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Industry
June 27, 2022
PAGCOR Settled $15M of the Fees POGOs Owed
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that it has collected more than a third of the fees Philippine Offshore Gaming Operators (POGOs) owed. In total, the regulator recovered about $15 million. The rest is owed by operators that have remained closed since the beginning of the pandemic. The PAGCOR Recovered a Third of […]
Industry
June 27, 2022
Sri Lanka “Casino King” Becomes Minister Amid Crisis
“Casino King”, “Richest Man in Country” – Now Minister as Well Dhammika Perera, AKA Sri Lanka’s “casino king”, was appointed as minister of technology and investment promotion last Friday. The news comes as Sri Lanka is heavily affected by an economic crisis and nationwide protests are plaguing the country. This led to president Gotabaya Rajapaksa’s […]
Casino
June 27, 2022
Jeju Casinos May One Day Offer Online Gambling
South Korea has had a reputation for hosting foreigners who wish to gamble. To this end, Jeju, a popular casino destination within the country, is now trying to figure out if in light of a global pandemic, enabling online gambling would make any sense. COVID-19 has impinged on results, and while Macau is now going […]
Sports
June 24, 2022
Pronet Gaming Ready to Ride the Industry Growth Wave in Asia
A few months after its director of sportsbook and trading explained the importance of the African Cup of Nations for stakeholders and one year after announcing its partnership with Vibra Gaming for Latin America, Pronet Gaming is ready for new challenges. The company has announced it is ready to start harnessing the current growth wave […]
Industry
June 23, 2022
Credit Suisse: Macau Recovery Slower than Previously Estimated
Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the investment bank estimates gross gaming revenue in 2024 will only reach 80% of the 2019 level. Mass GGR Recovery Slower than Anticipated Credit Suisse released the forecast in a note Wednesday, stating that the […]
Casino
June 23, 2022
Kyrgyzstan Passes Land and Online Casino Bill for Foreigners
With 59 votes in favor and seven against, the much-anticipated bill on gambling in Kyrgyzstan has been finally passed. While only covering the needs of foreign players at the moment, the new legislation marks a historical decision and gives hope to players in the country that banned gambling in 2012 and 2015. The Bill Passed […]
Casino
June 23, 2022
The Dispute Over Okada Manila Continues in Court
The fight for control over the Okada Manila casino resort continues as the Philippines Supreme Court has issued a court order obliging Japanese billionaire Kazuo Okada to reply to a motion for clarification filed by the parent company of Tiger, Resort Leisure & Entertainment’s (TRLEI). The motion disputes the reinstatement of Okada on the TRLEI […]
Casino
June 23, 2022
New Osaka Committee Seeks Support to Stop IR Project
Some Osaka residents really do not want to see an integrated resort built anywhere near the prefecture or capital city. A new group established by members of Osaka city council, calling itself “No! Osaka IR/Casino,” seems determined to do its utmost and oppose the prefecture’s bid for the multi-billion project that promises to transform the […]
Casino
June 23, 2022
PAGCOR Still Trying to Collect $42.7M from POGOs
The goal of PAGCOR, the Philippines’ gaming regulator, has always been to raise sufficient funds to pour back into various social programs. Now, though, a new audit indicates that the watchdog may have not collected as much as PHP2.33 billion ($42.7 million) from Philippine Offshore Gaming Operators (POGOs) over the past five years. PAGCOR Still […]
Legal
June 22, 2022
South Korea: Dozen Ex-casino Workers Charged in $3.5M Scam
A dozen people, who used to work for a casino in South Korea are facing criminal charges over their involvement in a $3.5 million scam, a new report reveals. Investigation Uncovers $3.5 Million Scam The criminal charges are related to allegations of crimes dating back to 2017. Overall, 12 people, formerly employed by Daegu Casino, […]
