Tagged beijing

Digital yuan adoption forecast to benefit Macau’s casino industry

May 20, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Technology, Economy/Finance, Macau

Global investments research firm Sanford C Bernstein Limited has reportedly predicted that China could begin relaxing some of its controls on the movement of cash into Macau if the enclave was to adopt the digi...

Crown Resorts Limited potentially on the hook for Victoria fines

Adam Morgan

April 5, 2022

Latest Casino and Gambling News, Australia, Gaming Law & Legislation, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

In Australia and the new gambling regulator for the southern state of Victoria has reportedly launched disciplinary proceedings against Crown Resorts Limited that could result in the casino operator being hit w...

Macau instituting international air travel prohibition to fight coronavirus

Adam Morgan

January 6, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The government of Macau has reportedly reacted to the threat being posed by the rising prevalence of the Omicron variant of coronavirus by announcing that it will soon institute a two-week ban on all internatio...

Macau arrests eleven over illegal mainland gambling allegations

Adam Morgan

November 29, 2021

Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Macau, Online Gambling News, Crime, Financial Fraud

In Macau and the Judiciary Police has reportedly announced the arrest of eleven individuals for allegedly having ties to illicit gambling supposedly being conducted by local junket giant Suncity Group. Accor...

China reiterates nationwide cryptocurrency prohibition

Adam Morgan

September 27, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, China, Gaming Industry News, Economy/Finance, Money Laundering, The Players Lounge, Online Gambling News, Crime, Financial Fraud

The central bank for China has reportedly issued an official statement in order to remind citizens that it remains illegal to conduct transactions using a digital currency or engage in any form of cryptocurrenc...

China levies substantial fines in its fight against cross-border gambling

Adam Morgan

September 14, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, China, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Crime

In China and the State Administration of Foreign Exchange regulator has reportedly announced that it has levied fines totalling almost $900,000 against ten individuals who were found to have engaged in illegal ...

Macau tourism official expecting Labour Day surge in visitation

Adam Morgan

April 21, 2021

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

In Macau and a senior official with the enclave’s tourism ministry has reportedly predicted that local hotel occupancy rates during next month’s five-day Labour Day public holiday could reach as high as 80%. A...

Macau planning financial rules change to allow for ‘digital yuan’ adoption

Adam Morgan

April 14, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Technology, Economy/Finance, Macau

In Macau and officials are reportedly preparing to amend the enclave’s financial rules so as to allow for the complete adoption of a digital version of the yuan currency currently being trialled by the governme...

Macau experiences 90% tumble in September gaming revenues

Adam Morgan

October 1, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

The ongoing coronavirus pandemic is reportedly continuing to negatively impact the 39 casinos in Macau as their aggregated gross gaming revenues for the whole of last month dropped by 90% year-on-year to stand ...

Macau casinos see light at the end of the coronavirus tunnel

Adam Morgan

September 8, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximate...

Macau experiences significant decrease in April visitor numbers

Adam Morgan

May 22, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Ongoing border restrictions put in place to help combat the coronavirus pandemic have reportedly helped to push Macau’s visitor numbers for last month down by 99.7% year-on-year to only 11,041. According to ...

Macau’s new Chief Executive lays out his future intentions

Adam Morgan

April 20, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

In Macau and Ho Iat Seng (pictured) reportedly used his maiden official address as the enclave’s new Chief Executive to pronounce that he will continue to push local casino operators to diversify their offering...

Macau casinos told to expect a long road to market recovery

Adam Morgan

April 15, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau could reportedly start to recover from the economic impacts of the ongoing coronavirus pandemic from June although it could take up to a further two years for their gaming businesses to ...

Philippines President rejects Chinese request to ban all online gambling

Adam Morgan

September 7, 2019

Latest Casino and Gambling News, Online gambling regulation, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Philippines

In the Philippines, President Rodrigo Duterte (pictured) has reportedly rejected a request from authorities in China to ban all online gambling over concerns that doing so may harm his nation’s fragile economy....

Philippines regulator issues pair of new iGaming licenses

Adam Morgan

August 26, 2019

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Philippines

The state-run Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly issued licenses to a pair of online gaming operators less than a week after implementing a temporary freeze on the pro...