SAT, 29TH APR 2017

In-Depth Analysis for the gaming industry

Gambling News - Asia

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27th April
PAGCOR posts Q1 2017 net income increase of 26.75%
State-run Philippine gaming operator PAGCOR recorded a 26.75% increase in its year-on-year net income for the first quarter of 2017. ...
26th April
South Korea to allow online lottery purchase by 2018
The South Korean government has announced their intention to allow its citizens to buy the country's state lottery tickets online by...
25th April
New Manila casino opens its doors to the public
The Winford Hotel and Casino officially opened its doors to the public late last week in Manila, Philippines following the hotel's...
25th April
Tourists travelling to Macau up 5.6% in the first quarter
According to data released by the city’s Statistics and Census Service, Macau saw a 5.6% year-on-year increase in the number of...
24th April
Sun Group confirmed as the only company with casino rights in Vietnam
The Quang Ningh People’s Committee have sent Sun Group a letter in an attempt to quash the rumours that Vietnam would...
24th April
Philippines bans online gaming firms
Authorities in the Philippines have today banned online gaming firms from operating in any of the accredited sites across the country,...
21st April
Border casino ignites Mexican standoff between Cambodia and Thailand
A controversial Cambodian casino on the border with Thailand has sparked a border a minor trade stand-off between the two countries....
20th April
Jack Lam pulls out of Macau junket investment firm
Veteran Macau junket investor Jack Lam Yin Lok has sold his 65.05% stake in Hong Kong junket investment entity Jimei International...
20th April
Incheon casino opens in South Korea amidst diplomatic row
The Paradise City casino resort has today opened its doors in Incheon, South Korea, near to Seoul’s main air hub, Incheon...
19th April
New Casino Resort planned for Cambodian border aims to buck trend
Casino developer Virtue Resources Corporation (VRC) has today announced its investment in a US$200m casino resort development in Bavet City, Cambodia. ...
18th April
Taiwanese government proposes removal of referendums on island casinos
Members of Taiwan’s ruling Democratic Progressive Party (DPP) have today proposed the abolition of an article in the country’s Offshore Islands...
4th April
Macau gaming revenue soars 18% in March as the region continues hot streak
March saw Macau’s casinos generate $2.6bn in gross gaming revenue, reflecting an 18.1% increase from the same month a year prior....
29th March
39 arrested in Malaysia following gambling crackdown
The Malaysian government has completed a chain of raids as part of its plan to crackdown on unauthorised land-based betting centres...
29th March
Galaxy teams up with SBM to bid on Japanese casino licence
Galaxy Entertainment Group, Operator of Galaxy Macau, has joined forces with its associates Société des Bains de Mer (SBM) in Monaco...
23rd March
Vietnam's $2bn casino gets the go-ahead
FLC Group Joint-stock CO. has joined the increasing number of foreign and local investors betting on Vietnam’s new legislation which allows...
17th March
‘Political risks’ expected to delay Cebu casino
A group of potential investors in the US$1.4-billion casino project on the Philippine island of Cebu has dropped out due to...
6th March
South Korea’s gambling revenue nears $18bn in 2016
Increases in gaming and lottery sales of 7.7% for 2016 saw South Korea’s gambling industry generate a total of KRW 20.3tn...
2nd March
Macau’s February growth exceeds analysts’ expectations
Monthly gross revenue from games of fortune in Macau climbed by 17.8% to 23bn patacas in February, marking the seventh month...
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...
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