Macau casinos taking out VIP kidnapping insurance Sadonna Price Latest Casino and Gambling NewsMacau August 31, 2015 0Casinos in Macau are unfortunately no stranger to crime, and the recent increase in casino-related crimes have resulted in operators...
Macau’s crackdown on underground banking activities will hit struggling casino industry Renee Kingsley ChinaGaming Industry NewsMoney LaunderingEconomy/FinanceAsian Casino NewsMacauTax EvasionCrimeFinancial Fraud August 27, 2015 0The anti-corruption crackdown launched by Beijing targeting corrupt officials and VIP gamblers in Macau has been successful due to the...
China’s Central Bank and Macau to Battle Money Laundering Alex Lanter Latest Casino and Gambling NewsChinaMoney LaunderingAsian Casino NewsMacau August 26, 2015 0The Monetary Authority of Macau and the People’s Bank of China (PBOC) signed a new memorandum of understanding in order...
Macau wishy-washy on smoking ban Alex Lanter Latest Casino and Gambling NewsGaming Law & LegislationWorld Casino NewsMacau August 10, 2015 0Almost a month ago, local media in Macau reported that a possible smoking ban could be implemented in 2016 and...
Smoking lounges not likely to be allowed for Macau VIPs Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationMacau July 31, 2015 2The government of Macau is still standing behind a proposal to see a full smoking ban put in place at...
Macau 2Q financial reports show casino profits continuing to fall D. Graham Latest Casino and Gambling NewsWorld Casino NewsChinaMoney LaunderingEconomy/FinanceAsian Casino NewsMacau July 18, 2015 0GGRAsia reports that Macau’s second quarter VIP baccarat gaming revenue has fallen 42.2 percent, almost $4 billion U.S., compared to...
Galaxy Macau opens $4 Million Horizon VIP room for cash players Lars Jones Casino NewsCasino expansion projectsMacau July 10, 2015 0In the face of continued declines in revenue from junket promoted VIP players and a new focus on mass gaming,...
MGM reconfigures credit agreement for Macau Resort Sam Mitchell Latest Casino and Gambling NewsLas VegasChinaGaming Industry NewsEconomy/FinanceMacau June 14, 2015 1MGM Resort International announced Friday June 12, 2015 that it has refinanced the credit agreement for the Macau subsidiary. The...
Junket operator David Group denies closures, layoff plans Lars Jones Latest Casino and Gambling NewsGaming Industry NewsMacau June 12, 2015 2On the heels of Neptune Guangdong Group denying media reports yesterday that they plan to idle as many as 300...
VIP revenue slump causes two junket operators to scale back Sam Mitchell Casino closuresMacau June 10, 2015 0Neptune Guangdong Group and David Group are two of the largest junket operators in Macau. They announced their intention to...
Iao Kun to enter Australian market; operator buys up internal junket assets for Crown casinos Sam Mitchell Latest Casino and Gambling NewsAustraliaCasino NewsMacauMergers, Acquisitions & Partnerships May 19, 2015 0A deal has been completed with the Iao Kun Group Holding Co Ltd that will allow the firm to develop its...
Junket operator Iao Kun rolling chip revenue plunges 71% Sam Mitchell Latest Casino and Gambling NewsMacauFinancial Press Releases May 8, 2015 0Iao Kun Group Holding Co Ltd is a Nasdaq listed Macau VIP casino investor. On May 6, 2015 they announced...
Professor Zeng of Polytechnic Institute suggests tighter junket regulations Sam Mitchell Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsConferences / Trade ShowsMacau April 22, 2015 0Professor Zeng Zhonglu, of the Gaming Education and Research Center at the Polytechnic Institute of Macau, believes junket operations are...
Cutting out junket operators leaves Singapore casinos with unpaid debt Sam Mitchell Latest Casino and Gambling NewsCasino NewsGaming Industry NewsFinancial FraudSingapore April 9, 2015 0Grant Govertsen, a Union Gaming Advisors analysts, told media that Singapore’s gaming revenue is down due to the Chinese movement...
Beijing keeping close eye on public officials visiting Macau Lars Jones Latest Casino and Gambling NewsGaming Law & LegislationWorld Casino NewsMacauCrime March 16, 2015 0Beijing continues to be relentless in its fight against corruption specifically targeting Macau’s casinos and VIP gamblers who spend lavish...