M88 Mansion sponsors Manny Pacquiao for upcoming exhibition fight
Manny Pacquiao will face martial artist DK Yoo in a six-round middleweight bout on December 10, 2022, at the Seoul Arena in Seoul, South Korea.
Ahead of the scheduled bout, Pacquiao has planned to spend a training session with M88 Mansion, Asia's Online Casino Giant.
With Pacquiao on board, the gaming operator has also hinted at featuring the eight-division World Champion in possible exhibition boxing matches and other engagements throughout Asia.
The Star Entertainment fined (again) AU$100m by Queensland Government
The Star Entertainment Group has been hit with AU$100m (US$67.6m) in fines by the Queensland Government following ‘major failings’ at its casinos.
The Government also deferred suspension of the group’s casino licences for a year to monitor operations in the state.
The Star has been given 12 months to pay the fines, while its casino licences for Treasury Brisbane and The Star Gold Coast will be suspended for 90 days, but that action has been deferred until 1 December 2023.
Elsewhere this week...
Screening process for Osaka & Nagasaki casinos may delay opening
Japan’s land ministry has said it will be difficult for it to decide by the end of 2022 whether to approve the proposals of the Osaka and Nagasaki prefectures to host casino resorts.
As a result, the ministry has said it will likely have to delay the planned openings of such casinos, which were set to be opened in 2029 (Osaka) and 2027 (Nagasaki).
AUSTRAC to commence Federal Court proceedings against SkyCity Adelaide
SkyCity Adelaide will have civil penalty proceedings commenced against it in Federal Court by the Australian Transaction Reports and Analysis Centre (AUSTRAC). This is for alleged serious and systemic non-compliance breaches with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
The civil proceedings were initiated after an enforcement investigation into the operator was completed in June last year.
Jade Entertainment and BetConstruct launch Jade Sportsbet in the Philippines
Jade Entertainment has launched a new sportsbook in the Philippines, Jade Sportsbet, with its partner BetConstruct.
Jade Entertainment’s new sportsbook will be available in retail locations and online, at jadesportsbet.com. The operator was runner-up for Casino Supplier of the Year at the inaugural Global Gaming Asia Awards in 2022. The company says the release of its sportsbook was designed to align with the new NBA season and the FIFA World Cup 2022.
Singapore’s annual revenue soars
A total of SG$9.2bn (US$6.78bn) was spent on Singapore gambling over the last financial year, on games such as football, 4-D and Toto. This is the largest amount placed on such games in the past decade, as Singapore sports and lottery betting rose 40% annually.
A spokesman for the Tote Board, Singapore’s gaming revenue channel, stated that the sums wagered on lotteries and sports increased due to the country lifting Covid-19 restrictions. The Tote Board operates Singapore Pools and Singapore Turf Club which runs horseracing, football and motor racing betting.
Tiger Resorts Leisure and Entertainment (TRLEI), operator of the Okada Manila casino and resort, has generated PHP 10.2bn ($181.8m) in GGR for Q3 2022, up 141% year-on-year.
A subsidiary of Universal Entertainment, the casino operator’s adjusted segment EBITDA was also up markedly, from PHP 443m in Q3 2021 to PHP 2.4bn in Q3 2022.
Gross gaming revenue from VIP table games generated PHP 3.96bn for Q3, the most of TRLEI’s gaming segment.