Tag / China

Jack Lam alleged to owe almost $279 million to Philippines government

In the Philippines, the Philippines Amusement And Gaming Corporation regulator has reportedly disclosed that controversial Chinese businessman Jack Lam owes the state around $278.3 million in unpaid licensing fees. According to a report from Asia Gaming Brief, 55-year-old Lam, whose given name is Lam Yin Lok, saw 1,316 of his workers arrested in November in […]

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Macau accelerates locals-first casino hiring deadline

In Macau, the government has reportedly pushed forward by almost three years the deadline to its requirement that at least 85% of all middle and upper-level casino management positions be filled by local residents. According to a report from local television and radio broadcaster Teledifusao De Macau, the locals-first strategy was first announced in September […]

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Myanmar shadow-state reportedly loses casino patrons from China

The remote Wa State in Myanmar, which shares 82 miles (133 km) of frontier with China, once offered Chinese VIPs an out of the way place to gamble large, and still may. Chinese news outlet Globaltimes, reports that casinos where the rich used to enjoy perks and privileges are now populated by less affluent locals, […]

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Western Union to pay $586 million federal penalty

In the United States, global financial services firm Western Union has reportedly agreed to pay a fine of $586 million after admitting that it violated federal anti-money laundering laws by allowing its agents to send cash to criminals including those involved in illicit online gambling operations in Costa Rica. According to a report from The […]

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Success Universe Group Limited warns of three-fold annual deficit

Sports lottery and land-based casino operator Success Universe Group Limited has issued a profit warning to investors advising that its consolidated loss for 2016 could have increased by as much as three-fold year-on-year due to the disappointing performance of its businesses. The Hong Kong-based firm ended 2015 with a deficit of $1.5 million with its […]

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Las Vegas Sands Corporation agrees to $6.96 million federal fine

American casino giant Las Vegas Sands Corporation has reportedly agreed to pay a criminal penalty of $6.96 million in order to end the long-running probe by the United States Department Of Justice into whether it violated a federal anti-bribery law by making payments to a consultant in order to help it do business in China […]

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Philippines begins deporting Jack Lam workers

In the Philippines, authorities have reportedly begun deporting more than 1,000 Chinese nationals that were allegedly found to have been working at an illegal online gaming hub owned by businessman Jack Lam. According to a report from The Philippine Daily Inquirer newspaper, the island nation’s Bureau Of Immigration sent the first group of detained workers […]

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2016 provides record number of visitors to Macau

The Macau Government Tourism Office held an annual press conference this week, which resulted in statistics provided, including the fact that 2016 was a record year for tourists to the area. For 2016, Macau saw a total of 30.95 million visitors, which is an increase of .8% when compared to 2015. Director Maria Helena de […]

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Delta Corporation Limited receives Sikkim casino license

After months of delays, Indian casino operator Delta Corporation Limited has finally received a provisional license to operate a casino in the small north-eastern state of Sikkim and now intends to open its Casino Deltin Denzong facility inside Gangtok‘s Denzong Regency Hotel featuring some 150 gaming positions before the end of the month. Mumbai-listed Delta Corporation Limited already operates the […]

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New survey sheds light on Macau gambling market

A new survey has indicated that gambling remains the main reason most mainland Chinese tourists visit Macau although non-gaming activities are increasingly becoming an important draw factor. According to the proprietary survey of 1,900 visitors conducted by research and brokerage firm Bernstein Research, 50% of tourists to Macau from mainland China travelled alongside a spouse […]

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Sheldon Adelson dismisses libel lawsuit against newspaper reporter

Billionaire casino magnate Sheldon Adelson has reportedly settled a libel lawsuit he had brought against a reporter from The Wall Street Journal newspaper regarding a 2012 article in which he was described as “foul-mouthed”. According to a report from The Wall Street Journal, both sides agreed to dismiss the suit brought in 2013 on Thursday […]

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New Silkroad Culturaltainment Limited re-brands Jeju Island casino

After completing a series of deals that saw it gain control of 72% of the casino inside the Jeju KAL Hotel in South Korea, Chinese real estate developer and operator New Silkroad Culturaltainment Limited has announced that the enterprise has been re-branded as the MegaLuck Casino under the control of its new MegaLuck Company Limited […]

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Gaming expert recommends Macau lower casino tax rates

In Macau, a local gaming expert has reportedly recommended that the government should consider lowering the tax rate on VIP gaming revenues in order to ensure that the city’s casino industry remains competitive with Asian rivals such as Singapore. According to a report from GGRAsia, the advice came from Wang Changbin from the Gaming Teaching […]

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Jeju Shinhwa World purchase sends Chinese firm further into the red

After finalizing a deal earlier this month to take full control of the under-construction Jeju Shinhwa World integrated casino resort in South Korea, Chinese real estate developer Landing International Development Limited has reportedly announced that it expects to report a widened annual net loss for 2016. According to a report from GGRAsia, Hong Kong-listed Landing […]

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Macau casino workers demonstrate for pay increases

In Macau, about 200 casino workers reportedly held a demonstration on Monday calling for a 5% pay rise and legislation that would allow trade unions to call strikes and better represent their members. According to a report from GGRAsia, the rally was organized by Professionals For Gaming Of New Macau in an attempt to force […]

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Malaysian firm announces plan to build world’s largest cruise ship casino

In Malaysia, a firm named Podiumspot Capital Group has reportedly announced plans to build the world’s largest floating casino as part of a new cruise ship set to be christened the Crusino. According to a report from The Sun Daily newspaper, the new vessel is to measure just short of 968 feet in length with […]

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