259 articles
Cruise and casino investor Genting Hongkong Ltd. is disposing its 2.19 percent stake in cruise operator Norwegian Cruise Line Holdings, Ltd. (NCLH) worth US$270.1 million in net proceeds In a disclosure to the HongKong Stock Exchange, Genting said that a total of 5 million shares will be up for sale to underwriter Morgan Stanley. The sale […]
The Inaugural edition of Asia Gaming Summit concluded in great success with more than 200 attendees. The first annual Asia Gaming Summit concluded with remarkable success last week with over 200 industry practitioners, experts and affiliates gathered to explore Taiwan’s chances of becoming the next destination for land-based and online gaming businesses. Taiwan was […]
Macau could set changes on current casino legislation, including international process for operations. The government of Macau has began an assessment on the current casino industry in order to plan further changes for next year. Authorities could soon propose a different gaming legislation for casino operations, including international process for leading brands, such as […]
BetConstruct presented BookieApp at Macao Gaming Show 2017. To the Asian capital of casinos BetConstruct traveled with its whole line-up of gaming and betting solutions. Additionally, the company had a card up their sleeve to impress the visitors – BookieApp, a new iOS and Android application. “With this app anyone can be a bookie […]
An executive VP of Caesars said that the company submitted an IR proposal to the government of Osaka. Jan Jones Blackhurst, executive VP of public policy and corporate responsibility at Caesars Entertainment, announced that the company submitted a plan to build an integrated resort at Yumeshima Island, Osaka to the local prefectural and city […]
The International Monetary Fund welcomed the recent amendment that includes casinos under the AML act in the Philippines. The International Monetary Fund (IMF) has talked about the changes in the Philippines regarding the inclusion of casinos in the Anti-Money Laundering Act. The IMF executive board expressed its gratitude after a review of the country’s […]
As Macau’s finances improve exponentially, it is estimated that gaming revenue will report a double digit growth in 2018. Lionel Leong, Secretary for Economy and Finance of Macau, predicted that the local economy will continue the 2017 upward trend and post a positive double digit growth in gross gaming revenue (GGR) in 2018. As […]
Intel has announced plans to bring amazing esports gaming experiences to PyeongChang ahead of next February’s Olympic Winter Games. As an extension of Intel’s Worldwide TOP Partnership and with support from the International Olympic Committee (IOC), Intel will deliver two distinct gaming experiences to Korea in the lead up to PyeongChang 2018. The Intel® […]
Casino markets around the world could face declines in the number of Chinese mass market gamblers entering their casino venues due to Beijing’s new rules on package tour operations. On Friday, Chinese media outlet Caixin reported that the China National Tourism Administration had announced new rules for domestic organizers of international holiday package tours. The new […]
The Philippines’ gaming regulator has added more names to its list of approved online gambling operators, ensuring that its previously suggested cap of 50 licensees no longer applies. The Philippine Amusement and Gaming Corporation(PAGCOR) updated its official list of Philippine Offshore Gambling Operator (POGO) licensees, which the regulator began issuing in September 2016 in a bid to […]
Galaxy Entertainment, one of just six licensed gaming operators in Macau, announced this week that it will soon begin accepting WeChat Pay mobile transactions at its three major properties, Galaxy Macau, StarWorld Macau, and Broadway Macau. WeChat Pay allows mobile users to leave their physical wallets at home, and now visitors to Galaxy Entertainment resorts […]
The CEO of the company said that MGM will invest US$9 billion if it wins a license to build an IR. James Murren, chairman and CEO of MGM Resorts International, confirmed that the company will invest US$9 billion if it wins its bid to build an integrated resort (IR) in Yumeshima, Osaka. The official […]
A new survey reassured the notion that the majority of the House of Representatives support the legalisation of casino gambling. A new survey carried away by Mainichi Shinbun revealed that a majority of lawmakers of the House of Representatives support the legalisation of casino gambling in Japan. A 57 percent of the total of […]
FIFS, a non-profit body that was formed to create regulations on DFS, officially launched last week. The Federation of Indian Fantasy Sports (FIFS) was officially launched on October 24 in India. The non-profit group represents 13 daily fantasy sports (DFS) operators and is supposed to protect users by creating a regulatory frame to operate […]
According to analysts from Global Market Advisors, the Responsible Gaming Bill may get passed in Japan before 2018. The gaming industry is going through major changes in Japan as the country aims to get the casino segment up and running as soon as possible. However, there’s another bill that, according to analysts from Global Market […]
The biggest gambling hub in the world collected US$8.5 billion in gaming taxes during the first nine months of the year. According to provisional data released by Macau’s Financial Services Bureau on Tuesday, the government increased its take in gaming taxes by 17.5 percent year-on-year in the first nine months of the year. Between […]
The state government is developing a new legislation that would help combat illegal gambling. Home minister of Malaysia, Datuk Seri Dr Ahmad Zahid Hamidi, revealed that the government is developing a new legislation in order to fight illegal gambling. The Common Gaming Houses Act 1953 is being studied to introduce changes. “The (Home) Ministry, […]
Card games in India, as well as other gambling modalities, could still be punished under current legislation Online gaming modality in India is strictly prohibited across the country, although operators have been offering certain platforms allowing residents to participate in different betting games. However, the operations were closed by the government in the last […]
The council that treats anti money laundering measures released last week the new regulations that will take effect next month. Republic Of The Philippines, Anti-Money Laundering Council (AMLC) released the implementing rules and regulations (IRR) that cover casinos operating in the Philippines, including online and ship-based gaming operations. The IRR was published on October 20 […]
The internet has become part of our lives in the 1990s, and since then, it has never stopped spreading. Today, a never-before seen crowd of people are connected, and many of them are so through their pocket-sized computers the rest of the world knows as smartphones. Pakistan is quickly catching up with the rest […]