According to Moody’s, there will be a long-rebound period for the Asia-Pacific gambling industry after the coronavirus pandemic. The credit rating company expects earnings in Singapore, Macau, and other parts of the region to remain depressed. Macau casinos are still closed, and their revenue dropped by 90 percent for three straight months. Also, China doesn’t […]
A portion of the Japanese population fears that integrated resorts will lead to an increase in gambling problems in the country. However, a study showed the opposite that integrated resorts lower gambling addiction. In November 2008, professor Bill Eadington from the University of Nevada wrote an article called The Case for Integrated Resorts. He described […]
The Chinese government is struggling to stop the cross-border flow of funds used for gambling. It coincided with the recent news that China implements stricter AML measures. The People’s Bank of China tagged the anti-money laundering measures as necessary. However, JP Morgan Securities said that the measures were not to prevent money laundering activities. Instead, […]
In the English Premier League, half of the teams had gambling or bookie sponsors. Also, 17 out of out 24 Championship teams had gambling sponsors. However, there are no bookie sponsors in Japanese football. Gambling firms accounted for 12 percent of the total sports sponsorship in the UK in 2019. One of the most popular […]
The man known as Macau casino king died at age 98. Stanley Ho built his gambling empire from scratch and became one of the richest men in Asia. The gambling tycoon loved dancing and don’t one people close to him to gambling. Ho was still the head of SJM Holdings at the time of his […]
Prime Minister Shinzo Abe of Japan came under fire Friday after the prosecutor gambling scandal. Although Hiromu Kurokawa already resigned, people are scrutinizing his close relationship with the Abe. Kurokawa resigned from his position after a news report exposed his gambling session with reporters during the state of emergency. It came in a time when […]
Legalizing casinos promised a golden era of tourism in Japan. However, it seems like Japan casino plans are going nowhere. Las Vegas Sands surprised everyone by announcing they don’t want to take part in any casino project in the country. There were already doubts about the casino projects after a bribery scandal. With Las Vegas […]
Silver Heritage Group Ltd, a boutique Asian casino operator, started its cost-cutting strategies. The company faced financial difficulties as its hotel and casino operations in Nepal remained closed. However, the firm didn’t provide any detail about its cost-reduction measures. The casino operator told online bookie software providers that it is ready to reopen once the […]
It looks like pachinko betting gamblers in Japan are ignoring Prime Minister Shinzo Abe’s declaration of a state of emergency in Tokyo and other prefectures. There are still long lines outside parlors. Pachinko is a $192 billion industry. Gamblers try to win money by playing pinball-like devices. However, it came under scrutiny after Abe’s order […]
While many sportsbooks across the globe are struggling in finding betting options during the COVID-19 pandemic, some Asian betting sites have found themselves a profitable niche. According to online gaming news, several websites are targeting Asian players by offering various coronavirus betting options. One offshore betting site is offering coronavirus wagering on the last digit […]
