Industry
January 17, 2023
JP Morgan: Macau Operators Already Profitable
They say one swallow doesn’t make a summer, so Macau has been very proactive to diversify its efforts in restoring the SAR to its previous status as one of the best tourist spots for gambling aficionados. Operators Profitable Again The investment bank’s analyst – DS Kim – provided a weekly update sharing numbers for the […]
Casino
January 16, 2023
Thailand May Legalize Casinos in IRs in a Few Years
Casino gaming may become a reality in Thailand in a few years. As reported by the Bangkok Post, the Asian country’s House of Representatives just approved a report that proposes the creation of integrated resorts with casinos. Thailand Approved a Casino Proposal The report in question is a comprehensive report that a special committee compiled […]
Industry
January 13, 2023
Singapore Actor Investigated for Promoting Illegal Gambling
An actor in Singapore is under investigation for an alleged breach of the Gambling Control Act by promoting an illegal gambling website in three video commercials. Gambling with Unlicensed Operators Terence Cao, 55, participated in various roles in the three video commercials and all of his roles silently promoted the excitement and fun derived from […]
Business
January 12, 2023
Integrated Resorts with Casinos Back on the Table for Thailand
Integrated Resorts (IRs) can help cities boost their visitation and tourism. If the resorts offer casino gambling, those activities deliver fresh tax revenue for local and government structures and at the same time decrease the share of the black market. Casinos Expected to Take 5% Of Integrated Resort Areas Now, a new report released by […]
Legal
January 10, 2023
Cambodia Carries Out a Fresh Self-Declaration Taxing Model for Casinos
According to The Khmer Times, the revenue-based taxing regime was adopted on December 30, 2022, two years after the country’s highly-anticipated casino bill was finally passed. New Taxation Regime for Gambling in Cambodia The bill called the Law on the Management of Integrated Resorts and Commercial Gambling has set the tax on mass gaming at […]
Industry
January 10, 2023
JP Morgan Reevaluates Q1 Expectations for Macau’s Gaming Sector
The global leader in financial services, JP Morgan, reevaluated the expectations for Macau’s gaming operators for the first quarter of 2023, a report released by IAG reveals. Operators in Macau Expected to Start Economic Recovery This Year DS Kim, an analyst for JP Morgan, explained that the company anticipates seeing the non-gaming GGR start its […]
Industry
January 9, 2023
Macau Extends Compliance Period for Electronic Gaming Machines
Details of the electronic gaming machines (EGM) Technical Standards 2.0 emerged last year. The change sought to introduce rules that ensure the same technical standard for gambling operators, protect the consumers and help with the development of the market. EGMs Need to Comply with New Rules Now, a new report by IAG reveals that the […]
Legal
January 5, 2023
India Introduces Online Gambling Legislation
On Monday, the Indian government proposed the rules, which will be part of the Indian Intermediary Guidelines and Digital Media Ethics Code, due to concerns over the rising number of complaints of gambling addiction, especially among minors. For the first time, these regulations will oversee aspects of online gambling that stand in a “grey area” […]
Industry
January 5, 2023
PAGCOR Reports 62% Increase in Self-Exclusion Requests Year-On-Year
The total number of self-inclusion requests for the whole of 2022 was 333, while the requests in 2021 were only 206. The 2022 number was the highest on record for the past four years. This is mainly due to the COVID restrictions that were in place for casinos during 2020 and 2021. 157 of the […]
Sports
January 5, 2023
Match-Fixing Scandal Shakes Up Cricket Tournament in Nepal
The Kathmandu Post reported that seven or more players have submitted reports to the International Cricket Council (ICC) after being approached with offers for match-fixing arrangements. Former National Team Captain Reports Match-Fixing Offer One of the reports comes from the former captain of Nepal’s national team and the current captain of the Kathmandu Knights, Gyanendra […]
