Wednesday, February 21, 2024

Harmen Brenninkmeijer

Harmen Brenninkmeijer
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https://innovation.ink/
A member of the Ink Innovation team. Involved in crypto since 2015, we have a management team with significant gaming expertise who recognised the potential for blockchain in the gaming industry. Throughout multiple market cycles, Ink Innovation has worked alongside regulators and delivered market-first solutions across a range of use cases. This spans a suite of gaming-related products including lotteries, payment methods, digital identities and credentialing, and KYC solutions. 

LATEST NEWS

Japanese police arrest operators of online mahjong site

Prefectural Police in Kyoto, Japan, on Monday arrested seven individuals, including one U.S. citizen, suspected of involvement in an illegal mahjong betting website.

Over 18,000 Australians use BetStop tool in first six months

More than 18,000 mostly younger players have made use of the Australian government’s gambling exclusion register, BetStop, in the first six months of its operation.

ASEAN consumer activity to ease amidst economic challenges – S&P

In a recent report titled "ASEAN's Consumer Activity Is Losing Steam," S&P Global Ratings forecasts a gradual slowdown in consumer activity across the ASEAN region in 2024.

Indian Gov’t “bullish” about online gaming – Minister

The Indian government is optimistic about the online gaming sector, with the Prime Minister himself strongly believing that it plays a vital role in the digital economy and warrants encouragement and support, as stated by the country's IT Minister.

Multiple factors delay IPI revocation hearing again

The hearing to determine whether to revoke Imperial Pacific International (CNMI) LLC’s exclusive casino license, originally scheduled for Tuesday, has been postponed again. 

The Star’s share plunges to record low amid Sydney casino probe: report

The Star saw its shares plummet by almost 26 percent to an all-time low on Tuesday, following an announcement by the NSW casino regulator of a second investigation into the company's Sydney casino operations.

Macau February GGR to grow 80% y-o-y to $2.36 billion: JP Morgan

After observing robust Chinese New Year (CNY) casino revenue, analysts from JP Morgan expect Macau's February gross gaming revenue to increase by 80 percent from the previous year to MOP19 billion ($2.36 billion).

MGM gained the most market share in January

MGM China has gained the most market share in January, with its casino share increasing from 17.5 percent in December 2023 to 20 percent in January 2024, according to UBS.

Thai police arrest suspect behind $70 million illegal gambling operation

A Chinese national behind a $70 million gambling website has been arrested and deported by Thai authorities at the request of China.

Australian hotel fined, owner forced to sell business over gambling integrity breaches

The proprietor of a historic Victorian hotel is facing a $52,000 fine and the loss of his business after the VGCCC discovered two integrity breaches.

NagaCorp’s GGR up 16 percent in FY23 to $515 million

NagaCorp has announced that it recorded a 15.5 percent increase in gross gaming revenue (GGR) in 2023, reaching over $515 million.

Macau achieves best-ever performance in premium mass during CNY: Citigroup

Macau witnessed its best-ever performance in the premium mass segment during the Chinese New Year (CNY), with Galaxy Entertainment emerging as the market share winner, according to the Citigroup.

The Star Sydney casino license at risk as second Bell inquiry launched

Australia’s second-largest gaming operator, The Star, is facing a second inquiry into its Star Sydney casino operations, as authorities in New South Wales have opened a new probe into its suitability to hold a casino license in the state.

Macau illegal gambling law draft includes expulsion for infractions

A new legislation proposal for tackling illegal gambling crimes that has been submitted to the Macau SAR Legislative Assembly includes a series of ancillary penalties such as expulsion or prohibition from entering the city.

Macau CNY Golden Week visitation fully recovered to 2019 levels

Macau received 1.52 million visitors from the 9th to the 18th, while all the city’s checkpoints recorded over 5.8 million border crossings.

The Star reaches agreement with NSW authorities on tax rates: jobs and cashless trial

Australian gaming operator The Star has inked an agreement with authorities in New South Wales for revised tax rates, requiring both a jobs guarantee at its Sydney casino and a cashless and carded play trial.

Sri Lanka parliament questions delay in establishing gaming regulator

The Sri Lanka Parliament's Committee on Public Finance (COPF) has expressed concern over the delay in establishing a regulatory body for the gaming industry, as per a statement released.

North Korea accused of building malware-gambling websites

South Korea’s National Intelligence Service has unveiled that North Korea's clandestine IT department is the mastermind behind a slew of domestic cyber gambling platforms.

Main Nepal casinos failed to pay $1.3 mln in taxes

Government records have uncovered financial irregularities among three leading casinos in Nepal – Central Media, Ratna Services, and Venue Creation – collectively failing to meet their fiscal obligations by over Rs 110 million ($1.3 million) this year.

188BET moves its license and operations from Europe to the Philippines

Online gambling giant 188BET is shutting down its Isle of Man operations and moving its license back under the jurisdiction of the Philippines.

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