Saturday, May 11, 2024

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UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO

Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.

Japan’s top law firms assist Osaka IR’s with $3.4B loan from bank consortium

Osaka's integrated resort developer consortium has secured a $3.4 billion loan from a bank consortium, to further the development of the country's first casino.

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".

POGO ban wouldn’t result in property market crisis: Colliers

Despite the ongoing shortfall in demand for office spaces from Philippine Offshore Gaming Operators (POGOs) compared to pre-COVID levels, POGO operators still comprised 20 percent of office space deals in 2023.

Genesis Global has its Malta license canceled

Online gambling operator Genesis Global has had its Malta Gaming Authority (MGA) B2C license cancelled with immediate effect. The move was announced by the regulator on its website and follows the suspension of the company’s license in January of last year. It means the operator can no longer offer any gambling activity under this license.

2023 Macau GGR to persist at 38 percent below pre-pandemic levels: Deutsche Bank

Deutsche Bank estimates that Macau's casino gross gaming revenue (GGR) for 2023 may reach $22.81 billion, marking a 332 percent year-on-year increase. However, even if this estimate is realized, the GGR for this year will still be 38 percent lower than the pre-pandemic levels in 2019.

Pinnacle partners with Shikenso Analytics for analysis of upcoming events

Pinnacle, the renowned online sports betting provider with an impressive 25-year track record of offering unmatched odds and high betting limits, is further solidifying its position in the esports industry. Building upon its success in hosting multiple iterations of its esteemed Tournament Series, the Pinnacle Cup, in popular gaming titles such as Dota 2 and CS:GO, Pinnacle is now entering the next competition of its highly anticipated Pinnacle Cup V.

SIS signs agreement to provide extensive esports offering to Betsson

SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, has agreed a deal with Betsson to supply its esports betting product, Competitive Gaming, to the operator.

Interpol warns of ‘global trafficking crisis’ – highlighting Asia

Interpol has warned of a ‘global trafficking crisis’, highlighting cases in Cambodia, Laos and Myanmar, as well as four other unidentified Asian countries.

Consistency is seen as common issue for Asia online gaming operators: expert

Oppa Asia Co. Ltd.’s managing director has told AGB that the Asian affiliate industry is “less mature than in the US or Europe”, but that "it's slowly getting there”.