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Sheldon Adelson dismisses libel lawsuit against newspaper reporter

January 13, 2017

Casino News, Latest Casino and Gambling News, Hong Kong, Casino moguls, Fines, Lawsuits & Litigation

Billionaire casino magnate Sheldon Adelson has reportedly settled a libel lawsuit he had brought against a reporter from The Wall Street Journal newspaper regarding a 2012 article in which he was described as “...

Hong Kong judge orders casino cruise ship to be auctioned

Adam Morgan

July 13, 2016

Casino Cruise Ships, Latest Casino and Gambling News, Hong Kong, Economy/Finance, Labor Relations

In Hong Kong, a High Court judge has ordered the owner of a once-successful casino cruise ship to sell the vessel at auction and use the proceeds to honor the unpaid wages of its 46-member crew. According to...

UEFA 2016 European Football Championship spurs illegal betting across all of Asia

Renee Kingsley

July 5, 2016

Cambodia, Taiwan, Latest Casino and Gambling News, Hong Kong, Illegal Bookmaking, Asian Casino News, Macau, Sports betting, Thailand, Vietnam

The 2016 Euro Football Championships has spurred a massive betting craze across Asia as thousands of football fans in China, Vietnam, Cambodia and Thailand have joined illegal gambling groups to place wagers an...

Macau decline contributes to Chow Tai Fook Jewellery’s 46% profit drop

Martin Chua

June 7, 2016

Latest Casino and Gambling News, Hong Kong, Economy/Finance, Macau

Chow Tai Fook Jewellery Group Ltd., has reported a full year profit drop of 46 percent as the Chinese economy beyond Macau gaming has continued to slow. Poor demand in Hong Kong, as well as Macau contributed to...

Hong Kong and Macau investors may open entertainment venues in Guangdong

Martin Chua

June 6, 2016

Latest Casino and Gambling News, China, Hong Kong, Macau

Beijing has given the green light for Hong Kong and Macau businesses to open entertainment venues, sans casinos, in the southern province of Guangdong, China. The move allows companies operating in the SARs to ...

First-phase of Vietnamese resort casino to offer three hotels

Adam Morgan

May 5, 2016

Casino proposals, Australia, Latest Casino and Gambling News, Hong Kong, Macau, Philippines, South Korea, Vietnam

Macau junket promoter Suncity Group has revealed that the first phase of the casino resort it is building in Vietnam in partnership with asset management firm VinaCapital Group and Gold Yield Enterprises will i...

High-profile advisers from U.S. named to Imperial Pacific’s new advisory committee

Kim M

April 25, 2016

Latest Casino and Gambling News, Hong Kong, Mergers, Acquisitions & Partnerships, Northern Mariana Islands, Saipan

A three-member advisory committee has been established by Hong Kong-listed Imperial Pacific International Holdings Ltd (1076:HKG) to provide the firm’s management with “sound strategic and tactical advice,” rep...

Non-gaming business of Imperial Pacific dropped to focus on Saipan

Kim M

April 3, 2016

Latest Casino and Gambling News, Hong Kong, Mergers, Acquisitions & Partnerships, Saipan

On Tuesday, gaming investor Imperial Pacific International Holdings Ltd (HKG: 1076), which holds a casino license for the Pacific Island of Saipan, said its subsidiaries engaged in other business segments are b...

Macau government announces no interest in expanding IVS policy

Sadonna Price

March 30, 2016

Latest Casino and Gambling News, China, Hong Kong, Macau

On Tuesday, Fernando Chui Sai, the Chief Executive of Macau, spoke to local media, stating that the government of Macau is not currently interested in increasing the visitor arrivals from mainland China. The go...

Yearly net loss for Imperial Pacific narrows to US$11 million

Kim M

March 17, 2016

Latest Casino and Gambling News, Hong Kong, Northern Mariana Islands, Financial Press Releases, Saipan

On Monday, Hong Kong-listed gaming investor Imperial Pacific International Holdings Ltd (HKG: 1076) reported a net loss of HKD84.37 million (US$10.87 million) for the entire 2015, compared to 2014’s loss of HKD...

Ex-Director of Wynn Resorts Ltd. to return to Las Vegas for questioning

Sadonna Price

October 19, 2015

Latest Casino and Gambling News, Las Vegas, Hong Kong, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Philippines, Nevada

Kazuo Okada formerly held the director position at the top gambling company, Wynn Resorts Ltd., before he was fired from his position, reportedly by Steve Wynn himself. Okada was removed from the board of the c...

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...

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

Kim M

September 27, 2015

Latest Casino and Gambling News, World Casino News, China, 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...

Hong Kong money laundering trial adjourned until March

Kim M

September 26, 2015

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

One time Neptune Group Ltd shareholder in Hong Kong’s Macau VIP gambling sector Cheung Chi-tai's trial has been adjourned by a Hong Kong court until March 24, 2016 at the request of prosecutors citing complexit...

Queensland treasurer confirms progress of Aquis Great Barrier Reef Resort

Renee Kingsley

September 22, 2015

Casino proposals, Australia, Hong Kong, Asian Casino News, Oceania Casino News

Hong Kong business tycoon and billionaire Tony Fung Wing Cheung had earlier committed to investing significantly into Australia as he believed the casino industry down under had enormous potential. Fung had com...

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Sheldon Adelson dismisses libel lawsuit against newspaper reporter

Hong Kong judge orders casino cruise ship to be auctioned

UEFA 2016 European Football Championship spurs illegal betting across all of Asia

Macau decline contributes to Chow Tai Fook Jewellery’s 46% profit drop

Hong Kong and Macau investors may open entertainment venues in Guangdong

First-phase of Vietnamese resort casino to offer three hotels

High-profile advisers from U.S. named to Imperial Pacific’s new advisory committee

Non-gaming business of Imperial Pacific dropped to focus on Saipan

Macau government announces no interest in expanding IVS policy

Yearly net loss for Imperial Pacific narrows to US$11 million

Ex-Director of Wynn Resorts Ltd. to return to Las Vegas for questioning

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

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

Hong Kong money laundering trial adjourned until March

Queensland treasurer confirms progress of Aquis Great Barrier Reef Resort

Infiniti Casino Set to Revitalize Grasse with New Casino Opening

Kangwon Land Unveils Major Casino Expansion to Tackle Crowding and Competition

Allegations of Illegal Gambling Rise Against Apple and Google in New Jersey

Vietnam Implements Decree 147 to Tighten Online Gaming Regulations

Curaçao Regulator Poised to Announce BC.Game License Decision