China | World Casino News

Efforts to curb underground banking beefed up by China

November 25, 2015

Casino News, Latest Casino and Gambling News, World Casino News, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Asian Casino News, Macau, Online Gambling News, Financial Fraud

After the country’s largest underground banking operation was dismantled by authorities in China last week, handling online gambling transactions in the country could become much more difficult. Approximatel...

China busts massive online gambling ring

Alex Lanter

November 18, 2015

Latest Casino and Gambling News, China, World Casino News, Unlicensed Operation

On Tuesday the authorities in China announced that they cracked a big cross-border online gambling ring that handled $78 billion in bets from almost 1 million customers in China alone. According to local media ...

Sihanoukville casino owners suffer losses after Chinese authorities bust alleged extortion ring

Renee Kingsley

November 17, 2015

Cambodia, China, Economy/Finance, Employment & Careers, Asian Casino News, Conspiracy, Racketeering, Crime

The casino industry in Cambodia has grown rapidly during the last eighteen months and one of the main reasons for that growth is due to the influx of gamblers from Mainland China. The Cambodian government and C...

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Lars Jones

November 14, 2015

Casino News, Latest Casino and Gambling News, China, New Hotels, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

The $3.5 billion Baha Mar Resort in the Bahamas was so close to opening in March that people were booking rooms. However disputes between the developer, contractor, and financier resulted in a construction slow...

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Renee Kingsley

November 11, 2015

China, Gaming Industry News, Economy/Finance, Macau, Asian Casino News

Melco Crown Entertainment recently opened its $3.2 billion Studio City casino resort in Macau and was forced to make a number of changes to its operation strategy due to the decline in Macau’s gambling revenues...

Megaworld and Travellers collaborate to launch billion dollar project in Manila

Renee Kingsley

November 6, 2015

China, New Hotels, Casino openings, Casino project updates, Asian Casino News, Macau, Philippines

The Philippines continues to be an attractive destination for gambling firms to open new casinos as the government has continued to invite foreign investment into its growing gambling industry. This time around...

Casino opportunity on the horizon in outlying islands of Taiwan

Sadonna Price

November 3, 2015

Taiwan, Latest Casino and Gambling News, Gaming Law & Legislation

According to reports from Taiwan, the residents of the outlying islands may have the opportunity to vote again on if the area will provide casino gaming. The Referendum Screening Committee has approved a propos...

Studio City countdown to Tuesday

Kim M

October 25, 2015

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

The days are counting down to the much anticipated grand opening of Melco Crown Entertainment’s (MCE) integrated casino resort Studio City scheduled for Tuesday, October 27, which will feature a performance by ...

Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium

Renee Kingsley

October 13, 2015

Australia, China, Casino openings, Hong Kong, Economy/Finance, Asian Casino News

Echo Entertainment and James Packer’s Crown Resorts battled it out to secure rights to construct a $3 billion mega-casino resort at Queen's Wharf, Brisbane. The Queensland government eventually decided that Ech...

Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

Renee Kingsley

October 5, 2015

Gaming Law & Legislation, Casino News, China, Economy/Finance, Asian Casino News, Macau

Macau’s department of gaming recently confirmed that gaming revenue has fallen for the 16th consecutive month. This drop in gaming revenue is due to the anti-corruption crackdown launched by Beijing in 2014 tha...

Macau casino stocks up on reports of potential economic support from Beijing

Lars Jones

October 4, 2015

Latest Casino and Gambling News, Casino News, China, Economy/Finance, Macau

Macau casinos' gross gaming revenue fell by 1/3 in September, the sixteenth month in a row showing decline, but the numbers were within expectations. Hitting forecasts as well as reports that Beijing may be wil...

Raids result in thousands of arrests in Macau, China, and HK

Kim M

September 27, 2015

Latest Casino and Gambling News, China, World Casino News, Hong Kong, Money Laundering, Unlicensed Operation, Asian Casino News, Macau

According to local sources a series of raids over a three-month period by Hong Kong police have resulted in the arrests of approximately 4,343 people with alleged ties to the city’s infamous organized crime syn...

Landing says Jeju Casino succeeds with Chinese gamblers

Renee Kingsley

September 25, 2015

China, Economy/Finance, Asian Casino News, South Korea

China real estate developer Landing International in partnership with Genting Hong Kong had operated Hyatt Regency Jeju on Jeju Island in South Korea. However, the Jeju casino did not perform as well as per in...

XpressWest rail from California to Las Vegas finds partnership

Lars Jones

September 20, 2015

Casino News, Latest Casino and Gambling News, Las Vegas, China, California, Mergers, Acquisitions & Partnerships, Nevada

Before Nevada Gov. Brian Sandoval's newly formed Nevada High-Speed Rail Authority has had a chance to meet, XpressWest has announced a joint venture with newly formed company China Railway International U.S.A. ...

Horse racing collaboration coming to mainland China, no betting allowed

Lars Jones

September 12, 2015

Horse Racing, Latest Casino and Gambling News, China, Hong Kong, Mergers, Acquisitions & Partnerships

The Hong Kong Jockey Club (HKJC) will act as advisors to the Chinese Equestrian Association to help develop the sport of horse racing in China. An historic agreement was announced between the two organizations ...

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Efforts to curb underground banking beefed up by China

China busts massive online gambling ring

Sihanoukville casino owners suffer losses after Chinese authorities bust alleged extortion ring

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Megaworld and Travellers collaborate to launch billion dollar project in Manila

Casino opportunity on the horizon in outlying islands of Taiwan

Studio City countdown to Tuesday

Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium

Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

Macau casino stocks up on reports of potential economic support from Beijing

Raids result in thousands of arrests in Macau, China, and HK

Landing says Jeju Casino succeeds with Chinese gamblers

XpressWest rail from California to Las Vegas finds partnership

Horse racing collaboration coming to mainland China, no betting allowed

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DraftKings Sued Over Account Closures and Withheld Funds

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Casbit Group Declared Bankrupt Over Player Debts

Betfred Faces Challenges as It Scales Back U.S. Operations, Exiting Multiple States