Fifteen men in North Sumatra have been sentenced to 10 months in jail and fined Rp50m (US$3,362) each for their involvement in illegal online gambling. A verdict has been reached in a court in Medan District, North Sumatra, against 15 men who were found guilty of participating in illegal online gambling. Each of them has […]
PAGCOR has extended recognition and awards to three employees, including the topnotcher, for their successful completion of the exam in 2022. At the Executive Committee Meeting held at the PAGCOR Executive Office in Manila on April 19, the Board of Directors, headed by Chairman and CEO Alejandro Tengco, bestowed honors upon the topnotcher and other […]
Two individuals from Mumbai have been arrested by the rural police in Pune, Maharashtra, for their alleged involvement in illegal betting on IPL matches. The suspects, Rajivan Singh and Maskinsingh Rajendrasingh Arora, were apprehended after a raid on a bungalow in Tungarli village based on a tip-off. During the raid, the police seized seven cell […]
Goa Boasts Ten Onshore and Six Offshore Casinos in Full Swing, Government’s Move to Conceal Casino Branding during G20 Meetings Raises Eyebrows. The G20 Meetings in Goa See Participation from Over 180 Representatives, Former Mayor Expresses Surprise at Government Covering Casino Branding With delegates from 19 member countries, ten invited states, and 22 international organizations […]
Morgan Stanley‘s projection indicates a quarter-on-quarter improvement of approximately 4% for Genting Singapore’s Q1 EBITDA. Furthermore, this estimate surpasses the market consensus of SGD 252 million. As per Morgan Stanley’s forecast, Genting Singapore is anticipated to generate SGD 268 million (equivalent to US$ 201 million) in Earnings Before Interest, Taxes, and Depreciation (EBITDA) for the […]
The Macau government has introduced a bill that, if approved, would replace an existing gaming credit law. The proposed bill specifically requires junket operators to establish formal contracts when extending credit to players. This is part of the government’s efforts to regulate and oversee the junket industry, potentially mitigating risks associated with illegal activities and […]
Levo Chan Weng Lin, the ex-leader of Tak Chun Group, a junket operator, was arrested in January 2022 on charges of organized crime, illegal gaming activities, fraud, and money laundering. Levo Chan Weng Lin, the former leader of the now-defunct Tak Chun Group junket operator, has been sentenced by the Macau Court of First Instance […]
The Group’s Q1 EBITDA reached US$398 million, while net revenue saw a remarkable year-on-year increase of 132%. Sands China has released its financial results for Q1 2023, revealing a net revenue of US$1.28 billion, marking a significant 132% increase compared to the previous year. The company also reported a reduced net loss of US$10 million, […]
As the international operators have concentrated their presence in a handful of territories with industry-friendly regulatory regimes, life in these point-of-supply jurisdictions has undergone significant changes. Here are some ways life has changed in these territories: Economic Growth: The concentration of international operators in these territories has led to a significant boost in their economies. […]
Sportradar collaborates with Delhi Capitals Academy to leverage their live-streaming technology solution, FrogBox, to enhance talent identification and development efforts, while also engaging fans through innovative solutions. Sportradar has recently unveiled its collaboration with Delhi Capitals, as the official technology partner for Delhi Capitals Academy. This three-year partnership aims to elevate the Delhi Capitals Academy […]