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Macau Launches Digital Currency; May be Linked to RMB, HKD
Macau aims to connect its digital Macau Pataca with the digital renminbi and digital Hong Kong dollar through its e-MOP prototype,...
Dec 17, 20243 min read
39


PAGCOR Partners with San Miguel Corporation for New Headquarters
PAGCOR will get a new 40,000 sqm. headquarters near the airport, thanks to a 25-year lease with San Miguel Corporation. San Miguel...
Dec 17, 20242 min read
84


Online Gaming Now the Philippines' Largest Gaming Tax Contributor
A report by Morgan Stanley showed the Philippine government collected US$490 million in taxes from the online gaming sector in the third...
Dec 16, 20242 min read
33


Macau Gaming Tax Revenue Hits $1 Billion in November 2024
Macau gaming tax revenue for the first 11 months of 2024 hit MOP81.04 billion ($10.12 billion), up 37.2% year-on-year, per the Financial...
Dec 16, 20242 min read
28


IACAT Notes "Absence of Provision" for Seized POGO Properties
53,700 POGO licenses had been canceled as of November 29, 2024, with 18 internet gaming licensees voluntarily surrendering their permits....
Dec 13, 20243 min read
47


POGOs Brought in P166.49 Billion According to Department of Finance
According to the Department of Finance , the economic costs of POGOs amount to a total of P265.74 billion, which outweighs the supposed...
Dec 12, 20242 min read
45


POGO Exodus Leaves 274,000 sqm of Office Space in 2024
Philippine Offshore Gaming Operators (POGOs) vacate 274,000 square meters of office space in 2024, mostly in the last two months, due to...
Dec 12, 20243 min read
33


Exec Says Macau “No Longer Dominated by Gaming Industry”
Ho Iat Seng, former Chief Executive of Macau, emphasizes his vision for Macau to be 'No Longer Dominated by the Gaming Industry,' aiming...
Dec 12, 20242 min read
28


PAGCOR Projects P350 Billion GGR by End of 2024
PAGCOR Projects a significant decline in online gambling hubs in the Philippines, with only 13 remaining from 298 as of November 30,...
Dec 11, 20242 min read
21


Thailand “Polarized, Skeptical” About Casino Push: Study
Thailand may need to address some legal challenges before legitimizing casinos in entertainment complexes, according to a November 2024...
Dec 5, 20242 min read
37


World Health Organization Calls for Stricter Gambling Regulations
The World Health Organization criticizes pro-gambling advocates, calling for stronger gambling regulations to address the industry's...
Dec 4, 20244 min read
15


Pronet Gaming sets its sights on ICE Barcelona 2025
Pronet Gaming, a leading iGaming platform provider, proudly announces its participation in ICE Barcelona 2025 , set to take place from 20...
Dec 3, 20242 min read
29


Prosecutor to take over Japan’s casino commission anew
A prosecutor is set to be appointed into Japan’s casino regulatory commission, ahead of Osaka’s first integrated resort casino in late...
Dec 3, 20241 min read
17


South Korea Kangwon Land to Invest $128M in Expansion
Kangwon Land, South Korea's only casino for domestic players, plans a $128M expansion to enhance offerings and attract more visitors....
Dec 3, 20242 min read
12


Vietnam's Christmas Present? Curbs on Online Casino Games
Decree 147, which comes into effect on Christmas day, December 25, will prohibit online casino-like games in Vietnam. Vietnam is set to...
Dec 3, 20242 min read
22


Macau Casino Revenues Up 15% to $2.3 Billion in Nov 2024
Macau casinos reported MOP18.438 billion (US$2.3 billion) in gross gaming revenues (GGR) for November 2024, a 14.9% year-on-year...
Dec 2, 20244 min read
121


New Slots to Operate in Casino Filipino Venues by Mid Dec
PAGCOR CEO Alejandro Tengco says their Casino Filipino venues could generate as much as P50 billion (US$847.8 million) when the...
Nov 28, 20243 min read
21


PAGCOR Seeking Partner for Online Casino Launch in 2025
PAGCOR aims to find a joint venture partner for its online casino brand, casinofilipino.com, by early Q2 2025 through a procurement...
Nov 27, 20243 min read
68


Office Market in Metro Manila Hits Negative Net Take-up After POGO Ban
In Q3 2024, the office market in Metro Manila saw a decline in net take-up, marking the first negative quarter since Q4 2021, driven by...
Nov 26, 20244 min read
142


Gaming Industry in Macau Accounts for 38.8% of Structure
The gaming industry in Macau saw a 355% increase in gross value added (GVA), while the hotel sector registered an 88.1% rise in GVA,...
Nov 26, 20242 min read
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