Thursday, February 29, 2024
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Basketball player Kai Sotto is the new 1xBet ambassador in Asia

Global betting company 1xBet is pleased to announce the start of a partnership with talented basketball player Kai Sotto. Now, the young Filipino will represent the 1xBet brand in his homeland, as well as in Japan, China, Indonesia, Thailand, and other Asian region countries.

Macau legislative assembly approves draft bill to counter illegal gambling

The Macau Legislative Assembly this Wednesday approved the first reading of new legislation against illegal gaming.

Rebound in customer traffic helps Okura continue turn to profits in 2H23

Pachinko operator Okura Holdings reported a significant increase in profit before income tax, rising approximately JPY929 million ($6.1 million) in the second half of 2023, a 569.9 percent bump from the same period in the previous year.

Casino closures only partial and temporary – Genting

Genting Bhd's Resorts World Genting has clarified that only some sections of two out of its three casinos will be closed temporary for renovation purposes.

Galaxy with almost $358 mln in EBITDA in Q423

Galaxy Entertainment Group (GEG) has announced impressive financial results for the fourth quarter and full year 2023, which allowed for the group to advance with dividend distribution.

Sands China CEO Grant Chum: $1.4 billion towards Londoner Phase 2 and Arena revamp

Sands China is doubling down on its non-gaming investments, with newly elevated Grant Chum – the group’s President and CEO – saying it will lay-out some $1.4 billion on Londoner Phase 2 and the revamp of its Cotai Arena.

Light & Wonder profit up 220% in 4Q23, growth across all business segments

Gaming giant Light & Wonder has announced that the group saw a 220 percent increase in profits during the fourth quarter of 2023, topping $67 million, as revenue rose by 13 percent to $770 million.

Manila airport to increase aircraft movement

The government aims to increase aircraft movements at the Ninoy Aquino International Airport (NAIA) to 48 per hour from the current 41.

PAGCOR requests approval for employee wage increase

The Philippine Amusement and Gaming Corporation (PAGCOR) has sought approval to implement salary step increments based on employees’ length of service.

Sri Lanka revises new casino license fees

Sri Lanka's Ministry of Finance has announced revised fees for obtaining and renewing casino licenses, following the submission of ten casino applications, the country's media reported.

Under the Scope: FATF, junkets, STRs, financiers and workarounds

The Philippines and Vietnam remain on the Financial Action Task Force’s grey list, the only two Asian gaming jurisdictions so defined. In this week’s Under the Scope, gaming expert Ben Lee looks at the differences between each country’s strategy, the impositions they’re facing, and business and political sentiment towards their continued oversight by the financial watchdog.