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Kelsey Wilhelm

Kelsey Wilhelm
857 POSTS0 COMMENTS
https://agbrief.com
Kelsey Wilhelm is a print and broadcast journalist and editor. Based in Asia for over 20 years, he saw the birth of Macau's rampantly successful gaming industry, propelling him into the world of casinos. Now focusing on all markets throughout Asia, he embraces new technologies and trends, from sports betting to online gaming – always seeking the new frontier.
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LATEST NEWS

South Korea

Shin Hwa World raises $4.5 mln through share placement

Nelson Moura -
Shin Hwa World Limited announced the successful completion of its share placement under a general mandate, raising $4.5 million in net proceeds.
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Macau

MGM China sues actor for $180k gambling debt: Report

Viviana Chan -
MGM China takes legal action against actor Jacky Heung over $180K gambling debt dating back to a December 2024 chip loan.
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Macau

Macau July GGR y-o-y growth expected to reach 12–18%: HSBC

Viviana Chan -
Macau’s July GGR is projected to rise 12–18% YoY, driven by mass gaming, with little disruption from ongoing crime crackdown.
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Thailand

Thailand pushes back tourist entry fee to 2026 over market concerns

Viviana Chan -
Thailand delays tourist entry fee to 2026, citing ongoing external uncertainties and the need to assess international tourist demand.
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Macau

Macau Legend aims at share consolidation, potentially planning to raise funds through further issuance

Kelsey Wilhelm -
Satellite casino operator Macau Legend is moving forward with plans for a share consolidation, despite concerns over its viability due to the upcoming closure of its casino operations in the gaming hub by the end of the year.
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Philippines

Okada Manila 2Q25 GGR down by 19% yearly, to $125M

Kelsey Wilhelm -
Okada Manila operator Tiger Resort, Leisure and Entertainment (TRLEI) saw a 19.63 percent drop in its 2Q25 gross gaming revenue results, falling to $125.3 million, with drops in VIP, mass table games and gaming machine revenue.
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Philippines

Philippines Central Bank targets online gambling transactions

Viviana Chan -
The Philippines Central Bank proposes strict controls on online gambling payments, banning links, setting daily limits, and enforcing ID checks.
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Australia

Australia’s Reef Casino announces takeover bid for $116M by Iris

Kelsey Wilhelm -
Australia’s Reef Casino operator has announced that it has entered into a takeover bid agreement with Iris Cairns Property worth some $116 million.
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Philippines

Emerald Bay developer seeks equity conversion to resolve $8.7M negative position

Viviana Chan -
PH Resorts seeks equity swap to fix deficit, converting $70 million in advances into shares after missing Emerald Bay buyback.
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Philippines

Solaire, Newport, and Okada reaffirm responsible gaming amid online gambling scrutiny

Viviana Chan -
Three of the Philippines' largest integrated resort operators have issued a joint statement reaffirming their commitment to responsible gaming practices, as the country intensifies scrutiny of online gambling platforms.
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South Korea

Korea’s casino stocks jump on visa-free policy for Chinese tourists

Viviana Chan -
Korea’s casinos gain momentum on visa-free policy for Chinese group tourists, with stocks surging across the sector.
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Philippines

PAGCOR flags surge in illegal online gambling via social media platforms

Frank Schuengel -
The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a public warning over the proliferation of illegal online gambling operations being livestreamed on social media platforms such as Facebook.
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UAE

Wynn Al Marjan Island to feature 101-berth superyacht marina

Kelsey Wilhelm -
Wynn Al Marjan Island is set to feature a 101-berth superyacht marina basin, accommodating yachts up to 85 meters in length.
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Macau

Macau gambling crimes increased, but due to stricter enforcement: Police

Nelson Moura -
Macau has seen a rise in gaming-related crimes this year, but the head of the Judiciary Police says this is largely due to legislative changes.
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Macau

Macau gaming tax reaches $5.59B in 1H25, up by just 1% yearly

Kelsey Wilhelm -
The amount of gaming tax the Macau government collected in the first half of 2025 rose by just 1.05 percent yearly, according to the most recent data from the SAR’s Financial Services Bureau.
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China

China-Myanmar crackdown exposes family-run crime empire involved in illegal casino operations

Nelson Moura -
Chinese authorities have dismantled a sprawling criminal network in northern Myanmar run by the notorious Bai family, whose illicit empire spanned fake casinos, online fraud hubs, and drug trafficking.
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Philippines

PAGCOR orders immediate removal of gambling billboards, tightens ad rules

Frank Schuengel -
The Philippine Amusement and Gaming Corporation (PAGCOR) has ordered all licensed online gambling operators and related service providers to take down all out-of-home (OOH) advertising by August 15, marking its first major move to address mounting public concerns over the aggressive marketing of electronic gambling.
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Philippines

LET Group focuses on Westside City Project, despite financial concerns

Kelsey Wilhelm -
Hong Kong-listed LET Group has indicated that is going to focus on its Westside City Project in the Philippines, as it restructures its assets, amongst a capital crunch.
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Indonesia

Indonesia blocks over 17,000 bank accounts linked to online gambling

Nelson Moura -
The Indonesian Financial Services Authority (OJK) has ordered the blocking of 17,026 bank accounts suspected of involvement in online gambling as part of a coordinated effort to combat illegal gambling in the country.
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Hong Kong

Far East Consortium grants share options to founder’s daughters

Nelson Moura -
Far East Consortium International Limited (FEC) has announced the conditional grant of 20 million share options to its Executive Directors, Wing Kwan Winnie Chiu and Jennifer Wendy Chiu, daughters of founder, Executive Director and Chairman, David Chiu.
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