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Legal
September 29, 2022
Defendant Admits He Helped Suncity Customers Open Online Gambling Accounts
The court proceedings against a group of former Suncity Group employees continue with full force after Chinese authorities cracked down on the junket operator uncovering illegal gambling activities, side-betting operations, fraud, and other violations. Another Defendant Accused of Manipulation of Funds Was Heard by the Court In the course of the hearings, which have been […]
Business
September 29, 2022
SJM Resorts Selects Daisy Ho for Managing Director
SJM Holdings Limited’s subsidiary, SJM Resorts, announced a new senior leadership appointment. Daisy Ho Is SJM Resorts’ New Managing Director The company revealed on Wednesday that its Board of Directors appointed Ms. Daisy Ho Chiu Fung as managing director. The recent appointment complements Daisy Ho’s other key positions with SJM. Back in March 2019, she was elected […]
Casino
September 26, 2022
Macau Casino Stocks Surge After Macau Announces It Will Relax COVID Measures
Macau casino shares experienced a positive boost after the chief executive of Macau, Ho Lat-Seng, announced that Macau is going to accept tourist groups from mainland China again starting in November. Macau Casino Stocks Surge as COVID Travel Restrictions Are Relaxed Bloomberg reported that its Intelligence gauge tracking Macau’s six casino operators that have casino […]
Casino
September 23, 2022
Junket Agent Reveals He Ran Side-Betting System at Suncity VIP Room
The trial involving Macau’s junket operator Suncity continues with new revelations on side-betting practices. Cheong Chi Kin, who was close to former Suncity Group CEO Alvin Chau, has admitted to setting up a system for side-betting transactions. 21 Defendants, Including Alvin Chau, Are Answering Before the Macau Court 21 defendants along with Suncity Group founder […]
Casino
September 22, 2022
MGM Confident It Will Get New Casino License in Macau
MGM Resorts International, which has held a Macau casino license for the past 20 years, is confident it will acquire a license again in the new tender for casino concessions, which will be valid for the next 10 years. The Macao SAR Government announced the new tender at the end of July. MGM Is Among […]
Casino
September 19, 2022
Chau Knew of Multiplier Bet Schemes but Did not Participate
The first day of the trial against Alvin Chau at Macau’s Court of First Instance saw the former boss and founder of the Suncity Group deny any allegations of participating in multiplier bet schemes at casinos in Macau. Iceberg-Type Scheme to Hide GGR, Avoid Tax The trial against Chau and 20 other people was initially […]
Industry
September 14, 2022
Seven Companies Fight for Macau’s Limited Casino Licenses
At the end of July, the Macao SAR Government announced a new public tender round for casino concessions for the next 10-year period. According to their newly implemented guidelines, operators will be able to compete for six licenses of up to ten years. The application period ended on 14 September with seven potential applicants, meaning […]
Casino
September 13, 2022
Wynn Macau Submits License Re-tendering Bid
Wynn Macau, Wynn Resorts’ Chinese arm, announced that it has submitted its application for a new gaming concession. This makes the company the first among the six concessionaires to confirm joining the concession race. Wynn Macau Submits Concession Bid Wynn Macau’s submitted its tender for a new 10-year concession under the name Wynn Resorts (Macau). […]
Casino
September 12, 2022
Macau Workforce Stats Reveals Fewer Gambling Industry Workers in Q2
Macau’s Statistics and Census Service has noted that the gaming force in Macau has remained fairly unchanged despite a decline in the number of people employed in the sector. The full-time employees in the gaming industry as of the second quarter of the year were down 2,176 to 53,592. The dealers numbered 24,093 down 550 […]
Industry
September 6, 2022
Macau Continues to Fall Behind as Casino Suppliers Relocate
China’s Covid Zero policy continues to hamper Macau’s post-pandemic recovery. The special administrative region’s gambling market continues to show subpar financial results, and experts are not optimistic about its prospects. This uncertainty has prompted several key casino suppliers to jump ship and relocate to Singapore and the Philippines, where operators have recorded substantially better growth. […]
