The local media Macaudailytimes reported that the casino operators in Macau are frightened for their license renewals, expected to happen in 2020, as the government embarked on a land reversion hunt enforcing the Macau Land Law. This gave rise to concerns about the possible revocation of the operators’ land rights […]
The international sports betting and gaming operator Paddy Power Betfair officially announced that the company’s Chief Executive Officer Breon Corcoran is on his way to resign from his position. This led to negative reactions on the stock market, which resulted in a sharp stock decline, estimated to be 4%. After […]
A Delaware-based company, representing the current President of the United States Donald Trump was reported to have filed 4 trademark applications in Macau under the President’s name, one of which is aiming to open a casino facility in the in the southern Chinese gambling Mecca. On 7th June, online documents […]
The London-listed online payment company Paysafe agreed to the terms and conditions of the £2.9 billion takeover offer from the private equity companies Blackstone and CVC Capital Partners, which resulted in Paysafe’s market price per share to go up with a jump. Paysafe’s shareholders agreed on the terms of the […]
Online and offshore gaming operators, holding a license issued by the Cagayan Economic Zone Authority (CEZA) but operating under another jurisdiction than CEZA’s are said to be the company’s main taxpayers, totalling more than 80% of its income. Rappler media reported that on Wednesday, 2nd August, Cagayan Economic Zone Authority […]
Many sports federations warned that the recently-introduced by President Uhuru Kenyatta legislation, aiming to double up taxation on betting companies to 35%, may damage the betting industry in Kenya, vexing operators to leave the local gaming market and never look back again. A number of organizations and federations, which are […]
The Japanese government is to hold public hearings in 9 cities across the country, aiming to explain the policy, which is to regulate the nascent casino industry and allow nationals to express their opinion on the matter. From 17th to 29th August a special committee, appointed by the government to […]
The introduced legislation, which seeks to regulate the daily fantasy sports (DFS) contests in the New Jersey seems to move a step forward. After the State Senate voted in favor of the bill on 30th June, now the piece of legislation is at Governor Chris Christie’s desk, waiting for his […]
On Monday, 31st July, the Lottery Commission approved Imperial Pacific International’s (IPI) request to amend their casino license agreement, aiming to win more time for the completion of its Phase One and Phase Two of the project. In return, the company promised to secure a stable revenue for the Community […]
After a meeting on Monday, 31st July, a key Japanese government panel suggested a whole package of harsh restrictions on the operation of the upcoming casino industry in Japan, which might vex and even push back the casino operators, who are eager to invest loads of money in establishing a […]
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