Singapore to Enact Stricter AML Measures
In light of fresh concerns about money laundering, Singapore casinos will soon begin conducting financial due diligence on all cash deposits exceeding SG$4,000. The current threshold is SG$5,000.
ASIAN GAMING
Thailand PM Talks Benefits of Casinos
In his first televised public address, Thai Prime Minister Srettha Thavisin (l.) talked up integrated resorts with casinos as a way to curtail illicit gambling in the country. An...
Dennis Uy: Philippine Casino Sale to Close in July
Billionaire Dennis Uy’s PH Resorts Group Holdings Inc. says a sale of the unfinished Emerald Bay Resort (l.) in Cebu, Philippines has not collapsed, but will close as planned...
Macau Gaming Slowing, but Stable
A new study from Macau’s Center for Gaming and Tourism Studies says the world’s premier gaming hub may not return to its pre-Covid dominance due to many factors, including...
Macau Study Ties High Minimum Wagers to Gambling Debt
Macau gamblers could be racking up unsustainable debt because of higher minimum wagers at table games. A new study says more than 30 percent of callers to problem gambling...
Genting Exec: RWG Casinos Closed Only for Renovation
At a recent shareholder meeting, Genting Malaysia Berhad President and COO Tan Kong Han said closures at two casinos in Genting Highlands are temporary, and don’t mean trouble in...
Philippine Junket Shuts Down, Insists Move Is ‘Temporary’
Dowinn Group, a Philippines-based casino junket, suspended operations last week in what a spokesperson called an “emergency temporary” measure. But insiders claim the business has “collapsed.”
More Casinos in the Philippines? Tengco Says Yes
Alejandro Tengco (l.), the head of the Philippine Gaming and Amusement Corp. says there are enough integrated resort complexes in Metro Manila, but the industry could grow outside the...
Thai Casino Report Due by July 20
Thailand’s finance ministry will submit its report on legal casinos to the cabinet by the end of July. The study will look at the economic, social and cultural effects...
Philippine Officials Pledge to Shut Down Illegal POGOs
The Philippines gaming regulator says up to 300 unlicensed offshore gambling operators may be doing business in the country, with some involved in criminal activities. Officials are strengthening efforts...
Minority Investor Buys Controlling Stake in Korean Casino
An investor in MegaLuck Company Ltd., operator of MegaLuck Casino (l.) in South Korea, has acquired a majority stake in the company from New Silkroad Culturaltainment. Yu Cheng Kuo...
Macau Cracking Down on Casino Freebies?
The Macau government reportedly has asked casino concessionaires to stop offering perks like free food and drink to their customers. Why? The practice is supposedly taking a bite out...
Thai PM Pushes Ministry to Finish Casino Study
Prime Minister Srettha Thavisin of Thailand is pressing Deputy Finance Minister Julapun Amornvivat to complete a study on legal casinos, with a possible goal of getting an industry up...
Alliance Denies Potential Misconduct from Former Newport Execs
The abrupt exit of Newport World CEO Kingson Sian, COO Hakan Dagtas and CFO Bernard Than have sparked rumors of “potential financial misconduct.” Parent company Alliance Global denies this.
In Cambodia, Low Gaming Taxes Bring Mass Players
Lower taxes on GGR attract more mass players to Cambodia, says gaming commission advisor Daniel Li. Mass revenues are taxed at 7 percent, versus about 35 percent in Vietnam...
UEC May Seek Damages from Former CEO
Japanese conglomerate Universal Entertainment Corp. could file suit against former director, president, CEO and CIO Jun Fujimoto, who allegedly breached his fiduciary duties in a $43 million money transfer....
Executive Shakeup at Newport Philippines
In a surprise exit June 1, top executives at Newport World Resorts in Manila followed retiring CEO Kingson Sian out the door. On the same day, COO Hakan Dagtas...
Macau Survey: Premium Mass a Hedge Against Soft Economy
A CSLA survey says 78 percent of Chinese premium mass gamblers plan to visit Macau at least twice over the next year, up from 57 percent in 2019. The...
Wong: Loan Sharks More Organized in Macau
Illegal money exchange operators who frequent Macau casinos are becoming more sophisticated and organized, and also moving into loan sharking, says Secretary for Security Wong Sio Chak.
Koreans Top the List of Foreign Visitors to Macau
More than 192,000 South Koreans have visited Macau so far this year, putting them at the top of the list of international visitors. That figure could grow this year,...
Top Podcast box
November 27-28: Eastern European Gaming Summit, Inter Expo Center, Sofia, Bulgaria. Produced by the Association of Gaming Industry in Bulgaria. For more information visit eegamingsummit.com.
November 27-28: GAT Caribe Cancun, Cancun International Convention Center, Cancun, Mexico. Produced by 3A Producciones. For more information visit 3aproducciones.com/.
December 2-4: Thai Entertainment Complex Summit, Bangkok Marriott Hotel The Surawongse, Bangkok, Thailand. Produced by Winna Media. For more information visit winnamedia.com/.
December 4: Global Regulatory Awards, Grand Connaught Rooms, London, UK. Produced by Vixio. For more information visit gamblingcomplianceawards.com/.
December 9-11: Global Symposium on Racing, Loews Ventana Canyon Resort, Tucson, Arizona. Produced by University of Arizona. For more information visit rtip.arizona.edu/.
December 12-15: National Council of Legislators from Gaming States (NCLGS) Winter Meeting, Caesars New Orleans. For more information visit www.NCLGS.org.
January 20-22: ICE Barcelona, Fira Gran Via, Barcelona, Spain. Produced by Clarion Gaming. For more information visit www.icegaming.com.
January 27-29: AML Fundamentals + AML for Casinos, Hilton San Diego Airport/Harbor Island. Gain insights into latest AML practices, regulations, and challenges for casinos. Produced by Skilld. For more information visit skiild.com/aml-event-2025 or contact events@skiild.com/888.333.3039.
November 27-28: GAT Caribe Cancun, Cancun International Convention Center, Cancun, Mexico. Produced by 3A Producciones. For more information visit 3aproducciones.com/.
December 2-4: Thai Entertainment Complex Summit, Bangkok Marriott Hotel The Surawongse, Bangkok, Thailand. Produced by Winna Media. For more information visit winnamedia.com/.
December 4: Global Regulatory Awards, Grand Connaught Rooms, London, UK. Produced by Vixio. For more information visit gamblingcomplianceawards.com/.
December 9-11: Global Symposium on Racing, Loews Ventana Canyon Resort, Tucson, Arizona. Produced by University of Arizona. For more information visit rtip.arizona.edu/.
December 12-15: National Council of Legislators from Gaming States (NCLGS) Winter Meeting, Caesars New Orleans. For more information visit www.NCLGS.org.
January 20-22: ICE Barcelona, Fira Gran Via, Barcelona, Spain. Produced by Clarion Gaming. For more information visit www.icegaming.com.
January 27-29: AML Fundamentals + AML for Casinos, Hilton San Diego Airport/Harbor Island. Gain insights into latest AML practices, regulations, and challenges for casinos. Produced by Skilld. For more information visit skiild.com/aml-event-2025 or contact events@skiild.com/888.333.3039.
