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Macau casino operators encounter challenging start to the year

January 10, 2022

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

The casino hotspot of Macau has reportedly experienced a disappointing start to 2022 although local operators are continuing to chalk up ‘good’ advanced booking figures for the upcoming Chinese New Year holiday...

China reiterates nationwide cryptocurrency prohibition

Adam Morgan

September 27, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, China, Gaming Industry News, Economy/Finance, Money Laundering, The Players Lounge, Online Gambling News, Crime, Financial Fraud

The central bank for China has reportedly issued an official statement in order to remind citizens that it remains illegal to conduct transactions using a digital currency or engage in any form of cryptocurrenc...

Japanese legislator sentenced to four years in prison for taking bribes

Adam Morgan

September 7, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Gaming Industry News, Japan, Licenses, Crime, Bribery

In Japan and federal legislator Tsukasa Akimoto (pictured) has reportedly been sentenced to a four-year term in prison after being found guilty of accepting bribes from representatives of a company that had bee...

Positive prediction for mobile games industry

Adam Morgan

February 15, 2019

Latest Casino and Gambling News, World Casino News, Technology, Mobile gaming, Game manufacturers, Online Gambling News

The global rise in the use of advanced smartphones is reportedly set to push annual revenues from mobile gaming well beyond the $100 billion milestone by 2021 and lead to the vertical accounting for approximate...

Suncity Group Holdings Limited focused on transformation

Adam Morgan

June 13, 2018

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

A senior executive for prominent junket operator, Suncity Group Holdings Limited, has reportedly reiterated his firm’s desire to begin running casinos across Asia including in the Philippines, South Korea, Myan...

South Korea casino hopeful signs deal to draw down syndicated loan

Adam Morgan

December 21, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, South Korea

Chinese real estate developer and operator New Silkroad Culturaltainment Limited has reportedly announced that its controlling shareholder has agreed to draw down $38.6 million of a syndicated loan it holds wit...