“The current length of evaluation at the national level is not doing any favors for these Japanese markets to generate excitement or momentum for operator and investor interest.”
— Joji Kokuryo, general manager, Japan-based gaming firm Bay City Ventures, who says Japan’s protracted approval process for IRs could quench investor ardor
“This sector has turned one vice, which is gambling, into a host of more serious problems like kidnapping, serious physical injuries and human trafficking.”
— Grace Poe, Philippine senator, who with other senators is pushing for the cessation of these virtual offshore casinos
“Most of our young people cannot find jobs after high school. My family’s income for a whole year is less than US$1,600. [My son] would earn that much in a month in the Philippines.”
— Chao O Pet, father of a Vietnam job-seeker who aspires to join the Philippines online gaming sector, despite its association with crimes against workers.
“Macau’s new gaming law has accelerated the demise of the VIP gaming segment, and we expect that the demand for electronic gaming machines should continue to grow.”
— Paradise Entertainment Ltd., which develops, sells and leases electronic gaming equipment, finding the bright side of Macau’s VIP segment downfall
“This is a new day and new conversations can be had about a new future. I think that is probably a window into how things have changed, and why we can potentially get it across the finish line.”
— Cameron Miller to the Nevada Independent, on his proposed constitutional amendment to repeal the state’s 159-year-old constitutional ban on lotteries, as lawmakers seek to recapture revenue lost to the California Lottery
“In the last 15 months we have taken unprecedented action against gambling operators, but we are now starting to see signs of improvement. There are indications that the industry is doing more to make gambling safer and reducing the possibility of criminal funds entering their businesses.”
— Andrew Rhodes, chief executive officer of the U.K. Gambling Commission, on recent record fines against William Hill and Entain for falling down on the job of enforcing social responsibility and AML standards
“You agreed to it.”
— Joseph Addabbo, New York State Senator, reminding sportsbooks that they agreed to the 51 percent tax rate.
“I have faith that as time goes on there will be a path.”
— Jason Robins, CEO of DraftKings, still stung by a massive and expensive defeat in California. He’s speaking about the eventual coming together between sportsbooks and tribal casinos to move forward in California.
