Asia Gaming Briefings – April 2022 Edition


Changing the rules of the game

Asia’s key gaming jurisdictions, namely Singapore and Macau, are undergoing a major regulatory overhaul. In the April 2022 edition of AGBriefings Jurisdiction Updates, the magazine’s focus is on the key changes, and what they will mean for the industry.

Macau legislators are poring over amendments to the gaming law which will set the course for the city’s casinos for years to come. It was the first major shakeup in regulation for two decades and is the precursor to the bidding process for the casino concessions.

Over in Singapore, a new law will create a new regulatory authority to oversee all aspects of gambling in the city state. The government argues that the changes were necessary due to rapid changes in technology, which have affected how people bet, as well as the increased blurring of lines between gambling and gaming.



In Focus: Reviewing Asia’s regulatory revamps


Reviewing Asia’s regulatory revamps

Some of Asia’s key gaming jurisdictions are undergoing a major regulatory overhaul and in this edition of Asia Gaming Briefings we focus on some of the key changes and what they will mean for the industry.

Satellites seen as having future, despite gaming law conundrum

Macau’s gaming law amendments will result in a significant reorganization of its satellite casinos, which account for about 45 percent of the total. However, they are unlikely to be eradicated altogether.

Singapore’s new regulations to address tech, gaming boundaries

The revision of Singapore’s legal framework addresses two main challenges: technology and ease of access, and boundaries between gaming and gambling. Wai Ming Yap, a partner at Morgan Lewis & Bockius LLP, and senior associate Gina Ng, explain the key changes to Singapore’s gaming bills and what they will mean for the industry, land-based and online.

Government gambling sees online boom, pachinko/pachislot suffer

When it comes to gambling in Japan, the world has been keenly focused on the development of an integrated resort industry. However, as Joji Kokuryo, managing director of Bay City Ventures writes, the country already has a vibrant and evolving gambling scene.

AUSTRAC Crown probes carry potential for major financial pain

Austrac investigations into the Australian casino sector are extensive and ongoing, write Jamie Nettleton and Brodie Campbell, a partner and solicitor respectively, with law firm Addisons.

Harmony needed in gaming regulations

A slew of gaming industry wrongdoings and compliance mishaps over the last two years have sparked calls from the industry for a more consistent approach to gambling regulation.

JURISDICTIONS UPDATES


Stock optimism collapses as Covid fears gain

Macau’s operators now have more clarity when it comes to the regulatory framework affecting their business, though they are still in the dark when it comes to the post-Covid recovery prospects, with some analysts predicting another lost year.

Dialogue needed for PIGO industry development

Operators and service providers in the Philippines want more dialogue with the government over the taxation and regulation of domestic online gaming (PIGO) to help them better compete with rampant illegal gambling.

Growth forecast as borders open and pre-pandemic visa measures return

Vietnam is one of Asia’s gaming jurisdictions tipped for a strong recovery, with its borders officially reopening for tourism from mid-March and its pre-pandemic visa systems restored.

Light seen at the end of the Covid tunnel

Cambodia is seeing a slow trickle of tourism return from covid, with optimism that business will bounce back strongly once full normality has resumed.

Eyes turning back to Asia for tourism growth

Australia’s casinos have seen strong support from the domestic market during Covid, but are now hoping for the return of Asian tourists to drive further growth.

South Korea reopens borders, but lack of Chinese tourists to weigh

South Korea reopened its borders to vaccinated travelers from April 1st, providing some relief for its foreigner-only casinos, but recovery is expected to be a long haul given the lack of Chinese visitation.

India attraction remains key driver for Nepal casinos

Nepal’s casino industry has been attracting foreign investor interest, due to the allure of its proximity to India, though it is yet to breakthrough as a premier gaming destination with numerous setbacks over recent years.

Online gambling, international streaming, support racing industry

India’s 200-year old horse racing industry is attracting international interest as online gambling and access to an increasing number of international fixtures bolsters revenue.

UPCOMING EVENTS

LAST WORD


Asia tourism authorities to struggle to fill China hole

After two long years and numerous stops and starts it appears that Southeast Asia’s reopening to tourism is becoming a reality as more countries drop their inbound quarantine requirements.

SUPPLIER SPECIAL REPORT


ICE is back!

After a two-year break and a rocky start to the year, ICE London will be returning to the ExCel Centre in London from April 12 to April 14, and suppliers in these pages are ready to talk business.

Asia Gaming Briefings – February 2022 Edition

The Macau gaming industry has been on a rollercoaster ride that doesn’t seem to end. So much so that after the announcement of the new gaming law draft earlier this month the industry took a collective sigh of relief. It was short lived.

UPCOMING EVENTS