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Business
August 26, 2022
Paradise Entertainment Sees Casino Management System Revenue Decline
Paradise Entertainment continued to struggle during the second quarter of the year with Q2 2022 results once again suppressed by the lingering impact of the COVID-19 pandemic, subsequent shutdowns of properties, and reduction of operational capacity. The turbulent quarter in Macau, led to the group’s loss increasing to $12 million (HK97 million), up three times […]
Industry
August 24, 2022
Trial Against Junket Boss Alvin Chau Scheduled for September 2
The trial against Suncity Group founder and former CEO Alvin Chau has been scheduled for September 2, 2022. There are over 200 charges against Chau and 20 other defendants, which were involved in money laundering and fraud among other offenses. The trial, however, is very likely to be postponed as it is expected that some […]
Industry
August 24, 2022
Macau Sees Decline in Crime as Visitation Numbers Fall
Macau’s sweeping changes across the gambling industry have presented challenges for concessionaires in the Special Administrative Region (SAR) but they have also helped clear much of the petty crime and criminal incidents that took place at gambling properties across the city. According to a new report by Macau’s security secretary Wong Sio Chak, this is […]
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 […]