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Industry
December 6, 2022
Macau to Reveal Satellite Casinos upon Signing Concessionaire Contracts
Satellite casinos are not out of the picture in Macau, and their names will be revealed very soon, said the SAR’s secretary for economy and finance Lei Wai Nong who spoke to the Legislative Assembly on Monday. Satellite Casino Numbers to Be Revealed at the Time of Signing with Concessionaires Moving forward, all satellite casinos […]
Casino
December 6, 2022
Philippines’ Second Richest Man to Build New Casino Resort
One of the Philippines’ richest people, Manuel Villar Jr, is planning to build a new integrated resort casino as the country’s gambling industry is picking up. Villar Jr has chosen the sight of the Global South retail shopping complex as the new location, which he owes, thus sparing himself some of the technicalities around buying […]
Industry
December 5, 2022
Malaysian Elections Funded by Gambling, Says Report
The best possible way gambling taxes can be used is for funding educational projects, treating gambling harm or providing funding for different community organizations. But while gambling taxes can be allocated to organizations that need funding, when it comes to elections, the use of funds from gambling operators raises concerns. According to a new report […]
Industry
December 5, 2022
Singapore Continues to Arrest Individuals over Illegal Gambling
Singapore has been actively seeking to uproot illegal gambling in the city-state and it has largely been successful owing to its police authorities. Over the past three years, a total of 2,400 people were arrested because of illegal gambling, with 800 arrests pertaining directly to illegal sports betting. Arrests Continue as Police Crack Down on […]
Industry
December 1, 2022
Macau GGR Continues to Decline in November
Macau’s gambling industry has failed to experience the recovery the region’s government hoped for. According to the latest data, casinos in the special administrative region had gross gaming revenue of just $374 million. FY GGR Will Be Much Lower than Estimated The $374 million Macau concessionaires earned in November represent a 55.6% year-on-year decline. Furthermore, […]
Casino
November 30, 2022
Hong Kong Influencers Arrested for Promoting Gambling Websites
Seven Hong Kong influencers have been arrested by the police and are facing up to seven years in prison for promoting gambling websites online. Influencers May Have Been Hired by the Same Criminal Organization South China Morning Post reported that the Hong Kong police have arrested seven women because they are suspected of advertising gambling […]
Industry
November 29, 2022
Gaming-Linked Crime in Macau Continues to Drop
Macau has recorded 257 gaming-related crimes in the period through September 30, down 48.8% year-over-year. The number is far below the 502 crimes registered in the first nine months of 2021, and it comes as the Judiciary Police of Macau is amping up its efforts to suppress crime that originates from gambling operations. Macau Continues […]
Casino
November 29, 2022
Century Entertainment to Relaunch Table Games in December
Century Entertainment is hoping that it can begin to bounce back from what has been a difficult year. The Cambodian table games operator ended the six-month period on September 30 with HK5.84 million ($747,000) in debt under its belt, down 72% year-over-year. The results are attributed to the closure of casinos in Cambodia and the […]
Industry
November 29, 2022
LRSU Leader Re-Arrested as Strike at NagaWorld Continues
The labor union leader at the center of the ongoing strike at NagaWorld resort was re-arrested on Saturday, November 26, at Phnom Penh International Airport, raising further questions as to how the dispute between the casino and some of its workers is being approached by the courts. Violation of Travel Restrictions The head of the […]
Business
November 29, 2022
Wynn Macau Adjusting to Comply with New Gaming Laws
Considering this year’s changes that Macau made to its gaming laws concerning operators, Wynn Macau has had to make some adjustments in order to be compliant with the latest regulatory updates. Capital Restructuring at Wynn Macau The Wynn Resorts Macau (WRM) unit was subjected to a capital restructuring that answered the need for an increase […]
