Junket | World Casino News

Macau court rules against Wynn Resorts Limited subsidiary

November 12, 2018

Latest Casino and Gambling News, Casino Heists, Macau, Crime, Fines, Lawsuits & Litigation

In Macau, the Court of Second Instance has reportedly ruled that the local subsidiary of Wynn Resorts Limited should be jointly liable for a chip deposit worth approximately $765,970 that was stolen from a junk...

Blockchain-based casino project to be launched for Macau

Adam Morgan

October 22, 2018

Casino Sales, Cryptocurrency, Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships

Maltese investments firm, Wide Rich Global Company, is hoping to bring in up to $1 billion via a virtual currency initial coin offering (ICO) in order to establish the planet’s first blockchain-based casino gam...

Suncity Group to open new junket service at NagaWorld

Adam Morgan

February 8, 2018

Latest Casino and Gambling News, Cambodia, Casino News, Mergers, Acquisitions & Partnerships

In Cambodia, prominent junket operator Suncity Group has reportedly announced that it intends to begin running a new VIP service for high-value clients inside the NagaWorld casino and entertainments complex fro...

Macau junkets audit expected by August

Lars Jones

May 17, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Macau

Some of the 40 VIP gambling promoters accounts that have been reviewed by Macau's casino regulator so far have proved to have faults, but the severity of the issue is not clear yet. Macau’s Gaming Inspection...

Macau appeals court rules against VIP junket operator

Adam Morgan

October 25, 2016

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

In Macau, an appeals court has ruled as illegal an investment scheme offered by a local junket firm while additionally ordering operator Cheong Wai Leng to repay around $322,252 in cash with interest. Accord...

Saipan’s Best Sunshine Live tallies $US1.66 billion in rolling for June

Lars Jones

July 4, 2016

Casino News, Economy/Finance, Macau, Northern Mariana Islands, Saipan

In their voluntary monthly filing with the Hong Kong Stock Exchange Saturday, Best Sunshine's parent company Imperial Pacific International Holdings Ltd released un-audited numbers showing the Best Sunshine Liv...

Studio City Macau may consider junket facilities

Martin Chua

June 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Studio City Macau, which opened with only mass market and high stakes tables and slots has said they will consider adding VIP junket facilities to their offering. The massive family friendly integrated resort, ...

Chinese junket operator in Manila reportedly received $30 million from hacked bank account

Lars Jones

March 16, 2016

Latest Casino and Gambling News, Hacking, Money Laundering, Philippines

Details are beginning to emerge in one of the largest cyber bank heists in history with the governor of Bangladesh's central bank resigning along with two deputies being fired. $81 million was reportedly stole...

Saipan, other CNMI casinos can soon invite junket operators

Lars Jones

January 6, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Saipan, Licenses, Northern Mariana Islands, Saipan

VIPs are already coming to Saipan in large enough numbers for the sole casino there to do over $3 billion in rolling chip business in their first two full months of operations. Now the CNMI Commonwealth Casino ...

Macau junket ops taking debtors to court

Lars Jones

September 5, 2015

Latest Casino and Gambling News, Economy/Finance, Macau, Fines, Lawsuits & Litigation

According to a report on Macau Business Daily (MBD), there has been a major increase in filings with the Court of First Instance by VIP gaming promoters seeking to recover moneys owed by well-to-do gamblers who...

MGM reconfigures credit agreement for Macau Resort

Sam Mitchell

June 14, 2015

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

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MGM Resort International announced Friday June 12, 2015 that it has refinanced the credit agreement for the Macau subsidiary. The agreement is being used to complete a $2.9 billion resort currently under constr...

Junket operator David Group denies closures, layoff plans

Lars Jones

June 12, 2015

Latest Casino and Gambling News, Gaming Industry News, Macau

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On the heels of Neptune Guangdong Group denying media reports yesterday that they plan to idle as many as 300 workers, the David Group has informed the local Macau Business Daily that they also “ no such plans”...

Imperial Pacific expects to construct 2 hotels and a casino in Saipan within 6 months of start

Renee Kingsley

May 29, 2015

U.S.A., Casino proposals, Casino News, Casino openings, Casino project updates, Northern Mariana Islands

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A company that has pledged to spend as much as US$7 billion on a casino resort on the Pacific island of Saipan says an indirect wholly-owned subsidiary will construct two hotels and a casino there within a six-...