China | World Casino News

One fourth of lottery funds misused in China; US$2.72 billion

June 26, 2015

Latest Casino and Gambling News, China, Lottery, Unlicensed Operation, Financial Fraud

Thursday, June 25, 2015 the National Audit Office of China revealed misappropriation of lottery funds on its website. According to the report investigators have found approximately 16.9 billion Yuan has been mi...

Air travel from China to South Korea increases

Sam Mitchell

June 25, 2015

Casino News, Latest Casino and Gambling News, China, Japan, Asian Casino News, South Korea

May was a great month for traveling from China to South Korea. June 24, 2015 official statement from South Korea revealed travel was up 28% based on a 2014 to 2015 analysis. May numbers showed 1.69 million peop...

Macau casino revenues continue to decline

Sam Mitchell

June 24, 2015

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

On June 23rd 2015, it was reported that the losing streak of Macau is set to continue. The gambling revenue of Macau could fall in June by as much as 30 to 40% annually to $2 billion according to Cameron McKnig...

Seventeen casinos scheduled to open before 2020 in Asia Pacific

Renee Kingsley

June 22, 2015

Cambodia, Latest Casino and Gambling News, Australia, Casino News, China, New Zealand, Japan, Macau, Asian Casino News, Malaysia, Oceania Casino News, Nepal, Philippines, Russia, Singapore, South Korea, Vietnam

The gambling industry in Asia continues to grow at a rapid pace and gambling establishments are not wasting any time in expanding their presence throughout the Asia Pacific region. As many as seventeen casinos ...

14 arrested in China for attracting gamblers

Lars Jones

June 21, 2015

Latest Casino and Gambling News, China, World Casino News, Crime, South Korea

On Friday, Asian news agency Yonhap reported that Chinese authorities had arrested 14 South Koreans on Wednesday for allegedly trying to lure Chinese citizens into foreigner-only casinos in Korea. The charges i...

Morgan Stanley says Macau casino decline caused by drop in VIP customers

Renee Kingsley

June 19, 2015

Las Vegas, Casino News, China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Nevada

Morgan Stanley Research Asia Ltd recently completed a detailed study of the casino industry in Macau and has concluded that the significant decline in revenue is directly linked to the drop in Macau’s VIP clien...

Macau’s Financial Services Bureau reports 35% drop in govt gaming tax

Renee Kingsley

June 18, 2015

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

When Beijing launched its anti corruption crackdown in February 2014 and targeted Macau’s casinos, many believed that it would be a one-off operation. As the campaign continued over the next few months, Macau’s...

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...

Wang Bo bribery case to be investigated by new fact-finding team

Sadonna Price

June 9, 2015

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

Wang Bo is a Chinese national who is allegedly involved in a bribery case involving officials from the Bureau of Immigration. Wang currently sits in a BI detention facility in Taguig City and now the Department...

Philippines immigration commissioner says he did not accept any bribe from Chinese deportee

Renee Kingsley

June 6, 2015

Unsavory reports, China, Crime, Philippines

Beijing anti-corruption campaign has extended its reach into international territories as Chinese authorities are determined to go after corrupted officials and VIP gamblers from the Mainland who have now fled ...

Upcoming Kazakhstan casino resort announces marketing/sales partner

Sam Mitchell

June 5, 2015

Latest Casino and Gambling News, China, Casino project updates, Kazakhstan, Mergers, Acquisitions & Partnerships, Russia, Russia

On June 5th 2015, it was announced that Big Lifestyle and Development will be the exclusive sales and marketing partner for the new casino resort that is being built along the Silk Road in Kazakhstan. In the...

Chinese visas for any Taiwan casinos not likely

Lars Jones

May 28, 2015

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

Although relations between Taiwan and China have been stable and improving for several years, the dynamics are complicated and can change quickly. Beijing is adamant about their position on casinos in Taiwan, h...

Taiwan gets warning from Beijing about possible casino on Kinmen Island

Renee Kingsley

May 27, 2015

Taiwan, Gaming Law & Legislation, Casino proposals, Casino News, China, Asian Casino News

Mainland China does not allow gambling and the Chinese government have been very clear that any establishments or players found running illegal gambling activities will be immediately prosecuted. However the p...

Singapore casinos continue to thrive in spite of low VIP numbers from China

Renee Kingsley

May 25, 2015

Latest Casino and Gambling News, China, Macau, Asian Casino News, Singapore

Macau’s casinos made over fifty percent of their revenue from VIP and high stake gamblers who came in from Mainland China. When Beijing decided to launch its anti-corruption campaign targeting Macau’s casino in...

Chinese authorities arrest internet celebrity Guo Meimei for running illegal casino

Renee Kingsley

May 23, 2015

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

Mainland Chinese love to play games that involve betting and a great many of them love to gamble in their free time. The Chinese economy has gone from strength to strength during the past decade which resulted ...

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One fourth of lottery funds misused in China; US$2.72 billion

Air travel from China to South Korea increases

Macau casino revenues continue to decline

Seventeen casinos scheduled to open before 2020 in Asia Pacific

14 arrested in China for attracting gamblers

Morgan Stanley says Macau casino decline caused by drop in VIP customers

Macau’s Financial Services Bureau reports 35% drop in govt gaming tax

MGM reconfigures credit agreement for Macau Resort

Wang Bo bribery case to be investigated by new fact-finding team

Philippines immigration commissioner says he did not accept any bribe from Chinese deportee

Upcoming Kazakhstan casino resort announces marketing/sales partner

Chinese visas for any Taiwan casinos not likely

Taiwan gets warning from Beijing about possible casino on Kinmen Island

Singapore casinos continue to thrive in spite of low VIP numbers from China

Chinese authorities arrest internet celebrity Guo Meimei for running illegal casino

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