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Business
July 25, 2024
LET to Axe Primorye Casino Resort Amid War-Related Sanctions
LET Group Holdings, a group that develops and operates integrated resorts across the Philippines, the Russian Federation and Vietnam, is set to hold a shareholder meeting to discuss the future of its Tigre de Cristal resort. The property, located in Russia’s Primorye gambling area, could be axed amid difficulties related to the West’s sanctions. For […]
Legal
July 25, 2024
China Intensifies Crackdown on Cross-Border Gaming
China has intensified the crackdown on cross-border gaming activities, with the Supreme People’s Court (SPC) citing Alvin Chau and Suncity Group as typical cases of such harmful activities. According to the SPC, this high-profile case underlined the substantial capital outflow from China and the grave social and economic consequences of mass cross-border gaming. Chau Refined […]
Industry
July 23, 2024
Philippine President Bans POGOs amidst Rising Concerns
In a decisive blow to the country’s nascent offshore gambling industry, Philippine President Ferdinand Marcos instituted a blanket ban on all Philippine Offshore Gaming Operators (POGOs) on Monday. The move cracks down on an online sector dominated by Chinese firms, plagued with unlicensed activities and links to organized crime. China Has Been Urging for a […]
Industry
July 18, 2024
CreditSights Predicts Fast Recovery for Macau GGR as Tourism Grows
Macau’s post-COVID recovery continues as the special administrative region continues to attract an increasing number of visitors. According to credit research specialist CreditSights, the money wagered per visitor has been experiencing a steady recovery, returning to approximately 93% of the pre-pandemic levels. According to CreditSights analyst David Bussey, the GGR spend per visitor for the […]
Legal
July 16, 2024
Philippine Police Hunt Mayor Accused of Espionage and Running Fake Casinos
Alice Guo, the Mayor of Bamban town in the Philippines, is now a fugitive, facing serious allegations of being a Chinese spy and running fake casinos. According to a recent BBC article, authorities have issued an arrest warrant for Guo. However, she has gone into hiding, evading law enforcement and bolstering suspicions regarding her involvement […]
Industry
July 16, 2024
MGM China Hosted Unprecedented Responsible Gambling Course
MGM China announced that it has co-hosted the first of its kind responsible gambling training course in Macau. Alongside the Macao Federation of Trade Unions (FAOM) and the Macao Gaming Industry Employees Home Integrated Services Centre, the operator organized the Contributing a Harmonious Community – Responsible Gaming Promotion Ambassador certificate training course. While MGM acknowledged […]
Poker
July 16, 2024
Poker Player’s Mother Suspects He Was Murdered While in Manila
The mother of a professional poker player from Kilmarnock, East Ayrshire, Scotland, fears that her son was killed and robbed while visiting the Philippines. The 32-year-old professional poker player, Darren Young, was found dead in his rental condo in Manila, the Philippines, earlier this year. In a recent interview for the Scottish Sun, Young’s mother, […]
Legal
July 15, 2024
Thailand Law Enforcement Takes Decisive Action against Illegal Gambling
In a major crackdown on illegal gambling operations, Thai law enforcement agents have successfully closed more than 200 websites catering to Euro 2024 soccer-related gambling. The operation, aiming to curb the surge in illegal betting activities associated with the wildly popular soccer tournament, uncovered an estimated 2.4 billion baht ($66.3 million) in circulation across black […]
Lottery
July 15, 2024
Record-Breaking 63 Winners Hit Donghang Lottery Jackpot
An all-time high number of players have won the Donghang Lottery jackpot, beating the previous record. For reference, 50 winners guessed all lottery numbers correctly in June 2022, marking a historic moment in the lottery’s history. Now, however, the lottery provided prizes to a whopping 63 jackpot winners. The Korean Lottery Commission confirmed the figure. […]
Business
July 9, 2024
Rummy Leader Passion Gaming Reacquires Shares from Rank Group
Bobby Garg and Priya Kumar, the co-founders of Indian rummy operator Passion Gaming, have re-acquired all company shares from their investors and are back in control of the company. The company’s shareholders included global gambling giant Rank Group. Rank Group, through its Stride Investments subsidiary, had invested $5 million in Passion Gaming shares, comprising of […]
