Casino
April 4, 2022
Nepal Authorities Revoked Three Casino Licenses
Three casinos in Nepal were stripped of their operating licenses for failing to meet their duties to the state, reported The Himalayan Times. The three incumbents are due NRP905.5 million ($7.51million). Ultimatum Deadline Day Passed The Department of Tourism (DoT) of the Himalayan country revoked the licenses of Rock International, Happy Hour Kathmandu and Oriental […]
Industry
April 4, 2022
NagaCorp Reports Strong 1Q2022, Preliminary Results Say
NagaCorp, the company that operates NagaWorld located in Phnom Penh, Cambodia, announced its unaudited financial results covering the period that ended March 31, 2022. NagaCorp on Its Way to Financial Rebound Last year, the company has seen difficulties mainly because of COVID-related closures. Due to the COVID-19 pandemic, NagaCorp had to temporarily suspend its operations […]
Casino
April 4, 2022
Macau’s Grand Emperor Hotel Casino to Shutter Operations in June
Concessionaires in Macau have faced many challenges over the last couple of years. The COVID-19 pandemic has kept revenues low and operational results ailing, but the special administrative region may finally be turning a corner despite struggling performances. To cope with the stress of the past two years, some companies have decided to reduce their […]
Legal
April 1, 2022
$36M Missing, Junkets Involved, Says Macau Police
Earlier this week, the Judiciary Police in Macau unveiled details regarding a case involving junkets that resulted in $36 million in missing proceeds. Two Men Arrested, Police Say They Took Money from 18 Individuals Police authorities in Macau said Tuesday that they arrested two men, allegedly involved in a criminal syndicate and fraud related to […]
Industry
April 1, 2022
Macau Government Confirms Stricter Rules for the Casino Gambling Sector
The Executive Council of Macau announced that the Macau Special Administrative Region (SAR) government would submit to the Legislative Assembly a new gaming law for the optimization and improvement of the gaming sector, suggesting stricter rules for those who operate in the sector. On March 31, 2022, the Executive Council pointed out the main aspects […]
Sports
March 31, 2022
APE Recognizes Need for Innovation, Focuses on the Metaverse
Asia Pioneer Entertainment Holdings Limited (APE) has said that it will seek to diversify its product offering and turn to metaverse experiences as a way to attract more consumers and travelers. The company cited the significant drop in visitors to Macau and across Asia as the reason why new solutions will be necessary to engage […]
Business
March 30, 2022
Suncity Group 2021 Report Casts Doubts on Company’s Future
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
Casino
March 30, 2022
Light & Wonder Confirms More EGM Products for Asia
Light & Wonder plans to continue spearheading its product development and pivot towards Asia. To this end, the company formerly known as Scientific Games and one of the biggest suppliers and developers of iGaming and lottery software is planning to bring its Duo Fu Duo Cai and Jin Ji Bao Xi game series in Asia […]
Sports
March 30, 2022
Stake.com to Sponsor Golovkin’s Fight with Murata
Gennady Golovkin is one of the most impressive boxers of our time and he will be squaring up against Ryota Murata at Saitama Super Arena, Saitama, Japan on April 9. The fight billed as the Big Drama, will have the pair compete for the WBA (Super) IBF, and IBO middleweight titles and become an opportunity […]
Industry
March 29, 2022
China Busts $1.6B Illegal Gambling Wring, Arrests 14 People
China has a monopoly on gambling in the sense there is no gambling allowed in bar lotteries and the occasional trip across the border with Macau. However, China’s lack of established gambling laws doesn’t mean that there is a lack of control, and even if some organizations manage to stay under the radar for a […]
