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Legal
January 18, 2023
Former Suncity Group CEO Alvin Chau Gets 18 Years in Prison
GGR Asia reported that Chau, who was arrested back in November 2021, was found guilty on charges of illegal gambling, including running illegal gambling activities in licensed venues and fraud. Chau was not found guilty of charges of money laundering. Suncity Group’s Side-Betting Scheme Confirmed Macau Court of First Instance’s judge Lou Ieng Ha pronounced […]
Casino
January 3, 2023
Spam Bots on Twitter Promote Gambling in China, Says Study
One of the main challenges social media faces nowadays are spam bots. Despite algorithms and integrity measures, automated bots that promote ads continue to be a thing that’s part of major social media platforms, and getting rid of them requires a lot of scrutiny and resources. Spam Bots Continue to Be a Part of Social […]
Casino
January 3, 2023
Wanted Illegal Gambling Boss Arrested in the Philippines
Zhanhong is wanted in China over his alleged participation in illegal gambling operating out of Shandong province in the country. He was arrested on Monday by the Philippines Bureau of Immigration which was tipped by homologs in China. Zeng was apprehended on board one of Air China’s aircraft as he was leaving Ninoy Aquino International […]
Legal
January 2, 2023
Gambling Concessionaires in Macau to Pay New Casino Floor Fee
The taxation of gambling plays an important part in the regulation of the activity and raises invaluable revenue for local and country-wide initiatives. Currently, gambling operators in Macau pay a 35% tax on their gross gaming revenue. The operators are due to pay another 5% of their gross gaming revenue in the form of tax […]
Industry
December 29, 2022
37,000 Cases of Cross-Border Gambling Shut Down by China in 2022
Xinhua News Agency confirmed that authorities have been able to track down vast networks of illegal gambling organizations and intervene in cases that involved illegal gambling. A total of 2,600 online gambling platforms have been targeted and shut down while more than 1,100 casinos have been halted. China Posts Good Results Against Cross-Border Gambling Meanwhile, […]
Industry
December 19, 2022
Macau Casino Concessionaires Sign Contracts for the Next 10 Years
On December 16, Representatives of Galaxy Entertainment Group Ltd., MGM China Holdings Ltd., Sands China Ltd., Wynn Macau Ltd., Melco Resorts & Entertainment Ltd., and SJM Holdings Ltd. and the Macau authorities attended an official ceremony where they signed their license contracts for the next 10-year period. The official event was followed by press conferences […]
Sports
December 12, 2022
WPBSA Suspends Chinese Players Who Might Have Fixed Games
Several snooker players have been suspended for allegedly breaching the rules concerning match-fixing. In the midst of an ongoing investigation, several players, including the former Masters champion Yan Bingtao, have been suspended. Bingtao May Have Fixed Matches The World Professional Billiards and Snooker Association (WPBSA) is investigating allegations of match-fixing and, as a result, has […]
Industry
December 1, 2022
Macau GGR Continues to Decline in November
Macau’s gambling industry has failed to experience the recovery the region’s government hoped for. According to the latest data, casinos in the special administrative region had gross gaming revenue of just $374 million. FY GGR Will Be Much Lower than Estimated The $374 million Macau concessionaires earned in November represent a 55.6% year-on-year decline. Furthermore, […]
Industry
November 29, 2022
Gaming-Linked Crime in Macau Continues to Drop
Macau has recorded 257 gaming-related crimes in the period through September 30, down 48.8% year-over-year. The number is far below the 502 crimes registered in the first nine months of 2021, and it comes as the Judiciary Police of Macau is amping up its efforts to suppress crime that originates from gambling operations. Macau Continues […]
Business
November 29, 2022
Wynn Macau Adjusting to Comply with New Gaming Laws
Considering this year’s changes that Macau made to its gaming laws concerning operators, Wynn Macau has had to make some adjustments in order to be compliant with the latest regulatory updates. Capital Restructuring at Wynn Macau The Wynn Resorts Macau (WRM) unit was subjected to a capital restructuring that answered the need for an increase […]
