International Entertainment Corporation (IEC), a Hong Kong-listed firm, is expecting to post a loss of at least HK$260 million (approx. US$32.5 million) for its fiscal year ending 30 June 2025. This is a steeper decline from its FY24 loss of about HK$162.2 million (US$20.9 million). The primary driver: increased costs tied to the takeover and renovation of the casino operations at its New Coast Hotel Manila.
South Korea’s Kangwon Land has recently secured approval from the Ministry of Culture, Sports and Tourism (MCST) to implement new operational changes in its casino business, including updates to rules governing its foreigner-only gaming floor. Among the approved modifications are adding two more gaming machines to the foreigner-only section (raising the total from 1,610 to 1,612 machines), specifying betting limits for foreigner-only games (now capped at KRW 50,000), and installing foreign exchange machines in strategic locations – one near the 4th-floor counter and another on the 5th-floor gaming floor. These rules formalize some of the changes Kangwon Land has been piloting in its foreigner-only zone.
Macau is making a major show of support for the forthcoming 15th National Games of China, the 12th National Para Games, and the 9th National Special Olympics by securing substantial contributions from its gaming concessionaires. Collectively, the six concessionaires in Macau have pledged MOP 240 million (about US$30 million) to the Macau Organizing Committee for the Games. Each operator is contributing equally — MOP 40 million (roughly US$5 million) each — and is also offering venue support to host different events.
Indonesia is intensifying its crackdown on online gambling content. According to the Ministry of Communication and Digital Affairs (Komdigi), roughly 2.8 million pieces of content were removed between October 20, 2024 and September 16, 2025, and about 2.1 million of those are directly tied to online gambling platforms or promotions. Removal spans across many types of platforms: from websites (nearly 1.93 million items) to file-sharing services, and social media apps owned by Meta, Google, X (formerly Twitter), Telegram, TikTok, and others. The effort is part of a broader national campaign to enforce existing laws, since gambling (both online and offline) is illegal under Indonesian criminal law.
Australia is making regulatory strides to integrate stablecoins more cleanly into its financial system. The Australian Securities and Investments Commission (ASIC) is introducing an exemption for stablecoin intermediaries — specifically, those who distribute stablecoins issued by licensed providers — so that they will no longer need a full financial services license. This regulation is part of the Stablecoin Distribution Exemption Instrument 2025/631 which provides class relief, removing certain licensing burdens for these intermediaries.
Author: Janice Chew • Monday, 22/09/2025
