259 articles
Paradise SegaSammy Co Ltd, a joint venture between South Korean casino company Paradise Co Ltd and Japanese gaming developers Sega Sammy Holdings Inc., has completed the first stage of phase its €1.2 billion Paradise City casino resort at Incheon, South Korea. As per the company press release, the second stage of the project, involving mostly […]
Caesars Entertainment Corporation, the premier US-based casino operator, has filed an application before the authorities in Macau for trademark protection. It is interesting to note that the company does not have any direct gambling activities in Macau. The company applied for trademark protection through its Macau subsidiaries: Flamingo Las Vegas Operating Company LLC and Corner […]
Melco Resorts and Entertainment Corp. has announced a restructuring plan in the Philippines, by which the company’s subsidiary in the country would delist from the Philippine Stock Exchange. The majority shareholder of Melco, MCO Investment Limited, would buy back the present 27.2 per cent of the Melco shares held by the public at present. A […]
Tencent Holdings, the Chinese technology leader, has decided to shut down a popular Texas Hold’Em poker video game. This is seen as a step for compliance with government scrutiny and directions on the country’s gaming industry. Tencent said it would formally begin to shutter “Everyday Texas Hold’Em” from Monday and would closer the game’s server […]
A typhoon hit the shores of Osaka, an archipelago in Japan where casinos are tipped to be developed following the passage of Integrated Resorts (IR) bill Japan, last week, flooding the international airport at Yumeshima and generally throwing chaos and misery all around. Worse of all, this is the second natural disaster of the year […]
Suncity Group, the Hong Kong-listed company, has signed a partnership with Golden Sun Sky Entertainment, a company running casino resorts in Cambodia. As per the agreement, Suncity Group will provide consultancy and management services to the Cambodian company in setting up and running casinos. . The first casino resort after the new deal will be […]
The police Shah Alam, a Malaysian city, has detained six persons, one of them a citizen of Bangladesh, in connection with illegal online gambling activities. Shah Alam district police chief Assistant Commissioner Baharudin Mat Taib said police officials raided the premises where the the online gambling facilities were run after a tip-off from the public. […]
A local industry report claims that the vast majority of Yokohama residents, a whopping 94 per cent of them, are against the idea of having a casino resort in the city. The report quoted a survey conducted by the Yokohama City government from May 14 to June 22 regarding the city’s “mid-term, four-year plan.” As […]
Ministry of Finance of China has issued a rule update, firmly declaring that all unauthorised lottery sales are illegal, starting from October 1. The Ministry of Civil Affairs and the General Administration of Sport also endorsed the rule. The amendment clearly states that “online sales of welfare lottery tickets and sports lottery tickets without authorisation” […]
China has proposed a plan to control the number of online video games available in the country, it is bid to prevent myopia affecting children. General Administration of Press and Publications (GAPP), the body regulating and distributing news, print, and internet publications in the country, will control the number online video games, especially the new […]
Vietnam’s gaming market is on the brink of expansion with the upcoming introduction of a legal sports betting sector into the industry. The news was confirmed by the local press and looks like the implementation of the recently-approved sports betting bill will begin soon. Maxfield Brown, manager business intelligence with Ho Chi Minh-based consultancy, Dezan, […]
The Japanese legislative announced that an oversight body for the upcoming segment will be launched on July 1 next year. The casino industry has almost landed in Japan after necessary legislation was passed over the last few weeks. That’s why the government now needs to set up an oversight body for the segment, which will […]
Gambling revenue continues to soar in the Chinese territory of Macau, as it increased by 17% in August. The increase was mainly because of the active gaming by Chinese gamblers, who flocked in the country’s only legal casino hub. This is the 25th consecutive month that gambling revenues increase in Macau. Figures from Macau’s Gaming […]
Suncity Group Holdings Ltd has announced the acquisition of its 34% stake in Central Vietnam integrated resort project Hoiana. Aftermultiple delays while the firm finalized its financing, Suncity finally announced in a filing to the Hong Kong Stock Exchange this week that the deal was completed on 28 August – almost 10 months since shareholders […]
The casino industry is all set to arrive in Japan following the recent passage of the Integrated Resort (IR) bill in the country’s parliament. It will be initially allowed in three locations only. The three locations are not yet determined. Politicians in Wakayama, a Japanese prefecture in the Kansai region, are already trying hard to […]
Malaysian police have initiated a massive hunt for tracking down the operators of illegal four-digit gaming outlets, with raids in 15 outlets simultaneously. It is believed that kingpins of these operations are working from foreign countries like Thailand and Cambodia. A 50-member strong police team is involved in the operation. The cops arrested 26 people […]
The Philippine Amusement and Gaming Corp (PAGCOR), the gambling regulator of the Philippines, has stopped issuing issuing franchises for casinos in the country. The move is reportedly ordered by President Rodrigo Duterte. The decision is expected to cost a huge amount to state coffers. To give an indication, the gambling industry contributed €255.2 million to […]
Yang Zhihui, the Chairman of Hong Kong-listed casino and hospitality operator Landing International Development Ltd., who was missing for some weeks, has been reportedly detained in Cambodia. This is the last of a series of bad news for the struggling company. Its share prices, which had already have fallen by 35% over the last few […]
Myanmar has proposed the 2018 Gambling Law, which again underlines its citizens will not be allowed to take part in gambling in the country’s casinos U Kyaw Soe Lin, secretary of the Lower House of Parliament’s Bill Committee, said: “Casinos are intended for foreigners only,. He added that casinos would be used mainly to attract […]
Apple has pulled out the gambling apps which were criticised by the state media from its app platform in China. Gambling apps have come under heavy criticism from state media. Chinese state broadcaster has termed a number of apps on the Apple platform as “fake lotteries.” Following the criticism, Apple removed a number of apps, […]