Tuesday, April 16, 2024

India gaming sector holds immense potential if regulatory and taxation hurdles are overcome – Consultant

Gaming expert William Bonar has emphasized the potential of India's gaming industry, but warns of regulatory challenges and legal complexities hindering growth. Despite the challenges, the consultant remains optimistic, drawing parallels to Macau’s original potential as seen in the early 2000s.

Lower licensing fee enhances competitiveness of POGOs, says COO of Winn Tech

A lower licensing fee for Philippine offshore gaming operators (POGOs) operations is seen as a mutually beneficial act for both operators and regulators.
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Focus on VIP/premium and non-gaming making Newport World Resorts the go-to IR

The first integrated resort in Manila, Newport World Resorts has reached a certain level of maturity, underlined by now being under a single umbrella group. Hakan Dagtas, COO of the IR, says that 2023 was the best results year for the property since its opening, and the group is planning to heavily invest in being a non-gaming attraction.

Technology is the key to standardizing regulations in the gaming industry: Sumsub

Technology has become key in standardizing regulations in the gaming industry. A top industry expert notes that KYC and AML are now integral for operators, requiring a new approach, as different threats and opportunities appear.
Thailand, Chao Phraya River, Thai, casino, entertainment

Thai casinos could generate over $5B in revenue per year, says...

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Maybank Securities forecasts that Thai entertainment complexes (ECs) featuring casinos could yield approximately THB 187 billion ($5.14 billion) in annual revenue, equivalent to roughly 1 percent of Thailand's GDP.
TNT concerts MICE Galaxy Macau

Non-gaming investment requirements for gaming operators already reshaping Macau: pundits 

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The non-gaming investment requirements for Macau gaming concessionaires are already reshaping the Special Administrative Region, according to industry experts interviewed by AGB.
Crown Resorts Melbourne

VGCCC rules Crown Resorts can keep its Melbourne casino license

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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, Casino Filipino, Online gaming platform

PAGCOR expecting 2024 GGR to grow 18% YoY

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The Philippine Amusement and Gaming Corporation (PAGCOR) is anticipating gross gaming revenues (GGR) in 2024 to reach PHP336.38 billion ($5.9 billion).
ASEAN Gaming Summit 2024 draws record number of participants

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.
Thailand

Thai parliamentary casino committee completes draft bill with 17% casino tax proposal

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Thailand's push towards legalizing casinos took a significant step forward with the completion of a draft bill by a parliamentary committee. The legislation, analyzed by Daniel Cheng, aims at establishing a framework for integrated entertainment complexes featuring casinos, and will be read in the House of Representatives later this month.
AI, leading CRM for iGaming, Fast Track, Simon Lidzén

Utilizing AI to be the leading CRM for iGaming: Fast Track’s Simon Lidzén

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Fast Track's CEO Simon Lidzén explains the massive advantages of AI for the iGaming industry, and the group's lazer focus on the segment, leveraging their CRM to be the best in the business.
Anjouan Gambling License Licence

Will Anjouan’s bet to be the new Curacao pay off?

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Online gambling licensing jurisdictions catering to operators targeting pre-regulated markets are undergoing a period of change. Can the island of Anjouan become a new industry favorite?
CNY Macau

March GGR recovery forecast at 71-75% as market cools after CNY: Macquarie 

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The Macau gaming industry is experiencing a predicted cooldown after the Chinese New Year, as March’s gross gaming revenue (GGR) is expected to be 71-75 percent of 2019 levels.
Intelligence

Use of influencers in gambling ads with significant impact in young players risk perception...

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Celebrities and social media influencers are increasingly used by the gambling industry in a wide range of promotions, a strategy that has had an impact in the attitudes, risk perceptions, and consumption intentions of young gamblers, a recent research paper shows.
Intelligence

PAGCOR Chairman Tengco, Bloomberry COO Arasi, headline speakers at ASEAN Gaming Summit 2024

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PAGCOR Chairman Alejandro H. Tengco and Thomas Arasi - President and Chief Operating Officer, Bloomberry Resorts Corp., headline a stellar speaker lineup at the 6th edition of the ASEAN Gaming Summit on 19th-21st March 2024.Â