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Sports
February 22, 2023
New Football Betting Duty May Impact HKJC’s Operations
The announcement comes after the Hong Kong Special Administrative Region Government announced a proposed 2023-24 Budget. Within that proposal, a Special Football Betting Duty (SFBD) is established. The duty, which is effectively a charge on all bets for football, is expected to deliver HK$12 billion ($1.53 billion) in proceeds over the next five years. A […]
Business
February 22, 2023
NuxGame and V8Poker Ink Landmark Content Agreement for Asia
The news comes after the business-to-solution provider of premium iGaming products announced that it would add NOWPayments to its roster of supported crypto payment methods earlier in the week. The newly inked deal with V8Poker, the popular content provider on the Asian continent, will help NuxGame continue to provide top-grade content to its clients. NuxGame […]
Blockchain
February 22, 2023
Hong Kong Considers Crypto Trading, Launches Consultation on Rules
Currently, China has tough regulations when it comes to crypto trading. In fact, the country has cracked down on the activity and banned such transactions in an effort to protect its population from speculative transactions and fraud attempts. This crackdown resulted in many Chinese crypto-focused web3 businesses giving up on the opportunity to operate within […]
Casino
February 22, 2023
Philippine Casinos Can Expect Moderate Boost from China
The note focuses a big part of its report on Bloomberry Resorts, the company behind Solaire Resort, which is expected to soon release its full-year results for 2022 and the last quarter of the year. According to the note, Bloomberry can expect to see its gross gaming revenue increase by another 9% in 2023, and […]
Business
February 21, 2023
Galaxy Entertainment Group Appointed Ted Chan as CFO
One of Macau’s casino concessionaires, Galaxy Entertainment Group (GEG), announced a major change in its executive team with the departure of Robert Drake whose role as Chief Financial Officer (CFO) will be assumed by Ted Chan. Extensive Financial and Operational Experience The appointment of Chan as Galaxy Entertainment’s new CFO will take place after a […]
Casino
February 21, 2023
Morgan Stanley: Macau 2023 GGR and EBITDA Revised Upwards
Gambling industry analysts at Morgan Stanley believe that gambling in Macau is on the way to recovering, raising its gross gambling revenue (GGR) estimate for 2023 by 42% and 2023 EBITDA estimate by 70%. Better Product Mix, Higher Margins According to the note released by Morgan Stanley on Monday, the gambling industry in the Special […]
Casino
February 17, 2023
China Wants to Help Cambodia Eliminate Illegal Gambling in All Forms
China in particular has been very keen to eliminate cross-border gambling, expending a considerable effort to this end over the past years, arresting thousands of suspects, shuttering gambling sites, operations, and more. All the while, the country has been trying to elicit the same level of commitment from neighbors such as the Philippines and Cambodia […]
Legal
February 15, 2023
Woman Jailed after Running a Fake Gambling Scheme
Wu Hong, a 41-year-old Chinese woman who scammed people in Singapore out of over $1.57 million (converted to USD), has been sentenced to 12 years in prison. Prior to her sentencing, the con artist used to promise victims that their money would be invested into Chinese gamblers who come to play at Singaporean casinos. Needless […]
Casino
February 15, 2023
Thai Actress Accuses Macau888 Gambling Boss of Domestic Abuse
In a video uploaded to Facebook, Arisara insisted that “Benz Daemon” as the man is known by his moniker, had been abusive to her during their relationship. Arisara said that she had suffered physical and mental abuse by Chaiwat on numerous occasions and had the evidence to back her claims up. The actress shared photos […]
Casino
February 10, 2023
Mohegan Plans to Introduce Non-Gaming Inspire Korea IR Offer in 2023
The Inspire Korea IR developed by Mohegan Gaming & Entertainment should be able to open ahead of its original schedule, and a non-gaming offering should already be available before the end of 2023, the company confirmed during its latest earnings call, summing up the results for the fourth quarter. Tourism Big Focus of Upcoming Project […]
