Good morning. Singapore is looking way, way ahead. The new proposed amendments to its Casino Control Act not only are aiming to plug loopholes and improve efficiencies, but also introduce the possibility of lotteries and betting in the city’s casinos – even though that’s not yet on the cards. A top gaming law expert notes that the changes are timely, and likely to be ongoing, as the city aims to be a compliance beacon in the region. Meanwhile, the policy shift to ban POGOs in the Philippines could finally get the country off the FATF grey list, say experts at Spectrum Gaming, although many questions still remain.
What you need to know
- Singapore’s Casino Control Act amendments plug loopholes, eliminate inefficiencies and prepare operators and regulators for the future.
- The new POGO ban is a definite policy win and should help the country finally get off the FATF grey list: Spectrum Gaming.
On the radar
- Thai gov’t determined to push forward with IR legislation: Report.
- Sri Lanka’s Golden Island and Goa’s Majestic Pride to open casino in Colombo.
- NagaCorp expecting impairment of up to $95M over Vladivostok project.
- Macau ops boost Paradise Entertainment to positive profit of $15.3M in 1H24.
- Majority of blocked websites in Malaysia linked to online gambling.
AGB Intelligence
SINGAPORE
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