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New Integrated Resort In The Philippines On The Horizon

After a lengthy stand-off between gaming regulator PAGCOR and Waterfront Philippines Inc, the Philippines Court of Appeals (CA) has upheld a ruling by Manila's Regional Trial Court to issue a provisional casino licence.   Waterfront is now free to operate a casino-hotel in Entertainment City ending an application process which began in 2008 with Waterfront depositing $100 million in cash to fulfil PAGCOR's requirements. Despite this significant payment Waterfront filed a petition in 2015 accusing PAGCOR of ignoring their application which resulted in PAGCOR paying Php200,000 for moral and exemplary damages. The ruling could see Entertainment City welcome a fifth...

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Chinese International travel hits $258 billion

According to a recent report by GetGoing Travel Insurance Chinese consumers collectively spent nearly $258 billion on international travel in 2018- twice the combined amount travelled by people from USA and Germany. One hundred million Chinese travel to foreign destinations but the surprising statistic is that on average they fly just 65 miles vs the 227 flown on average by US residents, 285 miles flown by Germans, 271 flown on average from the UK and a massive 632 miles flown by the average Canadian. China’s high total spending on international travel and the low average number of miles flown tell...

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Market Cap of Gambling Digital Currencies tops $100 million.

According to a recent report from CryptoGamblingNews.com the market capitalization of digital currencies dedicated to gambling sits at more than $100 million.  This is a staggering amount, but the figure is well below the $1.5 billion in market cap experienced in the peak of January 2018. The report suggests that the gambling-specific digital currencies are stabilizing after a tough year for the global market and a number of platforms are emerging and accepting wagers. This is good news for Dragon whose digital currency of Dragon Coin (DRG) is set to become the go to currency for a wide variety of...

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Japan Set For 1st Ever Integrated Resort Expo

Japan’s 1st and ONLY IR Expo at Intex Osaka If you had doubts that Integrated Resorts were not the next big thing – the amount that are springing up all across Asia will dispel this. The expectation is that a staggering 10,000 visitors will flock to Japan's 1st and only Integrated Resort Expo in Osaka on May 15th to May 16th. The three cities that will be chosen to host Japan's first IR's are yet to be revealed, but Osaka is seen as a leading candidate and has been actively promoting the development of an IR on the artificial island...

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The Sun (City) Rises In Vietnam

Hot on the heels of becoming the majority shareholder in Russian Integrated Resort operator Summit Ascent Holdings, Suncity Group revealed their plans for Vietnam. In a surprise move, the leading Macau junket operator announced that it will welcome up to six rival junkets to Hoiana when the Vietnamese Integrated Resort opens later this year.  The luxury Hoiana aims to become the leading destination for travellers for Central Vietnam and is ideally situated in Hoi An which is rapidly emerging as a top tourist destination. Facing the beautiful South China Sea and only a mere 40 kilometres away from the Da...

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