South East Asia NEWS

Donaco International’s Q1 FY2025?revenue performance dips slightly???

Donaco International Limited, the gaming and leisure operator behind properties in Cambodia and Vietnam, reported a net revenue reached AUD10.25 million (€6.3 million), reflecting a slight decrease from AUD10.81 million (€6.6 million) in the June quarter. Group earnings before interest, taxes, depreciation, and amortisation (EBITDA) also fell, from AUD6.34 million (€3.9 million) in the previous quarter to AUD5.55 million (€3.4 million).

Philippines still in FATF ‘grey list,’ may exit by 2025???

The Philippines failed to exit the Financial Action Task Force (FATF) grey list this year but has reportedly addressed earlier identified deficiencies, positioning it for a potential exit in early 2025.

MPL Philippines reaches record-breaking viewership for finals

The Mobile Legends Professional League Philippines (MPL Philippines) has set a new record with its 14th season, reaching 1.62 million concurrent viewers during the grand finals.

Thailand’s casino draft bill to be submitted by year-end, official says?

Thailand is moving forward with plans to legalise casinos, with the draft bill on entertainment complexes expected to be submitted to the Cabinet by the end of the year. The legislation, aimed at boosting tourism and driving economic growth, marks a step forward in establishing legal casinos in the country.

Philippines arrests eight foreign nationals in latest POGO raids??

Philippine authorities have arrested eight foreign nationals in connection with illegal Philippine Offshore Gaming Operators (POGOs) following coordinated raids in Muntinlupa City, Metro Manila.

Lawmakers urge Philippine government to file cases vs?POGO bosses?

The Philippines’ House Quad Committee (Quadcom) has submitted essential documents to the country’s Office of the Solicitor General (OSG), urging immediate legal action against POGO-linked Chinese nationals accused of illegally acquiring land and operating businesses.

Bloomberry secures $1.25 billion refinancing deal

Bloomberry Resorts Corp. has secured a $1.25 billion syndicated refinancing facility. This strategic move aims to enhance the company’s financial flexibility, reduce interest rates, and support long-term growth projects such as the Solaire Resort & Casino expansion and the Cavite project.

Vietnam cracks down on $72 million illegal gambling ring

Vietnam’s ongoing efforts to combat illegal gambling have gained significant attention with the recent dismantling of a $72 million online gambling network in the southern province of Ben Tre. As announced by the news outlet VN Express, authorities arrested 12 individuals as part of an extensive investigation into illegal gambling activities.

UNODC report warns of online gambling risks in Southeast Asia

Transnational criminal groups are becoming a major global threat, with a recent UNODC report revealing the rise of organised crime in Southeast Asia.

38 foreigners arrested in suspected illegal POGO hub in Central Philippines??

At least 38 undocumented Chinese nationals were detained following a raid on a small resort in Moalboal, Cebu, a town in Central Philippines. The resort, known for its diving spots, was suspected of being used as a hub for illegal Philippine Offshore Gaming Operators (POGO).