Sunday, June 16, 2024

Giving first right of refusal would simplify PAGCOR privatization: Chairman

There has been rampant speculation that the Philippine gaming operator (PAGCOR) would grant the right of ‘first refusal’ to the current operators of its Casino Filipino properties, which it aims to sell as soon as possible to resume its purely regulatory status.

Macau operators’ free offerings seen as “rat race” and misaligned with premium mass strategy: experts

The practice of Macau gaming operators offering complimentary drinks and food has sparked a viral trend on Chinese social media, resulting in significant publicity success. However, according to experts consulted by AGB, these free offerings do not align with a strategy focused on premium mass clientele.

PAGCOR Chairman doesn’t want police powers, eliminating IGLs won’t stop foreign criminal activity

The Chairman of the Philippines’ gaming regulator (PAGCOR) says that he doesn’t want the authority to have police powers and that even if all offshore gaming licenses were canceled, foreign criminal activity would remain a problem.

Report points to Southeast Asia’s industrial-scale gambling as major driver of transnational crime

A recent report by the United States Institute of Peace (USIP) highlights the alarming rise of industrial-scale gambling operations in Southeast Asia, identifying them as a significant driver of transnational crime and regional instability.
Casino biz can lift tourist spending by 52% in Thailand

Thailand racing to open IR before Japan but faces legislative hurdles:...

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Thai authorities are "desperate" to beat Japan and open an integrated resort before 2030, the legislative process in Thailand is expected to be complex and laden with delays, say experts.
Digital experiences, diversified games key for casinos to attract younger gamblers

Digital experiences and diversified games key for casinos to attract younger...

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The casino industry is grappling with the challenge of attracting a generation of younger gamblers. To attract younger gamblers, casinos need to enhance their digital experiences and diversify their games, as highlighted by industry experts during a recent panel discussion at the G2E Asia conference in Macau.
AI driving significant transformation in the casino industry

AI driving significant transformation in the casino industry: Researcher

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The casino industry is undergoing a significant transformation due to the integration of Artificial Intelligence (AI), spearheading innovations in gaming experiences, security measures, and personalized services, according to a tech researcher.
Bloomberry’s Solaire Resort North officially opens

Bloomberry’s Solaire Resort North officially opens

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Bloomberry Resorts Corporation has officially opened its latest luxury development, the Solaire Resort North, in Quezon City on May 25. Situated on a 1.5-hectare site in Quezon City, the largest city of Metro Manila, and with 38 floors, Solaire Resort North involved a $1 billion investment.
Non-gaming cashless opportunities boosting gaming offerings, TransAct CRO, Tracey Winslow

Non-gaming cashless opportunities boosting gaming offerings: TransAct CRO

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The shift to cashless is providing opportunities both within the gaming space and the non-gaming space, with TransAct Technologies poised to leverage its experience across multiple markets in Asia and abroad.
A look at Online Gambling Jurisdictions in 2024: Isle of Man

The Pre-Regulated Playing Field: A look at Online Gambling Jurisdictions in 2024: Isle of...

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In a new series, AGBrief looks at existing and upcoming grey market licensing jurisdictions and compares what they offer to the industry. This edition takes a look at the Isle of Man.
Online gaming offices, POGOs, Offshore Gaming, PAGCOR, Manila, Philippines

POGOs need background checks, tax payment verification, to end gov’t influence: Senator

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Philippine Senator Sherwin Gathchalian, a strong opponent of offshore gaming operators (POGOs) in the country, claims that no background checks are being conducted on individuals who set up offshore gaming operators or their employees.
Smart table technology set to dominate main Asia market casinos by 2025

Smart table technology set to dominate main Asia market casinos by 2025: Expert

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By the end of 2025, it is expected that all major properties in Macau, the Philippines, Australia, and New Zealand will adopt some form of smart table technology, primarily for Baccarat due to its implementation ease compared to other games, gaming analytics expert David Croft told AGB.
Macau Dealers, Gaming Workers, Responsible Gaming

Macau gaming staff face challenges in stopping problematic gaming behaviors: Study

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An academic study has uncovered that while the majority of frontline casino employees in Macau possess a clear understanding of responsible gambling, they encounter a series of challenges that hinder their ability to effectively intervene in problematic gaming behaviors.
ASEAN 24, Michael Charlton, Entain taking long-term view by only focusing on regulated markets

Entain taking long-term view by only focusing on regulated markets

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If Asian gaming jurisdictions up their game and prove to be highly regulated markets, Entain would be happy to move back into those markets it had stepped away from. Michael Charlton, Asia Pacific Director for Entain, notes that the Philippines is serving as a good example of an improved regulatory framework that’s not stifling innovation.
Aristocrat, slots, slot machine

Aristocrat fiscal 1H24 profit tops $484M, Asia revenue/profit doubles

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Aristocrat Leisure Limited has announced a 16.8 percent increase in profit (NPAT), to AU$723.3 million ($484.5 million) during the first half of its fiscal year, with profit rising across its three main arms: Gaming, Pixel United and Interactive.
Asia-Pacific gambling market to see average 6% annual growth rate until 2029

Asia-Pacific gambling market to see average 6% annual growth rate until 2029: research

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The APAC gambling market has demonstrated resilience and is expected to register a CAGR exceeding 6 percent during the forecast period from 2024 to 2029, a recent consultancy report estimates.