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Casino
May 19, 2022
Chinese Official Hits Back at DoJ Case against Steve Wynn
The news that the US Department of Justice (DoJ) is opening a civil lawsuit against casino mogul Steve Wynn to make him register as a foreign agent of China has prompted a response from Chinese officials who were once again critical of the US “witch hunt.” The accusations, Chinese Foreign Ministry senior official Wang Wenbin […]
Casino
May 18, 2022
Credit Suisse Says China’s Visa Restrictions Hurt Macau GGR
China is intent on restricting the outflow of people from the mainland to gambling destinations such as Macau. A new set of visa restrictions has kicked in and analysts aren’t too happy with the results. According to Credit Suisse, the overreaching Chinese government may lead to a 20% reduction in gross gambling revenue for the […]
Industry
May 17, 2022
Wynn and MGM China Found Jointly Liable in Nine VIP Room Cases
The Court of Final Appeal in Macau has decided that MGM China and Wynn Macau share liability in nine cases related to lost deposits at VIP rooms. The nine cases were recorded at Dore Entertainment Co LTD’s VIP room and the former VIP room belonging to Sun City Gaming Promotions Co LTD located at an […]
Industry
May 17, 2022
Law Will Allow Macau to Alter Casino GGR Requirements
Macau’s gaming laws have been the main topic of discussion in the recent period and now, it has been revealed that the government of this special administrative region will have the power to alter the minimum required GGR that concessionaires need to reach based on economic conditions. Macau’s Gaming Law is Facing Several Amendments Apart […]
Legal
May 17, 2022
Two Men Offered Wynn Macau Director Bribes, Face Charges
Two men were charged with offering bribes for HK$1.5 million ($190,000) by the Independent Commission Against Corruption (ICAC) in Hong Kong, China. The men allegedly offered to bribe a former Wynn Macau director for air-conditioning maintenance contracts. Two Men Face Criminal Charges, Offered to Bribe Wynn Macau Director The ICAC launched an investigation after it […]
Legal
May 16, 2022
Macau Considers Tax Breaks for Concessionaires Who Bring Foreign Gamblers
Macau’s Legislative Assembly Second Standing Committee has discussed the possibility of reducing tax rates for concessionaires who attract foreign players on their grounds. This comes shortly after the government of this special administrative region introduced stricter rules for the gambling industry at the start of April. Visitors Have a Hard Time Going to Macau During […]
Casino
May 13, 2022
China Strengthens Anti-gambling Measures with Selective Travel Restrictions
Gamblers in China were dealt yet another blow by COVID-19-related government measures. Along with restricting all outbound travel, the Chinese National Immigration Administration (NIA) requests the same stringent rules apply to all “gambling-related persons”. The cited reasons all revolve around the new severe waves of COVID-19 cases in Beijing and Shanghai. A few policies about […]
Industry
May 12, 2022
Suncity Group Starts Unwinding Subsidiaries to Lenders
Troubled junket operator Suncity Group filed with the Hong Kong Stock Exchange (HKSE) Tuesday to inform the exchange that the company had reached an agreement to sell Goal Explore Investment Limited and Boshing Investments Limited Selling Indebted Businesses for Nominal Value Suncity Group, which recently had its junket license suspended by the Philippine Amusement and […]
Casino
May 10, 2022
China: 42,000 Illegal Cross-Border Gambling Cases Between 2020-2022
In spite of continuing its intense efforts to clamp down on illegal gambling in the country while affiliating with other Asian countries to put an end to cross-border gaming, China still catches tens of thousands of individuals under the radar each year. At the end of March, the Chinese authorities announced they discovered an outlawed […]
Industry
March 29, 2022
China Busts $1.6B Illegal Gambling Wring, Arrests 14 People
China has a monopoly on gambling in the sense there is no gambling allowed in bar lotteries and the occasional trip across the border with Macau. However, China’s lack of established gambling laws doesn’t mean that there is a lack of control, and even if some organizations manage to stay under the radar for a […]
