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, […]
Legal
June 21, 2022
Macau Legislative Assembly Passed New Laws
The Macau Legislative Assembly has finally passed the discussed gambling amendments into the law. Lawmakers almost unanimously agreed on the new laws with just one member disagreeing with a single clause. Members of the Assembly discussed all the changes one more time, addressing each article individually. After that, they got to voting and approved the […]
Legal
June 21, 2022
Macau: Alvin Chau to Face Trial This September, Says Report
Suncity’s former CEO, Alvin Chau, is set to appear in court this autumn along with other suspects, a new report reveals. Former Suncity Boss to Go to Trial This Autumn Allegations against Chau include cross-border gambling, claiming that he organized a network that allowed rich China residents to gamble in Macau, the world’s richest gambling […]
Industry
June 21, 2022
The Philippines Can’t Get Off FATF’s Grey List
Following a meeting that lasted for four days, Paris-based international regulator, the Financial Action Task Force (FATF), has decided to keep the Philippines on its grey list. Despite progress on the anti-money laundering (AML) and combatting the financing of terrorism (CFT) front, the country still has work to do in order to be able to […]
Casino
June 21, 2022
Macau Casino Stocks Fall as COVID Cases Boom
The biggest COVID outbreak to date in Macau, which means new restrictions, social distancing, and a huge amount of testing, resulted in falling casino stocks on June 20. The cases are not that many, amounting to a total of 36, and the casinos are still open but the closure of public services, parks, schools, and […]
Casino
June 20, 2022
Macau’s GGR for June Expected to Nosedive
An uptick in the COVID-19 infections in Macau has forced the entire Special Administrative Region (SAR) to shut down. At the time of writing this, 34 total cases have been reported by the Novel Coronavirus Response and Coordination Centre, Macau’s authority tasked with enforcing the zero COVID policy of mainland China. Casinos Remain Open, But […]
Casino
June 20, 2022
Banks Freeze Okada Manila Accounts amid Takeover
Okada Manila, an iconic integrated resort in the Philippines, has been the subject of a legal battle. Kazuo Okada, the resort’s founder and Tiger Resorts Asia Ltd (TRAL) have been fighting over ownership of the venue. As the quarrel continues, banks have frozen Okada Manila’s bank accounts. Banks Freeze the Resort’s Bank Accounts The announcement […]
Casino
June 20, 2022
37-Year-Old Man in India Takes Own Life over Gambling Debt
A 37-year-old man was found dead in his home in Manali, Himachal Pradesh, India. He committed suicide over gambling debt with his latest online gambling session resulting in a total debt loss of 20 lakh ($25,656). He is the latest victim of gambling-related harm in the country with India currently at crossroads as to how […]
