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Industry
December 3, 2021
Macau Confirms Closure of Suncity VIP Rooms in the City
Macau’s gaming regulator has confirmed Wednesday night that all VIP gaming rooms operated by Suncity Group, a junket operator in Macau, have been closed. Alvin Chau, the now-former head of the junket operator, was arrested on Saturday for allegedly organizing illegal gambling, including online gambling, via the Philippines, China, and other countries. Suncity Grinds to […]
Industry
December 3, 2021
South Korea Implements Inbound Travel Quarantine Due to Omicron
South Korea has been forced to reintroduce travel quarantine requirements. These rules apply to all South Korean citizens and cover all arrivals between December 3 and December 17. Omicron Starts to Cause Disruptions As the Omicron COVID-19 variant begins to be reported in South Korea, the 10-day quarantine is being implemented. Five cases were reported […]
Industry
December 2, 2021
Casinos in Macau Continue to See Sporadic Results
Macau casinos won $844 million from gamblers last month. This is a 0.01% increase over November 2020, but an improvement of 55% over October. However, with Suncity Group announcing it’s shutting down operations, the revenue could see another big drop. Macau Casinos Continue Along Uncertain Path The six Macau-licensed commercial casino operators enjoyed their best […]
Sports
December 1, 2021
Singaporean Police Bust Illegal Gambling Operations, Investigate Suspects
Illegal gambling has no place in Singaporean society. This is the stern reminder local police authorities issued to over 50 individuals who were arrested or are being investigated for their association with illegal gambling activities in the country. Authorities conducted a total of three raids between October 29 and November 21, resulting in several arrests […]
Sports
December 1, 2021
i8.Bet Signs a Key Partnership Deal with Everton FC
I8.Bet, describing itself as the safest and most convenient sports betting platform in Asia, has inked a partnership deal with the Everton FC from Britain’s Premier League. I8.Bet’s Branding to be Displayed Across the Goodison Park Stadium The agreement will establish i8.Bet as Everton’s official sports betting partner in Asia. This, in turn, will see i8.Bet’s logo displayed across […]
Business
December 1, 2021
Alvin Chau Relinquishes Control of Suncity from a Macao Jail Cell
Alvin Chau announced that he was stepping down from his role as CEO of Suncity Group Holdings Limited in Macau. The billionaire made his announcement yesterday while sitting in a Macao jail on charges he ran a cross-border illegal gambling ring through his legal operations. Chau Out at Suncity Chau is facing multiple criminal charges […]
Industry
December 1, 2021
Melco Raises Concerns Over Macau’s Future Following Suncity Debacle
Melco Resorts and Entertainment Ltd’s Macau subsidiary stated in its third-quarter report that it could face increased risks from “interpretation and enforce” laws relating to gaming. Melco Resorts Finance Ltd is concerned that changes occurring in Macau’s gaming industry could cause issues for the entire market. Macau Gaming in Flux Melco Resorts Finance Ltd stated […]
Business
November 30, 2021
Suncity Denies iGaming Involvement as Alvin Chau Investigation Expands
The saga involving Alvin Chau and Suncity Group, the company that he turned into the largest junket operator in the world, is only getting started. As investigations continue in China and Macau, and possibly elsewhere, there’s no telling how deep the impact will be. For its part, Suncity denies all of the allegations, although convincing […]
Casino
November 29, 2021
MGE’s IR in South Korea Secured Phase 1 Development Funds
Mohegan Gaming & Entertainment (MGE), the business arm of Connecticut’s Mohegan Tribe, announced today its multi-billion integrated resort (IR) project in South Korea successfully raised its phase 1 funding. Phase 1 Funds Secured The $1.55 billion to be used in phase 1 of the INSPIRE Entertainment Resort on Yeongjong Island in Incheon, South Korea will […]
Business
November 29, 2021
Suncity Boss Alvin Chau Arrested; Fallout Could Hit All Junkets
Alvin Chau, Suncity’s boss, has been detained in Macau, the world’s richest gambling market. The Wenzhou government has requested Chau’s extradition in order to face a string of criminal charges in Zhejiang. The government claims that Chau orchestrated a cross-border illegal gambling syndicate and warranted issuing an order for his arrest this week. Alvin Chau […]