May's gross gaming income for Macau was MOP3.3 billion ($413.4 million), up 25% from the previous month. 

Although it may appear like Asia's casino capital is showing signs of life, revenue was still down 68% from the same month last year.  

With just MOP2.6 billion in gaming income in April 2022, it was the poorest month for gaming revenue since September 2020. 

Despite this recent improvement, Macau is still down 44% year-over-year on the five-month rolling average since the beginning of 2022. 

Additionally, May had a five-day Labour Day holiday, which temporarily increased gambling income. However, with 136,647 visits registered, attendance for this generally busy time was down 18%.  

As Covid cases decline, certain travel restrictions between Macau and the Guangdong province have been relaxed; nonetheless, the virus is still being imported from other significant jurisdictions, such as Shanghai and Beijing.  

Six concessionaires in Macau are being harmed by this as they continue to experience daily income losses due to the lack of cash. 

Recently, it was reported that Macau's unemployment rates have increased by about 5%, as the region's leading industry remains constrained by policies implemented by the Chinese Government. 

We are the most dependent city in the world on tourism, according to Glenn McCartney, an associate professor at the University of Macau. Naturally, we had no other sectors to fall back on. 

Alfredo Lim, the president of PAGCOR, declared he was "shocked to read there was violence and intimidation" reported at the Okada Manila.
We didn't diversify for 20 years, so. It won't take place tomorrow. No easy cure exists. 

The reported violent takeover at the Okada Manila left PAGCOR President "shocked" 

Alfredo Lim, the president of PAGCOR, has stated that he was "shocked to read there was violence and intimidation" reported at the Okada Manila. 

According to Gambling Insider, an incident between Kazuo Okada, the founder and CEO of Okada Manila, and the company's current managers allegedly occurred on May 31, 2022.  

The Okada-led gang claimed to be in charge of the casino once more. Okada was expelled from Tiger Resort, Leisure & Entertainment (TRLEI) in 2017 after allegations that he stole $3 million from the operator. 

However, Okada had subsequently been declared innocent by the Court of Appeals for the Philippines and was formally restored as the Director and CEO of Okada Manila. 

Before a gang connected to Okada reportedly attacked the casino violently, it appeared that an Urgent Motion for Reconsideration from TRLEI's sitting management, which opposed Okada's court triumph, was still pending. 

Following these accusations and a barrage of video footage documenting altercations and yells outside Okada Manila that was carried on Filipino television, PAGCOR has declared it will look into the event before taking the necessary steps. 

Additionally, TRLEI representatives, who assert that they were forcibly removed from the casino, have declared their urgent intention to pursue criminal complaints. 

With all of this in mind, Okada Manila's near future appears to be quite uncertain. 

Asian Poker Tour is acquired by APT Events from Asianlogic Group 

"We have been searching for a while now for a poker organisation that is focused and committed to taking the APT to the next level." The sale of Asian Poker Tour (APT) to newly established firm APT Events Private Limited has been announced by Jeff Mann, CEO of Asianlogic Group's Asianlogic Group. 

APT, which was established in 2008, is a well-known name in the Asian iGaming industry. The following competition is scheduled to take place in the Grand Vista Hotel in Hanoi, Vietnam, in the middle of June 2022. 

Jeff Mann, the tour's current CEO, has declared his decision to stay at Asianlogic and will resign from his position as a result. 

"We have been looking for a while to pass APT to a focused and committed poker organisation that can take the tour to the next level," he stated.  

It was crucial that any collaboration or sale must go to a company with the same enthusiasm and drive to continue building the Asian Poker Tour as we always envisioned because of its lengthy and rich history. 

APT Events, the tour's new owner, wants to take it to "new heights." 

Changes to the Global Leadership Team at PointsBet 

As of June 1, 2022, Manjit Gombra Singh, the president of Australian operator PointsBet Holdings, will become a Non-Executive Director. 

In July 2019, Singh, formerly Aristocrat's executive vice president and chief technology officer, was elected president. Almost three years later, he switches roles. 

Jerry Bowskill, who will join PointsBet as Group Chief Technology Officer on July 18, 2022, will take Singh's place.  

In addition to holding comparable high positions at Playtech, Gaming Technologies Solutions, and Partis Solutions, Bowskill also served as the chief technology officer of The Star Group and Scientific Games. 

On July 4, 2022, Andrew Catterall is anticipated to start working as the Australian CEO of PointsBet. The former CEO of Racing.com has expertise in audience building, digital media, media rights acquisition, and broadcasting.  

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