Wednesday, July 15, 2020

Japan online growing, but a tough nut to crack

A growing number of online operators are targeting Japan, attracted by the potential of converting some of the $38 billion in annual pachinko revenue to their sites, though cracking the market takes patience, meticulous attention to detail and full immersion in the local culture.

Prices push POGO exodus

While kidnappings and illegal immigration make for unwelcome headlines for the Philippines’ online gaming industry, what’s really driving recent departures from the country is the rising cost of doing business, especially during an economic downturn.

MGM online unit raises $250m

Roar Digital, a U.S. sports betting and online gaming company, said its shareholders, MGM Resorts and GVC have committed to a second round of investment, bringing the total to $450 million. 

Police arrest 51 in POGO raid 

Philippine police have arrested at least 50 Chinese and a citizen from Myanmar during a raid on an illegal Philippine Offshore Gaming Operator on Monday night, according to local media reports.

SkyCity gets government warning over online ad

SkyCity Entertainment was given a formal warning by the Department of Internal Affairs for breaching the Gambling Act after it emailed loyalty customers in March, saying that its online casino was still open for business despite the Covid-19 lockdown.

Leisure & Resorts World Q1 profit drops 19% on lockdown

Leisure & Resorts World Corp, which operates bingo parlours and online gaming in the Philippines, reported a drop of 18.9 percent in gross profit in the first quarter, due to Covid-19 mandated lockdowns.

BIR eases tax requirements for closed POGOs

The Bureau of Internal Revenue (BIR) has eased certain tax requirements for Philippine Offshore Gaming Operations (POGO) and their service providers which would allow...

Genting ramps up online business in Europe

Genting Group, one of the world’s largest casino companies, has been investing in expansion of its online business in Europe at a time when more land-based operators are eyeing adding a digital strategy to cushion the impact from Covid-19.

PAGCOR warns public against Facebook-promoted illegal gambling

The Philippine Amusement and Gaming Corporation (PAGCOR) has warned the public against illegal Bingo and online gambling organizations using Facebook to promote their services.  In...

More POGOs set to leave the Philippines: Domingo

The Philippine Amusement and Gaming Corporation (PAGCOR) has warned that more gaming firms could close down as a result of stringent tax rules and...

TRENDING ARTICLES

Coronavirus live updates: WHO chief warns no return to pre-Covid normal “for the foreseeable...

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Duterte extends Metro Manila, Cebu City lockdown

Philippine President Rodrigo Duterte has placed Metro Manila and Cebu City on lockdown again starting June 16, following a marked rise in coronavirus cases,...

Marina Bay Sands begins first stages of reopening

Non-gaming shops at Marina Bay Sands have reopened to Sands Rewards loyalty program members after a two-month closure. At this point, all other facilities will...

Are we really a nation of gamblers?

The shutdown of gambling venues due to Covid-19 may drive people at-risk of addiction to increased online gambling and harm. For others it might create a relief from the constant access to problematic pokies.

Flexible IR regulation needed for uncertain times

On Thursday the number of new Covid-19 cases in Tokyo shot up beyond one hundred, deepening concerns that the Japanese nation may be sliding into a second wave, and possibly necessitating an additional period of business closures.