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Casino
May 12, 2022
IGT to Launch Advantage CMS at Nustar Resorts and Casino
International Game Technology continues to scale its offer globally with the company announcing a tie-up with the Nustar Resorts and Casino in Cebu. The resort is scheduled to open doors later this year with IGT making its mark in the Philippines by bringing its bespoke Advantage casino management system. IGT to Deploy Cabinets and Dedicated […]
Industry
May 12, 2022
Suncity Group Starts Unwinding Subsidiaries to Lenders
Troubled junket operator Suncity Group filed with the Hong Kong Stock Exchange (HKSE) Tuesday to inform the exchange that the company had reached an agreement to sell Goal Explore Investment Limited and Boshing Investments Limited Selling Indebted Businesses for Nominal Value Suncity Group, which recently had its junket license suspended by the Philippine Amusement and […]
Casino
May 11, 2022
Wynn Macau Ltd Feels the Heat of Lockdowns and Missing VIPs
Wynn Macau Ltd will have to face the facts, and the facts are that the long-term revenue has been impacted by the spate of regulatory changes introduced in the special administrative region. While the company has been more than happy to comply with all existing regulatory prerequisites, the return to profitability will be a somewhat […]
Casino
May 11, 2022
Melco Macau Subsidiary to Go to Court with Former Business Partner
Melco Resorts & Entertainment subsidiary COD Resorts Limited is readying up to meet in court with a former business partner, Luk Hing Investment Limited, which is accused of having defaulted on payments for property and failed to meet further business obligations. COD Resorts Limited decided to step in and take control of Club Cubic, which […]
Industry
May 11, 2022
Philippines New President Set to Tackle Several Gambling Industry Problems
Ferdinand Marcos Jr., the son of Ferdinand Marcos, has been declared the new president of the Philippines and not many people are looking forward to that as his father was a dictator, tied to corruption and brutality. Now, the new president-elect will have to bring vital decisions concerning the country’s gambling industry. Several Gambling Concerns […]
Casino
May 10, 2022
China: 42,000 Illegal Cross-Border Gambling Cases Between 2020-2022
In spite of continuing its intense efforts to clamp down on illegal gambling in the country while affiliating with other Asian countries to put an end to cross-border gaming, China still catches tens of thousands of individuals under the radar each year. At the end of March, the Chinese authorities announced they discovered an outlawed […]
Legal
May 10, 2022
Four Years in Jail for Man Gambling with Late Brother’s Money
A court case in Singapore initiated in 2019 for violation of the Intestate Succession Act resulted in a four-year jail presence for 62-year-old Tan Siong Choon, who had misused his late brother’s money for gambling and buying stocks, Singapore media Today reported. Gambling behind the Misappropriation of Funds Siong Choon was sentenced to 4 years […]
Casino
May 9, 2022
Junkets No Longer to Accept Macau Casino Deposits
“Accountability,” is the word that will best describe casino operators in Macau, the special administrative region bordering China, that is undergoing rapid reregulation of its gambling industry. The COVID-19 pandemic forced the region to look for alternative revenue sources, with most of its GDP depending on casino concessionaires. Casinos Will Handle Deposits on Their Own […]
Legal
May 9, 2022
Two Bodies at MGM Cotai Suggest a Double Murder at the Casino Resort
A double murder at a gambling venue in Macau has led to the deaths of two women. The police are on the lookout for the perpetrator. Two Women Were Found Dead The crime took place at the MGM Cotai resort and casino. The bodies were found in one of the rooms on the 9th floor. […]
Casino
May 6, 2022
Macau’s Court of First Instance Reveals Reason behind the LVS-AAEC Ruling
Macau’s Court of First Instance has sided with Las Vegas Sands in the battle against Asian American Entertainment Corporation and the main reason why the latter was defeated in court was the failed attempt to sign a formal agreement. AAEC wanted to claim $12.1 billion in compensation. The Legal Battle between LVS and AAEC Explained […]
