Cambodian Prime Minister Hun Manet is banning the building of new casinos in the provinces of Kep and Kampot. It's a bold move for the government, which acknowledges the financial contribution casino tax revenue contributes to the country's economy, but is also looking to diversify Cambodia's tax base. Across Cambodia, there are currently 184 licensed…
Gambling regulators at Singapore's Ministry of Home Affairs (MHA) are overhauling their country's gaming code with an emphasis on re-defining what is actually gambling and how violators of the Remote Gambling Act should be punished. It's part of a multi-year effort to put the country's gaming code in line with contemporary technology. One of the…
One sure bellwether for the global recovery from the pandemic is the health and well being of Macau. The special administrative region, and its wealth of world-class casinos is economic engine that drives huge revenue for Chinese businesses, but has been shut off to foreigners since the pandemic began. This week, The Government Information Bureau…
The coronavirus that's spreading across Asia, and the rest of the world is having a huge impact on the Asian gambling business and the situation, apparently, is only going to get worse. Chinese gambling workers are being barred from some Asian countries and the casinos in Macau could close down for an indefinite time; and…
As the coronavirus crisis unfolds in China, it's having a huge impact on businesses of all kinds, including gambling operators. In Asian markets, in particular, gambling operators are taking a hit as China has all but shut down for business during the busy Lunar New Year holiday. Already stocks in companies that run Macau casinos…
The rapidly spreading coronavirus is having a massive impact on the global gambling industry with impact being felt in both land-based casinos and investor's wallets. Across Asia, casinos that would normally be packed with travelers, particularly those in Macau, are seeing a rapid drop in their business. Stock prices for gambling operators who run those…
Cambodian strong man Hun Sen is not relenting on his promise to ban online gambling in his country by January, 2020. It's a move that seems counter intuitive to the layman as it will likely cost the country millions in lost tax revenue and will surely open the door for unregulated gambling activity in the…
The president of Uzbekistan is on board with a plan that would allow for regulated sports betting in the country by the year 2021. And while Uzbek officials are excited by the prospects of fresh revenue raised by the effort, they'll be using the money to fund a national soccer program. President Shavkat Mirziyoyev, who…
Online gambling is illegal in most parts of the world but, in most places, the people doing the gambling are not usually the ones who wind up standing before a judge in a court of law when the operation is busted. Like most vices, the customer gets a slap on the wrist while the operator…
Any many countries across the world illicit gambling comes in the form of an innocuous looking machine that sits in the back corner of the local bodega, pub, or social club. These devices usually track the credits a player earns, which are then cashed in and paid out of the cash register. The degree to…
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