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Gambling News - 'Asia'
Industry
March 5, 2024
Indonesia Asks X to Automate the Removal of Illegal Gambling Ads
Indonesia continues its fight against the advertising of illegal gambling products, asking the social platform X to take action. This is not the first time the country has accused the platform formerly known as Twitter of promoting unlicensed gambling. For reference, online gambling is strictly prohibited in the country, with violating operators risking up to […]
Industry
March 5, 2024
Vietnam Decree Says Betting Investors Would Need to Comply with Bidding Law
As Vietnam seeks to expand its wagering industry, the government said that operators wishing to offer legal betting on soccer events would need to take part in a bidding process. According to Hanoi Times, the process would determine whether these companies would secure a license. The Vietnamese news outlet said that the new measure is […]
Industry
March 4, 2024
Legal Obstacles May Impact the Growth of India’s Gaming Sector
India, the country with the highest population and fifth-largest economy on the globe, can benefit significantly from legalized gambling. The worldwide availability of smartphones and easy access to the internet grants millions of users access to online gambling activities and Indians are not an exception. While the country doesn’t prohibit online betting, only a couple […]
Business
March 4, 2024
Solaire Resort’s FY23 GGR Hits 97% of Pre-Pandemic Levels
Bloomberry Resorts Corporation, which owns and operates Solaire Resort Entertainment City, has reported consolidated net revenue of Php11.9 billion ($212 million) in Q42023 for the Manila-based integrated destination resort that spreads across an 8.3-hectare site. The figure, which marks a 3% year-on-year rise compared to 2022’s fourth quarter, was partially generated with the help of […]
Industry
March 4, 2024
Macau Casinos Report $2.3B in GGR as Post-COVID Recovery Continues
Macau published information about the performance of its gambling industry in February, highlighting its continued recovery. While the special administrative region is yet to publish its official tourism results, the GGR figures suggest that the tourism sector continues to grow. Macau’s gambling industry was previously impeded by the COVID-19 pandemic and China’s zero-COVID policy. For […]
Lottery
March 1, 2024
City in China Gives Away Free Lottery Tickets to Newlyweds
Amid a growing number of demographic challenges in China, including declining birth rates and an aging population, a new initiative seeks to encourage newly-wed couples while giving them a chance for good fortune. The first-of-its-kind initiative in the country was initiated in Xi’an, a city located in northwest China and involves granting free scratch-off lottery […]
Business
February 29, 2024
Bloomberry Resorts Reportedly Explores Jeju Casino Sale Options
Bloomberry Resorts Corp, the leading integrated resorts operator in the Philippines, may be looking to offload its South Korean casino asset, Jeju Sun, a new report suggests. The potential divestment comes less than a decade after the company attempted to sell its resort back in 2016. At the time, the sale of Jeju Casino did […]
Business
February 28, 2024
GEG Posts Favorable Q4 Results, Underpinned by Macau’s Recovery
Gaming and hospitality giant Galaxy Entertainment Group (GEG) has published its Q4 results, illustrating an optimistic outlook for the company’s business. According to chair Dr Lui Che Woo, the company is well positioned for further growth. In Q4, GEG reported net revenue of HKD 10.3 billion ($1.3 billion), showing a spectacular 254% increase year-on-year. Adjusted […]
Industry
February 20, 2024
Macau Proposes Illegal Gambling Law with Ancillary Penalties
The Macau government’s new legislation proposal aimed at clamping down on crimes related to illegal gambling has been sent to the SAR Legislative Assembly. The latter is now busy studying its content, including a variety of ancillary penalties like player expulsion and the prohibition from entering Macau or an increase in the maximum penalty for […]
Industry
February 20, 2024
Prosecutors in Thailand under Threat amid iGaming Investigation
An investigation into online gambling operations, ran by a criminal syndicate in Thailand, resulted in threats against two prosecutors. The threats appeared to be deriving from a surprising source, the police force itself, with nearly a dozen officers suspected of their involvement with the criminal syndicate. In light of the threats, Thailand’s Office of the […]