Junket | World Casino News

SkyCity Entertainment Group Limited to permanently shun junket firms

April 13, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, New Zealand, Money Laundering, Employment & Careers, Mergers, Acquisitions & Partnerships, Crime

In New Zealand and casino operator SkyCity Entertainment Group Limited has reportedly announced that it is to permanently cease using junket firms to attract high-value foreign gamblers to its four properties. ...

Western Australia probe into Crown Resorts Limited commences

Adam Morgan

April 12, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Licenses, Fines, Lawsuits & Litigation

In Western Australia and the royal commission investigating whether casino operator Crown Resorts Limited is suitability to hold a gambling license for its Crown Perth venue has reportedly begun hearing introdu...

Suncity Group Holdings Limited expecting to record full-year profit

Adam Morgan

March 23, 2021

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

Asian casino investor Suncity Group Holdings Limited has reportedly announced that it expects to release its 2020 financials next week featuring a respectable full-year profit attributable to shareholders of ab...

Crown Resorts Limited to temporarily cease making political contributions

Adam Morgan

March 16, 2021

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

Australian casino operator Crown Resorts Limited has reportedly announced that it is to immediately cease making political contributions as it prepares to undergo license suitability investigations in the state...

Macau chalks up a substantial drop in annual casino tax revenues

Adam Morgan

February 19, 2021

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

The government of Macau has reportedly announced that 2020 saw the annual tax contribution from the city’s collection of almost 40 casinos plunge by 73.6% year-on-year to stand at approximately $3.73 billion. ...

Rich Goldman Holdings Limited issues profit warning

Adam Morgan

February 8, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian junket operator Rich Goldman Holdings Limited has reportedly announced that it expects to detail a loss of approximately $2.32 million for the six months to the end of December owing to depressed demand l...

Tak Chun Group to open VIP gaming lounge inside The Londoner Macao

Adam Morgan

February 5, 2021

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

In Macau and prominent casino junket operator Tak Chun Group has reportedly announced that it is to premiere its latest VIP gaming club inside The Londoner Macao from Monday afternoon. According to a report ...

Macau’s VIP gaming sector being hurt by coronavirus

Adam Morgan

January 29, 2021

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

In Macau and a leading government official has reportedly declared that it is an ‘inevitable reality’ that the number of VIP gaming clubs will continue to decrease as a direct result of the coronavirus pandemic...

Brokerage mulls over digital currency introduction for Macau

Adam Morgan

January 22, 2021

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

Mass and premium-mass business at the 39 casinos in Macau could reportedly benefit if the enclave ever decided to adopt the digital version of the yuan currency currently being promoted by the government of Chi...

China getting tough on foreign casino solicitation

Adam Morgan

December 28, 2020

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

In China and the standing committee of the National People’s Congress has reportedly approved new legislation that is to bring in tough penalties for anyone found guilty of facilitating overseas gambling. Ac...

Tak Chun Group initiates voluntary redundancy payment program

Adam Morgan

December 1, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Labor Relations

In Macau and prominent casino junket operator Tak Chun Group has reportedly announced the initiation of a program that is to see it offer one-off cash payments to staff members who voluntarily agree to resign. ...

Wynn Macau Limited experiencing slow post-coronavirus recovery

Adam Morgan

November 6, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships

Asian casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the third quarter showing that it experienced a decrease of 93.7% year-on-year in overall operating revenues ...

China considering new penalties against foreign casino solicitation

Adam Morgan

October 13, 2020

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

In China and federal legislators are reportedly considering a number of measures that would bring in stiffer penalties for any firms or individuals found guilty of soliciting citizens into gambling overseas. ...

Brokerage predicts long road to recovery for Macau casino industry

Adam Morgan

October 9, 2020

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

The Asian branch of financial services giant JP Morgan Securities has reportedly announced that it expects aggregated gross gaming revenues for the 39 casinos in Macau to reach as high as $36.58 billion for the...

Crown Resorts Limited temporarily suspends all external junket activities

Adam Morgan

September 25, 2020

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

Australian casino operator Crown Resorts Limited has reportedly announced that it has suspended ‘all activity’ with external junket operators until the end of June as part of an in-house review into its ‘compli...