Tagged anti-corruption

Junket operators to face more challenges as Macau government proposes one hundred percent rise in capital requirements

April 15, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Licenses, Macau

The decline of Macau’s casino industry over the last two years has made it difficult for junket operators to run a successful operation as these middle agents played a key role in bringing VIP gamblers to Macau...

Bernstein analysts believe that Macau will benefit from Individual Visit Scheme changes

Renee Kingsley

March 25, 2016

Latest Casino and Gambling News, Asian Casino News, Macau

The most obvious solution to revive Macau’s struggling casino industry is to stop the anti-corruption crackdown and bring back VIP gamblers from Mainland China. Since that is not likely to happen in the near fu...

Cambodian authorities continue crackdown on Chinese gamblers in 2016

Renee Kingsley

March 3, 2016

Latest Casino and Gambling News, Cambodia, China, Macau

Ever since Macau launched its anti-corruption crackdown targeting VIP gamblers from Mainland China, these gamblers have preferred to travel to casinos in neighboring countries like Cambodia, Vietnam and the Phi...

Macau junkets to benefit from new app that provides up to date information

Renee Kingsley

February 2, 2016

China, Money Laundering, Asian Casino News, Macau

Macau’s casino industry has been in decline for the last 24 months due to the significant decline of VIP gamblers who have preferred not to visit Macau due to the anti-corruption crackdown launched by Beijing. ...

Is there a link between Macau’s gross gaming revenue decline and the rise of gaming-related crime?

Renee Kingsley

January 27, 2016

Asian Casino News, Macau, Crime

Macau’s gambling industry continued to decline in 2015 due to the anti-corruption crackdown launched by Beijing to weed out money laundering, racketeering and other forms of criminal activity. Macau’s Judiciary...

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

Renee Kingsley

January 13, 2016

Casino expansion projects, China, Asian Casino News, Macau

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...

China’s anti-corruption crackdown will impact the progress of the controversial Baha Mar Resort

Renee Kingsley

January 7, 2016

Casino proposals, Casino News, Casino openings, China, Casino project updates, Bahamas, Caribbean Casino News, Money Laundering, Asian Casino News, Fines, Lawsuits & Litigation

The proposal to build the Baha Mar resort in the Bahamas was initially submitted in 2002 and over a decade has passed since then but the resort is yet to be completed and continues to be surrounded in controver...

Greek Mythology Casino in Macau does not provide any explanation for not opening in 2016: Updated

Renee Kingsley

January 5, 2016

Casino News, Casino closures, Asian Casino News, Macau, Fines, Lawsuits & Litigation

Please see update below: The Greek Mythology casino is one of the lesser known casinos in Macau but one of the oldest casinos that has operated in Taipa. The casino has operated under an SJM Holdings license...

Macau’s Chief Executive advises casino industry to focus on non-gaming activities in 2016

Renee Kingsley

December 22, 2015

Economy/Finance, Asian Casino News, Macau

Gambling establishments who were expecting better things from the Macau government in 2016 had their hopes doused yet again as Macau’s Chief Executive Fernando Chui Sai made it clear in a speech at the 16th ann...

Macau authorities investigate two officials who are suspected of taking bribes

Renee Kingsley

December 16, 2015

Casino Cheating, China, Money Laundering, Asian Casino News, Macau, Crime, Racketeering, Bribery

Chinese President Xi Jinping launched an anti-corruption crackdown in Macau due to growing concerns that government officials in high level positions were taking advantage of their power and using it for person...

Macau’s new DICJ Leader promises to amend gaming laws to revive casino industry

Renee Kingsley

December 2, 2015

Gaming Law & Legislation, Casino Cheating, China, Money Laundering, Economy/Finance, Asian Casino News, Macau, Fines, Lawsuits & Litigation

While it is clear that Beijing’s anti-corruption crackdown on the Macau industry has caused the casino industry to suffer its biggest market slump, questions must also be raised about Macau’s gambling regulatio...

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Renee Kingsley

November 11, 2015

China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

Melco Crown Entertainment recently opened its $3.2 billion Studio City casino resort in Macau and was forced to make a number of changes to its operation strategy due to the decline in Macau’s gambling revenues...

Britain to return corrupt Macau official’s stolen fortune

Renee Kingsley

November 5, 2015

Money Laundering, Asian Casino News, Macau, Tax Evasion, Conspiracy, Crime, Racketeering, Bribery, Financial Fraud

Ao Man Long was elected as Macau’s first Secretary for Transport and Public Works back in 2004 and was on a salary of MOP14 million. The Commission Against Corruption (CCAC) had investigated Long’s activities a...

Union Gaming confirms that Macau transit visa rules will be relaxed

Renee Kingsley

November 3, 2015

Gaming Law & Legislation, Gaming Industry News, Licenses, Asian Casino News, Macau

Macau’s casinos have been patiently waiting for well over a year for the government to show some sign of relaxing its tough stance on anti-corruption and easing its stringent regulations to encourage gamblers f...

Macau’s chief gaming regulator expected to step down this November

Renee Kingsley

October 29, 2015

Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

Manuel Joaquim das Neves, the chief gaming regulator in Macau has played a key role in Macau's anti-corruption crackdown as he has been the chief regulator of the Gaming Inspection and Coordination Bureau since...