TAGASEAN 2024
Organized by Asia Gaming Brief, the ASEAN Gaming Summit 2024 was held at the Shangri-La The Fort, BGC in Manila, Philippines, comprising a three-day event that welcomed nearly 1,600 attendees, setting a new record.
This 2024 edition drew a diverse audience from a multitude of regions including Macau, Armenia, Australia, Hong Kong, Malaysia, Cambodia, India, Germany, the UK, Indonesia, Russia, Japan, Korea, Vietnam, and Singapore, among others.
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Macau offered over 70,000 discounted air tickets to attract international tourists
Some 70,000 discounted flight tickets were offered by Macau tourism authorities by end 1H24, in a bid to boost foreign visitation.
Bloomberry Resorts secures $1.24B refinancing deal
Bloomberry Resorts Corporation has successfully completed the refinancing of a $1.24 billion loan, helping lighten its debt burden as Solaire Resort North ramps up.
Gambling addiction among South Korean teens doubled over past 4 years
Gambling addiction amongst South Korean teens has doubled in the past four years, alongside a 14-fold surge in online casino use.
Hotel price increases help drive up Macau’s Tourist Price Index in 3Q24
Higher hotel prices in the third quarter helped push up Macau’s Tourist Price Index by nearly 4.43 percent quarterly, boosted by the summer holiday.
PAGCOR contractual workers not government employees, Supreme Court rules
Philippines Supreme Court rules that contract of PAGCOR service and job order workers are not considered government employees.
Crown Melbourne fined $1.34 million for failing to enforce self-exclusion measures
Crown Melbourne has been hit with a AU$2 million ($1.34 million) fine by the Victorian Gambling and Casino Control Commission (VGCCC) for allowing 242 self-excluded individuals to gamble at its casino.
POGO shuttering proving successful, only 100 POGO hubs being monitored: PAOCC
The Philippines’ efforts to eliminate Philippine Offshore Gaming Operators (POGOs) are proving successful, with only 100 POGO hubs being monitored.
Suspicious Transaction Reports by Macau gaming operators down in 3Q24
The number of Suspicious Transaction Reports (STRs) filed by gaming operators in Macau in the third quarter of the year fell to 860, the lowest quarter of the year so far.
Genting Bahamas operator being sued $600M by stakeholder for alleged fraud
A stakeholder in Genting-operated Resorts World Bimini, in the Bahamas, is seeking damages in excess of $600 million.
Blackstone injected nearly $340M into Crown in 2023: report
The Blackstone Group reportedly injected nearly AU$500 million ($337 million) into Crown Resorts in 2023 following its significant penalties for breaking anti-money laundering and counter-terrorism financing (AML/CTF) legislation.
Macau gaming faces regulatory uncertainty under new leadership: Bank of America
Macau's gaming industry is closely monitoring how the new leadership will influence policies affecting the sector, as Bank of America notes that "a key unknown for the sector remains the regulatory climate under a new Chief Executive.”
