Thursday, March 28, 2024
00:15:26

PAGCOR excited about growth in eGaming segment

PAGCOR’s Chairman and CEO, Alejandro H. Tengco, says that he’s most excited about the growth in the eGaming sector in the Philippines, with expectations that gross gaming revenue generated from the segment could even top that of its land-based casinos. The official also laid out the sale plans for Casino Filipino, saying they haven’t yet settled on a final price.

Cambodia bets big on tourism despite yet having visa-free policy with China: Insider

Tourism is a “major focus” of Cambodia under the new leadership of the country’s Prime Minister Hun Manet, as the Southeast Asian country has “set up many initiatives to attract Chinese, not just Chinese tourism, but in general, all tourism to Cambodia,” notes gaming expert Daniel Li in an interview with AGB.

VGCCC rules Crown Resorts can keep its Melbourne casino license

Gaming regulators in the Australian state of Victoria have ruled that Crown Resorts is suitable to continue to operate its Melbourne casino, following years of debate over AML breaches.

PAGCOR expecting 2024 GGR to grow 18% YoY

The Philippine Amusement and Gaming Corporation (PAGCOR) is anticipating gross gaming revenues (GGR) in 2024 to reach PHP336.38 billion ($5.9 billion).
Intelligence

ASEAN Gaming Summit 2024 attracts unprecedented number of participants

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Organized by Asia Gaming Brief, the ASEAN Gaming Summit 2024 concluded yesterday in Manila, Philippines, after a three-day event that welcomed nearly 1,600 attendees, setting a new record.
Intelligence

Philippines to become second largest ASEAN gaming market – PAGCOR Chairman

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Privatisation and regulatory reforms should position the Philippines as one of the most "attractive gaming jurisdictions, not only in Southeast Asia region, but in the Asian Pacific sphere in in the near and middle term, only surpassed by Macau, Alejandro H Tengco, Chairman and CEO of PAGCOR said today.
Dowinn Group, from junkets to IRs, potential in the Philippines, Lorraine Koo

Dowinn Group: from junkets to IRs, potential in the Philippines

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The Philippines offers an exciting landscape, as operators thrive amongst a solid regulatory framework. Lorraine Koo, Corporate Chief Operating Officer for Dowinn Group explains how the company is expanding its roots beyond a junket base into IRs, the shifting focus on clientele – from Chinese to Korean, and the company’s evolving role.
Pronet Gaming aims for Asian expansion, as it leverages the benefits of the ASEAN Gaming Summit

Pronet Gaming keen on the Philippines: CEO Alex Leese

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Pronet Gaming's CEO is bullish on the Philippines, as the country provides the opportunities and talent pool best suited for its Asian expansion. Alex Leese says the group is actively recruiting in the region, and aims to use the ASEAN Gaming Summit as a springboard for its regional efforts, leveraging the panels and networking opportunities of the unique event.
Cambodia

Under the Scope: Cambodia tightens its regulatory belt, aims to appease China

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Cambodia's leadership is planning to halt the expansion of gambling within the country, but all is not lost. Gaming expert Ben Lee points out how the nation's regulatory changes could take it to the next level.
India Gambling Tax Estimate 2024

Regulatory hurdles and unclear legal framework hinder India’s gaming sector growth – Analyst

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India's gaming industry holds immense promise, but navigating regulatory hurdles and addressing tax implications are critical for sustained growth, gaming consultant Sudhir Kalé said in an interview with AGB.
City of Dreams Macau, Melco Resorts & Entertainment

Melco Resorts with 224% bump in operating revenues during 4Q23

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Gaming operator Melco Resorts & Entertainment witnessed a substantial increase in total operating revenues during the fourth quarter of 2023, reaching $1.09 billion. 
NagaCorp in gradual recovery phase, Timothy McNally

NagaCorp in gradual recovery phase: Timothy McNally

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Despite 2023 falling slightly short of expectations, the Chairman of NagaCorp says that the company is in a gradual recovery after COVID. Both VIP and mass have returned and as the number of flights increases, so should foot fall.
Andaz Macau, Galaxy Entertainment, Macau

Galaxy results impress, with almost $358M in EBITDA in 4Q23

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Galaxy Entertainment Group (GEG) has announced strong financial results for the fourth quarter and full year 2023, which allowed for the group to advance with dividend distribution.
Manila, Philippines

Under the Scope: FATF, junkets, STRs, financiers and workarounds

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The Philippines and Vietnam remain on the Financial Action Task Force’s grey list, the only two Asian gaming jurisdictions so defined. In this week’s Under the Scope, gaming expert Ben Lee looks at the differences between each country’s strategy, the impositions they’re facing, and business and political sentiment towards their continued oversight by the financial watchdog.
Online casino, Money Laundering, underground Banking, Asia, , Online Gaming, Illegal

Southeast Asia illegal online gaming and scam industries booming since mid-2010s: Monitoring group

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Southeast Asia illegal online gaming and scam industries have been growing since at least 2010, but expansion in the Philippines, Cambodia, Myanmar and Laos was rapid from the mid-2010s, Cyber Scam Monitor (CSM), an independent monitoring group, told AGB.
Malaysia, kuala Lumpur, Visa-free

Visa-free and historical low ringgit drive Malaysia to outperform: Tradeview Capital CEO

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Malaysia's tourism market is highly expected to outperform this year among ASEAN competitors, says Tradeview Capital Sdn Bhd CEO Ng Zhu Hann.