Search Results for: "jimei"

Jack Lam no longer the chairman of Jimei International Entertainment Group

June 2, 2017

Latest Casino and Gambling News, Employment & Careers, Macau

In a filing released on Wednesday, it was announced that Jack Lam, a veteran junket investor of Macau, will no longer hold the position as the Jimei International Entertainment Group chairman. The change was...

Jimei International distances itself from Director Jack Lam after Philippine authorities issue arrest warrant

Renee Kingsley

December 7, 2016

Latest Casino and Gambling News, China, Unlicensed Operation, Online Gambling News, Macau, Philippines

Macau based and Hong Kong listed Jimei International Entertainment Group Limited released a statement to distance itself from its controlling shareholder and executive director Jack Lam after authorities in the...

Junket company Jimei looks to coastal Cambodia for integrated casino resort

Lars Jones

March 25, 2016

Latest Casino and Gambling News, Casino proposals, Cambodia, Mergers, Acquisitions & Partnerships

A recent filing by Jimei International Entertainment Group Ltd. with the Hong Kong Stock Exchange indicates that the company plans to develop an integrated-entertainment complex in Cambodia with two other parti...

Macau’s Jimei Casino CEO Resigns As VIP Slot Room Continues To Struggle

Renee Kingsley

February 23, 2016

China, Macau

Jimei Casino located within the Grand Lapa is one of the smaller casinos in Macau and recently decided to experiment with the concept of launching a VIP Slot room targeting high rollers from Mainland China. Con...

Jimei Casino’s VIP slot room has an average first month in Macau

Renee Kingsley

February 3, 2016

Casino expansion projects, China, Macau

Macau’s Jimei Casino wanted to implement a new marketing strategy to boost its revenues in 2016 by launching an exclusive VIP slot room that would cater to high rollers and enlist the services of junket operato...

Macau’s Jimei casino wants junket operators to focus on VIP slot players

Renee Kingsley

January 13, 2016

Casino expansion projects, China, Macau, Asian Casino News

Many of Macau’s casinos have accepted the fact that the VIP market segment will most likely never be the same as it was before and have since moved on to focusing on mass market gamblers just as the Macau gover...

VIP gaming tables coming to NagaWorld via Jimei International Entertainment

Sadonna Price

July 2, 2015

Latest Casino and Gambling News, Cambodia, World Casino News, Mergers, Acquisitions & Partnerships

The NagaWorld casino resort located in Cambodia will soon begin offering VIP gaming thanks to the Jimei International Entertainment Group. The Jimei group operates in Hong Kong and Macau and will be operating a...

Blockchain-based casino project to be launched for Macau

Adam Morgan

October 22, 2018

Casino Sales, Cryptocurrency, Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships

Maltese investments firm, Wide Rich Global Company, is hoping to bring in up to $1 billion via a virtual currency initial coin offering (ICO) in order to establish the planet’s first blockchain-based casino gam...

NagaCorp Limited records improved first-quarter VIP rolling chip volumes

Adam Morgan

April 4, 2017

Latest Casino and Gambling News, Cambodia, Economy/Finance

Asian casino operator NagaCorp Limited has released its unaudited financial results for the first three months of 2017 showing that VIP rolling chip volumes had increased by 34% year-on-year to reach over $3.73...

Asian junket operator ends Cambodian partnerships

Adam Morgan

April 1, 2017

Latest Casino and Gambling News, Cambodia, Economy/Finance, Macau

Asian junket operator Jimei International Entertainment Group Limited has reportedly announced the end of a partnership with NagaCorp Limited that saw it promoting seven gaming tables inside the latter’s NagaWo...

Philippines president orders Jack Lam’s assets seized

Sadonna Price

December 19, 2016

Latest Casino and Gambling News, Economy/Finance, Tax Evasion, Taxation, Philippines

Rodrigo Duterte, the president of the Philippines, has ordered that all gaming assets of Jack Lam Yin Lok be seized. This order was issued after Lam allegedly failed to pay the correct taxes. Local media is rep...

Fontana Leisure Parks & Casino shut down after Pagcor revokes permits; Lam still at large

Lars Jones

December 5, 2016

Latest Casino and Gambling News, Casino closures, Unlicensed Operation, Macau, Philippines

Philippine Amusement and Gaming Corp. (Pagcor) agents in cooperation with Angeles City police and the regional Criminal Investigation and Detection Group carried out an order issued by President Duterte to shut...

Jack Lam flees the Philippines to avoid being arrested for illegal online gambling operations

Renee Kingsley

December 5, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Unlicensed Operation, Philippines

Authorities in the Philippines arrested over 1,000 Chinese nationals who were alleged to have been involved in illegal online gambling operations and violating their working visas. Local media reports stated th...

Malaysian firm SV International may be betting big on Sihanoukville

Lars Jones

March 26, 2016

Latest Casino and Gambling News, Casino proposals, Cambodia

A heretofore unheard of Malaysian company has plans to buy up every available land plot in the West Port free economic zone of Sihanoukville, Cambodia and create a "casino city" to rival Macau. According to a ...

Forefront of Macau Gaming claims junket operator planning to sack VIP gaming employees

Renee Kingsley

August 26, 2015

Gaming Industry News, Asian Casino News, Macau, Labor Relations

Macau’s casino industry has continued to decline in 2015 and the top six casinos in Macau have reportedly lost around 40% of their gaming revenue during the first half of 2015. The decline in Macau’s casinos is...