Thursday, February 25, 2021

China cancels passport of thousands of POGO workers

The Philippines Bureau of Immigration may be dealing with the mass deportation of Chinese POGO workers - who face having their passports canceled by...

POGOs set to resume operations at end of April

Philippines’ POGO industry is set to restart at the end of April, when the enhanced community quarantine (ECQ) in Luzon is slated to be...

PAGCOR suspends gaming operations in Manila

The Philippine Amusement and Gaming Corp. said it was suspending all gaming operations in Manila following President Rodrigo Duterte’s decision to put Metro Manila under community quarantine.

Aristocrat may have acquisition opportunities: JPM

Aristocrat Entertainment is likely to emerge from the current crisis with a larger land-based footprint in the medium-term and may be well placed to expand through acquisitions of weaker rivals, JP Morgan said in a note.

China to target gambling, fraud perpetrators amid COVID-19

The Chinese government is set to intensify its crackdown on illegal online gambling, as well as telecom and internet fraud, which has increased amid...

Coronavirus impact a “wake up call” to support online gaming in Asia

Jason Ader, managing partner at SpringOwl Asset Management and a former board member at Las Vegas Sands, told a CNBC business program on Tuesday...

Senator wants POGOs to pay up and stay out

A Philippines senator has urged the government to bar offshore gaming operators from reopening once the Luzon-lockdown is lifted, local media reports.  In a report...

Creating opportunities from crisis

The future may seem bleak for the land-based casino sector at present, though traits fundamental to human beings will ensure that once normality is restored visitors will return to the gaming floors.

POGO crackdown and coronavirus may impact office demand

China’s POGO worker crackdown coupled with coronavirus fears will likely dampen office space demand in the Philippines this year, according to local property experts.   The...

AMLC calls for review of POGO licensees and service providers

The Philippines Anti-Money Laundering Council (AMLC) has called for a review of all existing POGO licensees and service providers, amid an increasing threat to...

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PAGCOR donates to hospital project, police, red cross

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Incheon gaming zone development faces delays

The planned gaming and entertainment zone in Incheon, South Korea, is facing delays on almost all fronts, mainly, but not entirely, due to the coronavirus pandemic.

Questions raised about Vietnamese casino stock prices

Commentators in the Vietnamese media have been raising questions about why some casino stocks are seeing massive increases in their stock values while they continue to report financial losses each quarter.