Good morning.
As we enter the new week, PAGCOR has confirmed to Asia Gaming Brief that it is studying a proposal to allow land-based casinos to accept bets online, in accordance with requests that it has received from IR operators. This, of course, is largely a response to the Covid pandemic which has hit land-based revenues and provoked a regulatory rethink. Meanwhile, we present the key takeaways from our webinar on bonus abuse, and we also note the keen optimism of the local authorities in Primorye, Russia, who expect great things from their developing Far East gambling hub.
First, the news
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PAGCOR mulls online gambling for casinos
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Primorye celebrates casino development as NagaCorp construction stalls
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China signals online gambling crackdown via digital currency policies
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AGTech announces end to two virtual sports lottery games
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Macau legislators want clarity on concessions
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Macau visitation on the rise
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Fitch revises Crown outlook to negative on probes
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Christmas and Cocos Islands’ Covid-driven booms reignite casino debate
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Grand World Phu Quoc offers preview to 700 potential investors
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Revealed that IPI filed no approved resort construction plan
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IPI opposes attempt to auction assets
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Delta buys 45 percent of Casino Royale shipbuilder
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Hyderabad police accuse Chinese online gambling firms of hardball tactics
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Yokohama Chamber of Commerce reiterates its IR advocacy
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Universal Entertainment announces results of notes offering
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Local government revenues take pounding from Kangwon Land woes
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Genting plans for Miami monorail take step forward
What you need to know
PAGCOR mulls online bets for casinos
The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos to accept bets online as operators and the government seek ways to mitigate losses due to Covid-19. The market regulator said in an email response to Asia Gaming Brief that it had received the request from operators in the country during the crisis. “During the lockdowns this year, proposals from operators of land-based properties to accept bets online from known patrons-only were received by PAGCOR. Concerned departments are currently conducting studies related to the proposals,” it said, without giving any further details.
BY THE NUMB3RS
The value of tourists [infographic]
Prepared by Asia Gaming Brief, this infographic explores the relative “value of a tourist” in each of Asia’s major gaming jurisdictions. We find that spending differs depending on the destination, whilst you may find that certain country’s top tourism spenders are not who you expect.
DEEP DIVE
Bonus abuse seen as booming business
The number of “players” attempting to fraudulently take advantage of sign-on bonuses and other incentives in igaming has risen almost 500 percent over the past three years and is expected to continue to be a major problem. This was one of the key takeaways from a recent Asia Gaming Webinar, organized together with Transunion, which deploys artificial intelligence and high tech solutions to help detect such instances of fraudulent behavior.
Supplier Special
JCM brings Fuzion to G2E’20
While JCM Global’s booth at G2E 2020 may be virtual, its award-winning and patented solutions are ready to make the real-world casino industry more efficient, more secure, and more profitable. JCM will show a robust collection of solutions for note and ticket validation, total casino peripheral management, promotional couponing, the count room, and digital signage.
Aristocrat, Boyd launch cashless digital wallet
Aristocrat Technologies, announced it has partnered with leading casino operator Boyd Gaming Corporation to launch Aristocrat’s cashless wagering digital wallet technology at Boyd Gaming’s Blue Chip Casino Resort Spa in Michigan City, Indiana.
AGB Initiatives
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