Thursday, May 30, 2024

Dave Greenfield

Dave Greenfield


Singapore gaming authority hires creative agency to help clarify ‘common misconceptions’

The Gambling Regulatory Authority (GRA) of Singapore has officially named AKIN as its creative agency for social media initiatives, as part of efforts to 'clarify gambling regulations and correct common misconceptions'.

Indonesia to revoke permits of ISPs refusing to help in online gambling crackdown

Indonesian Internet Service Providers (ISPs) risk losing their licenses if they fail to comply with efforts to curb illegal online gambling.

Gaming oversight body to discuss Imperial Pacific bankruptcy request and Tinian online gaming license bill

The Commonwealth Casino Commission is scheduled to discuss updates on Imperial Pacific International Chapter 11 bankruptcy petition and a proposal to grant internet gaming licenses on Tinian for up to 20 years, during their meeting on Thursday.

Stricter measures for police officers caught moonlighting after POGO-linked incidents

The Philippine National Police (PNP) chief has announced stricter measures against moonlighting police officers after several incidents involving security forces personnel caught working as security for Philippine Offshore Gaming Operators (POGOs).

Macau ranked as the most satisfying destination for Chinese travelers in 1Q24

A survey conducted by the China Tourism Academy shows that Macau was ranked as the most satisfying destination for outbound travelers from mainland China in the first quarter of 2024.

Punters to maintain or increase gambling budgets in Macau: CLSA

A recent China Reality Research (CRR) survey conducted by investment bank CLSA has shown that travelers still exhibit a high willingness to spend in Macau - including on gambling, despite visitation not yet fully normalizing.

Okada Manila seeking IPO on Philippine Stock Exchange by 2025: Report

According to a report, the company behind Okada Manila, Universal Entertainment Corp, is planning to list the entity on the Philippine Stock Exchange via an Initial Public Offering worth between $500 million and $750 million by 2025.

Two Manila Congressmen seek to eliminate illegal gambling, POGOs

Two Manila Congressmen are pushing to eradicate online and text message gambling, highlighting its detrimental effects on the poor and young due to easy access.

Illicit money exchange in Macau becoming “corporatized and professional”, warns security chief

Illicit money exchange in Macau's casino areas is increasingly becoming "corporatized and professional" in its operations, according to the SAR's security chief.

Chef in Macau IR being investigated for corruption linked to employment contracts

Macau authorities are investigating a corruption case involving an executive chef from a gaming concessionaire's restaurant, who allegedly received nearly $30K from his subordinates over almost three years in exchange for help in receiving or renewing employment contracts.

Macau gaming operators’ EBITDA growth expected to reaccelerate with opex stabilizing: Citigroup 

Following Citigroup’s Macau Gaming Corporate Day, where all six casino operators were hosted, the investment bank maintains a bullish stance on Macau gaming companies' oulook. 

South Korea leads Macau foreign tour groups in early 2024

In the first four months of the year, Macau's tourism sector witnessed a steady influx of visitors, with South Koreans and Thais emerging as the leading foreign tour groups.

Bloomberry Resorts denies expansion to Thailand

Philippine gaming operator Bloomberry Resorts Corporation has issued a clarification note denying news regarding potential expansion plans into the possible future Thai gaming market.

Executive Senate session called to investigate Bamban Mayor’s POGO links

A Philippine Senate Committee will hold an executive session to investigate Bamban Mayor Alice Guo's unexplained assets and potential ties to Philippine Offshore Gaming Operators (POGOs).

World Poker Tour announces cancellation of Macau event

The World Poker Tour’s debut in Macau, originally set for June 18th to 24th, has reportedly been canceled, with the company issuing a statement saying the series ‘will not move forward’.

China’s individual visa policy starts without direct flights to Macau

The inclusion of eight mainland cities into the Individual Visit Scheme (IVS) for visits to Hong Kong and Macau came into effect on Monday, May 27th, however a lack of flight links could hamper visitation.

Philippine Senator Sherwin Gatchalian files bill to ban POGOs

Philippine Senator Sherwin Gatchalian has introduced a bill to ban Philippine Offshore Gaming Operators (POGOs) citing rising criminality linked to the industry.

Kuala Lumpur cops bust call center tied to gambling, love scams

Police in Kuala Lumpur have arrested 12 individuals following a raid on a call center involved in a love scam and online gambling operations in the city.

Philippines likely to exit FATF grey list despite gaming-linked money laundering: Moody’s

The Philippines is likely to exit the “grey list” of the Financial Action Task Force (FATF) soon, despite a high incidence of money laundering, mainly in the gaming sector, says a Moody’s analyst.

Macau casino staff recruited by crime syndicate for cheating scheme, 8 arrested

A criminal syndicate is suspected of recruiting casino employees in Macau to manipulate poker cards, causing specific sequences and outcomes in games.