Wednesday, December 4, 2024

Joji Kokuryo

Joji Kokuryo
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https://bcv-ltd.com/
Joji Kokuryo is the Japan-based managing partner of Bay City Ventures.

LATEST NEWS

Industry stakeholders call for hybrid approach amid NSW’s Gov’t push for digital payment gaming model

An independent panel established by the New South Wales government has released a comprehensive roadmap to reform the state’s gaming sector, recommending that a statewide account-based gaming system should become mandatory by 2028.

Philippines unlikely to achieve tourist target, with only 5M visitors in 11 months

According to data from the Department of Tourism (DOT), the Philippines welcomed nearly 5 million international visitors between January and November, making it unlikely that the country will meet its target of 7.7 million international arrivals for 2024.

Hengqin approves 5 hotel projects converted from office buildings

Hengqin authorities have approved five applications to convert office or commercial buildings into hotels.

VGCCC fines hotel operator $65K for providing false information on application

Australia’s crackdown on operators continues, with Goulburn Valley Hotel the latest focus of its investigations, leveling a $65,000 fine for ‘providing false information’.

Paradise Co. sees a 31.3% increase in casino revenue YoY in November

South Korean foreigner-only casino operator Paradise Co. reported a rise in casino revenue to $51.3 million in November, a 31.3 percent yearly increase.

Malaysia amending communications law to address online gambling

Malaysia’s Communication Minister has tabled a bill to amend the country’s 1998 Communications and Multimedia Act, to address issues including online gambling, scams, cyberbullying and other issues.

Macau launches new light rail connection to Hengqin Port, encouraging tourist visitation

Macau is further improving its infrastructure connections to mainland China, with the new Light Rail Transport (LRT) system linking Macau to the neighboring Hengqin commencing operations on Monday.

Kangwon Land investing $128M in building new casino

Kangwon Land, Korea’s only casino accepting local patrons, has announced that it is planning to invest some $128 million to construct a ‘second casino business site’, as part of its KRW2.5 trillion ($1.78 billion) new development plan.

Jeju Dream Tower casino sales increase 45.5% YoY in November 

Casino net revenue at Jeju Dream Tower rose by 45.5 percent year-on-year in November, reaching $18.6 million. Month-on-month, casino sales increased by 7.8 percent.

VGCCC CEO Annette Kimmitt to retire in March, praises change made during tenure

The CEO of the Victorian Gambling and Casino Control Commission (VGCCC) is going to be retiring despite two years left in her term.

Vietnam’s new upcoming regulations tighten restrictions on online gaming

Vietnam has a special surprise in store for Christmas: Decree 147, a new internet regulation which is set to tighten restrictions on online gaming and card-based games.

Macau’s growth backed by Chinese government, defying fears of policy tightening: GS

Further relaxation of travel policies for mainland Chinese visiting Macau signals the ‘Chinese government’s ongoing support for Macau’s economic and non-gaming development’, alongside closer integration with the rest of the Greater Bay Area.

Prudent outlook on Macau’s December GGR amid visit of top Chinese officials

Citigroup has issued a conservative forecast for Macau's December 2024 gross gaming revenue (GGR), projecting a flat year-on-year performance at $2.3 billion. 

Star Entertainment officially appoints Steve McCann as the new CEO

The Star Entertainment Group has announced the official appointment of Steve McCann as the Group's Chief Executive Officer and Managing Director, following the receipt of all necessary regulatory approvals.

China eases Macau travel for residents of neighboring cities

The Chinese central government has approved new measures to further ease travel rules for residents of Zhuhai and Hengqin coming to Macau.

Curacao’s Gaming Control Board responds to accusations, but questions remain

Curacao’s Gaming Control Board (GCB) has issued a statement addressing recent allegations surrounding the island’s gaming licensing system and operator BC.GAME.

DICJ chief appointed as Macau Customs Commissioner in new government

China’s State Council has announced the list of principal officials for Macau’s incoming government.

Macau’s November GGR reaches $2.31B, down 11.3% M-o-M

Macau’s gross gaming revenue (GGR) amounted to MOP18.4 billion ($2.31 billion) in November, reflecting an 11.3 percent decrease from October’s MOP20.8 billion ($2.60 billion).

Top court of Macau sustains prison sentence for boss of former Tak Chun junket group

The Macau SAR Court of Final Appeal has issued a decisive ruling regarding the appeal filed by the defendants in the Tak Chun Group case, maintaining the 13-year prison sentence for Levo Chan, the former president of the VIP gaming junket.

PDEA unveils deep links between POGOs and drug syndicates in house probe

The Philippine Drug Enforcement Agency (PDEA) has revealed an intricate network of criminal activities allegedly connecting Philippine Offshore Gaming Operators (POGOs) to drug syndicates, money laundering schemes, and fraudulent corporate activities.

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