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Wednesday, July 16, 2025

Kelsey Wilhelm

Kelsey Wilhelm
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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.

LATEST NEWS

Shin Hwa World raises $4.5 mln through share placement

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

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

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

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

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

Thailand pushes back tourist entry fee to 2026 over market concerns

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

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

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.

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

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.

Philippines Central Bank targets online gambling transactions

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

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

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

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

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

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

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.

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

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

PAGCOR flags surge in illegal online gambling via social media platforms

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.

Wynn Al Marjan Island to feature 101-berth superyacht marina

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

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

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.

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

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.

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

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.

PAGCOR orders immediate removal of gambling billboards, tightens ad rules

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.

LET Group focuses on Westside City Project, despite financial concerns

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.

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

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.

Far East Consortium grants share options to founder’s daughters

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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