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Casino
February 6, 2025
Xi Jinping Praises Thailand for Its Measures to Combat Gambling Scams
In a meeting marking the 50th anniversary of the establishment of diplomatic relations between China and Thailand, Xi Jinping and Paetongtarn Shinawatra agreed to crack down on gambling scams and fraud. Xi and Paetongtarn Discuss Gambling Scams Issues Chinese President Xi Jinping recently met with Thai Prime Minister Paetongtarn Shinawatra who visited Beijing. A part […]
Blockchain
January 30, 2025
BKEX Staff Sentenced over Illegal Crypto Contracts Gambling
At a time when Polymarket and Kalshi have found respite in the United States, with regulators likely to ease up the pressure, China is tightening the screws on crypto contracts. The latest case comes from The People’s Court of Pingjiang County, Hunan Province, where the judge presiding over the case against BKEX, a crypto contract […]
Sports
January 29, 2025
FIFA Sides with Athlete, Disregards Chinese Match-Fixing Ban
South Korean athlete Son Jun-ho is free to play professional soccer around the world outside China after FIFA refused to extend a lifetime ban imposed by the Chinese Football Association (CFA) over match-fixing allegations. The Korea Football Association (KFA) announced the decision on Friday, confirming FIFA’s stance, which significantly lessens the CFA’s punishment of Son. […]
Casino
January 29, 2025
Macau Braces for Record Casino Revenues During Chinese New Year Festivities
Macau is getting ready for a huge wave of tourists as the Chinese New Year holiday starts on January 29 ushering in the Year of the Snake. The eight-day break is crucial for the city’s gambling and hotel sectors, with experts predicting all-time high visitor numbers and robust growth in earnings. Macau’s Luxury Hotels Experience […]
Industry
January 27, 2025
Detained Gambling Tycoon Zhijiang Claims Thai Jail Abuse
A gambling tycoon imprisoned in Thailand and facing extradition to China has reportedly endured “inhumane treatment,” according to his lawyers, who fear for his safety after he claimed to have been a Chinese spy. “Particularly Inhumane” Treatment Described by Lawyers She Zhijiang, a China-born businessman with Cambodian citizenship, has been detained in Bangkok since 2022 […]
Casino
January 21, 2025
China Sentences Man to Six Years for Organizing Illegal Gambling in Macau
China’s Supreme People’s Court has handed down a six-year sentence to a man who has been suspected and subsequently convicted of running an organized criminal enterprise in Macau. The criminal group would see people from mainland China visit the Special Administrative Region for the purposes of gambling at unlicensed venues and under the radar. Large-Scale […]
Industry
January 16, 2025
Analysts Predict Limited Market Shifts in Macau Despite Gaming Revenue Surge
The Macau gaming market posted its strongest quarterly performance in a long time, with gaming revenue in Q4 2024 reaching a 20-quarter high. However, JP Morgan analysts note that such positive financials may not be enough to offset investor skepticism and reignite interest in concessionaire stocks. However, the uptick in revenue should be welcome news […]
Sports
January 14, 2025
Hong Kong Soccer Boss Mulls Legalizing Betting on Local Games
In an interview for the South China Morning Post, the Chairman of the Football Association of Hong Kong, China, Eric Fok has said that the special administrative region (SAR) can benefit from rolling out an expanded regulated gambling framework that will allow residents and visitors to place a bet on the outcome of local soccer […]
Legal
January 9, 2025
Chinese Actor Saved from Scam Center in Myanmar
Wang Xing, a Chinese actor better known as Xingxing, has narrowly escaped a future in a fraud factory after falling for an insidious scam. The man returned with a shaven head and provided insight into how dangerous such scams can be, even to celebrities. Xingxing Was Forced into a Call Center Xingxing who is best-known […]
Industry
December 12, 2024
Macau Gaming Tax Revenue Soars as Recovery Accelerates
Macau’s gaming sector remains in full swing as November’s government gaming tax revenue hit MOP$8.0 billion ($999 million), up 6.4% year-on-year and up 20.3% compared to October, according to the latest figures from the Macau Financial Services Bureau (DSF). These figures underline the region’s ongoing resurgence following pandemic-induced setbacks. Key Metrics Recorded Significant Increases Gross […]