Connect with us
European Gaming Congress Milan
SIS

Asia

Flood in Japan could torpedo the passing of IR bill

Niji Narayan

Published

on

Flood in Japan could torpedo the passing of IR bill
Photo Credits: Max Becherer/AP Photo
Reading Time: 2 minutes

Japan’s parliament has been gearing up to pass the Integrated Resorts (IR) Bill that could legalise casinos in the country by the July 22 deadline.

However, torrential rain over the past few days is fast becoming one of the worst flood catastrophes in Japan in the last three decades.  It is threatening to play spoilsport for the passage of the IR Bill also.

More 7000 personnel have been deployed for the rescue work.  A minimum of 155 folks have died and dozens extra had been lacking on Tuesday after torrential rain-induced landslides and floods all through western Japan.

It’s the very best dying toll brought on by rainfall within the nation for over three many years and round two million folks have been evacuated from the area.

With lower than two weeks to go, it’s probably that lawmakers will probably be targeted on the humanitarian operation quite than the Built-in Resorts Implementation Invoice (IRIB), which has little assist from the populace.

 

Abe Shinzo Cancels Journey

The BBC experiences that over 70,000 staff are concerned within the rescue operation. Many are digging via the mud within the hope of discovering survivors, whereas the chance of additional landslides stays from collapsing hilltops.

On Monday Prime Minister Shinzo Abe, who has mentioned passing the online casino invoice this 12 months is a “high precedence,” returned early from a diplomatic journey to Europe and the Center East to supervise restoration effort.

OUR VIEW IS PURE CATASTROPHE EQUIVALENT TO THIS PROBABLY INTRODUCES A LEVEL OF THREAT TO THE INVOICE’S PASSAGE THAT HADN’T BEFOREHAND BEEN CONTEMPLATED,” – mentioned union gaming analyst Grant Govertsen in an e mail to Ggrasia this week.

However, he added that the passage of an issue playing invoice final Friday instructed that the legislature “nonetheless has the urge for food to maneuver ahead with the IRIB throughout the beforehand anticipated timeline.”

Playing Dependancy Invoice Passes

The Fundamental Invoice on Playing Dependancy Countermeasures is taken into account to have been the final important step earlier than deliberations may start in earnest on IRIB. It handed Friday by a margin of 183-46 within the government-controlled Higher Home.

Casinos have the assist of the ruling coalition; however, the invoice is deeply controversial. Final month, a combat broke out on the usually decorous flooring of the decrease home as opposition politicians tried to stall the invoice’s passage.

Abe’s authorities has been weakened by latest corruption scandals and elections subsequent 12 months are prone to diminish its grip on the higher home, which might make IRIB a heavier raise in 2019.

Ought to the invoice obtain approval earlier than July 22, nevertheless, the primary licenses are anticipated to be issued in 2020, with the primary resorts up and working in 2025.

Source: casino.org

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Asia

Malaysian Budget Increases Gambling Penalties

Niji Narayan

Published

on

Malaysian Budget Increases Gambling Penalties
Reading Time: 1 minute

 

Malaysia’s Finance Minister Lim Guan Eng has announced that the punishments for both gamblers and gambling operators will be increased as part of the country’s 2020 budget. The budget has also set out that the number of four-digit lottery draws per year run by the Number Forecast Operators (NFO) will be reduced from 11 to 8.

It has been found that the maximum penalty for those who gamble illegally will be increased 20-fold from RM5000 to RM100,000. In addition to this, where previously there was no minimum sentence for gambling under the Common Gaming Houses Act of 1953, it will be now carrying out a jail term of no less than six months.

The minimum penalty of RM1m replaces the former minimum penalty of RM5000 for illegal gambling operators. Operating illegal gambling previously carried a maximum penalty of RM50,000, however, no maximum penalty is mentioned in the new budget.

The budget did not detail any changes to the upper limit on prison sentences for online gamblers, however, which is also set at six months for players, or for illegal operators, for whom the maximum sentence is three years.

Continue Reading

Asia

Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019

Niji Narayan

Published

on

Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019
Photo Source: scroll.in
Reading Time: 1 minute

 

Analysts have predicted a decline in Macau’s casino revenue for the fourth quarter of 2019. Financial giant Morgan Stanley said that casino gross gaming revenue (GGR) is likely to be down every month of Q4 in Macau.

Analysts Praven Choudhary, Thomas Allen and Gareth Leung said that October GGR would be 6% down year-on-year. November and December would both register a 9% decline year-on-year, ending Q4 on a bad note.

“We expect Q4 revenue growth for both mass and VIP to decelerate compared to the first nine months in Macau. Driven by high [2018] base, lower [tally of] overnight visitors and general economic slowdown,” the analysts said.

The Morgan Stanley analysts also said that they expect third-quarter property EBITDA to be down 1%. “Also weaker than seasonality of an 8% increase quarter-on-quarter,” they said.

Continue Reading

Asia

Melco Wins Recognition for its Performance on Energy Management and Employee Development

Niji Narayan

Published

on

Melco Wins Recognition for its Performance on Energy Management and Employee Development
Reading Time: 1 minute

 

Melco Resorts and Entertainment has announced that it has been recognised by the 2019 Sustainable Business Awards (SBA) Philippines for its outstanding performance on energy management and employee development.

SBA, Asia’s leading sustainable award platform since 2012, recognises the companies that take a proactive role in tackling social, governance and environmental issues, ranging from climate change to making local communities more inclusive and sustainable.

Melco has been recognised for its workforce development programme which embraces a holistic “Whole Person Development” training approach, empowering its employees to have a generalist career path beyond a technical or functional-only focus and focuses on their personal growth.

Melco has also been recognised for its efforts in tackling climate change, which includes setting the goal of achieving carbon neutrality in its operations, improving energy efficiency and optimising its building management system to track energy use at City of Dreams Manila.

“We appreciate SBA’s recognition for all our efforts at Melco and City of Dreams Manila. We value our employees’ career development and that is what motivates us to provide a nurturing environment for talent throughout our company. Being socially responsible and being a good steward to our environment are key priorities for Melco and we aim to go above and beyond in our social, environmental and governance commitments in all our operations worldwide,” Lawrence Ho, Chairman and Chief Executive Officer of Melco said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.