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Casino
June 9, 2021
MGM Resorts-backed Venture to Launch the MGM Name in China
The Diaoyutai State Guesthouse in China has played host to foreign dignitaries like Vladimir Putin, Kim Jong-un, Theresa May, Richard Nixon and others since it opened in the 1950s. It is also the former home of China’s Cultural Revolution, which lasted from 1966 to 1976. While that cultural revolution had a completely different goal in […]
Casino
June 8, 2021
Macau Might Test the Entire City for COVID-19 as Outbreaks in China Appear
Macau had started down a path of recovery following the COVID-19 debacle and seemed to be ready to beat expectations. However, there have been pockets of outbreaks of the coronavirus in mainland China that are now threatening that recovery. Now, in order to prevent the city from falling victim once again to a major shutdown, […]
Industry
May 31, 2021
Macau under Threat as Spike in COVID-19 Cases Seen in China
There was a time when it seemed like COVID-19 was almost completely eradicated in most countries, but the pockets of outbreaks show that there is still more work to be done. Macau was hit hard by the pandemic, with the gambling city turning into a ghost town as borders and casinos were forced to be […]
Casino
May 18, 2021
Macau Legislators Want to Put Casino Operators Under the Microscope
Next year is a crucial year for Macau’s gaming industry as the city, a Special Administrative Region (SAR) under China’s control, is going to have to issue new gaming licenses to its six casino operators. The future of Las Vegas Sands, Wynn Resorts and others in Asia could depend greatly on how the new licenses […]
Legal
May 14, 2021
Chinese Crypto Trader Stands Trial in Online Gambling, AML Case
A prominent crypto trader stands trial in China as the country is prosecuting the “Paofen platform” crew which allegedly laundered over $7 billion. Trial against Paofen Platform Crew Begins China has been determined to crack down on illegal gambling and has pursued various means to do so, from massive raids on its territory to projecting soft power […]
Casino
April 27, 2021
Macau Casinos Expected to See Significant Response for Upcoming Holiday
For virtually all of 2020, casino operators in Macau could only stare at empty or near-empty gaming floors as the COVID-19 pandemic locked the city down. Stress and anxiety were the terms du jour for months on end as it seemed like the situation would never improve. Macau ended the year with almost no positive […]
Blockchain
April 19, 2021
Willy Woo Says Power Outage in China Tanked Bitcoin’s Value
Willy Woo has presented arguments to support the argument that a power outage in Xinjiang, China, is related to the weekend Bitcoin price crash. Power Outage in Xinjiang Potentially Linked to BTC Crash On-chain analyst Willy Woo has pegged the recent Bitcoin crash to power outages in Xinjiang, China, the province that accounts for close to one-quarter of the […]
Industry
April 15, 2021
Macau Could Be Positioning Itself Closer to Use of China’s Digital Currency
Several months ago, a disturbing report surfaced that indicated that Macau might be considering adopting China’s new digital currency, the digital yuan, as the primary currency at the city’s casinos. The rumors were initially refuted by city leaders; however, the revelation had been made by sources involved with the initiative. Now, there’s no denying the […]
Legal
April 12, 2021
China Apprehended 110,000 Suspects of Cross-Border Gambling
The Chinese government continues to ramp up its efforts to curb illegal cross-border gambling with 110,000 apprehended suspects so far. China Has Investigate More Than 17,000 Cross-Border Gambling Cases On Tuesday, the state-owned news agency Xinhua disclosed a report by the Chinese Ministry of Public Security, which stated that the Chinese police investigated more than […]
Casino
April 1, 2021
Macau March GGR Report Showed No Signs of Industry Recovery
The Gaming Inspection and Coordination Bureau in the Special Administrative Region (SAR) of China Macau released revenue figures from games of fortune for March, posting gross gaming revenue (GGR) of MOP8.31 billion ($1.04 billion). Far from Pre-Closure Levels March GGR represented an increase of 13.6% to the MOP7.31 billion the gaming industry in Macau generated […]