The ASEAN Gaming Summit will be held in the Philippines in March 2023. The event in Manila will give attendees the opportunity to gain industry insights at an exhibition featuring 11 iGaming companies. The event will be live-streamed, creating a greater level of accessibility to interested parties.
The decision consolidates the position of the Philippines as a serious player in the iGaming industry. The Pearl of the Orient now boasts 51 land-based casinos, more than Macau, the special administrative region of China known as the Vegas of Asia. The iGaming industry in the Philippines has given a boost to the economy through the creation of tens of thousands of positions in the past ten years.
Industry events reflect a burgeoning iGaming industry
The ASEAN Gaming Summit is just one of the iGaming expos raising the profile of the industry in Asia. G2E Asia, an international trade show and iGaming conference focussing on Asia, is benefiting from the involvement of the American Gaming Association and the UK company Reed Exhibitions. Held in Singapore, it will showcase iGaming companies in the region such as the Korean company Kangwon Land, Inc. and Allgame, the Malaysian supplier of live streaming video content. The aim of the event is to introduce attendees to the latest trends, innovations and iGaming solutions.
In another boost to the region, the first Strategic Platform for iGaming Conference & Exhibition (SPiCE) Philippines will be held in October 2022. The event will bring together industry players active in South East Asia and provide an opportunity for networking with operators and professionals in the sector.
The London model of success
The overall aim of these Asian iGaming expos is to elevate the sector to the heights of industry events held in Britain, such as ICE London, the annual iGaming industry event, and Ice Vox, a conference that provides masterclasses in topics such as customer acquisition and searching for the next hugely successful slot game. Both events will be held at ExCeL London in February 2023.
Another industry event being held in London this October is the EGR Operator Awards 2022, which has been dubbed the Oscars of the gambling industry. It awards accolades in a range of categories such as the top casino operator, which is judged on key criteria including growth and commercial success and innovation and differentiation. There are also awards in operator categories such as the award for the best slots operator, which selects the top industry operator based on commercial success and innovation.
These events are particularly useful to newcomers to the industry due to the expertise on offer and the networking opportunities. The UK is a particularly attractive location for startups due to the high level of financing available to new companies.
The growing iGaming sector in Asia
Figures show that Asia would certainly benefit from more of these iGaming industry events. According to Statista, total revenue in the casino games segment in Asia is expected to be almost £1.5 billion this year. Conferences and summits bring together the international big players in the iGaming industry to share insights, innovations and expertise and this would be invaluable as the Asian gambling sector strives to meet increased demand.
Asia would do well to take the UK iGaming industry as a model for success. The United Kingdom has a well-established gambling sector with many of the providers of slots online based in the UK. Three of the major players are based on the Isle of Man: the online gambling software company Microgaming, which is behind the popular progressive slot Mega Moolah, the Skywind Group, the iGaming industry content provider which has a slot game portfolio including Joker’s Luck Deluxe and Big Buffalo Megaways and Red Tiger, the slot development company behind the Joe Exotic and Big Cat Rescue Megaways slots.
Red Tiger has also developed casino games in Asia and there is certainly room for Asia to grow in this regard. Asian nations have been extremely successful in the video game industry and there's every chance that industry events such as the ASEAN Gaming Summit could provide the opportunity for providers in the iGaming industry to learn about the latest innovations, trends and solutions in order to become iGaming specialists in their own right. The Chinese gaming company NetEase has been identified as a company experiencing rapid growth.
Asian nations will be eyeing the tax income from the gambling sectors of the Philippines, Singapore and Macau, three major players in the region. Furthermore, the recent draft proposal put forward by the Economy, Trade and Industry Ministry of Japan for the legalisation of sports betting in the Land of the Rising Sun could be an indication that other nations are considering the relaxation of gambling legislation in the near future.
The decision to hold the ASEAN Gaming Summit in the Philippines is a big vote of confidence in the nation’s iGaming sector. The opportunity to share insights and gain knowledge from industry experts could provide the impetus for the iGaming sector in Asia to meet the demands of growth with the sort of innovative products on offer in the United Kingdom.
Starlink will next need to acquire spectrum from the government, build ground infrastructure, and carry out testing and trials to meet the agreed security requirements. (Photo: Reuters)
INDIA’s space regulator on Wednesday granted Starlink a licence to begin commercial operations in the country, removing the final regulatory barrier for the satellite internet provider.
The company, led by Elon Musk, has been waiting since 2022 for licences to start operations in India. It received an initial approval last month from India’s telecom ministry and was waiting for clearance from the space regulator.
