Asia

Chinese Gaming Stocks Jump as Regulator Approves New Titles After Months-long Freeze

 The HALLO ECHO
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  Chinese regulators have approved the first batch of video games for monetisation since last July, ending a freeze that has hurt some of China’s largest technology firms. US-listed shares of NetEase, one of China’s biggest gaming companies, were up more than 4% in early trade Monday while live-streaming companies Bilibili, Huya and DouYu also…

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Macau’s Chief Executive to be Granted Power to Revoke Gaming Licenses if National Security Law Violated

 The HALLO ECHO
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  The Macau SAR Government has told the Legislative Assembly (AL) that the revised gaming bill would grant the Chief Executive the power to rapidly terminate a concessionaires’ gaming licence via an administrative order if it was deemed they had violated national security laws. The AL Second Standing Committee continued its closed-door discussions with government…

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Scientific Games Receives First Game Approval Under Macau’s New Technical Standards 2.0

 The HALLO ECHO
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  Scientific Games has received compliance approval from the DICJ for “Carnival Cow”, making it the first game to meet Macau’s new EGM Technical Standards 2.0. The Technical Standards 2.0, which came into effect on 1 September 2021, provide updated compliance guidelines for all EGMs in Macau with a focus on enhancing game integrity and…

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Cambodia Blocks 15 Illegal Lottery Websites

 The HALLO ECHO
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  The Telecommunications Regulator of Cambodia has blocked 15 new internet sites, most of them originating from Vietnam, including the popular Vietnamese lottery website Vina24h. The Telecommunications Regulator of Cambodia says it will continue to cooperate with the National Police, relevant authorities and all telecom operators to eliminate all domain names that operate and provide…

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Singapore Gambling Reform Bills Pass First Reading in Parliament

 The HALLO ECHO
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  Bills that would reform land-based gambling in Singapore and establish a new regulator have passed their first readings in the country’s parliament on February 14. Under the Gambling Regulatory Authority of Singapore Act 2022, Singapore’s Casino Regulatory Authority would be renamed the Gambling Regulatory Authority of Singapore. It would consist of up to 17…

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Nepal Govt Revokes Licenses of Two Casinos for Failing to Pay Royalties

 The HALLO ECHO
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  The Ministry of Culture, Tourism and Civil Aviation in Nepal has cancelled the operating licenses of two casinos for failing to pay their royalties. As per news reports, the two casinos, Yak & Yeti Hotel in Kathmandu and Dreamland Hotel in Nepalgunj, have been ordered to shut down after ignoring the government’s request to…

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