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Industry
July 14, 2022
China’s National Security Concerns Visible in New Macau Laws
Macau law firm MdME Lawyers published an extensive overview of the Amendment to the Macau Gaming Law and Public Tender Regulation, the comprehensive changes passed by the Legislative Assembly in the Special Administrative Region (SAR) in June that are now going to change the way concessionaires, junkets, and even consumers interact or conduct gambling activities […]
Casino
July 14, 2022
Cambodia’s Casinos Generate 8% of Expected Tax Revenue
The Commercial Gambling Committee of Cambodia (CGCC) has provided a look into the operational results of the country’s casinos over the six months ending on June 30, 2022. The regulator said that the casino’s cumulative output fell utterly short of hoped-for results and came to just 8% of the amount required by law. Casino closures […]
Legal
July 13, 2022
Indian Police Busted Fake Cricket League Scamming Russian Bettors
An elaborate scam involving a fake cricket tournament and illegal betting was busted by the police in India, BBC reported. Modeled Alongside the IPL According to the report, the police in the Mehsana district of Gujarat acted on a tip-off and arrested four people for allegedly staging the fake tournament and duping bettors from three […]
Casino
July 13, 2022
PAGCOR’s New Guidelines on Junkets Call for Enhanced Due Diligence
The Philippine Amusement and Gaming Corporation or PAGCOR is toughening up its stance on the way junket operators can run their business and associate themselves with gambling businesses in the country. A new set of guidelines published on Monday sheds light on the do’s and don’ts of what land-based businesses may do when seeking to […]
Business
July 11, 2022
Las Vegas Sands Provides Sands China with a $1B Loan
Las Vegas Sands, а world leader in developing and operating international, world-class integrated resorts, has issued a loan to its Chinese arm. As per the agreement, Sands China will receive a $1 billion subordinated unsecured term loan. Sands China Considers the Terms Fair The loan was issued on July 11, 2022 and Sands China will […]
Casino
July 11, 2022
Over 80% Support the Legalization of Gambling in Thailand
Thai people have potentially paved the way for gambling regulation in Thailand as results from a newly done survey show that over 80% of the respondents are in favor of legal casinos. Overwhelming Support for the Legalization of Gambling The survey was conducted by the Casino Committee of Thailand, assigned with the task of probing […]
Industry
July 11, 2022
Credit Suisse Cautions Against Buying Macau Gaming Stocks
Analysts’ optimism with regard to Macau’s casinos has been dashed as financial experts have weighed the risks and concluded that the special administrative region is in for a very difficult spell. Financial experts from Credit Suisse cautioned against buying Macau casino stocks, warning that buying such assets could result in unpredictable and dangerous investment scenarios. […]
Industry
July 11, 2022
Cambodia Drops Restrictions for Unvaccinated Travelers
As Macau heads into another lockdown with casinos defunct through July 18, Cambodia is showing resilience and the country is already lifting additional travel restrictions on unvaccinated arrivals. Starting today, Cambodia will no longer expect unvaccinated tourists and visitors to the country to self-quarantine in hotels but still have to show a rapid-antigen test when […]
Casino
July 11, 2022
Macau Announces Lockdowns for a Week Through July 18
Macau has just imposed full lockdown with only essential services allowed to do business to a limited extent. This means that all commercial and industrial activities are being shut down, including casinos. Closed Casinos and Other Commercial and Industrial Operations The lockdown introduced by the SAR government and announced at a press conference on July […]
Casino
July 8, 2022
S&P to Downgrade Melco Resorts’ Credit
S&P Global Ratings, an American credit rating agency, may soon downgrade the credit of Melco Resorts & Entertainment and its Studio City. The reason for this is S&P’s doubts that Macau, a key region for Melco’s business, will recover from the pandemic anytime soon. S&P commented that Melco’s mass GGR is experiencing a slow recovery […]
