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'I will say that this case is definitely a time to remind parents that it's very important to know who your children are friends with, whether that's in the classroom, social media apps, Snapchat, TikTok and then also gaming platforms.'
MANILA, Sept 26 (Reuters) - The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry.
'I cannot put in enough words my gratitude to you, and how much I owe to you. We will miss you so, so much. Thank you for everything my friend. I am sending all of my love to you and all of your family.'
Simply defining games has been contentious. India's Supreme Court says the card game rummy and certain fantasy games are skill-based and legal, but at least one state court classified games such as poker as chance-based, or akin to gambling, which is banned in most states.
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If an incumbent loses their license, they must return the casino area to the government for free at the end of this year, making it financially unviable to operate the remaining facilities as gambling accounts for 80-90% of total revenue.
"Macau has been told over and over again to focus less on Chinese VIPs and more on non-gaming but they pretty much paid lip service to that idea. So now... they have to really make a hard divert to that philosophy," Yin said.
Real estate consultancy Leechiu Property Consultants estimates that a complete exit of the POGO industry would leave vacant 1.05 million square metres (259 acres) of office space - a third of the size of New York's Central Park - and 8.9 billion pesos ($151 million) in foregone annual rent.
The report noted that state governments already find it "difficult to implement and monitor geo-fencing measures" to ensure that no user in their region is accessing an illegal forms of gambling or gaming.
The sector employs 201,000 Chinese and 111,000 Filipinos, according to Leechiu's data, which estimates POGOs deliver 190 billion pesos ($3.22 billion) to the economy each year, a boon to the property and retail sectors.
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NEW DELHI, Sept 15 (Reuters) - India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters.
The POGOs targeted for closure had licenses that either expired or were revoked, for violations like non-payment of government fees, Clavano said, adding the deportation of the Chinese workers would start next month.
Though the panel considered only online skill games, and not gambling, which is handled by states, it noted that many offshore betting and gambling websites that are illegal in India have become popular among Indian users.
Genting´s strong non-gaming track record, including operating two of the largest theme parks in southeast Asia, would be a big draw for Beijing which has been urging Macau to diversify away from gambling and attract foreign tourists.
The panel of Prime Minister Narendra Modi's top officials has for months been drafting regulations for the country's online gaming sector, where foreign investors such as Tiger Global and Sequoia Capital have backed gaming startups Dream11 and Mobile Premier League, hugely popular for fantasy cricket.
A shortened license period of 10 years from 20 years is also not a problem, Song said, as the government would re-allocate facilities and resources to Genting if it won a license, so they "don´t actually need to build everything from the ground." ($1 = 7.8498 Hong Kong dollars) (Reporting by Farah Master Editing by Shri Navaratnam)
Only six slots will be available for the seven applicants, Macau´s government has said, as Genting Malaysia goes head-to-head with the six concessionaires Sands China, Wynn Macau, Galaxy Entertainment, MGM China , Melco Resorts and SJM Holdings as their concessions expire at year-end.
31, the panel of government officials calls for creation of a new regulatory body under India's IT ministry to determine which online games qualify as Pkv games of skill, then "seek compliances and enforcement."
Genting "can offer the Macau government whatever they expressly said they wanted," versus the incumbents who have predominantly focused on Chinese VIPs, said Samuel Yin Shao Yang, an analyst at Maybank.
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