16, Feb, 2017

Macau Legend has big plans for Laos after its $42 million purchase of Savan Vegas, but the Laos market remains volatile and somewhat hostile to foreign investment.

Laos hit the headlines last year when the government put Savan Vegas out for bids having seized the resort from its foreign owners, Sanum Investments, over alleged tax liabilities. The sale generated interest from six buyers, including Macau junket promoter Iao Kun Group and casino operator Macau Legend.

12, Feb, 2017

While Vietnamese citizens will be able to gamble at certain domestic casinos come mid-March, proving they meet the minimum income requirement will be difficult for some.

12, Feb, 2017

Gaming establishments in Cambodia will likely be subject to a tax rate in the “mid single digits” once the regulatory and tax bill comes into place.

09, Feb, 2017

Hong Kong-listed NagaCorp posted a 7 percent year-on-year increase in net profit for the full-year ended Dec. 31, 2016. According to a filing to the Hong Kong Stock Exchange on Wednesday, net profit for the year came in at US$184.2 million, attributed to “better cost control and the 2016 EGM Fee”.

08, Feb, 2017

Vietnam’s latest decree allowing its citizens to place bets on international sporting events could cut into Cambodian casino revenues, a government official said on Monday.

06, Feb, 2017

Under the regulations, which were finally published in January, locals will be able to pay an entrance fee of about $45 to enter certain designated casinos.

The rules omit specific earlier references to the resorts of Phu Quoc Island in the south and Van Don in the north. This has led some to speculate the Grand Ho Tram will also be part of the pilot program, though this is unclear.

The long-awaited measures are expected to help spur foreign investment in the tourism center.

06, Feb, 2017

The military government, under Prime Minister Prayut Chan-o-cha, promised to overhaul the lottery to break the power of powerful distribution syndicates, known as the Five Tigers, and bring down ticket prices.

Retail prices are nominally 80 baht ($2.22) for a pair of tickets, but the syndicates and other organizations buy tickets through a quota system, which has led to price mark ups of up to 50 percent for popular digits.

06, Feb, 2017

NagaCorp, which operates the NagaWorld casino, is scheduled to open its second phase this year, adding about 1,000 extra hotel rooms, with about 250 to 300 more gaming tables and 1,000 electronic gaming machines. The expansion will effectively double the number of tables and also add significant new retail space. According to a report from SWS Research, management expects about 1,000 footfalls a day.

06, Feb, 2017

Vietnamese punters will finally be able to place wagers on international football matches from the end of March as a result of a new decree release by the government on Friday.

02, Feb, 2017

Gaming addiction is viewed as a major challenge across Asia, with growing access to online and mobile gaming raising the risk for problem behaviour, researchers say.

Concern over problem gambling is often cited as a key reason why regional governments ban access to casinos for their residents and how to effectively tackle the issue may play a role in shaping future legislation.

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