Wednesday, July 24, 2024

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CDNetworks unveils China Premium Service solution for iGaming industry success

CDNetworks, the APAC-leading network to deliver edge as a service, is excited to announce the launch of its China Premium Service (CPS), a reliable and secure solution designed to help organisations deliver fast and seamless connectivity to users located in mainland China.

Growth of China’s lottery industry ‘remarkable’: China Ecotourism

China Ecotourism Group Limited has labeled the growth of China's lottery industry as 'remarkable' in recent years, as it secured new sports lottery terminal procurement bids for Shaanxi, Inner Mongolia, and Henan.

China cracks down on illicit money exchanges, 1,924 changers seized in Macau

Macau’s Judiciary Police seized 1,924 money changers between January and May this year, who face bans from entering Macau.

Philippines and China reaffirm commitment for cooperation in illegal POGO crackdown

The Philippines and China have reaffirmed their commitment to combat crimes related to Philippine Offshore Gaming Operators (POGOs).

China’s economic slowdown creates turbulence for Macau’s non-gaming sector

Although some research shows that the willingness of Chinese tourists to spend in Macau remains high, recent market changes signal a potential decline in consumption.

China raises duty-free limit for visitors to Macau and Hong Kong starting in July 

Beginning July 1st, Chinese visitors will be allowed up to $2,000 in duty-free shopping in Hong Kong and Macau, nearly doubling the current limit. This move aims to support the cities' recovery from the impact of the pandemic.

China plans to increase duty-free limit for visitors to Hong Kong: Report

Chinese tourists are set to benefit from expanded duty-free shopping privileges in Hong Kong as Beijing plans to increase the current purchasing limit by up to sixfold, according to a report from Hong Kong media outlet Ming Pao.

MGM China lists $500 million in senior notes

Macau gaming operator MGM China listed $500 million of 7.125 percent senior notes due 2031 on Thursday, June 27th.

Promising outlook for Macau gaming and SJM amid China concerns: CBRE

Despite concerns of China's macroeconomic outlook, CBRE Research has expressed optimism about the prospects for Macau's gaming market and SJM Holdings.

MGM China to issue $500M in new debt financing: Moody’s

MGM China, a majority-owned subsidiary of MGM Resorts International, will issue $500 million in new senior unsecured notes, rating agency Moody's Ratings stated.