The licence, issued by the Indian National Space Promotion and Authorization Centre (IN-SPACe), is valid for five years.
Earlier on Wednesday, Reuters reported, citing sources, that Starlink had secured the licence from IN-SPACe.
Starlink is now the third company to receive approval to enter the Indian satellite communications market. India has previously cleared applications from Eutelsat’s OneWeb and Reliance Jio.
The company will next need to acquire spectrum from the government, build ground infrastructure, and carry out testing and trials to meet the agreed security requirements.
Musk and Reliance Jio’s Mukesh Ambani had disagreed for several months over how spectrum should be allocated for satellite services. The Indian government later supported Musk’s position that spectrum should be assigned, not auctioned.
By clicking the 'Subscribe’, you agree to receive our newsletter, marketing communications and industry
partners/sponsors sharing promotional product information via email and print communication from Garavi Gujarat
Publications Ltd and subsidiaries. You have the right to withdraw your consent at any time by clicking the
unsubscribe link in our emails. We will use your email address to personalize our communications and send you
relevant offers. Your data will be stored up to 30 days after unsubscribing.
Contact us at data@amg.biz to see how we manage and store your data.
Today, as the digital economy continues to evolve, passive income is no longer a wealth tool exclusive to the rich, but something that everyone can touch and participate in. With the integration of blockchain technology and green energy, LET Mining is providing global users with a new way of passive income: no operation, zero technical threshold, and daily income.
What is LET Mining?
LET Mining is an innovative cloud mining service platform that simplifies the complex cryptocurrency mining process into a few simple steps through cloud computing technology, allowing ordinary users to easily participate in digital currency mining and obtain stable passive income without purchasing expensive hardware equipment or mastering professional technical knowledge.
Advantages of LET Mining
✅ No equipment investment is required, just register to participate
✅ Daily income is automatically settled and credited in real time
3. Start mining: After purchasing the contract, the platform automatically allocates mining machines and starts mining
4. Get income: Daily income is automatically settled to the user account
5. Withdraw or reinvest: Users can withdraw at any time or choose to continue to purchase cloud computing power contracts
The entire process is completed completely online, and users can manage their mining investments through their mobile phones or computers.
Green energy driven, environmental protection and income go hand in hand
LET Mining adheres to the concept of green mining. The platform data center uses renewable energy such as solar energy and wind energy to reduce carbon emissions and create an environmentally friendly and sustainable mining model. Not only is it environmentally friendly, it also reduces the cost of cloud mining, allowing users to maximize their benefits.
The future belongs to those with "passive income"
In an era of increasing inflation and market uncertainty, assets that can continuously generate income are truly valuable. LET Mining is providing such a stable, safe and environmentally friendly income tool for global users.
Register for LET Mining now and start your daily income journey, making passive income no longer out of reach!
Jaguar Land Rover (JLR) reported a 10.7 per cent drop in sales for the April–June quarter, as a temporary pause in shipments to the United States and the phase-out of Jaguar’s legacy models weighed on volumes.
The company, owned by India’s Tata Motors, sold 87,286 units to dealers worldwide during the quarter, compared to 97,755 units in the same period last year.
Retail sales dropped 15.1 per cent in the three months to the end of June, JLR said in a statement on Monday. The company cited a halt in exports to the US in April as one of the main reasons behind the decline. The pause followed the imposition of a 25 per cent duty by President Donald Trump on all foreign-made vehicles sold in the US, one of JLR's key markets.
JLR does not manufacture cars in the US. Its Range Rover lineup is produced in Britain, subject to a 10 per cent levy, while its top-selling Defender SUVs are built in Slovakia, which falls under the higher 25 per cent tariff.
North America, which accounts for around one-third of JLR’s global sales, saw a 12.2 per cent drop in volumes in the first quarter. Jaguar’s luxury sedans, SUVs and sports cars saw a 72 per cent decline in sales, falling to 2,339 units, as part of a planned wind-down of legacy models. Jaguar is set to become a fully electric brand by 2026.
Excluding Jaguar’s performance, JLR’s overall sales declined by 5.1 per cent.
In the UK, Jaguar’s sales were also affected by the phase-out of older models in preparation for its electric vehicle line-up. According to automotive trade body SMMT, British car exports to the US dropped by over 50 per cent in May. However, a new trade agreement between the UK and US is expected to support future sales. The agreement reduces tariffs on UK car exports to 10 per cent from 27.5 per cent, up to an annual limit of 100,000 vehicles.
