Friday, May 17, 2024

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China tightens controls on capital outflows amid market rout

Chinese authorities are intensifying restrictions on capital outflows, limiting access to funds investing in offshore securities.

Under the Scope: Chinese outflows – how do punters move their money?

How do punters get their money out of China? With strict capital outflow measures in place, Chinese punters aiming to spend large amounts overseas face a quandary but aren’t limited to illegal options when it comes to how to transfer their funds. Gaming veteran Ben Lee points out some avenues that players use to get that money from here to there.

Flows signs Lion Gaming to its Platform

Flows, the industry’s no-code innovation platform, signs with premium casino and sportsbook provider Lion Gaming as its latest client.

Flows signs with Betroyale and Kabukicasino via Quantum Gaming partnership

Flows, the top no-code automation solution, seals deals with leading operators Betroyale and Kabukicasino through Quantum Gaming.

Flows signs partnership agreement with Pragmatic Solutions

Flows have signed a partnership agreement with leading platform supplier, Pragmatic Solutions for the provision of its no-code innovation platform.
00:17:01

Bright future seen for Vietnam’s VIP clubs as investment flows rise

Vietnam is expected to be a key beneficiary of manufacturing migration out of China, which will bring with it expatriates looking for entertainment. In this week's Face-to-Face interview, Tim Shepherd, director of Fortuna Investments, outlines the potential drivers for the country's VIP clubs and why they are poised for a bright future.
01:25:37

Junket demise may spark capital flows to move online [video]

Macau’s junket model is likely dead and the city faces a painful period of economic transition, although the vast amounts of capital that flowed out of China for gambling is still likely to find an exit and online is expected to be the key beneficiary. 

Visa expansions and economic integration propel Macau’s gaming industry: analyst 

The recent visa expansions and economic integration initiatives between Macau and mainland China suggest a significant boost for Macau's gaming industry, notes analyst Vitaly Umansky.

Tiger Resort makes initial $5.2M payment for Emerald Bay rescue

PH Resorts Group has obtained an initial "non-refundable" payment of PHP300.1 million ($5.2 million) from Tiger Resort as it moves to relinquish majority ownership of Cebu-based Emerald Bay.

Macau’s economy to grow 15%, driven by continued recovery: Fitch

The ratings agency Fitch forecasts Macau's growth will remain strong at about 15 percent in 2024, supported by the assumption of further recovery in gaming tourism this year.