Chinese authorities catch and prosecute 2nd most wanted man in China Renee Kingsley ChinaMoney LaunderingMacauFinancial FraudSingapore May 15, 2015 0Beijing has targeted Macau’s casino industry because it’s been reported to be a hotbed for corruption, money laundering and racketeering....
Gaming revenue dips; Macau govt surplus down 54.8% Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacau May 14, 2015 0On May 13th 2015, according to the city’s Financial Service Bureau, the surplus for the government of Macau has gone...
Two venues opening soon in Macau, table allocation not determined Sam Mitchell Latest Casino and Gambling NewsCasino NewsCasino project updatesLicensesMacau May 14, 2015 0Galaxy Entertainment Group in Macau is set to open two greatly anticipated properties in just a couple of weeks. However, this could...
Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers Renee Kingsley Economy/FinanceMacau May 14, 2015 0Beijing’s anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP...
Beijing pushes for economic diversification in Macau in order to limit Western financial control Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsMacau May 13, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry started early last year and while many expected the crackdown to stop after...
Caesars money laundering charges–up to $20 million fine possible Lars Jones U.S.A.Money LaunderingMacauFines, Lawsuits & Litigation May 12, 2015 0Caesars Entertainment Corp. said in a quarterly Securities and Exchange Commission filing yesterday that they are in discussions with the Financial...
Tinian casino opening 12 years out–constant progress Lars Jones Latest Casino and Gambling NewsCasino NewsCasino project updatesMacauNorthern Mariana Islands May 12, 2015 0Gambling expansion in the paradisaical Commonwealth of the Northern Mariana Islands continues with several projects in the works. Macau-based Alter...
Stunning Entertainment-Inspired Studio City Showcase Unveiled in Beijing Bernard Richter ChinaCasino project updatesMacau May 8, 2015 0Academy Award winning director Martin Scorsese special video appearance at launch of Studio City Experience China Roadshow BEIJING, May 8,...
Junket operator Iao Kun rolling chip revenue plunges 71% Sam Mitchell Latest Casino and Gambling NewsMacauFinancial Press Releases May 8, 2015 0Iao Kun Group Holding Co Ltd is a Nasdaq listed Macau VIP casino investor. On May 6, 2015 they announced...
Closing arguments in Jacobs v Sands jurisdiction hearings Sam Mitchell Latest Casino and Gambling NewsLas VegasMacauFines, Lawsuits & LitigationNevada May 8, 2015 0In Las Vegas on 7 May 2015, Todd Bice argued that Sheldon Adelson who is a casino billionaire and major...
Billionaire Sheldon Adelson gets uncomfortable in the hot chair Renee Kingsley Las VegasMacauFines, Lawsuits & LitigationNevada May 6, 2015 0Billionaire and Las Vegas Sands Chairman Sheldon Adelson has spent a fourth day in a Las Vegas courtroom to determine whether...
MGM China reports a shortfall of 33% during the 1st Quarter of 2015 Renee Kingsley Latest Casino and Gambling NewsMacauFinancial Press Releases May 5, 2015 0Macau’s casinos lost an estimated $100 billion during 2014 and analysts predicted that casinos would continue to struggle in 2015...
Sheldon Adelson testifies that Las Vegas Sands executives had no ulterior motives for sacking ex-Macau CEO Renee Kingsley MacauFines, Lawsuits & LitigationNevada May 5, 2015 0Billionaire and Las Vegas Sands Chairman Sheldon Adelson was forced to take the stand in court for the third time to...
Massive profit losses in Macau–Sands down 54.2%, SJM Holdings Ltd loses 46.5% Q1 Lars Jones MacauFinancial Press Releases May 4, 2015 0Sands China saw all of it’s properties post lower revenues in the first quarter of 2015 for a total profit...
Hong Kong offices of Union Gaming now open Sam Mitchell Latest Casino and Gambling NewsGaming Industry NewsHong KongMacau May 4, 2015 0Union Gaming Group LLC has relocated to a skyscraper, which stands tall over the ferry port servicing the Hong Kong to Macau...