Junket | World Casino News

Wynn Macau Limited experiencing slow post-coronavirus recovery

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...

Alvin Chau showing commitment to Suncity Group Holdings Limited

Adam Morgan

August 19, 2020

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

The main investor in Asian casino management firm Suncity Group Holdings Limited has reportedly transferred shareholder loans worth approximately $500 million into perpetual securities featuring no maturity dat...

Australian casino operator retaining Suncity Group junket partnership

Adam Morgan

August 5, 2020

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

In Australia and an executive for local casino operator The Star Entertainment Group Limited has reportedly told an official inquiry that his company still works with Suncity Group despite allegations that the ...

Second-quarter employee redundancies for Macau junket firms

Adam Morgan

July 28, 2020

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

In Macau and the number of people employed by the enclave’s many casino junket operators reportedly dropped by around 5,200 during the three months to the end of June to approximately 82,300. According to a ...

Macau Golden Group to shutter trio of Macau VIP gaming lounges

Adam Morgan

July 10, 2020

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

In Macau and local junket operator, Macau Golden Group, has reportedly announced that it will be temporarily closing the trio of VIP gaming lounges it runs within the iconic Hotel Lisboa from the end of the mon...

More development cash for Vietnam’s coming Hoiana casino resort

Adam Morgan

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 ...