Topic
TOPIC
News and analysis about the gambling industry in general, and casinos in the Asia-Pacific region specifically. The topic's coverage includes corporate announcements, news and analysis about casinos in the Macau Special Administrative Region (Macau SAR), their offshore investments, expansion plans and business activities, as well as the performance of their stocks wherever they are listed.
The gambling hub’s shortcomings have been exposed as the Covid-19 pandemic has emptied its gaming rooms and Beijing continues its crackdown on capital flight, money laundering and illegal cross-border betting
- US Justice Department accuses former Wynn Resorts CEO of lobbying then-President Donald Trump at Beijing’s behest in 2017
- Wynn’s lawyers denied the allegations, saying he had never acted as an agent of the Chinese government
Gaming company is looking to do in its Chinese hub what it has already done in Las Vegas – diversify with non-gaming projects to attract younger, affluent guests.
Gaming company is looking to do in its Chinese hub what it has already done in Las Vegas – diversify with non-gaming projects to attract younger, affluent guests.
The extension gives Macau’s legislature time to pass a new gambling law to regulate the world’s most lucrative casino enclave, after the biggest overhaul of betting regulations in two decades in January.
The extension gives Macau’s legislature time to pass a new gambling law to regulate the world’s most lucrative casino enclave, after the biggest overhaul of betting regulations in two decades in January.
A recovery in Macau’s casino industry will continue, even if its near-term outlook remained challenging because of recent surges in Covid-19 cases in neighbouring Hong Kong and mainland China, analysts said.
A recovery in Macau’s casino industry will continue, even if its near-term outlook remained challenging because of recent surges in Covid-19 cases in neighbouring Hong Kong and mainland China, analysts said.
The Macau government announced earlier this year that it will grant six new casino licences, but experts say that it will not be business as usual.
The Macau government announced earlier this year that it will grant six new casino licences, but experts say that it will not be business as usual.
MGM China posted better-than-expected full-year revenue and a turnaround in pre-tax earnings for 2021, becoming the second Macau casino operator to post improved business performance year on year despite the ongoing Covid-19 pandemic.
MGM China posted better-than-expected full-year revenue and a turnaround in pre-tax earnings for 2021, becoming the second Macau casino operator to post improved business performance year on year despite the ongoing Covid-19 pandemic.
Macau’s gaming law reform has removed significant regulatory overhang for the city’s casino industry, but the outlook for the sector remains clouded because of Covid-19, analysts said.
Macau’s gaming law reform has removed significant regulatory overhang for the city’s casino industry, but the outlook for the sector remains clouded because of Covid-19, analysts said.
Gambling, banned in mainland China because it’s anathema to Communist Party doctrine, remains legal in Macau to this day.
Gambling, banned in mainland China because it’s anathema to Communist Party doctrine, remains legal in Macau to this day.
Police made the arrests during a strike by thousands of employees which began last month in Phnom Penh; the group want 365 employees who were let go in April reinstated
Police made the arrests during a strike by thousands of employees which began last month in Phnom Penh; the group want 365 employees who were let go in April reinstated
The report boosts the likelihood that the current operators will get their concessions renewed by the June 2022 expiration of the current licenses without a major rewriting of the terms.
The report boosts the likelihood that the current operators will get their concessions renewed by the June 2022 expiration of the current licenses without a major rewriting of the terms.
Suncity Group’s high-flying owner had an appealing rags-to-riches tale, but reportedly built his empire with the help of convicted gangsters.
Suncity Group’s high-flying owner had an appealing rags-to-riches tale, but reportedly built his empire with the help of convicted gangsters.
Alvin Chau Cheok-wa, the head of Macau’s biggest casino junket operator, has been arrested with 10 other people.The arrests on November 28, 2021, were reportedly over their involvement in an illegal gambling platform outside the city and for encouraging mainland Chinese to bet online. Chinese prosecutors have indicated that they are targeting online casinos after a growing number of operators started using internet platforms to get around the mainland’s gambling laws.
Alvin Chau Cheok-wa, the head of Macau’s biggest casino junket operator, has been arrested with 10 other people.The arrests on November 28, 2021, were reportedly over their involvement in an illegal gambling platform outside the city and for encouraging mainland Chinese to bet online. Chinese prosecutors have indicated that they are targeting online casinos after a growing number of operators started using internet platforms to get around the mainland’s gambling laws.
Alvin Chau and 10 others stand accused of being part of syndicate that facilitated gambling in mainland China.
Alvin Chau and 10 others stand accused of being part of syndicate that facilitated gambling in mainland China.
Stocks link to arrested Macau casino junket boss Alvin Chau crashed in Hong Kong as group warned of adverse financial impact from losing his backing.
Stocks link to arrested Macau casino junket boss Alvin Chau crashed in Hong Kong as group warned of adverse financial impact from losing his backing.
Macau casino stocks tumbled in Hong Kong after police arrested the head of biggest junket operator in the former Portuguese colony, sparking fears that regulatory crackdown will escalate in the coming months.
Macau casino stocks tumbled in Hong Kong after police arrested the head of biggest junket operator in the former Portuguese colony, sparking fears that regulatory crackdown will escalate in the coming months.
Nine men, two women detained as part of investigation launched more than two years ago into illegal gambling platforms, encouraging mainlanders to bet online.
Nine men, two women detained as part of investigation launched more than two years ago into illegal gambling platforms, encouraging mainlanders to bet online.
Tens of thousands of Chinese nationals have been caught up in a crackdown on internet fraud at the Myanmar border.
Tens of thousands of Chinese nationals have been caught up in a crackdown on internet fraud at the Myanmar border.
After being offered jobs online, Vietnamese have been forced to work 16-hour shifts and were physically assaulted when they tried to escape.
After being offered jobs online, Vietnamese have been forced to work 16-hour shifts and were physically assaulted when they tried to escape.
South Florida’s Doral voted by 4-0 to ban gambling and casinos unless they were approved by the city’s residents in a referendum.
South Florida’s Doral voted by 4-0 to ban gambling and casinos unless they were approved by the city’s residents in a referendum.
A lawsuit alleges that Razon and agents of his have ‘formed a vast network of shell companies’ in the US to hide his holdings in the country.
A lawsuit alleges that Razon and agents of his have ‘formed a vast network of shell companies’ in the US to hide his holdings in the country.
The US firm has set up a committee to review money transfers among high rollers and third parties at its casino in the city state.
The US firm has set up a committee to review money transfers among high rollers and third parties at its casino in the city state.
The Trump Plaza Hotel and Casino in Atlantic City was demolished on February 17, 2021, ending a nearly 40-year run on the shores of the US state of New Jersey. Former US President Donald Trump opened the casino in 1984 when he was a real estate developer but had lost control of the property in a 2009 bankruptcy. The building had fallen into disrepair since it closed in 2014, so city officials decided to bring it down.
The Trump Plaza Hotel and Casino in Atlantic City was demolished on February 17, 2021, ending a nearly 40-year run on the shores of the US state of New Jersey. Former US President Donald Trump opened the casino in 1984 when he was a real estate developer but had lost control of the property in a 2009 bankruptcy. The building had fallen into disrepair since it closed in 2014, so city officials decided to bring it down.
In a play against growing competition for high-end gamblers, Macau's casino industry is increasingly chasing more mass-market gamblers and families, says Kenny Wen of Everbright Sun Hung Kai Co Ltd.
In a play against growing competition for high-end gamblers, Macau's casino industry is increasingly chasing more mass-market gamblers and families, says Kenny Wen of Everbright Sun Hung Kai Co Ltd.