China | World Casino News

MGM China Sees Q3 Revenue and EBITDAR Growth as Macau Rebounds

October 31, 2024

Casino News, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases

In the third quarter of 2024, MGM China Holdings Ltd. announced impressive financial results that reflect the steady resurgence of Macau’s gaming industry. The Macau-based subsidiary of MGM Resorts Internationa...

Sam Hou Fai Elected as Macau’s New Chief Executive, Pledging Economic Diversification

Johnny K.

October 14, 2024

Latest Casino and Gambling News, Casino News, China, World Casino News, Gaming Industry News, Asian Casino News, Macau

In a landmark election, Sam Hou Fai has been elected as Macau’s new Chief Executive, receiving an overwhelming 98.99% of the vote. The 62-year-old, who previously served as Macau’s top judge, secured 394 of the...

Spending of Macau High Rollers Accelerates in 2024: Citigroup Report

Johnny K.

September 23, 2024

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

According to a recent report from Citigroup, Macau’s premium mass gaming segment, particularly the spending behavior of high rollers, also known as "whales," is showing notable acceleration in 2024. The investm...

Taiwanese Businessman’s $188M Gambling Debt to Alvin Chau Revealed

Johnny K.

September 20, 2024

Latest Casino and Gambling News, Taiwan, World Casino News, China, Asian Casino News, Crime, Bribery, Financial Fraud

In a twist of financial and legal intrigue, Taiwanese businessman Sheen Ching-Jing has reportedly accumulated a massive NT$6 billion (approximately MOP1.52 billion/US$190 million) in gaming debts to Alvin Chau,...

Chinese Football Association Levies Lifetime Bans on 43 Individuals Over Match-Fixing and Corruption

Johnny K.

September 11, 2024

World Casino News, China, Illegal Bookmaking, Online Gambling News, Asian Casino News, Sports betting, Crime

The Chinese Football Association (CFA) has issued life bans to 43 individuals involved in a widespread match-fixing and corruption scandal, in one of the country's most significant football investigations to da...

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Vanja Mitic

August 21, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Online Gambling News, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud

Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordina...

China Enforces Strict Penalties for Cross-Border Online Gambling

Johnny K.

July 24, 2024

Gaming Law & Legislation, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Unlicensed Operation, Online Gambling News, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In a determined effort to curb the growing menace of cross-border online gambling, the Supreme People's Court of China has issued a directive to courts across the nation, mandating the continuation of stringent...

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Vanja Mitic

July 5, 2024

Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, World Casino News, China, Gaming Industry News, Hong Kong, Mobile gaming, Unlicensed Operation, Asian Casino News, Sports betting, Online Gambling News, Crime

As football enthusiasts around the globe immerse themselves in the UEFA European Championship (Euro 2024), Chinese authorities have been actively disrupting a surge of illegal online gambling activities associa...

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Johnny K.

July 1, 2024

Latest Casino and Gambling News, China, World Casino News, Hong Kong, Money Laundering, Illegal Bookmaking, Macau, Sports betting, Online Gambling News, Asian Casino News, Crime

In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Johnny K.

June 29, 2024

World Casino News, China, Hong Kong, Asian Casino News, Macau

Chinese tourists are set to enjoy expanded duty-free shopping benefits in Hong Kong, as Beijing plans a substantial increase in the current purchasing limit, according to a report from the Hong Kong media outle...

AG2 Expands Global Footprint with Seven New Licenses and International Offices

Johnny K.

June 19, 2024

Aruze Gaming Global (AG2), a casino equipment manufacturer based in Las Vegas, Nevada, has announced significant strides in its expansion across North America and Asia, having successfully met the stringent req...

Unveiling the Underworld: China’s Strict Anti-Gambling Laws Propel Crime into Southeast Asia

Vanja Mitic

May 13, 2024

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, China, Unsavory reports, World Casino News, Gaming Industry News, Unlicensed Operation, Online Gambling News, Crime

According to a comprehensive report from the United States Institute of Peace (USIP), China's stringent laws against gambling, both offline and online, have inadvertently driven organized crime groups into Sout...

XSGames Looking to Expand in Europe through Acquisition of Palasino Holdings’ Shares

Radosav Milutinovic

March 26, 2024

Following the 2022 US market entry, the Taiwanese gaming and investment company XSGames is working to expand its slot machine developments to European market. As reported, the online gaming content and slot mac...

Chinese Embassy Warns Its Citizens in Singapore to Stop Gambling

Vanja Mitic

March 18, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, China, Online gambling regulation, Gaming Industry News, Mobile gaming, Unlicensed Operation, Online Gambling News, Singapore

China is concerned about its citizens betting in Singapore. The Chinese embassy in Singapore issued a statement in which it warned its citizens to stop placing bets in the city-state, as it doesn’t comply with ...

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Radosav Milutinovic

February 23, 2024

Casino Sales, Taiwan, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Hong Kong, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia

The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

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MGM China Sees Q3 Revenue and EBITDAR Growth as Macau Rebounds

Sam Hou Fai Elected as Macau’s New Chief Executive, Pledging Economic Diversification

Spending of Macau High Rollers Accelerates in 2024: Citigroup Report

Taiwanese Businessman’s $188M Gambling Debt to Alvin Chau Revealed

Chinese Football Association Levies Lifetime Bans on 43 Individuals Over Match-Fixing and Corruption

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

China Enforces Strict Penalties for Cross-Border Online Gambling

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

AG2 Expands Global Footprint with Seven New Licenses and International Offices

Unveiling the Underworld: China’s Strict Anti-Gambling Laws Propel Crime into Southeast Asia

Chinese Embassy Warns Its Citizens in Singapore to Stop Gambling

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

AGA: Record-Breaking Revenue for U.S. Commercial Gaming in Q3 2024

Wynn Resorts on Track for 2027 Launch of UAE’s First Integrated Resort, Wynn Al Marjan Island

Denmark Ushers in a New Regulatory Era with the Launch of Land-Based Bingo Licensing

Tribal Casino Applications Spur Tensions in Oregon Gaming Landscape

eCOGRA Expands into Arizona, Indiana, and Panama with New Regulatory Approvals