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Casino
November 27, 2023
MGM China Refutes Rumors of Pansy Ho Share Sell-Off
MGM China has categorically dismissed rumors suggesting that its co-chairperson and executive director, Pansy Ho Chiu King, has any intention of reducing her shareholding in the company. Reports from Hong Kong media had suggested that up to 380 million shares in MGM China were recently shifted into the Central Clearing and Settlement System (CCASS), triggering […]
Casino
November 27, 2023
Vietnam Proposes $2.2B Integrated Resort and Casino Complex in Van Don
Vietnam’s Ministry of Planning and Investment has put forth an ambitious plan for a $2.2 billion integrated resort and casino in the Van Don Special Economic Zone, nestled in the Quang Ninh Province. Vietnam’s Mega Casino Resort Project Nears Approval The project, set to be completed by the third quarter of 2032 if approved, is […]
Legal
November 24, 2023
Thai Authorities Seize Villas Related to an Illegal iGaming Operation
The Thai Department of Special Investigation (DSI) has confiscated two luxurious villas from operators of UFA, an illegal online gambling network for high rollers. As reported by The Thaiger, a Thai news outlet, the two properties are worth over 2 billion baht in total (roughly $56.5 million). For reference, the villas are located in Phuket’s […]
Legal
November 24, 2023
Myanmar Rebels Storm Laukkaing Casinos, Free Trafficked Workers
Myanmar rebels continue their march against the Asian country’s dictatorial leadership. Amid their struggle, the freedom fighters have stormed casinos and scam facilities, freeing trafficked workers and taking mafia members hostage. According to the latest reports the rebels, representing three ethnic minorities and anti-junta fighters, took over Laukkaing, a key town near the border with […]
Legal
November 22, 2023
Macau Wants to Reinstate Fraud Charges against Suncity, Says Report
Many criminal cases come to an end once the person or organization is sentenced. Yet, considering the different levels of courts, appeals can be filed, prolonging the inevitable or in some cases completely changing the outcome of a legal battle. Earlier this year, back in January, Macau’s Court of First Instance, sentenced Alvin Chau, the […]
Legal
November 22, 2023
DouYu Confirms CEO Chen Was Arrested Earlier This Month
The Tencent Holdings-backed leading live-streaming platform, DouYu, announced Tuesday that it was informed about the arrest of its chief executive officer (CEO) and chairman of the board of directors, Shaojie Chen. The company was notified about the CEO’s arrest on November 20, 2023, and confirmed that he was taken into custody “on or about November […]
Industry
November 21, 2023
South Korea Struggles to Treat the Rising Number of Young iGaming Addicts
South Korea is seeing a concerning rise in gambling among teenagers. While iGaming is strictly prohibited in the country, young players often find ways to circumvent the rules and restrictions. Unfortunately, the rise of online gambling among younger players also means that addiction treatment institutions are struggling to provide services to all affected players. In […]
Industry
November 21, 2023
Philippines Crack Down on AEPs in the Wake of POGO Trafficking Incident
The Philippine authorities continue the crackdown on Philippine Online Gaming Operator-related crime. Previously, authorities busted an illegal POGO operation that was involved in human trafficking and found that a number of local police workers may have been involved. In the wake of the raid, the Philippine Department of Labor and Employment (DOLE) will undergo a […]
Industry
November 21, 2023
VGA Seeks to Set up Timor-Leste as the Next Big iGaming Hub
Timor-Leste might be the next global hub for online gaming licensing and professional support services. According to reports, the small island country is keen on tapping into what the sector has to offer. For reference, Timor-Leste is an island nation mostly situated in the eastern part of Timor Island. Neighboring Australia and Indonesia, the small […]
Industry
November 20, 2023
Bond Investors Double Down on Macau Casino Debt
Bond investors from Asia and beyond are taking the risk and doubling down on investments in Macau casino debt. This move carries certain uncertainties but has the potential to be more lucrative than investments in corporate debt. At the moment, investing in Macau casino debt might be less risky than investing in shares too. The […]
