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 […]
Sports
November 26, 2021
Filipino Lawmaker Warns Online Cockfighting, Gambling Are Country’s New Pandemic
Alan Peter Cayetano is an ex-House Speaker from the Philippines currently hunting for a seat in the Senate. On Monday, he pleaded with Congress to reject the applications for 25-year legislative franchises requested by two different e-sabong companies in the country. His legislative endeavor follows Deputy Speaker Eddie Villanueva’s last week’s attempt to convince Congress to give a […]
Industry
November 26, 2021
Wakayama IR Opposition Gains as a New Japanese City Shows Interest
A Japanese anti-casino group in Wakayama claims it has enough petition signatures to ask the government to hold a referendum on whether Wakayama should host an integrated resort (IR). At the same time, another location in Japan, the city of Kuwana, has stepped forward, indicating it might want to be considered as an IR host. […]
Legal
November 25, 2021
Authorities Bust Illegal Gambling Ring Targeting South Koreans
Authorities have busted an illegal site that was targeting gamblers in South Korea and had ties with the Philippines. As the Yonhap News Agency reports, the website’s base of operations was a hotel-casino. As a result of the criminal ring, around 130 people in South Korea were taken into custody. Website Dismantled, Nine Arrested Even […]
Business
November 25, 2021
Macau Finds Casino Operators Can be Liable for Junket Partner Debt
On Wednesday, Macau’s Court of Final Appeal upheld a decision that found Wynn Resorts Macau jointly liable for $747,482 debt to a VIP, along with its junket partner, Dore Entertainment. Wynn isn’t satisfied with the outcome and Paulo Martins Chan, a former boss of the Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym), […]
Esports
November 24, 2021
Valve Permanently Bans Omega Esports from Dota 2 over Match-Fixing
With the Dota 2 competitive season successfully wrapped up and the 2021-2022 Dota Pro Circuit looming, at least one organization will be missing out the upcoming events hosted by Valve. Omega Esports, a Philippine-based esports powerhouse, has been awarded a ban from all Valve-sponsored events as allegations of match-fixing have surfaced. The organization has lost […]