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 […]
Legal
February 19, 2024
PAGCOR Shuts Down Illegal Gambling Operation, Arrests 12 People
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that a dozen people have been arrested for involvement in illegal online gaming operations. According to the Philippine regulator, the operation was carried out on February 16 in Parañaque City. A total of 12 people were arrested in the operation which was carried out by the National […]
Industry
February 15, 2024
Former Fiancé of S. Korean Fencer Sentenced to Prison for Fraud
In October, Olympian Nam Hyun-hee posed with her future husband Jeon Cheong-jo for a popular magazine in South Korea. The famous Olympian fencer’s fiancé presented himself at the time as an heir to a wealthy family. This public appearance ultimately led to the downfall of Jeon, who not only appeared to be a female rather […]
Industry
February 15, 2024
North Korea Allegedly Develops and Sells Illegal Gambling Websites
Similar to China, gambling is prohibited in North Korea. However, the totalitarian dictatorship country focusing on the Kim family currently has two casinos. Visitors of North Korea can gamble at the country’s two foreigner-only casinos, the Pyongyang Casino in the Yanggakdo International Hotel in Pyongyang and the Imperial Hotel & Casino in Rason. This practice […]
