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Industry
August 19, 2024
Philippine Senator Fights the Return of Virtual Cockfighting
Several years ago, the Philippines legalized online sabong operations. After the start of virtual cockfighting in 2020, the activity was expected to bring tax revenue. Yet, the government’s Bureau of Internal Revenue (BIR), as well as the Philippine Amusement and Gaming Corp. (PAGCOR), failed to collect all tax revenue due from e-sabong operations, despite many […]
Casino
August 14, 2024
Thai Academics Argue Future Casino Resorts to Cause More Harm Than Good
As Thailand is on track to advance a bill that would introduce the first casino resorts in the country, academics have cautioned that the potential societal costs may be too steep to bear, and outstrip the theoretical windfall from tax levied on casino floors. Thai Academics Doubt Good That Will Come Out of Casino Resorts […]
Business
August 13, 2024
PAGCOR Reports Strong Q2, Enjoys Solid Performance of E-Games
The second quarter of this year marked a strong period for licensed casinos in the Philippines, with reported increases in total gross gaming revenue (GGR) year-over-year and quarter-over-quarter. The Philippine gambling regulator and government-owned, regulated and operated corporation, the Philippine Amusement and Gaming Corporation (PAGCOR), uncovered details regarding the GGR reported for the three months […]
Industry
August 12, 2024
Indonesia Cracks Down on Payment Providers Linked to Online Gambling
The Indonesian government has announced it will take decisive action against digital payment service providers engaging with online gambling operators. This move is part of an escalating campaign by the country’s authorities to combat the growing prevalence of illegal online gambling activities. Indonesia hopes that limiting payment options will reduce traffic to black market sites, […]
Casino
August 12, 2024
Casino Owners Top Forbes Asia’s Richest Person List
According to the “Philippines’ 50 Richest” list released by Forbes Asia, the top spot was grabbed by the heirs to a gambling and business empire. The Sy siblings have inherited their fortune from Henry Sy Sr., their father, who was one of the early-day pioneers of the gambling and casino industry in the Philippines. Sy […]
Industry
August 12, 2024
Hana Financial Launches Initiative to Combat Youth Gambling in South Korea
In a significant effort to combat the rising issue of illegal youth gambling in South Korea, Hana Financial Group has unveiled a comprehensive three-year campaign, investing a substantial KRW10 billion ($7.3 million) to both prevent gambling among teenagers and provide treatment for those already struggling with addiction. Hana Financial and Korea Problem Gambling Agency Unite […]
Industry
August 9, 2024
MGM’s Osaka Integrated Resort May Get Another Setback
Local media outlets in Japan have seen documents from the Bureau International des Exposition (BIE), which oversees the upcoming Expo 2025 or World Fair, as the gathering is colloquially known, which ask for the construction of the integrated resort to be put on pause for six months. Work on MGM Osaka May Halt Because of […]
Industry
August 7, 2024
Philippines Considers Regulated Alternatives Following POGO Ban
The Philippine Amusement and Gaming Corporation (PAGCOR) is exploring implementing an improved and regulated version of online gaming following President Ferdinand Marcos Jr.’s decision to impose a total ban on Philippine Offshore Gaming Operators (POGOS). Rebuilding the sector could bring significant employment opportunities and create new revenue streams for the government. Lawmakers Remain Optimistic In […]
Industry
August 5, 2024
Thailand Takes the First Steps toward Casino Resort Regulation
The highly anticipated move toward legalizing resort casinos in Thailand is taking form. The country has just unveiled a draft casino bill defining the regulatory framework for integrated entertainment venues with casinos. The draft bill, published on Friday, outlined how Thailand’s future casino regulatory body would look and what it would be responsible for. It […]
Industry
August 5, 2024
Macau Lawmaker Asks Gaming Ops for More Workforce Consideration
In a recent report, Macau lawmaker Leong Sun Iok and the country’s Federation of Trade Unions showed concern in connection to the mental and physical well-being and health of employees in the gaming industries. As per Macau news outlets, following these concerns, Leong is now asking the government to “promote the social responsibility of gaming […]
