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Industry
June 26, 2024
PPATK Finds 7,000 Gambling Transactions Tied to House Members
Indonesia’s Financial Transaction Reports and Analysis Center (Pusat Pelaporan dan Analisis Transaksi Keuangan or PPATK) has come across thousands of transactions on gaming sites allegedly involving over 1,000 House of Representatives members as well as House Secretariat staff. The country regards gambling as a crime with punishments going up to six years in prison. 63,000 […]
Industry
June 24, 2024
Baccarat Winner in Singapore Casino Dies of Too Much Excitement
A shocking incident allegedly took place at Asia’s most spectacular entertainment destination, Marina Bay Sands Casino. According to a video circulating online via X, a man who reportedly won a considerable jackpot suffered a cardiac arrest that was allegedly triggered by the excitement that the windfall brought to him. Alleged Huge Baccarat Win Several small […]
Legal
June 24, 2024
Singapore Reports Moderate Money Laundering Risk in Land-Based Casinos
According to a Singapore government report jointly issued by the Ministry of Home Affairs, the Ministry of Law, and the Monetary Authority of Singapore, the casino industry of Singapore has been identified as carrying a ‘moderate’ risk of being exploited for money laundering. Land-Based Casinos in Singapore Have Limited Appeal to Money Launderers Despite Cash-Rich […]
Industry
June 20, 2024
Indonesia Will Not Provide Social Aid to Online Gamblers
Indonesia President Joko Widodo (Jokowi) announced that the government would not provide social assistance to online gamblers. During a Wednesday address, following an irrigation inspection, he firmly confirmed that the country will provide no aid to those harmed by online gambling practices. “No aid,” the president said, emphasizing his conviction. Several days ago, Muhadjir Effendy, […]
Business
June 19, 2024
MGM China Confirms International Notes Offering for Professional Investors
The leading entertainment and casino operator that owns a luxury resort in Macau, MGM China Holdings Ltd., confirmed its plans to issue notes to professional investors internationally. The announcement came as a part of a Hong Kong Stock Exchange filing released earlier this week. In its filing, MGM China revealed that by issuing notes to […]
Blockchain
June 18, 2024
Gambler Charged for Betting on Taiwan Election via Crypto Site
A man in Taiwan has been accused of allegedly using a crypto betting site to wager on this year’s elections. According to prosecutors from the Shilin District Prosecutor’s Office, a man with the surname “Chen” used the Polymarket platform to wager on the result of the elections that ended on June 13. The same Prosecutor’s […]
Industry
June 18, 2024
Macau Diversifies Away from Gambling with New Gourmet Twist
In order to expand its economy, Macau has made a strategic decision that involves its well-known culinary status as a way of attracting tourists other than the usual casino visitors. Macau to Exploit UNESCO Gastronomy Status Macau was named a “City of Gastronomy” by UNESCO in 2017 and it intends to leverage this recognition by […]
Industry
June 18, 2024
PAGCOM Could Replace PAGCOR as Philippines Consider Revived Bill
A new bill could replace the Philippine Amusement and Gaming Corporation (PAGCOR) with a new regulatory body as lawmakers seek to reform the Asian country’s gambling sector. The PAGCOR, for context, is a 100% government-owned entity that is currently in charge of regulating gambling. House Bill 3559, which was introduced in August 2022, seeks to […]
Industry
June 14, 2024
Indonesia Looking to Stop Illegal Gambling Following Disturbing Murders
As a result of a disturbingly large number of gruesome murder cases allegedly connected to online gambling in the last few months, Indonesia has announced it would increase its efforts to put an end to illegal gambling. The reported deaths were reflective of the challenges that anti-gambling enforcement is currently facing in the country. President […]
Sports
June 14, 2024
Stop Gambling Foundation in Thailand Predicts Rise in Euro 2024 Betting
It is not uncommon for important sports events across the globe to result in spikes in betting activities. High-profile soccer, baseball, football, basketball and other competitions attract millions of sports fans, some of which turn to wagering for the first time. UEFA Euro 2024, one of the most-anticipated soccer events this year, is set to […]
