Friday, August 23, 2019

Pagcor net income grows 7.6 percent in 18Q1

Philippine’s state run gaming regulator, Philippine Amusement and Gaming Corporation (PAGCOR), posted net income of P1.4 billion (US$27.3 million) in the first quarter of...

Chief Minister u-turns on Gambling Act amendment

Goa’s Chief Minister Manohar Parrikar has reversed his position on amending the Goa Public Gambling Act, saying on Wednesday that existing legislation has enough...

AIGF demands probe on illegal foreign betting websites

The All India Gaming Federation (AIGF) has written to Prime Minister Narendra Modi demanding action be taken against offshore betting websites that have been...

Chinese police arrest eight in online gambling ring

Chinese police have detained eight people for organizing cross-border gambling, which involves over RMB130 million (US$19.2 million), local media reports. The police were tipped...

PAGCOR warns POGOs to stay in line

The Philippines Amusement and Gaming Corporation has warned its POGO operators to comply with government regulations and pay proper taxes in the wake of...

10 officials to be shamed in PCSO probe

No more than 10 officials of the Philippine Charity Sweepstakes Office (PCSO) will be “named and shamed” following President Duterte’s investigation into corruption within...

Laguna Lang Co gets casino license, expects 2022 opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten...

Russia ramps up illegal gambling crackdown

A Russian court has fined a local resident RUB 400 million (US$6.4 million) for organizing illegal gambling activities in Vladivostok, local media reports. According...

Police near casinos could be equipped with pepper spray

Police stations near casinos in Macau may be equipped with pepper spray following an altercation involving three Chinese men and a police officer last...

Vietnam police bust $1 billion gambling ring

Vietnam police have taken down what is believed to be the largest-ever internet betting operation in the country, worth US$1 billion, local media reports. Last...

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Korea’s foreigner-only casinos post strong gains in 2018

South Korea’s foreigner-only casinos posted strong revenue growth in 2018, gaining 34 percent over the prior year, according to figures from the country’s National Gambling Control Commission.

NSW Planning rejects Star’s $500m Ritz Carlton tower

NSW’s Department of Planning has recommended the rejection of Star Entertainment Group’s proposed $500 million Ritz-Carlton branded hotel tower, local media reports.  Last year, the...
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Navigating Indochina’s investment risk

Indochina’s casino markets continue to present robust growth, providing significant investment opportunities for operators with a strong appetite for risk, but they are also likely to need deep pockets as established capital markets are wary of these grey jurisdictions.

Virtual sports a winning bet in Asia

One of the biggest developments Betradar made in Asia this year was the launch of their new virtual Asian Cup. The product added to...

Vietnam busts $69m illegal gambling ring

Vietnamese police have arrested 13 people in connection with a VND1.6 trillion ($69 million) illegal gambling ring, VN Express reports.  Six people would be charged...