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Industry
September 12, 2022
Philippines: Banning E-sabong Brings Financial Hardships
Online betting on cockfights or the activity also referred to as e-sabong was incredibly popular in the Philippines. E-sabong helped generate invaluable revenue for different institutions including banks such as the Philippine Business Bank (PBP). However, after information regarding e-sabong-related crimes emerged, the Philippines lawmakers decided to outlaw the activity earlier this year. Now, a […]
Casino
September 12, 2022
Macau Workforce Stats Reveals Fewer Gambling Industry Workers in Q2
Macau’s Statistics and Census Service has noted that the gaming force in Macau has remained fairly unchanged despite a decline in the number of people employed in the sector. The full-time employees in the gaming industry as of the second quarter of the year were down 2,176 to 53,592. The dealers numbered 24,093 down 550 […]
Casino
September 9, 2022
Cambodia’s Human Trafficking and AML Reputation Weigh It Down
Cambodia continues to be an international pariah when it comes to doing business. The country, which once thought it can shrug off criticism about its presence on the Financial Action Task Force’s (FATF) money laundering grey list may finally be wakening up to the fact that its international reputation matters a lot for the long-term […]
Industry
September 9, 2022
Hong Kong Jockey Club Names Michael Lee as Chairman
The Hong Kong Jockey Club, a provider of horse racing, sporting and betting entertainment, has named Michael Lee and Eric Cheung as chairman and deputy chairman respectively. Lee will succeed Philip Chen who worked as chair for the last two years. Several New Members Join the Board Lee will serve as the club’s chairman for the […]
Casino
September 7, 2022
TRAL Regains Control Over Okada Manila Following PAGCOR Order
On September 2, Philippine Amusement and Gaming Corporation (PAGCOR) ordered the group led by Japanese billionaire Kazuo Okada to surrender the Okada Manila Casino Resort back to The Tiger Resort Asia Limited (TRAL), the legal owner of the casino’s operator Tiger Resort, Leisure and Entertainment Inc (TRLEI). TRAL Regains Control Over Okada Manila Following an […]
Industry
September 6, 2022
Macau Continues to Fall Behind as Casino Suppliers Relocate
China’s Covid Zero policy continues to hamper Macau’s post-pandemic recovery. The special administrative region’s gambling market continues to show subpar financial results, and experts are not optimistic about its prospects. This uncertainty has prompted several key casino suppliers to jump ship and relocate to Singapore and the Philippines, where operators have recorded substantially better growth. […]
Industry
September 6, 2022
Bernstein Is Skeptical about Macau’s Recovery
Finance expert Bernstein has once again commented on the situation of Macau’s gambling market. This time, the firm’s analysts discussed the special administrative region’s slight daily revenue growth. Umansky and Yang Don’t Buy the Optimism Vitaly Umansky and Shirley Yang, two finance experts at Bernstein, explained that during September’s first four days, Macau’s gross gaming […]
Casino
September 6, 2022
Japan Casino Commission Seeks More Cash from Government
The Japan Casino Regulatory Commission may be running short of cash, so much, that it seems that the regulator needs the central government to pitch in so the watchdog may carry on. The Commission was established back in 2018 under the late then-Prime Minister Shinzo Abe who was an outspoken proponent of the integrated resort […]
Legal
September 6, 2022
China’s Thai Embassy Warns Nationals Not to Participate in Illegal Gambling
China continues to project regional dominance in matters that involve its citizens who travel to neighboring countries to gamble. On Monday, the Chinese Embassy in Thailand said that it had received pleas from Chinese nationals who were involved in cross-border gambling and who had, as a result, suffered property and safety damages. China Continues to […]
Casino
September 5, 2022
PLC Reports 47% Revenue Increase in H1 2022
Premium Leisure Corp (PLC), an investment holding company that participates in gaming-related businesses, has posted its financial results for the first half of 2022. The results demonstrate a strong post-COVID recovery and show the company’s strengths. PLC Recorded Improved Revenues As reported by PLC, the company earned around $14.69 million (current conversion rates) for the […]
