Thursday, October 10, 2024

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Alice Guo’s sister, POGO incorporator to be deported to Philippines: PH president

The sister of runaway "POGO Mayor" Alice Guo and the incorporator of a Pampanga-based Philippine offshore gaming operator should be returning to the Philippines after their arrest in Indonesia.

Indonesian president denies online gambling social assistance plan

Indonesian President Joko Widodo announced that the government would not provide social assistance to online gambling players.

SIS strengthens bet365 partnership with global launch of eSoccer product

SIS (Sports Information Services), the leading content supplier of 24/7 live betting services, has agreed a landmark deal with long-term partner, bet365, to deliver its comprehensive eSoccer portfolio across all regulated markets and boost the renowned operator’s global offering.

LuckyStreak partners with iGaming Nemesis in business boost

LuckyStreak, the Riga-based iGaming services provider established in 2014 has forged a new partnership with iGaming solution provider Nemesis.

UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO

Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.

Japan’s top law firms assist Osaka IR’s with $3.4B loan from bank consortium

Osaka's integrated resort developer consortium has secured a $3.4 billion loan from a bank consortium, to further the development of the country's first casino.

Daily Asia Gaming eBrief: POGO ban wouldn’t cause property market crisis

POGO operators still comprise some 20 percent of the office space transactions in Metro Manila, despite a drop in demand amongst ongoing changes to the online space. Real estate group Colliers notes that there has been "no significant effect on the overall office market".

POGO ban wouldn’t result in property market crisis: Colliers

Despite the ongoing shortfall in demand for office spaces from Philippine Offshore Gaming Operators (POGOs) compared to pre-COVID levels, POGO operators still comprised 20 percent of office space deals in 2023.

Genesis Global has its Malta license canceled

Online gambling operator Genesis Global has had its Malta Gaming Authority (MGA) B2C license cancelled with immediate effect. The move was announced by the regulator on its website and follows the suspension of the company’s license in January of last year. It means the operator can no longer offer any gambling activity under this license.

2023 Macau GGR to persist at 38 percent below pre-pandemic levels: Deutsche Bank

Deutsche Bank estimates that Macau's casino gross gaming revenue (GGR) for 2023 may reach $22.81 billion, marking a 332 percent year-on-year increase. However, even if this estimate is realized, the GGR for this year will still be 38 percent lower than the pre-pandemic levels in 2019.