Tuesday, October 27, 2020

PAGCOR mulls online gambling for casinos

The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos accept bets online as operators and the government seek ways to mitigate losses due to Covid-19.

Primorye celebrates casino development as NagaCorp construction stalls

Deputy Prime Minister of Primorye Konstantin Shestakov celebrated the results of casino development in the Russian Far East on Friday, even as he revealed that construction at the NagaCorp facility was suspended over the Covid-19 impact.

Universal Entertainment announces results of notes offering

Universal Entertainment has announced the results of its notes offering in respect to US$600 million in notes placed outside of Japan in December 2018. The...

Local government revenues take pounding from Kangwon Land woes

The revenues of local governments in South Korea are being heavily impacted by the long-term suspension of operations at Kangwon Land, triggered by the Covid-19 pandemic, as well as a running dispute over the calculation of how much money the resort is obligated to pay to the abandoned mine fund.

Grand World Phu Quoc offers preview to 700 potential investors

About 700 potential investors were invited to Grand World Phu Quoc to get a preview of its entertainment offerings in advance of the facility’s grand opening, expected to create Vietnam’s “first sleepless city.”

Revealed that IPI filed no approved resort construction plan

In the latest twist in the Imperial Pacific International saga, it has been revealed that the local authorities allowed construction of the Saipan casino resort without providing approved construction plans.

Yokohama Chamber of Commerce reiterates its IR advocacy

The Yokohama Chamber of Commerce & Industry has reiterated its strong support for IR development in the city, even as Mayor Fumiko Hayashi stated that she would respect the results of a popular referendum that went against the initiative.

Macau visitation on the rise

Arrivals to Macau surged by 97.7 percent month-to-month to 449,085 last month, according to the Statistics and Census Bureau (DSEC). Meanwhile, hotel occupancy reached 16.4 percent.

The value of tourists [Infographic]

The infographics highlight the power that Chinese tourists have in fuelling tourism market growth (pre-Covid) in Asia. Casino-related spend is at the forefront of growth in Macau in particular, whilst gaming could also be shaping overall tourism spend in the Philippines, Cambodia, and Vietnam. 

Crown outlook revised to negative by Fitch on probes

Fitch Ratings has revised its ratings outlook on Crown Resorts to negative from stable due to ongoing regulatory probes, but said it doesn't think the operator will lose its license.

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Asia turns up heat on online gambling

Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.

PAGCOR mulls online gambling for casinos

The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos accept bets online as operators and the government seek ways to mitigate losses due to Covid-19.

Bonus abuse seen as booming business

The number of “players” attempting to fraudulently take advantage of sign on bonuses and other incentives in igaming has risen almost 500 percent over the past three years and is expected to continue to be a major problem. 

China signals online gambling crackdown via digital currency policies

The Chinese government is signaling its intention to use its digital currency policies as a tool to crack down on illegal online gambling. China Drafts...