representatives member Jonathan Keith Flores to outlaw e-wallets for online gambling companies operating under licenses from the Philippine Amusement and Gaming Corporation (PAGCOR), as a way of encouraging players to limit their betting and gambling spending. On Friday, Senator Sherwin Gatchalian put […]
Industry
July 6, 2025
Macau Contemplates Axing Gambling Ads
Macau continues its efforts to diversify its industry and end its historic dependence on gambling. As these efforts progress, lawmakers are considering a ban on gambling ads. Macau Wants to See How the Public Feels Macau’s Economic and Technological Development Bureau has launched a formal public consultation into the matter to see how the public […]
Sports
July 3, 2025
Japanese Baseballers Who Self-Reported Illegal Gambling Dodge Charges
Japanese authorities have been determined to uproot illegal gambling in the country by first focusing on their citizens. While most jurisdictions have formal laws against illegal gambling and even explicitly prohibit participation in gambling activities that are not regulated, the majority of countries have chosen not to enforce those laws against ordinary people or even […]
Industry
July 1, 2025
PAGCOR Approves PHP 50M Grant to Deport POGO Workers
As the US grapples with immigration-related issues and serious controversies surrounding the government’s handling of the matter, the Philippines faces its own set of deportation problems. Despite dismantling the Philippine Offshore Gaming Operator (POGO) sector a few months ago, the country continues to struggle with remaining operators that have migrated to the black market and […]
