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Industry
May 4, 2022
Philippines Pulls the Plug on E-Sabong with Presidential Approval
The Philippines has had a fraught relationship with e-sabong or online cockfighting which peaked during the pandemic and has been the source of many social ills ever since. Regardless of the infamous cases of kidnappings and some 36 people disappearing over the past year, authorities have been somewhat lackadaisical in their response and Philippines president […]
Legal
May 3, 2022
Golden Crown Casino in Daegu Investigated for Fraudulent Operations
Golden Crown Daegu Casino is being investigated by South Korean authorities on suspicion of manipulating games and defrauding its customers, according to local media website Breaknews. Casino License under Threat Golden Crown Casino at Hotel Inter-Burgo in Daegu Metropolitan City, the third-largest urban agglomeration in Korea after Seoul and Busan with over 2.5 million residents, […]
Casino
May 3, 2022
MGM China Reports 9% Revenue Drop in 1Q2022 Due to Travel Restrictions
The top developer and operator of gaming venues and resorts in the Greater China region MGM China Holdings Limited (MGM China) have reported its Q122 results. According to data provided by its parent company MGM Resorts International, MGM China recorded a revenue of $268 million in the first quarter of the year that ended on […]
Casino
May 3, 2022
MGM Aims to Commence Work on the Osaka IR in 2023 If Given the Green Light
MGM Resorts International has set a planned date for the foundation work of its casino resort in Osaka, Japan. According to the chief executive and president of the company, Bill Hornbuckle, if Japanese authorities give MGM the green light, work is set to commence at the end of 2023. The Resort Will Likely Open at […]
Industry
May 2, 2022
PAGCOR Q1 2022 Gaming Operations Income Down 66%
Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
Industry
May 2, 2022
Gross Gaming Revenue in Macau Hits Rock Bottom in April
April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
Casino
May 2, 2022
Las Vegas Sands Wins First Battle Against Ex-Macau Partner AAEC
Originally initiated in 2007 in Nevada and later on dismissed in 2010 on grounds of the plaintiff failing to prosecute the case, the long legal battle between American gaming company Las Vegas Sands Corp (LVS) and former Macau partner Asian American Entertainment Corp Ltd (AAEC) has finally reached a conclusion. According to the Macau Court […]
Casino
May 2, 2022
Donaco International Ltd Set to Reopen Star Vegas in Cambodia
Donaco International Ltd has announced that it will continue its operations at Star Vegas as it awaits final approval from the government of Cambodia. Star Vegas is located in the vicinity of the border with Thailand, in a city called Poipet. Star Vegas Closed Its Doors in April 2021 After reporting losses of AU$530,000 ($373,000) […]
Casino
May 2, 2022
Indian Man Ends Life over $46,000 Gambling Debt
A 39-year-old man in Chennai, India has ended his life over a gambling addiction that has grown so severe that it forced him to desperate lengths. P Prabhu of Vigneshwara Nagar amassed a crushing debt to the tune of INR3.5 million ($45,788) which left the man, who used to work at MNC and was earning […]
Sports
May 2, 2022
Thai Party Wants to See Gambling Legalized in the Country
Thailand wants to see its gambling industry expanded or, at least, this is what the Kla Party wants to achieve over the coming months. According to the party, there is a good reason to want and legalize gambling in the country. First and foremost, it would prove a vital lifeline for the economy and will […]
