Cambodia shut down its online industry as it was “out of control” and it now plans to focus on improving infrastructure in Sihanoukville to reinvigorate the town into an upscale tourism destination.
The seizure of UnionPay point of sale terminals (POS) from pawn shops in Macau earlier this month triggered a slide in operator shares on fears of tighter capital controls, though the continued use of illegal devices means there has been little impact on revenue. Two state-owned mainland banks, Industrial and Commercial Bank of China (ICBC) […]
A backlash against a perceived influx of Chinese investment has sparked protests in both Vietnam and Cambodia this year, though experts say the outlook for two of the region’s most promising gaming markets remains positive. Most recently the protests have centered on plans for three economic zones in Vietnam, one in the center, one in […]
Twenty-nine years ago I visited Macau for the first time. It was a consolation day trip from Hong Kong for not being able to apply and obtain a visa to enter China in less than a week when I had only four days to spend.
Mey Vann, director general at Cambodia’s Ministry of Finance, pulls no punches when it comes to the nation’s online gambling ban. “It’s gone and it’s not coming back,” he says
Regulatory risk, political uncertainty and exposure to a Chinese economic downturn will factor into the performance of casino sectors in Malaysia, Singapore and the Philippines – albeit to varying degrees. From a regulatory perspective, changes in Malaysia and Singapore are unlikely. Malaysia’s gaming sector endured something of an annus horribilis in 2018, headlined by a […]
The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.
There’s growing concern that China may launch a crackdown on the streaming of casino games into the country next year, potentially dealing a major blow to the booming industry in the Philippines and Cambodia.