WED, 1ST MAR 2017

In-Depth Analysis for the gaming industry

Gambling News - Asia

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21st February
MGM China release quarter four and full-year results
MGM China Holdings Limited recently announced the selected financial data of the Company and its subsidiaries for quarter four of 2016...
1st February
Macau gaming revenue only up 3.1% in January
Macau’s gross gaming revenue grew only 3.1% in January to $2.4bn. Although casino revenue increased, extending the industry’s recovery...
27th January
Chinese New Year set to boost Macau’s revenues
Investors are becoming more positive about Macau following a two-year slump in the world's biggest gambling hub. Operators are predicting to...
12th January
Macau’s casino employees go on strike
Casino workers in Macau went on strike in order to demand a 5% pay increase, along with new legislation that would...
3rd January
Macau experiences third successive year of decline
The Gaming Inspection and Coordination Bureau recently published Macau’s final 2016 gambling revenue figures, revealing an accumulated gross revenue decline of...
3rd January
Israel shuts down state-sponsored slot machines
In a victory for Finance Minister Moshe Kahlon, Israel has seen the closure of 500 slot machines and 150 keno machines...
22nd December
Duterte orders closure of all online gambling firms
Philippine President Rodrigo Duterte has reversed a stance on online gambling that appeared to have softened in recent months, reverting to...
21st December
First Indian licensed poker sites to offer real-money gaming
Having legalising online skill games in April 2016, Indian state Nagaland issued online poker licenses to two website. Khelo365.com and ClubEmpire.in,...
15th December
Crown ditches China with sell-off of Crown’s overseas casinos
Casino magnate James Packer has decided to scale back the international ambitions of his gambling empire in a strategically motivated shift...
15th December
Japan legalises Casinos
Japanese parliament passed a law today to legalise land-based casinos. The passing of the ‘integrated resorts’ bill ends 15 years of...
13th December
Japan casino bill clears upper house
A contentious bill to legalise casinos in Japan has, despite fierce opposition from Japan’s Democratic Party, passed through a key parliamentary...
9th December
Macau casino shares prices slide; government tries to ease concerns
Macau authorities have announced that they have not restricted daily cash withdrawals for Chinese gamblers, after a report to the contrary...
5th December
Japanese gaming shares soar as ‘casino bill’ is passed by Lower House
The long-awaited ‘casino bill’ has been passed in Japan’s Lower House Cabinet Committee, bringing Japan’s ruling Liberal Democratic Party led by...
2nd December
Mohegan Sun aims for $750m in fees from Incheon casino
Tribal casino operator Mohegan Sun Tribal Gaming Authority (MTGA) is targeting approximately $750m in fees for its partnership in the Incheon...
1st December
Macau sees biggest monthly revenue rise in over two years
Macau, the heart of the world’s casino gaming industry, has reported a 14.4% rise in monthly gross revenue this November. ...
30th November
Japan reopens debate to legalise casinos
Shinzo Abe, Prime Minister of Japan, will need support from his Buddhist-backed coalition partner Komeito, a group of legislators whose ethical...
28th November
The Philippines detains 1200 Chinese citizens accused of running illegal gambling operation
A nation-wide crackdown on online gambling in the Philippines has led to the detention of more than a thousand Chinese nationals,...
22nd November
China formally arrests three Australian Crown employees
The Australian Department of Foreign Affairs and Trade issued a statement announcing “the arrest of three Australian Crown employees on suspicion...
21st November
Former CBI Director endorsing the legalisation of sports betting and gaming in India
Former Central Bureau of Investigation Director Ranjit Sinha has advocated the legalisation of sports betting and gaming. He argues these industries...
14th November
Genting Singapore abandons Jeju casino stake for $420m
Genting Singapore Plc has announced that it is walking away from its casino joint venture on South Korea’s Jeju Island. The...
14th November
Crown Resorts employee released from detention in China
One of the 18 employees of Crown Resorts, a leading Australian casino company, who were arrested by the Chinese government in...
10th November
AGTech reports 16% revenue drop for first nine months of 2016
Hong Kong-listed lottery provider AGTech has published its results for the nine months to 30 September 2016, reporting a 16% drop...
8th November
BetConstruct comes to Asia
Software development company BetConstruct has now officially opened its office in Taichung, Taiwan in order to develop its Asian market. Lichun...
1st November
Macau revenue rises for third straight month
Macau’s casinos enjoyed a solid October, with gross revenue from games of fortune in the region climbing by 8.8% to 21.8bn...
31st October
MGM Resorts ready to pledge up to $10bn on Japan casino
Whilst casinos are currently illegal in Japan, the odds of their legalisation have improved dramatically due to political shifts that have...
28th October
Japan casino bill still an option
As casinos may prove to be the next catalyst for financial growth following the 2020 Olympic Games, the Japanese Parliament could...
26th October
Macau tourists help Galaxy’s Q3 profit jump
Due to Galaxy Entertainment Group Ltd.’s tourist-friendly casino resorts drawing more recreational bettors and tourists to Macau, the operator posted a...
25th October
Why Singapore is at an online gambling crossroads
Once considered a traditionally conservative Asian city-state, Singapore is expanding its wagering operations, paving for a gambling footprint on a global...
20th October
Crown looks to ease investor fears, with 18 employees arrested in China yet to face charges
Crown Resorts has said that high-stakes gamblers from China generate less than 12% of the casino operator’s total revenue, according to...
20th October
Cambodia collects $37.4m in taxes from casinos in nine months
Due to improved collection efforts, Cambodia received a total of $37.4m in taxes from casinos since the start of 2016. According...
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