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Casino
August 19, 2022
Macau Residents Fall Victim to Southeast Asia Casino Job Scams
The Chinese Judiciary Police has received reports of five cases of Macau residents being tricked into working illegal jobs involving fraudulent activities or human trafficking in various countries in Southeast Asia. Young Macau Residents Are Tempted with High Salaries to Work Dubious Jobs Abroad Macau residents are being tempted with casino jobs paying suspiciously high […]
Casino
August 18, 2022
New Research Establishes the Profile of Problem Gamblers in Macau
Macau continues with attempts to better understand problem gambling and how to prevent social ills when one of the Special Administrative Regions’ main economic outputs has to do with the industry. A new study on the prevalence of gambling now posits a theoretical profile of who problem gamblers are and what motives them. Macau Researchers […]
Casino
August 15, 2022
Wanted Chinese Online Casino Businessman Nabbed in Thailand
Police in Bangkok, Thailand has led a raid against a Chinese businessman who is wanted back in mainland China and is subject to an international arrest warrant. The man, one She Zhijiang, aged 40, has eluded Chinese authorities since 2012, according to local media outlets, but he will now face charges of running an illegal […]
Industry
August 2, 2022
SJM Holdings’ H1 2022 Performance Continued to Deteriorate
Macau casino concessionaire SJM Holdings announced today in a filing to the Hong Kong Stock Exchange the company’s unaudited consolidated interim results for the first half of 2022, posting a loss attributable to the owners of the company nearly twice as much that in the same period in 2021. Key Performance Metrics For the first […]
Business
August 1, 2022
AGTech Subsidiary Wins Tenders for Seven Provinces
AGTech Holdings has won tenders that will allow the company to pursue further expansion of its lottery betting terminals in China, thanks to the company’s local subsidiary. AGTech to Install More Lottery Terminals in China Beijing AGTech GOT Technology has won seven public tenders and will as result leverage its betting terminals in the Mongolia […]
Industry
July 27, 2022
Macau Forms Committee to Evaluate License Bidders
Macau will evaluate the bidders for the region’s new casino licenses. To that end, the special administrative region’s government unveiled a new committee. The latter will take a close look into the applicants. Macau to Soon Re-Tender Its Casino Licenses Macau recently allowed its current concessionaires to remain operational for six more months. The government […]
Industry
July 22, 2022
Hong Kong Police Busted Illegal Gambling Ring, Arrested 48 People
Authorities in Hong Kong reported Thursday one of the biggest crackdowns on illegal gambling in the country that has allegedly generated in excess of HK$33 million ($4.2 million) over two years. Raid on Illegal Gambling Establishments Police officers raided in the early hours seven gambling dens in Yau Ma Tei, Mong Kok, Sham Shui Po […]
Casino
July 5, 2022
New MGM-branded Hotel to Open in Shanghai
In a joint venture with Diaoyutai State Guesthouse, MGM Resorts International has announced that it is going to open an MGM hotel in Shanghai called MGM Shanghai West Bund, which will sport 219 guest rooms and suites. The new project will help MGM grow its presence in mainland China. The New MGM-branded Hotel The MGM-Diaoyutai […]
Industry
July 1, 2022
COVID Hurts Macau GGR, Leads to Weak June Results
It would seem like Macau’s woes never end. The special administrative region just posted the financial results of its gaming industry for June this year. The declining revenues make it very clear that the worst is far from over. Macau’s GGR Continues to Decline According to the results, Macau’s gross gaming revenues for June sit […]
Industry
June 29, 2022
Wynn Macau Grants 19 Million New Shares to Employees
Following permission by the Hong Kong Stock Exchange that was granted on June 4, Wynn Macau Ltd, operator of the luxury casino resort Wynn Macau, has issued 75 million new shares. 19 million of them are ordinary shares that are going to go to employees of the company. New Shares Issue to Compensate Reduction in […]
