Macau’s Studio City downgrades its hotel from 5 star to 4 star to adapt to tourism price drop Renee Kingsley World Casino NewsNew HotelsCasino project updatesEconomy/FinanceAsian Casino NewsMacau October 16, 2015 0Macau’s casino industry lost over $100 billion during the last 18 months due to the anti-corruption crackdown which scared away...
Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium Renee Kingsley AustraliaCasino openingsChinaHong KongEconomy/FinanceAsian Casino News October 13, 2015 0Echo Entertainment and James Packer’s Crown Resorts battled it out to secure rights to construct a $3 billion mega-casino resort at...
Toronto police crack down on illegal gambling Lars Jones Latest Casino and Gambling NewsCasino NewsOntarioUnlicensed Operation October 10, 2015 0Toronto police have raided gambling dens and illegal casinos in several areas of the city resulting in the arrests of...
Casino’s in Cambodia can turn into a playground for money launderers Renee Kingsley CambodiaCasino CheatingMoney LaunderingAsian Casino NewsMacauConspiracyCrimeRacketeering October 7, 2015 0The casino industry in Cambodia is continuing to grow as gambling establishments and junket operators promote Cambodia’s casino industry to...
Macau Golden Week suffers visitor decrease due to Typhoon Mujigae Renee Kingsley Gaming Law & LegislationCasino NewsChinaEconomy/FinanceAsian Casino NewsMacau October 5, 2015 0Macau’s department of gaming recently confirmed that gaming revenue has fallen for the 16th consecutive month. This drop in gaming...
Casino stocks slide in Hong Kong, US Lars Jones Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacauIndepth / Featured Articles September 30, 2015 0Tuesday saw casino stocks on the Hong Kong stock exchange (HKEx) fall to levels unseen in years, and the sneeze...
Neptune Group contemplates shutting down Macau junket operation Renee Kingsley Gaming Law & LegislationGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauMergers, Acquisitions & Partnerships September 29, 2015 0Neptune Group Ltd, a junket operator that once had a thriving operation in Macau has found it difficult to post...
China sentences internet star Guo Meimei to five years in prison for running illegal casino operation Renee Kingsley Casino CheatingChinaUnlicensed OperationAsian Casino NewsCrimeRacketeering September 11, 2015 0Guo Meimei became an internet sensation in China during 2011 after she published numerous photos on social media depicting a...
Michigan regulator says fantasy sports are illegal Kim M Latest Casino and Gambling NewsSports bettingFantasy SportsMichigan September 3, 2015 0According to a GamblingCompliance report on Tuesday, daily fantasy sports (DFS) are not legal in the state of Michigan. On...
Government official wants authorities to investigate City of Dreams Manila Casino over employee sacking Renee Kingsley Gaming Law & LegislationGaming Industry NewsEconomy/FinanceEmployment & CareersAsian Casino NewsLabor RelationsPhilippines September 2, 2015 0The Philippines has encouraged gambling enterprises to set up multi-million dollar casinos in the country as the casino industry was expected...
Malta revising gaming law, player protection focus Kim M Latest Casino and Gambling NewsWorld Casino NewsSports bettingFines, Lawsuits & LitigationFinancial FraudItalyMalta August 22, 2015 0An update to Malta’s gambling legislation will focus on safeguards for customers of online gambling by gaming regulators in the...
Melco Crown petitioned by Forefront of Macau Gaming to promote 1,000 employees Renee Kingsley Gaming Industry NewsEconomy/FinanceEmployment & CareersAsian Casino NewsMacauLabor Relations August 20, 2015 0The anti-corruption crackdown in Macau has caused a significant decline in casino revenue and as a result casinos have been...
Gaming in Philippines is losing its winning streak; Pagcor says no worries Alex Lanter Latest Casino and Gambling NewsAsian Casino NewsPhilippines August 17, 2015 0Despite the fact that the gambling companies in the Philippines are on a losing streak due to increasing costs resulting...
Beijing launches operation Chain Break to crack down on casino promoters Sam Mitchell Latest Casino and Gambling NewsChinaMacauPhilippinesSouth Korea August 12, 2015 0August 11, 2015—Berstein Research shows the Chinese government is cracking down on all junket operators, including agents trying to promote...
Studio City to open in Macau October 27 Lars Jones New HotelsCasino project updatesMacau August 5, 2015 0The $3.2 billion Studio City will open in Macau on October 27. Melco Crown Entertainment Ltd, controlled by Lawrence Ho...