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Asian Gambling Briefing

This year's Asian Gambling Briefing, scheduled for 21 to 23 October in Singapore promises to be one of the best yet, and comes at a time when the Asia Pacific market is busting out all over.
According to PricewaterhouseCoopers, the Asia Pacific region, particularly Macau, Singapore, and Thailand, are expected to be the world's fastest growing gaming markets, with projected annual increases of 15.2 percent over the next five years. PWC forecasts that Asia Pacific revenues should mushroom from $18.3 billion in 2007 to $37.2 billion in 2012.
With the explosion in the number of casinos, integrated resorts, as well as betting sites, lottery operators and land-based tournaments, comes the need for regulation. Many Asian countries are considering legalising casinos but, even in the jurisdictions where it is currently legal, there are still many grey areas and uncertainties. This makes it difficult to ascertain where the true opportunities lie and what sorts of returns can be expected on an investment. AGB intends to dispel that uncertainty.
Organised by Clarion Gaming, the Asian Gambling Briefing brings together some of the top minds in gaming law and regulation, featuring prominent speakers ranging from eCOGRA's CEO Andrew Beveridge and legal expert Prof. I. Nelson Rose to Shi Yongyan of Anti-Money Laundering Bureau, People's Bank of China and Christopher Parker, CEO & Chairman, Asian Poker Tour. Many other senior company executives with experience in the region will share their knowledge and strategies.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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