William Bolton Editor
Comment August 2024
Once again, our August issue is a round-up of all the market reports G3 has created over the last year, as well as those created thus far by our new partners, 4H Agency. Here I'll focus on our Southeast Asia reports comprising Cambodia, the Philippines and Macau, where unsurprisingly China's growing influence is a recurrent theme. As well as featuring one of our better standfirst's about a hornet's nest, rotten branches and smoothies, our Cambodia report hones in on the explosion of Chinese backed casinos during the last decade, their disappearance during the pandemic and the subsequent series of issues that have plagued the industry, leaving the market in a state of limbo.
China has urged the Philippines to put a stop to online gambling for several years, citing its links to money laundering, extortion, and kidnapping, and it seems they are finally being listened to. President Marcos is taking a hard line on the issue, banning Philippine Offshore
CHINA HAS URGED THE PHILIPPINES TO PUT A STOP TO ONLINE GAMBLING FOR YEARS. IT SEEMS THEY ARE BEING LISTENED TO.
Gaming Operators (POGOs) and giving the gaming regulator until end of year to shut down these businesses. It's a live issue, with the immigration chief, Norman Tansingco, saying in a statement last month that foreign workers had 59 days to leave the country or face deportation. Around 20,000 people are expected to be affected by the order, most of them Chinese citizens.
Links to China needn't be explained for our Macau report that also features an insightful article from Pedro Cortés, Managing Partner at legal firm Rato, Ling, Lei & Cortés, Lektou. Condensing rather complicated legislative matters into something readable, Pedro concludes that the government of Macau seems determined to expedite the region's return to prosperity by "skipping stages". Drawing parallels to Las Vegas in the 1980s when it underwent a shift from gaming to entertainment, gaming remains the primary driver of Macau's economy and it will take several years to transition towards a more non-gaming focused approach in an innovative manner, notwithstanding existing bureaucratic hurdles.
EDITORIAL ADVERTISING G3 Editor
William Bolton
william@gamingpublishing.com +44 (0)7714690817
G3Newswire Editor Phil Martin
phil@gamingpublishing.co.uk +44 (0)7801 967714
Deputy Editor Karen Southall
karensouthall@gmail.com
Managing Director Lewis Pek
lewis@gamingpublishing.com
International Reporter James Marrison
CONTRIBUTORS
James Marrison, Karen Southall, 4H Agency, Paolo Ruscitti, Pedro Cortés, Paul Burns, Hennadiy (Gena) Novikov
Commercial Director James Slattery
james@gamingpublishing.co.uk +44 (0)7814227219
Advertising Executive Alison Dronfield
alison@gamingpublishing.co.uk +44 (0)1204 410771
Advertising Support Executive Jodie Pek
jodie@gamingpublishing.co.uk
Digital Marketing Assistant Lauren Mellor
lauren@gamingpublishing.co.uk
Chairman John Slattery
john@gamingpublishing.co.uk +44 (0)7917166471
DESIGN & ADMIN
Senior Designer Gareth Irwin
Production Manager Paul Jolleys
Commercial Administrator Jennifer Pek
Subscriptions Manager Lisa Nichols
P4 WIRE / PULSE / INSIGHT / REPORTS
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164
