Gross revenue of USD 2.654B in March
Macau | 03/04/2017
March saw an increase in gross revenue from Macau’s casinos with 21.232 billion patacas (USD 2.654B) and a positive percentage change of 18.1%, the highest of the year, according to figures from the Gaming Inspection and Coordination Bureau.
Amid concerns of oversupply
Philippines | 31/03/2017
The Philippines will not issue any more casino licenses in the capital for five years; the industry regulator is heeding oversupply concerns among existing investors.
Adopters and bitcoin companies in limbo
Japan | 31/03/2017
As a Japanese Cabinet-signed law recognizing virtual currencies like bitcoin as a legal method of payment goes into effect on April 1, bitcoin companies and adopters are short on answers about accounting standards specific to cryptocurrencies.
Gov’t continues crackdown on gambling
China | 30/03/2017
China's Public Security Minister vowed to investigate and "severely punish" people or companies involved in organizing Chinese tourists to visit overseas casinos, a worrying development for Crown Resorts employees detained in Shanghai.
"We intend to capitalize on the Monte-Carlo brand"
Japan | 30/03/2017
Macau casino operator Galaxy Entertainment Group Ltd (0027.HK) on Wednesday said it has partnered Societe des Bains de Mer (SBM) (BAIN.PA), hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market.
Lawmakers concerned about addiction before casinos introduced
Japan | 30/03/2017
As Japan prepares for its first Las Vegas-style casino resorts, the government is considering restrictions on existing gambling establishments, including pachinko parlors and race tracks, in a bid to tackle addiction.
From April 1 till September 30
India | 28/03/2017
The Goa government granted six months extension to five offshore casinos to relocate from river Mandovi here.
Operator plans to spend up to USD 5.5B on the development of the two new phases
Macau | 28/03/2017
Galaxy Entertainment Group (GEG) is planning to complete and launch Phases 3 and 4 of its Cotai Strip property Galaxy Macau by 2018 and 2020, respectively.
India
India | 27/03/2017
The Goa Cabinet on Monday sought three months’ time to workout an alternate site for off-shore casinos presently operating at the mouth of the river Mandovi.
KPMG report finds India’s gaming industry is estimated at around USD 60B per year
India | 22/03/2017
Online gaming has gained significant traction in the digital space in recent times. Websites such as Khelo365 and Adda52 now offer a host of traditional casino games and give individuals a chance to hit the jackpot. While the websites assure players that the platforms are 100% legal and secure, the jury is still out on this issue.
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