Tag: Insights

India’s Supreme Court has dealt a blow to the country’s lottery business, upholding the constitutional validity of imposing a General Services Tax (GST) on sales and winnings of lottery tickets.

If an IR is one day built in Tomakomai city, it will certainly be due to the dogged persistence of its municipal government, which has put forward yet another set of proposals to sweeten the pot and to encourage Hokkaido Governor Naomichi Suzuki to change his mind and authorize an IR licensing bid.

Paradise Entertainment, like the majority of the companies in the global gaming industry, has been hit hard by the pandemic, but has taken measures to reduce costs and is counting on technology and new products to help drive the rebound.

Paradise Co. has turned in its November sales figures, and they are quite grim. Casino net revenues for the month reached only KRW9.74 billion (US$8.9 million), down 85.4 percent from the previous November’s figure.

Locals seeking staycations are likely to provide strong support for Summit Ascent in the short term until international travel resumes, Citic Securities analysts wrote in a note.

Joji Kokuryo, managing partner of Bay City Ventures, speaks with Michael Penn, the executive editor of AGB Nippon, about the candidate locations to host an IR in Japan.

Japanese online casino operators are increasingly turning to cryptocurrency and digital wallets to solve their payment problems over traditional methods.

The CNMI Senate passed on a 6-1-1 vote a bill that would legalize and regulate the creation of an online gambling industry on Saipan, Tinian, and Rota.

Macau’s monthly revenue disappointed to the downside again in November, prompting another round of estimate cuts and further pushing out the prospects for a full recovery.

It's still unknown whether Macau's gaming sector is on the path to recovery, with conflicting reports over the last month signaling both good and bad news over the medium term.