Ganapati PLC founder Hayato Kinoshita has been indicted by Taiwanese prosecutors along with a dozen other people for illegally operating online gambling, rejecting defense arguments that they were several steps distant from any legal violations.
The Philippines has banned foreigners from entering the country and returning overseas Filipinos from March 20 until April 19 after a new Covid spike and new variants.
With continued and future disruptions on land-based casino revenues, industry executives are asking whether online casino platforms, which have seen rapid growth rates, can play a role in assisting stalled revenue lines and help them move beyond these difficult times.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.