Industry
January 3, 2024
Macau Witnesses Another Drastic Decline in Junkets
Although Macau remains famous as the Vegas of the East, the region’s casino industry is now a far cry from its heyday of 2014 when 235 junket operators contributed around 60% of the $45 billion casino revenues, more than triple compared to Las Vegas. This drastic reduction is part of several targeted measures by local […]
Business
January 2, 2024
Macau GGR Increase in 2023 to Boost Nongaming Investments
Casino operators across Macau wrapped up a successful 2023 with exceptional results achieved in December and overall good performance throughout the year when compared to 2022. The outstanding results will now push the enclave’s six casino operators, Melco, SJM, Wynn, MGM, Sands and Galaxy, to invest more money into nongaming amenities and projects. The reported […]
Casino
December 29, 2023
Nagasaki’s Bid for Integrated Resort Rejected by Central Government
However, Japan’s Ministry of Land, Infrastructure, Transport, and Tourism is having none of it, as the government has qualms about the feasibility of the project as submitted by Nagasaki. Nagasaki Misses the Mark with Government Kyushu Resorts Japan and Nagasaki prefecture will have to go back to the drawing board or fold their bid altogether. […]
Industry
December 12, 2023
New Macau Bill Seeks to Ban iGaming and Outlaw Parallel Betting
Macau continues to crack down on illegal gambling and is planning to introduce a new ban on online gambling amid rising gambling-related crime rates. While online gambling has never been legal in the country, the current laws were introduced a long time ago and are already fairly outdated. Under a proposed new legislative bill, introduced […]
Business
December 6, 2023
Las Vegas Sands Corp Increases Stake in Sands China Ltd Amidst Market Downturn
Las Vegas Sands Corp (LVS) is strategically adjusting its position to boost its holdings in its Macau subsidiary, Sands China Ltd. A Hong Kong Stock Exchange filing revealed that the company’s controlling shareholder, LVS, intends to engage in a share purchase transaction with an undisclosed financial institution. Sands China hopes for enduring success in the […]
Industry
December 4, 2023
Police in Hong Kong Shuts Gambling Dens, Arrests 130 People
Despite the efforts of law enforcement, illegal gambling activities are common across China. Last month alone, law enforcement in Hong Kong busted multiple brothels and gambling dens in operations that resulted in the arrest of more than 300 people allegedly involved in those activities. The combined efforts of Hong Kong police authorities against triad operations […]
Business
November 27, 2023
Coinbursts Prepares to Hit Asian Markets
Coinbursts, a startup iGaming operator, is preparing to hit the Asian and Philippine market by the end of the month. Owned by ievolution, a European online gambling company, the new site seeks to capitalize on the gaming opportunities in Asia. Where the Wins Keep Bursting Operating under the slogan “Where the Wins Keep Bursting,” Coinbursts […]
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 […]
