Junket | World Casino News

More development cash for Vietnam’s coming Hoiana casino resort

July 7, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Vietnam

In central Vietnam and two of the firms behind the under-construction Hoiana integrated casino resort have reportedly agreed to provide the giant project with a loan worth approximately $60 million. Accordin...

Las Vegas Sands Corporation facing Marina Bay Sands probe

Adam Morgan

June 5, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

American casino operator Las Vegas Sands Corporation is reportedly facing an official federal probe into whether its Marina Bay Sands venue in Singapore breached anti-money laundering regulations. According ...

Suncity Group inks Resorts World Westside City casino operating deal

Adam Morgan

May 5, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and prominent Asian junket firm Suncity Group has reportedly officially signed the lucrative arrangement that is to give one of its subsidiaries the right to operate the casino being planned ...

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 gaming regulator asks for casino staff layoffs to be suspended

Adam Morgan

March 5, 2020

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

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly sent letters to every one of the city’s six licensed casino operators asking that they temporarily refrain from implementing s...

Wynn Macau Limited raising junket commission rate to 42.5%

Adam Morgan

March 4, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited is reportedly boosting the amount of commission it pays Macau’s many junket operators so as to recover from the downturn in bus...

‘Golden Week’ disappointment for Macau casinos

Adam Morgan

October 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first seven days of October reportedly saw the over 35 casinos in Macau record aggregated daily gross gaming revenues that were some 12% lower year-on-year at approximately $142.33 million. According to ...

Suncity Group to debut refurbished Galaxy Macau VIP gaming lounge

Adam Morgan

September 19, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Macau, Mergers, Acquisitions & Partnerships

In Macau and prominent Asian junket firm, Suncity Group, has reportedly announced that it will be premiering a refurbished VIP gaming lounge inside the giant Galaxy Macau property from Tuesday. According to ...

Gloomy prediction for future Macau aggregated gross gaming revenues

Adam Morgan

September 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The boss for prominent Asian junket operator, Suncity Group, has reportedly predicted that Macau could see an up to 20% decline year-on-year in fourth-quarter aggregated gross gaming revenues to around $7.79 bi...

Donaco International Limited sees annual loss grow on the back of impairment charges

Adam Morgan

August 28, 2019

Latest Casino and Gambling News, Australia, Gaming Industry News, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships

Asian casino operator Donaco International Limited has reportedly released its financial results for the twelve months to the end of June showing that its annual loss had widened by 55.8% year-on-year to hit ne...

Tigre de Cristal half-year results highlight the importance of VIP clientele

Adam Morgan

August 27, 2019

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

Asian casino operator, Summit Ascent Holdings Limited, has reportedly revealed that its Tigre de Cristal venue recently experienced a 24% increase year-on-year in aggregated six-month revenues to approximately ...

Crown Resorts Limited annual financials hurt by drop in VIP revenues

Adam Morgan

August 21, 2019

Latest Casino and Gambling News, Australia, Economy/Finance

Australian casino operator, Crown Resorts Limited, has released its financial results for the twelve months to the end of June showing that its net profit for the period had decreased by 28.1% year-on-year to a...

Suncity Group to close Australian junket operations

Adam Morgan

August 19, 2019

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Mergers, Acquisitions & Partnerships, Crime

Asian junket firm, Suncity Group, has reportedly decided to abandon the Australian casino market following allegations that its VIP operations in Melbourne and Sydney may have aided Chinese organized crime synd...

Suncity Group Holdings Limited refutes Australian investigation rumors

Adam Morgan

August 7, 2019

Latest Casino and Gambling News, Australia, Gaming Industry News, Money Laundering, Economy/Finance, Crime

Asian casino firm, Suncity Group Holdings Limited, has reportedly released an official statement to refute recent claims that it is being investigated by authorities in Australia over alleged links between its ...

Australian officials initiate investigation into casino junket operators

Adam Morgan

August 5, 2019

Latest Casino and Gambling News, Australia, Gaming Industry News, Money Laundering, Economy/Finance, Crime

In Australia and law enforcement officials have reportedly launched a special investigation into whether overseas junket operators may be aiding Chinese organized crime syndicates by using the nation’s casinos ...