JLR is among the top car exporters from Britain and contributes about two-thirds of Tata Motors' revenue. Both JLR and Tata Motors are expected to announce their first-quarter earnings in August.
In June, JLR revised its forecast for earnings margin before interest and taxes for the fiscal year 2026 to 5–7 per cent, down from the earlier target of 10 per cent, citing global uncertainty triggered by US tariffs.
(With inputs from agencies)
Keep ReadingShow less
Workers are engaged at their sewing stations in a garment factory in Savar, on the outskirts of Dhaka, on April 9, 2025. (Photo by MUNIR UZ ZAMAN/AFP via Getty Images)
BANGLADESH, the world's second-biggest garment manufacturer, aims to strike a trade deal with the US before Donald Trump's punishing tariffs kick in next week, said the country's top commerce official.
Dhaka is proposing to buy Boeing planes and boost imports of US wheat, cotton and oil in a bid to reduce the trade deficit, which Trump used as the reason for imposing painful levies in his "Liberation Day" announcement.
"We have finalised a draft reciprocal trade agreement," Mahbubur Rahman said on Wednesday (3), adding the government was "hopeful of reaching a win-win agreement".
Rahman said a meeting between officials from both countries was slated for July 8, with the US representing 20 per cent of Bangladesh's ready-made garments exports.
Textile and garment production accounts for about 80 per cent of exports in Bangladesh and the industry has been rebuilding after it was hit hard in a student-led revolution that toppled the government last year.
Trump hit Bangladesh with 37 per cent tariffs in his April 2 announcement, which is more than double the 16 per cent already placed on cotton products.
He suspended the tolls' introduction until July 9, as he did with other global trading partners, though a baseline 10 per cent levy was kept in place.
Bangladesh exported $8.36 billion worth of goods to the US in 2024, while imports from there amounted to $2.21bn, according to the Bangladesh Bank and the National Board of Revenue.
"As part of the initiative to reduce the trade gap, the government already decided to import a large volume of wheat, purchasing 14 aircraft from US manufacturer Boeing, buying cotton and more oil and gas from the US farms," Rahman said.
He did not give further details on the exact timing or extent of the proposed deals, but said the government had held around 28 meetings and document exchanges in a bid to reach an agreement.
Interim leader Muhammed Yunus spoke to US secretary of state Marco Rubio on Monday (30) and told him Dhaka was "working with your officials to finalise a package of measures to effectively respond to president Trump's trade agenda".
Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the national platform of the garment makers, expressed concerns about any deal.
"The already enacted additional 10 per cent tariff is hitting our exporters, and if it goes further, we might lose US buyers," he warned.
But Mohammad Hatem, president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), said he was optimistic.
"We are hopeful of a positive outcome on the US tariff before July 9," he said.
"There will be a temporary problem if the US administration does not revise the tariff. But it will largely and ultimately hit the US buyers, as they would have to buy goods at higher prices."
(AFP)
Keep ReadingShow less
The Canary Wharf business district including global financial institutions in London.
THE COST of UK government borrowing fell on Thursday, partially reversing the rise seen after Chancellor Rachel Reeves became emotional during Prime Minister’s Questions.
The yield on 10-year government bonds dropped to 4.55 per cent, down from 4.61 per cent the previous day. The pound also recovered slightly to $1.3668 (around £1.00), though it did not regain all its earlier losses.
The movement followed comments from Prime Minister Sir Keir Starmer, who told BBC Radio 4's Political Thinking with Nick Robinson that he worked “in lockstep” with Reeves and said she was “doing an excellent job as chancellor.”
Analysts told the BBC that markets appeared to back Reeves, with concerns that her departure could lead to a weakening of fiscal discipline. “It looks to me like this is a rare example of financial markets actually enhancing the career prospects of a politician,” said Will Walker Arnott of Charles Stanley. “If the chancellor goes then any fiscal discipline would follow her out the door and that would mean bigger deficits.”
Mohamed El-Erian of Allianz warned that risk premiums may persist. “I suspect that we will see some moderation, but we will not go back to where we were 24 hours ago,” he said.
Reeves, who became tearful during PMQs after a U-turn on planned welfare reforms that left a £5bn gap in her financial plans, said on Thursday she had been upset due to a personal issue. A Treasury spokesperson also confirmed it was a personal matter.
Reeves told the BBC that the welfare changes would be reflected in the Budget and reaffirmed her commitment to fiscal rules. Jane Foley of Rabobank said Reeves now faces difficult choices but added, “investors do place a lot of store in political stability.”