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Casino
April 25, 2022
SJM Holdings’ Liquidity Runs Low, According to JP Morgan Analysts
SJM Holdings’ liquidity has been labeled as “worrying” by JP Morgan analysts as concerns are rising concerning SJM Holdings’ refinancing abilities as the pandemic keeps soaring. The Macau casino concessionaire was among the businesses that paid a lot of money to extend their licenses until the end of 2022. SJM’s Cash Reserves Can Last for […]
Industry
April 25, 2022
Macau’s Casinos May Be Holding up to $6.4B in Frozen Junket Funds
The relationship between casino concessionaires in Macau and junket operators has never been exactly amicable, but a sweeping change to the existing laws is not making it any easier. Many of the present-day issues pertain to questionable practices in the past and the present-day realities are something that analysts, including Credit Suisse’s Kenneth Fong, Lok […]
Casino
April 22, 2022
Nagasaki Prefecture to Proceed with IR National Application
Nagasaki became the second prefecture in Japan to approve submission of its application for an integrated casino resort following the approval of the plan during a meeting of the prefecture’s assembly on Wednesday. Nagasaki IR Bid to Move Forward The assembly of Nagasaki Prefecture approved a bill to seek authorization from the national government to […]
Industry
April 21, 2022
Macau Legislative Assembly Voted in Favor of New Junket Bill
Macau’s new junket regulation law passed its first reading at the Special Administrative Region (SAR) of China’s Legislative Assembly (LA) with an overwhelming majority, Inside Asian Gaming reported. Tighter Regulation and Penalties for Junkets The bill titled “Legal Framework for Operating Games of Chance in Casinos” is aimed at further strengthening regulation for casino junket […]
Casino
April 20, 2022
Mass Baccarat Yielded 60% of Macau’s GGR in April
Macau’s gambling market is experiencing some tough periods because of the COVID-19 pandemic. The special administrative region’s gross gaming revenues have been steadily falling because of the safety measures, with analysts expecting the situation to not get better anytime soon. Despite the hurdles, the industry continues to see mass baccarat as the most favored game […]
Casino
April 20, 2022
Macau’s Gambling Revenues Continue to Drop Amid COVID-19 Hurdles
While the COVID-19 pandemic has winded down in the Western world, China is experiencing a new wave of COVID-related hurdles. The situation has hugely affected the special administrative region of Macau, leading to a 25% drop in its gross gaming revenues (GGR). Macau’s Results for April Are Expected to be the Lowest since September 2020 […]
Legal
April 19, 2022
Third Indian State Pushes Forward with Gambling Legalization
India has not been the most gambling-friendly nation out there, but this is slowly changing. Meghalaya, a state in the country, is now preparing guidance and policies that would enable lawmakers to create binding legislation that enables private operators to launch both interactive gaming and betting. Undoing the Ways of Old The process started with […]
Casino
April 19, 2022
Sands China Let Go of 3,000 Non-local Workers since the Start of the Pandemic
Sands China’s president, Wilfred Wong has stated that Sands China has fired more than 3,000 non-local workers since the start of the pandemic. Although he did not reveal the number of local workers that were laid off, he confirmed that 75% of the current employees are Macau residents. Non-local Workers Number in Macau’s Six Concessionaires […]
Sports
April 19, 2022
Filipino Police Told Not to Relent on E-Sabong Crime Investigations
The Philippines has enjoyed a return of tourists to its islands and across its casino resorts. However, during the time visitors were gone, the country had to come up with new ways to sustain its public finances and address mounting health bills. One such way was the legalization of e-sabong contests, but this may have […]
Casino
April 18, 2022
Okada Manila Goes Ahead with Early Online Gambling Launch
The Philippines once shunned interactive gambling, but the country realized how useful the additional revenue can be in the absence of tourists and land-based gambling. While some still fear the social ills brought on by expanding online gambling would far outweigh any gains, the short-term seems to be reassuring for the country. This is why […]
