Latest News
Polymarket Returns to the U.S., Set to Launch POLY Token and Announce Airdrop
Polymarket confirms plans to launch its POLY token with an upcoming airdrop. The firm, valued at $9–10B after ICE investment, is re-entering the U.S. market following QCEX acquisition. Details on eligibility and distribution remain undisclosed.
South Korean Police Dismantle $15 Million Illegal Online Gambling Network on Jeju Island
South Korean police have busted an illegal online gambling ring on Jeju Island involving over ₩22 billion (USD 15.3 million) in wagers. A total of 21 suspects were arrested, including the ringleader and multiple underage participants. The group operated from converted internet cafés and villas, also offering illegal loans to teenagers with interest rates up to 650%. Authorities vowed to crack down on cross-border gambling and money laundering networks.
Bloomberry Sells Jeju Sun Casino, Citing South Korea’s “Foreigners-Only” Gambling Policy
Bloomberry Resorts Corporation has announced the sale of its Jeju Sun Hotel & Casino in South Korea, citing the country’s “foreigners-only gambling” policy as a key barrier to profitability. The buyer, Kangwon Land Blue Mountain Co., Ltd., has paid a ₩500 million deposit. Bloomberry will withdraw from the Korean market to focus on expanding its Solaire projects in the Philippines, strengthening its position in Asia’s gaming sector.
Sands China gets new waiver on credit facility conditions, hopes to launch Londoner Court hotel before Golden Week
Sands China says it has negotiated a third waiver extension and amendment to the conditions of a US$2.0-billion loan facility it holds.
Nagasaki plans workforce and public safety for anticipated casino resort
Nagasaki says it is working on development of a workforce for its hoped-for casino resort. On July 31, there will be an online meeting of the Kyushu-Nagasaki International Tourism Human Resource Development Consortium.
Pagcor now gets separate teams to monitor IRs and Online gaming
Pagcor says it now has two separate teams of officials in order to oversee respectively the land-based casino licensees and operators of online-based games.
Macau says more time needed for Hong Kong air travel bubble
Tokyo IR opposition grows during metropolitan assembly election
After Metropolitan Assembly election, the odds of Tokyo entering the commercial gaming race only lengthened.