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Business
January 2, 2024
Macau GGR Increase in 2023 to Boost Nongaming Investments
Casino operators across Macau wrapped up a successful 2023 with exceptional results achieved in December and overall good performance throughout the year when compared to 2022. The outstanding results will now push the enclave’s six casino operators, Melco, SJM, Wynn, MGM, Sands and Galaxy, to invest more money into nongaming amenities and projects. The reported […]
Legal
December 12, 2023
Australia’s ATO Slams Chinese Gambling Mogul with a $35M Bill
Tom Zhou, also known as Mr Chinatown, has been slammed with a huge tax bill in Australia. While currently serving a sentence in China, Zhou must be ready to pay millions in evaded taxes upon his release. As reported by The Herald Sun, Zhou’s Australian gambling empire has evaded millions of Australian dollars in taxes. […]
Industry
December 12, 2023
New Macau Bill Seeks to Ban iGaming and Outlaw Parallel Betting
Macau continues to crack down on illegal gambling and is planning to introduce a new ban on online gambling amid rising gambling-related crime rates. While online gambling has never been legal in the country, the current laws were introduced a long time ago and are already fairly outdated. Under a proposed new legislative bill, introduced […]
Lottery
December 6, 2023
Chinese Man Buys Thousands of Lottery Tickets, Wins $30M
Against all reason, a Chinese man put all of his eggs in the same basket, buying over 50,000 lottery tickets and entering the same numbers on all of them. Fortunately for him, his combination turned out to be a winning one, netting him millions of dollars. The player, who preferred to remain anonymous, is a […]
Business
December 6, 2023
Las Vegas Sands Corp Increases Stake in Sands China Ltd Amidst Market Downturn
Las Vegas Sands Corp (LVS) is strategically adjusting its position to boost its holdings in its Macau subsidiary, Sands China Ltd. A Hong Kong Stock Exchange filing revealed that the company’s controlling shareholder, LVS, intends to engage in a share purchase transaction with an undisclosed financial institution. Sands China hopes for enduring success in the […]
Industry
December 4, 2023
Police in Hong Kong Shuts Gambling Dens, Arrests 130 People
Despite the efforts of law enforcement, illegal gambling activities are common across China. Last month alone, law enforcement in Hong Kong busted multiple brothels and gambling dens in operations that resulted in the arrest of more than 300 people allegedly involved in those activities. The combined efforts of Hong Kong police authorities against triad operations […]
Casino
November 30, 2023
China’s CSCEC Secures $1.2B Contract for The Island Project in Dubai
China State Construction Engineering Corporation (CSCEC), based in Beijing, has clinched a significant contract worth AED4.4 billion ($1.2 billion) to construct The Island project, marking the largest deal since 2017. The Island Project Welcomes MGM, Bellagio, and Aria to Its Horizon The Island project, situated on a 10.5-hectare island off the coast of Umm Suqeim, […]
Legal
November 22, 2023
DouYu Confirms CEO Chen Was Arrested Earlier This Month
The Tencent Holdings-backed leading live-streaming platform, DouYu, announced Tuesday that it was informed about the arrest of its chief executive officer (CEO) and chairman of the board of directors, Shaojie Chen. The company was notified about the CEO’s arrest on November 20, 2023, and confirmed that he was taken into custody “on or about November […]
Business
November 15, 2023
Tencent Music Reports Q3 Decline amid China’s Crackdown on Gambling
Tencent Music, a company that develops music streaming services for the Chinese market, has reported satisfactory Q3 results despite the setbacks caused by the country’s crackdown on online gambling and certain gambling-like gamified features. As reported by Reuters, the music streaming company surpassed its initial quarterly estimates thanks to the noticeable increase in paid subscriptions. […]
Industry
November 7, 2023
DouYu Boss under Investigation in China over Gambling, Pornography
Earlier this year, the internet regulator in China, the Cyberspace Administration of China (CAC), announced an unexpected probe into one of the local operations of DouYu, the Tencent Holdings-backed leading live streaming platform. At the time, local media reports confirmed that the watchdog sought to address issues with the platform related to pornography, among other […]
