China

Macau introduces casino play zones for foreign players, offers up to 5% tax relief for attracting overseas customers

Radosav Milutinovic
Gaming Law & Legislation, Taiwan, Casino Destinations, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino News, Casino reviews from Macau, World Casino News, China, Gaming Industry News, Hong Kong, Economy/Finance, The Players Lounge, Taxation, Online Gambling News, Macau, Asian Casino News
Following the recent announcement of Macau’s authorities that this Chinese Administrative Region would be gradually opening up for visitors from abroad and from mainland China,  Macau is to create distinct zone...

Landing International’s Chairman Yang Zhihui suspended following legal proceedings against him by Hong Kong regulator

Marija Malenovic
Latest Casino and Gambling News, World Casino News, China, Gaming Industry News, Hong Kong, Online Gambling News, Asian Casino News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, South Korea
Landing International Development Ltd., an innovative operator based in South Korea, has officially announced that it has suspended its chairman and Chief Executive Officer, Yang Zhihui, due to legal proceeding...

Cambodia-China solidify partnership to stop online gambling scams

Marija Malenovic
Latest Casino and Gambling News, Cambodia, Gaming Law & Legislation, Casino Cheating, Online gambling regulation, China, Gaming Industry News, Economy/Finance, The Players Lounge, Unlicensed Operation, Licenses, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Licensing, Financial Fraud
Cambodia and China solidify their partnership with an agreement to improve their joint efforts to stop online gambling and telecommunications scams. This very productive deal was announced to the public last we...

COVID-zero policy led Wynn Macau to $163 million revenue loss in 3Q22

Marija Malenovic
Casino News, Las Vegas, Latest Casino and Gambling News, World Casino News, North America Casino News, China, New Hotels, Casino reviews from Macau, Casino project updates, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Macau, Financial Press Releases, Nevada
During the past 3 months until September 30th, 2022, Wynn Resorts, a leading developer of high quality hotels and casinos, saw revenue decreased by 162,7,0 million dollars, across Wynn Macau and Wynn Palace, Ma...

China reiterates nationwide cryptocurrency prohibition

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, China, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, 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...

China records significant increase in prosecutions of gambling-related crimes

Adam Morgan
Gaming Law & Legislation, Latest Casino and Gambling News, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Sports betting, Crime, Financial Fraud
In China and the Supreme People’s Procuratorate has reportedly announced that it prosecuted 46,575 people over the course of the first six months of 2021 for gambling-related crimes. According to a report fr...