Industry
January 10, 2023
JP Morgan Reevaluates Q1 Expectations for Macau’s Gaming Sector
The global leader in financial services, JP Morgan, reevaluated the expectations for Macau’s gaming operators for the first quarter of 2023, a report released by IAG reveals. Operators in Macau Expected to Start Economic Recovery This Year DS Kim, an analyst for JP Morgan, explained that the company anticipates seeing the non-gaming GGR start its […]
Industry
January 9, 2023
Macau Extends Compliance Period for Electronic Gaming Machines
Details of the electronic gaming machines (EGM) Technical Standards 2.0 emerged last year. The change sought to introduce rules that ensure the same technical standard for gambling operators, protect the consumers and help with the development of the market. EGMs Need to Comply with New Rules Now, a new report by IAG reveals that the […]
Legal
January 5, 2023
India Introduces Online Gambling Legislation
On Monday, the Indian government proposed the rules, which will be part of the Indian Intermediary Guidelines and Digital Media Ethics Code, due to concerns over the rising number of complaints of gambling addiction, especially among minors. For the first time, these regulations will oversee aspects of online gambling that stand in a “grey area” […]
Industry
January 5, 2023
PAGCOR Reports 62% Increase in Self-Exclusion Requests Year-On-Year
The total number of self-inclusion requests for the whole of 2022 was 333, while the requests in 2021 were only 206. The 2022 number was the highest on record for the past four years. This is mainly due to the COVID restrictions that were in place for casinos during 2020 and 2021. 157 of the […]
Sports
January 5, 2023
Match-Fixing Scandal Shakes Up Cricket Tournament in Nepal
The Kathmandu Post reported that seven or more players have submitted reports to the International Cricket Council (ICC) after being approached with offers for match-fixing arrangements. Former National Team Captain Reports Match-Fixing Offer One of the reports comes from the former captain of Nepal’s national team and the current captain of the Kathmandu Knights, Gyanendra […]
Business
January 4, 2023
Taxes from Gambling in Macau Decrease in November 2022
In light of the COVID-related restrictions and decrease in traveling, the Macau SAR Government has seen a decrease in tax revenue recently. Macau Gambling Taxes Halt at $194M in November Overall, Macau’s six casino concessionaires contributed a total of MOP$1.56 billion ($194 million) in November 2022, a recent report released by IAG reveals. When compared […]
Industry
January 4, 2023
Number of Licensed Junkets in Macau Continues to Decline
The crackdown on junkets amid alleged ties with criminal organizations started late in 2021. Back then, Alvin Chau, who used to be the CEO of the popular junket Suncity Group was arrested. Then, early last year, Tak Chun Group’s CEO was also apprehended over alleged ties to criminal organizations and illegal gambling. Number of Licensed […]
Casino
January 3, 2023
Macau’s Three-Day New Year’s Visitation Numbers Disappointed
Macau international visitation numbers during the three-day New Year’s holiday from December 31, 2022, to January 2, 2023, plunged compared to the same period in the year before. Down between 33% and 42% The Special Administrative Region (SAR) of China saw an aggregate of around 62,000 tourists for the holiday, bringing the total number of […]
Esports
January 3, 2023
PUBG India CEO Praises Government Decision to Recognize Esports
The government in the country officially recognized esports as a part of “multi-sports events.” Considering the growing popularity of esports around the globe, the recent recognition marked a significant achievement for the country. India Recognizes Esports as a Part of Multi-Sports Events To recognize esports as a part of multi-sports events, India changed its regulations. […]
Business
January 3, 2023
Wynn Macau Employees to Benefit from Special Allowance
A statement released by the company reveals that the special allowance will be paid to 98% of its current workforce which is 11,600 employees. Wynn Palace and Wynn Macau Employees to Receive Special Allowance on January 16 Wynn Macau explained that the special allowance will be “equivalent to one month’s gross salary.” The payment itself […]
