Friday, May 31, 2024
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RGB International posts robust 1Q24 results, eyes growth in Philippine market

Malaysian casino equipment supplier and distributor RGB International Bhd has reported a significant increase in revenue and profit for the first quarter of 2024, driven by promising market conditions and strategic positioning in the Philippines.

Melco’s strategic investments and market positioning helped enhance performance: Bank of America

Melco Resorts & Entertainment received an upgrade from Bank of America in a decision said to reflect the gaming operator's strategic investments and market positioning.

Singapore gaming authority hires creative agency to help clarify ‘misconceptions’

The Gambling Regulatory Authority (GRA) of Singapore has officially named AKIN as its creative agency for social media initiatives, as part of efforts to 'clarify gambling regulations and correct common misconceptions'.

Indonesia to revoke permits of ISPs refusing to help in online gambling crackdown

Indonesian Internet Service Providers (ISPs) risk losing their licenses if they fail to comply with efforts to curb illegal online gambling.

Gaming oversight body to discuss Imperial Pacific bankruptcy request and Tinian online gaming license bill

The Commonwealth Casino Commission is scheduled to discuss updates on Imperial Pacific International Chapter 11 bankruptcy petition and a proposal to grant internet gaming licenses on Tinian for up to 20 years, during their meeting on Thursday.

Stricter measures for police officers caught moonlighting after POGO-linked incidents

The Philippine National Police (PNP) chief has announced stricter measures against moonlighting police officers after several incidents involving security forces personnel caught working as security for Philippine Offshore Gaming Operators (POGOs).

Macau ranked as the most satisfying destination for Chinese travelers in 1Q24

A survey conducted by the China Tourism Academy shows that Macau was ranked as the most satisfying destination for outbound travelers from mainland China in the first quarter of 2024.

Punters to maintain or increase gambling budgets in Macau: CLSA

A recent China Reality Research (CRR) survey conducted by investment bank CLSA has shown that travelers still exhibit a high willingness to spend in Macau - including on gambling, despite visitation not yet fully normalizing.

Okada Manila seeking IPO on Philippine Stock Exchange by 2025: Report

According to a report, the company behind Okada Manila, Universal Entertainment Corp, is planning to list the entity on the Philippine Stock Exchange via an Initial Public Offering worth between $500 million and $750 million by 2025.

Two Manila Congressmen seek to eliminate illegal gambling, POGOs

Two Manila Congressmen are pushing to eradicate online and text message gambling, highlighting its detrimental effects on the poor and young due to easy access.