Inside Asian Gaming (IAG) is a Macau-based trade publication founded in 2005 covering the casino and gaming industry across Asia-Pacific, publishing a monthly magazine, daily news, market analysis and its annual Asian Gaming Power 50 ranking of the region's most influential executives, and organising industry events. It is the longest-running English-language gaming trade title in Asia and is read across Macau, the Philippines, Singapore, Australia and Japan.
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Chairman Alejandro Tengco told the IAG Academy Summit the split of PAGCOR's regulator and Casino Filipino roles now waits on the Office of the President, and that a PAGCOR app to steer players to licensed sites lands in the fourth quarter.
The Statistics and Census Service's annual survey shows receipts up 8.8% and gross surplus up 9.3%, but the spend on player rebates and commissions rose 11.6%, the second year running it has outpaced the top line.
The Department of Internal Affairs says three-quarters of the country's 32 pokie trusts were non-compliant, a third engaged in deliberate "creative accounting", and NZ$11.5m has so far been committed back to communities. One trust lost its licence for six days.
A Hong Kong default judgment against a Macau high roller cannot be enforced in Singapore because gambling debts offend the country's public policy, the High Court has ruled, even where the gambling was lawful at a licensed casino. The decision unsettles a 2004 precedent and the way Asian casinos extend credit to customers whose assets sit in Singapore.