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Frank Schuengel

Frank Schuengel
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Frank Schuengel is an online gambling industry veteran with over twenty years of experience in Europe and Asia. Equally at home in the Isle of Man and the Philippines, he started his career as a sports trader before setting up and running whole operations, and more recently focusing on the regulatory and licensing side of things in the worlds of fiat and crypto eGaming. When he is not writing about gambling topics, he can be found cycling around Manila and advocating sustainable transport solutions for a Philippines based mobility magazine.

LATEST NEWS

Ainsworth expecting flat results in 1H25, despite improvements in Australia

Australian gaming machine manufacturer Ainsworth Game Technology is expecting to see relatively flat profit before tax for the first half of 2025, amounting to approximately $8.9 million.

Philippines’ money laundering watchdog to investigate junkets over ransom paid for kidnapping of slain businessman

The Philippines Anti-Money Laundering Council (ALMC) has announced that it is investigating alleged money laundering linked to the ransom paid for the kidnapping of slain businessman Anson Que.

HKJC aims to become ‘global sports entertainment brand’

The Hong Kong Jockey Club (HKJC) says that it plans to become a ‘global sports entertainment brand’, showcasing the city as a ‘center for global exchange, connectivity and tourism’.

Sega Sammy reports record-high results in gaming and hospitality biz for fiscal year

Japanese gaming giant Sega Sammy Holdings Inc. has reported record performance in its gaming and hospitality business for the fiscal year ended March 31st, 2025, driven by strong results from its Paradise City casino resort venture in South Korea.

Paradise Co reports strong 1Q25 earnings despite decline in casino drop

South Korea's Paradise Co. posted strong 1Q25 results, with revenue up 7% yearly to $199 million and operating profit rising 18.3% to $40 million.

US-backed Macau operators can breathe easier after temporary tariff reductions between US and China

A temporary reduction on US-China tariffs has been announced, possibly lowering the chance Macau gaming operators could be used as a pressure point, but questions remain.

Macau Monetary Authority, gaming watchdog unconcerned over possible satellite casino closures

Macau's monetary authority and gaming watchdog show little worry about the potential impact of the possible closure of satellite casinos by the end of the year.

Melco strengthens position in Macau with 15.8% market share in 1Q25: Seaport

Melco Resorts & Entertainment has reported stronger-than-expected 1Q25 results, demonstrating significant market share gains in Macau while simultaneously reducing operational expenses.

Resurgence in Asian Poker? APT indicates “huge demand” for tournaments

Poker has undergone various starts and stops within Asia but it now appears to be on a continuing upward trend, with the Asian Poker Tour (APT) highlighting a breakout event in Taipei recently where it has “truly found a home”.

Former PAGCOR Chairman Genuino and four co-accused sentenced to over 100 years jail time

The former Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), and four other top officials have been sentenced to over 100 years in prison over graft and alleged misuse of agency funds.

US-China tariff spat raised by HK&Macau Affairs Office head during visit

The head of the Hong Kong and Macau Affairs Office has discussed the impact of the US-China trade dispute with Macau officials, attempting to assuage concerns but pushing for diversification away from gaming.

Macau junket rep hopes for regulatory clarity under new DICJ leadership

Macau’s junket industry is calling for greater clarity and fairness in regulations as the city welcomes a new head of its gaming regulatory body.

Donaco faces delays in takeover process, navigates uncertainty over Cambodian casino tax

Australian-listed casino operator Donaco International Ltd is facing a delay in the implementation of its proposed acquisition by On Nut Road Limited (ONR), as well as growing uncertainty over its tax obligations in Cambodia.

Cebu authorities arrest 11 with some $9M in cash, claiming to be junket players

Authorities in Cebu have arrested 11 people at the international airport after being found with cash amounting to nearly half a billion pesos ($9 million).

AGEM Index rose by 7.8% m-o-m in March, up 57.1% yearly

The AGEM Index saw a significant rise in April, up by 7.8 percent compared to March. The Index saw healthy growth of 57.1 percent compared to April 2024.

Melco continues recovery as net income rises to $32.5M in 1Q25

Melco saw a significant rise in income for 1Q25, boosted by the recovery in Macau and its improving global footprint.

Galaxy Entertainment reports 6% revenue growth in strong 1Q25

Galaxy Entertainment reports 6% revenue growth and 16% EBITDA gain in 1Q25, while unveiling its 10th hotel brand, Capella.

Light & Wonder marks 16th consecutive quarterly rise in consolidated revenue

Gaming equipment and services group Light & Wonder marked its 16th consecutive quarter of yearly consolidated revenue growth in 1Q25, as it saw 30 percent growth in North American unit shipments and maintained its top ship share spot in Australia.

Macau Golden Week GGR up by 10%, beating out expectations: Vitaly Umansky

Macau’s May Golden Week surprised operators and analysts alike, with gross gaming revenue (GGR) up by approximately 10 percent yearly, as visitation topped 40 percent, pushing up estimates for May.

Galaxy Chairman addresses Macau’s needs to adjust to non-gaming focus

Galaxy Entertainment Group’s Chairman Francis Lui says that Macau needs to address its growing pains as it doubles down on a mass market model, in order to not lose its competitive edge.

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