Tuesday, December 3, 2024

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Daily Asia Gaming eBrief: What’s in Macau’s new Law on Illegal Gambling Activities?

Macau is further strengthening its oversight of gaming, and increasing penalties for offenses, as the new Law on Illegal Gambling Activities came into effect today. Check out what's changed and what questions still remain. In UAE news, Wynn Al Marjan Island is on course to open in the first quarter of 2027, as the race to the emirates heats up. And in the Philippines, human trafficking charges have been filed against former Presidential Spokesperson Harry Roque Jr. due to alleged links to a POGO operation.

Moody’s assigns stable outlook for Genting, citing performance stability

Diversified gaming operations and strength in Singapore and Malaysia lead Moody's Ratings to give Genting a stable outlook.

Daily Asia Gaming eBrief: Illegal betting in India threat to national security

Not only illegal, but a threat to national security. That's what the authors of a recent whitepaper say about illegal gambling in India, concerned not only about the outflow of billions of dollars to offshore accounts, but the vulnerability of users of betting apps, who are signing up for more than they bargained for.

MGM planning major expansion of Macau IRs beyond casino floors: Report

MGM China Holdings is potentially planning a major expansion of its resort properties in Macau as it seeks to diversify beyond traditional casino operations and cater to the growing mass-market tourist segment.

Daily Asia Gaming eBrief: Higher minimum wagers linked to increased debt in Macau punters

 The higher the risk, the higher the price. Such were the findings of a recent study which found that Macau punters who sought help for problem gambling had significantly higher levels of debt than those in comparable regions, correlated with higher minimum wagers.

MGM China to issue $500M in new debt financing: Moody’s

MGM China, a majority-owned subsidiary of MGM Resorts International, will issue $500 million in new senior unsecured notes, rating agency Moody's Ratings stated.

PAGCOR Chair: new lowered 30% eGames tax rate in 2025 to boost investment

The head of the Philippines’ gaming regulator (PAGCOR) is following through on the promise to further lower taxation rates for the growing eGames sector, noting that a new 30 percent rate would come into effect by January 1st of 2025 and serve to boost investment in the country’s gaming sector.

Daily Asia Gaming eBrief: Shifting demographics require updating gameplay

Younger punters are looking for a different experience than the older, traditional slot-oriented demographic, with operators and suppliers both looking to maximize engagement with a group that mostly grew up online.

Moody’s raises NagaCorp outlook to stable due to liquidity improvement

The rating agency Moody’s has raised Cambodian gaming operator NagaCorp’s outlook from negative to stable, citing liquidity improvements.

Daily Asia Gaming eBrief: AI is transforming the casino industry

The world is buzzing about AI, and the casino industry has been quick to explore its possibilities, with both companies and players standing to benefit from the vast potential it holds.

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