Friday, May 17, 2024

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Daily Asia Gaming eBrief: Fee reduction to help POGO market revamp – Winn Tech COO

A move in the right direction. Andy Jeon, COO of Winn Tech, believes the lowered fee enhances POGOs' competitiveness against both land-based casinos and the grey market, which often faces lower taxes.

Daily Asia Gaming eBrief: POGO ban wouldn’t cause property market crisis

POGO operators still comprise some 20 percent of the office space transactions in Metro Manila, despite a drop in demand amongst ongoing changes to the online space. Real estate group Colliers notes that there has been "no significant effect on the overall office market".

Daily Asia Gaming eBrief: Forcing POGO closures will impact economy

For lawyer Tonet Quiogue, POGOs have made significant contributions to the Philippine's economy, and authorities should be more focused on enforcing existing laws for the sector, rather than shutting them down.

AMLC revokes third POGO license

The Philippines Anti-Money Laundering Council (AMLC) as of Tuesday has added Smarc Group International, a POGO operator, to its list of uncooperative covered persons.

Torres wants working group to review e-gaming license hike

CNMI Governor Ralph DLG Torres says he is willing to form a working group aimed at coming up with a more reasonable annual license fee hike for e-gaming machines. 

Regulators seek clarity on blurred lines between gaming and gambling

Singapore's Ministry of Home Affairs (MHA) is seeking feedback from the public on proposed amendments to the existing gambling legislation.

Your Daily Asia Gaming eBrief: Lifting the veil on in-game skin betting

Until now, it has been largely unknown how video game “skins,” and the virtual economy in which they are traded have a place in the online gambling world. In our guest piece this week, risk advisory firm Purbrick and Associates explains these interesting phenomena, and what this means for the traditional wagering industry.

CNMI regulator wants to hear from prospective igaming operators

The Commonwealth Casino Commission wants to reach out to online gaming operators who may be potentially interested in investing in the island, should a bill allowing internet gaming come to pass. 

Your Daily Asia Gaming eBrief: Online operators need to encourage RG tools

Analysts from J.P. Morgan believes that Crown is likely to retain its licenses in Victoria and Western Australia, despite the royal commission revealing a number of skeletons in the closet for the casino operator.

Your Daily Asia Gaming eBrief: A Star over the Gold Coast

Star Entertainment has given a vote of confidence to the potential of the Gold Coast’s tourism industry, pressing ahead with plans to build a A$400 million “Tower for Tourism” despite the Covid-19 crisis.