Thursday, October 24, 2019

Suspicious betting cases drop 30% in Q3

The number of suspicious betting cases fell 30 percent in Q3 to 50, with the majority related to football and tennis.
Department of Finance

DoF wants higher POGO taxes

The Department of Finance in the Philippines has said it will back a proposal for a 5 percent tax hike on the country’s offshore igaming licensees.

Credit card gaming ban to be implemented

The New Zealand Department of Internal Affairs is planning to implement a ban on the use of credit cards for online gambling, local media reports.

Another POGO shut on tax violations

Altech Innovations Business Outsourcing, a Philippine Offshore Gaming Operator, has been closed down for failure to pay taxes.
Online gamer

Slow progress seen in Asian online gaming regulation

Asian governments are expected to eventually regulate online gaming, though lack of legislation is still a major factor holding back potential.

Malaysia budget ups gambling penalties

Malaysian Finance Minister Lim Guan Eng has introduced stiffer penalties for illegal gambling in the country’s annual budget.
Philweb e-gaming cafe

Philweb Q3 EBITDA best in three years

PhilWeb Corp. said it had its best quarterly performance in EBITDA terms in three years in Q3, helped by its network of e-bingo machines.

Melco, MGM, Hard Rock to lead “internationalisation” of gaming brands

Melco, MGM and Hard Rock International will be the leaders in 2020 in a trend towards the internationalisation of gaming brands, Spectrum predicts.
Sportradar Optima

Sportradar buys Optima

Sportradar said it has bought Optima, a sports betting and gaming omni channel platform, to create a one-stop-shop technology and services business. 

Online gambling ring busted in HCMC

Authorities have busted a $130 million gambling ring in Ho Chi Minh City, arresting 11 individuals, local media reports. Nearly 100 police officers from the ...

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Resorts World Catskills

Genting U.S. expansion raises eyebrows

Genting Malaysia is pushing ahead with its overseas expansion plans, though analysts its acquisition of Empire Resorts will weigh on long-term earnings. 

Kamakura City Council rejects anti-IR resolution

On Friday, the Kamakura City Council rejected a draft resolution that would have denounced moves by neighboring governments to engage in IR bids. The...

Mobile iGaming

Founded in 2012, eBET is considered Asia's first leading supplier of mobile iGaming.  The company’s mission is to design intuitive and interactive live gaming experiences...

Aristocrat and Warner Bros. to launch Crazy Rich Asians slot game

Aristocrat, in partnership with Warner Bros. Consumer Products, will premiere the new Crazy Rich Asians Slot Game at next week’s Global Gaming Expo in...

Malaysia budget ups gambling penalties

Malaysian Finance Minister Lim Guan Eng has introduced stiffer penalties for illegal gambling in the country’s annual budget.