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Time to move the regulatory goalposts

There is no question that the global sports betting market is massive and growing fast. According to figures from respected statistics company, Statista, the global gross gaming yield now stands at about $400 billion, with the majority of that generated in Asia.

Government launches survey of IR bid intentions

The central government bureaucracy has launched its first major initiative since the July passage of the IR Implementation Act by beginning surveys on the...

Facing the challenges of technology

New technologies, in particular facial recognition, have the potential to revolutionize the interaction between the casino and its customers, though regulators may be less enthusiastic.

NZ racing shakeup raises industry hackles

Opponents of the sweeping changes proposed for the racing industry in New Zealand are questioning whether the reforms are legally and practically possible.

IR business risk assessment remains tentative

Despite the July 20 passage of the IR Implementation Act, all assessments of business risk for IR operators remains tentative, says Hitoshi Ishihara, partner...

Goa outlines new casino policy

Goa Chief Minister Manohar Parrikar made a statement on the floor of the legislative assembly on Friday announcing that offshore casinos in the state will be shifted to a designated gaming zone within a period of four years, G.Laws reports.
Cambodia

Regulation to stimulate growth

Cambodia is expected to introduce its long-awaited casino regulation in September, which may attract further investment to one of Asia’s most vibrant markets.

Asia’s emerging casino markets question whether size matters

When the 10.5 million-square-foot Venetian Macao opened its doors in 2007, it upped the ante on the scale of casino developments and helped inspire Singapore, Korea and others to undertake major IR projects.
Pagcor

Pagcor says license moratorium to protect industry returns

The Philippine Amusement and Gaming Corp said the decision to put a moratorium on issuing further land-based casino licenses in the country was designed to protect investments made by existing operators.

Philweb fights to regain lost ground

Almost two years after losing its license in a spat with Philippine President Rodrigo Duterte, gaming technology company PhilWeb Corp is on a charm offensive to win back lost business with improved content and services.

TRENDING ARTICLES

Philippines, Racing Commission, horse racing

Philippines horse racing expected to grow

The Philippines Racing Commission is expecting the horse racing industry to grow “more than expected” this year, despite ongoing challenges brought on by the covid-19 pandemic. 

Will Japan score a home goal with sports betting regulation?

The prospect of legal sports betting in Japan has created a buzz in the global community, though industry insiders warn that Tokyo will need to do a better job on regulation than it has with casinos if the market is to reach its full multi-billion dollar potential.
Dara Sakor casino, cambodia, century entertainment

Century warns of wider loss on impairments

Hong Kong-listed Century Entertainment said it expects to post a loss in the year to March 2021 of not less than HK$40 million, mainly due to impairment charges.
Macau border

Macau May arrivals gain 9% from prior month

Visitor arrivals to May rose 9 percent from the previous month to 866,063, boosted by the five-day Golden Week holiday.

Macau to beef up regulatory capacity

With just one year to go before the expiry of Macau’s casino concessions, the government has announced a major overhaul of its gaming regulator, more than doubling the number of inspection staff