A Monumental Leap in iGaming: Philippines Shatters Revenue Records In a remarkable year for the Philippines’ iGaming sector, the country witnessed its revenue skyrocket to PHP58.16 billion in 2023, marking an unprecedented milestone that nearly doubled the earnings from the previous year. This colossal 92.3% increase from 2022’s PHP30.24 billion, and an 80.4% surge past […]
Awaiting Justice: The Supreme Court’s Pause on Tamil Nadu’s Online Gaming Legislation In a significant turn of events, India’s Supreme Court has adjourned the much-anticipated proceedings concerning the Tamil Nadu government’s appeal against the Madras High Court’s decision to annul the ban on online gaming. This delay, prompted by a request due to the absence […]
A New Benchmark in Luxury Gaming: Mohegan Inspire Korea’s Grand Opening This Saturday marks a monumental moment in South Korea’s gaming and hospitality industry with the grand opening of Mohegan Inspire Resort. Situated in the vibrant locale of Yeongjongdo, Incheon, this integrated resort (IR) introduces the first foreigner-only casino in the nation in nearly two […]
Unlocking Asia’s Gaming Potential: Where to Invest in 2024 As the Asian economy rebounds with vigor, the gaming sector stands out as a beacon of growth and opportunity. With an expected expansion of 5% in 2024, the continent’s markets are ripe for investment, particularly in the dynamic field of online gaming. Let’s delve into the […]
In the relentless battle against illegal gambling, the Philippine Amusement and Gaming Corp (PAGCOR) is unveiling a strategic shift aimed at reducing the government’s share in casino revenues. With the chairman and CEO, Alejandro Tengco, at the helm, PAGCOR plans to trim the government’s take from the current 42.5% to 37.5% by March, with a […]
Historic Milestone: Kyrgyzstan Issues Its First Online Casino Licenses In a groundbreaking development for the Kyrgyzstan gambling industry, the country has taken a significant step by issuing its first-ever online casino licenses. Palmium and Internet Technologies Venice are the pioneers who have been granted these coveted licenses, marking a new era in Kyrgyzstan’s approach to […]
In a startling turn of events, the Philippines Bureau of Immigration finds itself under intense scrutiny. Allegations of issuing thousands of fake work visas to fictitious corporations, particularly those tied to Philippine Offshore Gaming Operators (POGOs), have ignited a firestorm of concern. Justice Secretary Jesus Crispin Remulla has stepped into the fray, vowing to unearth […]
A resounding call to action echoes through China as Senior Official Wang Xiaohong intensifies the battle against cross-border gambling. With unwavering determination, Chinese authorities are rallying resources and international cooperation to eradicate this illicit trade. In this exploration, we delve into the strategies and measures deployed to combat this growing menace, guided by Wang Xiaohong‘s […]
In a sweeping crackdown on illegal gambling operations, the tranquil shores of Goa have borne witness to a high-stakes showdown. Goa‘s law enforcement authorities descended upon the Novotel Hotel, Candolim, where the Ocean 7 Casino was allegedly hosting illicit gaming activities without a proper license. The result? A jaw-dropping spectacle of 11 individuals in custody […]
Get ready for a promising journey through the landscape of the Philippines stock market in 2024, where optimism shines bright. First Metro Investment, the financial powerhouse of the Metrobank Group, unveils a compelling outlook that anticipates significant growth. In this insightful exploration, we dive into the factors that fuel this optimism, with the gaming and […]