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Industry
September 10, 2024
India Holds Firm on 28% GST for Online Gaming despite Industry Pushback
According to the latest data by the Indian government, revenue from online gaming has reached ₹6,909 crore ($832 million) in just six months, rising by 412% despite the recent Goods and Services Tax (GST) hike to 28%. Finance Minister Nirmala Sitharaman confirmed these figures during the 54th meeting of the GST Council on 9 September […]
Casino
September 10, 2024
The First Casino Resort in Japan Expected to Open in 2030
The first casino resort in Osaka, Japan, may open at some point late in 2030, a local media outlet suggests. The move comes at a time when the main operator reportedly plans to forgo its right to exit the project without penalty, a report from Nikkei reveals. The large-scale development has seen several delays and […]
Industry
September 5, 2024
Thailand Casino Legalization Wins Overwhelming Public Support
Thailand is pressing ahead with plans to set up its first-ever official casinos as part of a broader push to legalize gambling and create a mega-entertainment complex. This move marks a significant shift in policy for a country where most forms of gambling are currently illegal. The government has decided to push ahead with the […]
Casino
September 3, 2024
Alliance Global to Construct a $301M Integrated Resort in the Philippines
The Philippines is awaiting the construction of a new integrated resort, which is set to channel more tourists toward the archipelagic country. The project is the brainchild of Alliance Global Inc’s Travellers International Hotel Group Inc (TIHGI) and is set to begin construction in 2025. TIHGI Hopes to Channel Tourists Toward Its New Property Initial […]
Industry
September 3, 2024
Mother of Famous South Korean Actress Accused of Illegal Gambling
The mother of a famous South Korean actor was recently arrested over allegations of running illegal gambling businesses. The case involves the mother of Han So-hee, a recognizable actress who started her career about a decade ago with a supporting character role in the TV series Money Flower in 2017. The next year, So-hee’s career […]
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 […]
