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Macau supporting visa-free Hengqin Island visitation plan

May 2, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, New Hotels, Gaming Industry News, Macau

Officials in Macau are reportedly partnering with their counterparts from neighboring Hengqin Island in order to lobby Beijing for the right to introduce a visa-free regime for foreign tourists wishing to trave...

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Adam Morgan

April 24, 2019

Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced the completion of a deal that has seen it pay approximately $91.5 million in order to acquire a controlling stake in Russian casin...

Macau cracking down on illicit currency exchange activities

Adam Morgan

February 27, 2019

Latest Casino and Gambling News, Money Laundering, Economy/Finance, Macau, Crime, Racketeering, Financial Fraud

The highest ranking security official in Macau has reportedly announced that some 3,050 foreigners had been arrested either inside or near a casino last year on suspicion of being involved in illegal currency e...

New currency rules may negatively impact Macau casinos

Adam Morgan

February 16, 2019

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

The local branch of global brokerage firm Sanford C Bernstein and Company has reportedly detailed that it is still too early to tell what impact recently-tightened foreign currency transaction rules will have o...

American casino operators to face possible challenges in Macau

Adam Morgan

January 15, 2019

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

In Macau, a slowing economy alongside the prospects of a heightened trade war between the United States and China could reportedly lead to significant challenges for the three foreign gambling firms that operat...

Construction of new North Korean hotel and casino halted

Adam Morgan

November 26, 2018

North Korea, Latest Casino and Gambling News, Casino proposals, Casino News, Casino project updates

In North Korea, construction of a new 30-story hotel and casino for the northwest of the impoverished Asian nation has reportedly been suspended amid rumors that the government of China had lodged a formal obje...

Landing International Development Limited shares plummet

Adam Morgan

August 24, 2018

Casino Sales, Latest Casino and Gambling News, Hong Kong, Economy/Finance, Crime, Financial Fraud

Shares in casino operator, Landing International Development Limited, have reportedly plunged amid news that the firm’s Chairman, Yang Zhihui (pictured), may have been arrested as part of an investigation into ...

Sega Sammy Holdings Incorporated reveals Paradise City expansion plans

Adam Morgan

May 14, 2018

Latest Casino and Gambling News, Casino expansion projects, Game manufacturers, Economy/Finance, South Korea

Japanese pachinko operator Sega Sammy Holdings Incorporated has reportedly announced that it intends to inaugurate an expansion of its Paradise City integrated casino resort in South Korea containing a spa and ...

Mohegan Gaming and Entertainment going it alone in South Korea

Adam Morgan

May 10, 2018

Latest Casino and Gambling News, Tribal Gaming, Casino project updates, Mergers, Acquisitions & Partnerships, South Korea

The federally-recognized Mohegan Tribe has reportedly announced that its casino-operating Mohegan Gaming and Entertainment vehicle has inked a deal that will see it become the sole owner of an integrated casino...

Discretionary spending by mainland Chinese expected to climb

Adam Morgan

October 11, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

The number of mainland Chinese citizens earning more than $3,794 a month is reportedly set to rise by around 22% over the next decade and lead to an increase in discretionary spending with many consumer segment...

China bans domestic investment in overseas gambling ventures

Adam Morgan

August 22, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, China, Economy/Finance

In China, the government reportedly instituted new regulations late last week that have been designed to stop the flow of money abroad by limiting outbound investment in a number of sectors including the gambli...

Ongoing diplomatic row sends Paradise Corporation Limited into the red

Adam Morgan

August 9, 2017

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has released its financial results for the second quarter showing a 26% decrease year-on-year in overall sales to $122.91 million alongside an 85.3% fall in...

Fiji deports 77 Chinese suspected of running illegal online gambling service

Adam Morgan

August 7, 2017

Latest Casino and Gambling News, China, Unlicensed Operation, Crime

Law enforcement officials on the Pacific Ocean island nation of Fiji reportedly deported 77 Chinese nationals back to their home nation over the weekend amid accusations that the group had been running an illeg...

Marina Bay Sands suing former Chinese table tennis star over gambling debt

Adam Morgan

May 30, 2017

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Singapore

One of China's best-known table tennis players is reportedly being sued in a Hong Kong court for failing to fully pay off a gambling debt he ran up while at the Marina Bay Sands property in Singapore. Accord...

Edward Farrell named to lead development of Resorts World Las Vegas project

Adam Morgan

May 18, 2017

Latest Casino and Gambling News, Las Vegas, Casino proposals, Casino News

Asian casino operator Genting Group has appointed industry veteran Edward Farrell to oversee the development of its coming Resorts World Las Vegas project while stating that the planned opening of the $4 billio...