Local authorities in a number of Chinese provinces on the mainland cast fresh doubts on any prospects for the gaming industry in Macau after issuing advisory notes to their residents to avoid travelling during the festive Chinese New Year period, GGRAsia speculates in an article. Quiet Chinese New Year in Macau China’s State Council set […]
Gaming stocks in Macau have lost momentum due to the pandemic, but Morgan Stanley analysts expect a rise in late 2021 – early 2022 boosted by three key areas. Revenue in 2021 to Reach 65% of Pre-Pandemic Levels The current price of Macau gaming stocks has dropped significantly, аnalysts at investment bank Morgan Stanley point […]
Authorities in Macau are ready to assist Mainland China in enforcing a law criminalizing promotions that incite citizens to visit overseas destinations and gamble. Macau to Assist Mainland China in Combatting Overseas Gambling Macau will play ball with China’s new law criminalizing certain aspects of the gambling industry, and specifically focusing on tourist agencies organizing […]
Israeli cybersecurity firms have released a report detailing Chinese state-backed hacker attempts to disrupt gambling platforms. Chinese Hackers Target Gambling Companies China’s march against illegal gambling operations has taken a new turn, with state-sponsored hackers now taking aim at gambling firms that have been promoting their products to Chinese nationals without authorization. In what is […]
China’s Ministry of Public Security has published a new report outlining the progress that has been made against illegal online cross-border gambling in 2020. China Continues to Put Heat on Online Gambling Gambling in China is going at full bore despite the government’s better efforts to clamp down on illegal activities and limit the scope […]
SJM Holdings Limited revealed that some of its employees will be receiving a living subsidy bonus. The bonus payments will be done in two equal installments this month and in July. Eligible SJM Employees to Receive Living Subsidy Bonus SJM Holdings Limited, which is the holding company of Sociedade de Jogos de Macau, S.A. (“SJM”) […]
Long-awaited opening of Crown Resorts’ new AU$2.2 billion casino resort in Barangaroo near Sydney happened Monday, but casino operations did not commence as the Independent Liquor and Gaming Authority (ILGA) blocked the ASX-listed company from opening its casino until a final decision regarding its casino license is reached. ILGA Final Decision Pending Following on Crown’s […]
After three futile attempts to go public in China, Playtika is turning a hopeful eye to the United States where 75% of the company’s revenue is realized. Playtika Readies up to Change Chinese for US Dream Playtika, a developer of mobile casino-style games, is finally pulling away from its long-coveted market in China, after authorities […]
The criminal law amendment in China seeking punishment for organizers of trips with gambling purposes outside the country for mainland residents could make junket operators who used to bring high-rollers to Macau casinos anxious, a Tuesday memo from JP Morgan Securities (Asia Pacific) outlines. Junket Industry under Threat The ban effective from March 1, 2021 […]
According to a recent change to China’s Criminal Law, organizers of overseas trips with the intent to gamble may face charges and a sentence of up to 10 years. The tough measure may be a part of China’s crackdown on gambling and comes into effect on March 1 next year. Changes to Criminal Law Incriminate […]
