Legal
June 10, 2022
TRLEI’s New Board Denies Forceful Takeover Allegations
Tiger Resort, Leisure and Entertainment Inc’s new board has insisted that the transition of power was peaceful and it denied all allegations that it took control of the Okada Manila operator by force. The Kazuo Okada team added on Thursday that the group was welcomed well and assisted by the security team. TRLEI Stated Last […]
Sports
June 8, 2022
Japanese Government Denies Any Plans for Gambling Reforms
Hagiuda Koichi, Japan’s Minister of Economy, Trade, and Industry held a press conference over rumors of a draft proposal to ease restrictions on sports wagering in the country. He was adamant that there were no planned legislative changes relating to sports betting. This stance was also confirmed by several other government officials and follows the […]
Casino
June 8, 2022
Wynn Macau Management to Take Salary Cut for Shares
Macau is in a state of flux with lawmakers undertaking the most serious industry review to date. Because of that, companies have had to act preemptively and anticipate changes in regulation, altering their business models in some instances, and coming up with coping mechanisms in others. Wynn Macau Creates New Way of Remuneration From reducing […]
Legal
June 7, 2022
Groups Challenge Nagasaki and Osaka’s IR Plans
Civil groups in Japan have challenged their local casino resort policies. However, their concerns might go unheard if their local governments refuse to cooperate. A Group in Osaka Demands a Referendum As reported by GGRAsia, two separate groups in Osaka and Nagasaki have challenged their local integrated resort (IR) proposals. This comes in the wake […]
Casino
June 7, 2022
Macau Satellite Casinos Expected to Remain Operational
Macau satellite casinos have come under a lot of fire, but there is no particular reason for concern argues Macau chief executive Ho Iat Seng who is confident that business will continue as usual for the most part. Ho Iat Seng expects that satellite casinos will not entirely cease operations and that, in fact, many […]
Industry
June 6, 2022
Illegal Wagering on FX Movements Busted by Hanoi Police
Police in Hanoi busted an illegal gambling ring accepting bets on movements in the foreign exchange (FX) market and arrested the man who ran it, according to the report from the Ministry of Public Security last week. Wealth and Luxury Lifestyle The organizer of the gambling ring, 38-year-old Dao Minh Sang, set up three online […]
Casino
June 6, 2022
PAGCOR Denies Harsh Accusations of Bias in the Okada Manila Incident
The Philippine Amusement and Gaming Corp (PAGCOR), which is responsible for regulating the casino industry in the Philippines, has denied harsh accusations from the Universal Entertainment Corp (UEC), a parent company of Leisure and Entertainment Inc (TRLEI), that its position in the dispute regarding the control of the Okada Manila gaming resort is biased in […]
Business
June 6, 2022
Universal Entertainment Accuses Philippines Regulator of Corruption and Abuse of Power
The dispute revolving around the hostile takeover of Okada Manila continues to build up momentum as the Philippine gaming authorities side with Kazuo Okada. Universal Entertainment Corp (UEC) issued a statement condemning PAGCOR for corruption and unjustly favoring one side of the dispute. UEC is the parent company of Okada Manila’s owner, Tiger Resort, Leisure […]
Casino
June 6, 2022
Filipino Man Resorts to Stealing Bicycles to Cover Gambling Debt
The Philippines has been a particularly dynamic gambling market. Yet, gambling addiction has been plaguing some of the less fortunate and the country has somewhat fallen behind in directing payment to these individuals. One such is a 52-year-old man who was arrested after stealing and pawning a bicycle so that he could pay off his […]
Casino
June 3, 2022
Japan Online Casinos to Remain Illegal, Prime Minister Says
Fumio Kishida has doubled down on his stance on online casinos in Japan. The country’s prime minister has stated that these platforms will remain illegal and insisted that all online casino organizations will not be tolerated. Prime minister Kishida’s comments come as a response to Issei Yamagishi’s questions. Yamagishi Claimed That the Number of Online […]
