Latest Intelligence is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. AGB relies on an extensive network of regional advisors and contributors to ensure that the published content is real, topical and based on fact.

27, Mar 2015
Macau Chief Executive Fernando Chui Sai On sent a clear message to the casino industry in the first policy address of his second term in office this week - the government is no longer just paying lip service to diversifying the economy away from gambling. The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for 85 percent of its income. However, after nine straight months of declining revenue...
27, Mar 2015
Malaysia’s gaming industry is expected to report weaker earnings this year as the country’s first ever Goods and Services Tax comes into effect from April 1st, crimping revenue at a time of weakening consumer sentiment. The tax has been under consideration by the government for close to a decade and was finally confirmed last October by Prime Minister cum Finance Minister Najib Abdul Razak. The rate was set at six percent. Berjaya Sports Toto and Magnum -- two numbers forecast operators (NFOs...
20, Mar 2015
The Hong Kong Jockey Club’s first year of commingling its multi-billion dollar pools with overseas totalizator companies has exceeded expectations and looks set for further expansion. Overseas totalizator companies, which have long-admired the HKJC’s massive liquidity, now have the chance to bet into their pools for the first time after the club began commingling in April last year.   Strictly speaking, there’s nothing new about “commingling”, two totalizator operators sharing a common pool on...
20, Mar 2015
iGaming Congress 2015 round up by Jorge Godinho*   The English Premier League continues to dominate the booming Asia sports betting market, helped by the fact that games are shown widely across the region and played in Asian prime time, however the Spanish league is gaining in popularity, the iGaming Asia conference heard last week. The iGaming Asia Congress, organized by Beacon, is a regular feature of the busy conference scene in Macau and this year’s event took place on March 17-19 at Melco...
13, Mar 2015
As the first quarter comes to a close, there seems to be little reprieve for Macau’s battered casino stocks, with analysts continuing to cut estimates on the back of weak Chinese New Year revenue and an ongoing stream of negative news. Although the February fall in gross gaming revenue was the worst on record at almost 49 percent, it wasn’t as bad as some had been expecting. Still the consensus is that the market has not reached a bottom as yet. Comments from both analysts and...
13, Mar 2015
The November opening of Solaire Resort and Casino’s new $450 million Phase 1A expansion, including its centrepiece Sky Tower, crowned an impressive year for the first integrated resort in Manila’s Entertainment City. Less than two years after launch in March 2013, it has become the largest casino in the country with a share of 29.4 percent, according to Citigroup research. But with Melco Crown Entertainment’s City of Dreams now up and running and two more integrated resorts...
9, Mar 2015
China’s clampdown on online lottery sales is likely to have a significant impact on the country’s booming lottery market in the short term, but shouldn’t be read as a signal that Beijing is seeking to permanently shut down remote lottery distribution, experts say. E-commerce giant Alibaba on Tuesday said it was suspending sales of online lottery tickets in China, following in the footsteps of New York Stock Exchange-listed online lottery company 500.com, Tencent and others. Although estimates...
7, Mar 2015
Many Japanese lawmakers are optimistic that a bill that would create the framework to legalize casinos in Japan will be passed this year, but agree that a major obstacle may still be the cautious stance of key coalition member the Komeito Party. The administration of Prime Minister Shinzo Abe has already announced its support of the concept as a means to stimulate growth in the Japanese economy. The drafting of the bill is said to be at an advanced stage. The lawmakers consulted by AGB...

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