Analysts estimate that Macau’s casinos have exceeded US$1 billion in cumulative Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the first quarter of 2023, marking the highest figure since the Covid-19 pandemic began in early 2020. The total Gross Gaming Revenue (GGR) for the first quarter of the year has reached MOP34.64 billion (US$4.29 […]
PAGCOR has issued a warning in light of reports indicating the widespread proliferation of illegal online betting. The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a public advisory cautioning against illegal gambling. In a statement, PAGCOR emphasized that engaging in unauthorized gambling is not only a criminal offense but also puts individuals at risk […]
To diversify their customer base beyond mainland China, casinos in Macau have implemented measures to attract visitors from other jurisdictions. As an incentive, Macau has encouraged casino operators to establish gaming rooms exclusively for foreigners, reducing their reliance on high-rollers from mainland China. As per the news agency Lusa, five casinos in Macau have responded […]
The IR District Development Plan for Osaka submitted in April 2022 marks the anticipated first approval for a casino in Japan. Anticipated approval for Osaka’s integrated resorts (IR) plans is expected to be granted by Prime Minister Fumio Kishida and relevant ministers at a task force meeting scheduled for Friday, April 14. This significant milestone […]
The All India Gaming Federation (AIGF) contends that the recently enacted ban on online gaming in Tamil Nadu is misguided as it fails to differentiate between games of skill and gambling. AIGF, the All India Gaming Federation, has announced its plans to legally challenge the recently passed bill that bans online gaming in the state […]
In April 2022, Osaka submitted its District Development Plan for an integrated resort. However, opponents of the project intend to make it a prominent issue during the upcoming elections. The upcoming mayoral elections in Osaka are expected to feature heated debates on the city’s proposal to establish an integrated resort that includes a casino. While […]
The Indian state of Goa permits gambling, which is legal in only a few other states. The chief minister of Goa, Pramod Sawant, has stated that new regulations for casinos will soon be implemented under the Goa, Daman, and Diu Public Gambling Act. During his budget speech in the Assembly on March 29, Goa’s Chief […]
Sands China says it is committed to develop non-gaming projects in Macau. The president of Sands China has stated that Macau needs to enhance its non-gaming offerings in order to appeal to a wider range of international visitors. Wilfred Wong, the president and executive director of Sands China, is advocating for the expansion of Macau’s […]