It’s 9 a.m. and the Crown casino in the Cambodian border town of Bavet is booming. Hordes of Vietnamese gamblers cram themselves around card games drinking coffee and chewing on cigarette ends.

While some may have caught some sleep since the night’s session, for others, the 24-hour opening cycle has kept the chips and cards rolling all night.

On the surface this wild-west town 160km from Phnom Penh appears to be thriving and the numbers of Vietnamese strong. 

Gaming operators looking for an easy way to set up a casino and cash-in on the thousands of Vietnamese eager for a flutter, could see its luck change as Cambodia introduces new gaming legislation.



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Will the new supply coming to the Cotai resort district set Macau back on the road to growth and if it does will operators be allocated enough tables to make the new multi-billion dollar resorts profitable?

They are billion-dollar questions with no ready answer as operators and investors adjust to an adverse political climate in China and the chilly “new normal” this has imposed on the world’s largest casino market.

Will the new supply coming to the Cotai resort district set Macau back on the road to growth and if it does will operators be allocated enough tables to make the new multi-billion dollar resorts profitable? They are billion-dollar questions with no ready answer as operators and investors adjust to an adverse political climate in China and the chilly “new normal” this has imposed on the world’s largest casino market.



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One of the directors of Australian casino operator The Star Entertainment Group is setting up a new company designed to help promote women to leadership roles in the casino and gaming industry.

Dynam Japan Holdings posted a decline in profit for the year ended March 31, 2017, according to a filing from the company to the Hong Kong Stock Exchange.

Silver Heritage chairman David Green says the company is close to completing negotiations which would bridge the financing gap for its Nepal-located Tiger Palace resort.

Casino operator MGM China Holdings has confirmed a final dividend of HK$0.160 (US$0.02) per share for the year ended December 31, 2016 following an annual general meeting held on May 24, 2017.

While the Philippine Economic Zone Authority (PEZA) last month made the decision to bar online gaming firms from leasing space in its accredited sites, an exception will be made for Pagcor licensees, according to a source close to the matter.

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say.

 

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say. Operators in the major gaming jurisdictions in the region are already facing increased regulation, with Macau introducing new rules in 2016 and the Philippines taking steps to bring the gaming industry under AML legislation for the first time.



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The UK’s gambling regulator has turned up the heat on casinos where money laundering is concerned, requiring rigorous background checks on wealthy international clients, including those from Mainland China, which is having an a detrimental effect on VIP business.

 

 

The UK’s gambling regulator has turned up the heat on casinos where money laundering is concerned, requiring rigorous background checks on wealthy international clients, including those from Mainland China, which is having an a detrimental effect on VIP business. Some upmarket operators are warning some high rollers are choosing to go elsewhere.



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China appears to be ratcheting up its campaign against corruption once again ahead of the Chinese Communist Party Congress later this year, a leading risk consultancy firm has warned.

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