Friday, December 13, 2019
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Michael Penn

93 ARTICLES

Xi reportedly wants to help Macau become a financial center

Chinese President Xi Jinping’s visit to Macau next week will, according to a Reuters report, include a call for the territory to diversify away from the gaming industry and become a new financial hub, including the creation of a yuan-denominated stock exchange.

Lawmakers seek corruption probe of CNMI governor

The six-member CNMI House of Representatives' minority bloc asked Speaker Blas Jonathan Attao to appoint a special committee to investigate Governor Ralph Torres on allegations of public corruption, fraud, waste, and abuse of public funds, with some of the suspicions focusing on his relationship with casino operator Imperial Pacific International (IPI).

Kitakyushu to decide on IR bid stance by January

Kitakyushu Mayor Kenji Kitahashi has indicated that his city will make its basic decision on whether or not to join Japan’s IR race in January, and that discussions with the city council will be completed by the end of March.

Casino winnings taxation policy delayed until next year

Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.

AGTech deepens cooperation with Alibaba Group

AGTech Holdings has announced that its wholly-owned subsidiary, Beijing GOT Technology, has entered into an agreement with Alibaba China to provide equipment and maintenance services including POS terminals and face recognition payment equipment, which may be applied to offline retail sales as well as lottery sales.

Mark Brown resigns as IPI CEO

Commonwealth Casino Commission Executive Director Edward Deleon Guerrero has revealed that Mark Brown has resigned as CEO of Imperial Pacific International (IPI), effective December 8.

Wynn Resorts declares “Yokohama Focus”

Wynn Resorts has declared that its IR licensing efforts in Japan now have a “Yokohama Focus” and that it will soon be opening a new office in the major port city.

Sabah police bust Chinese illegal online gambling syndicate

Police in Sabah, Malaysia, have arrested 23 Chinese nationals which they say were operating an illegal online gambling syndicate out of three apartments being used as call centers.

Osaka government plans for IR tax revenue division

Osaka’s governing party has finalized its plans on how to divide IR local tax revenues in the event that the central government licenses the Yumeshima IR and its separate initiative to administratively merge Osaka prefecture and city is approved in a popular referendum expected to be held in late 2020.

Nagasaki upgrades maritime transport infrastructure to boost IR bid

Nagasaki Prefecture is moving to upgrade its maritime transportation to and from Nagasaki Airport as part of its effort to boost its IR bid.

TRENDING ARTICLES

NSW planning authorities reject Star’s $530 mln tower proposal

Star Entertainment Group’s plans for a six-star luxury hotel tower in Sydney has been rejected by the NSW Independent Planning Commission, with a three-person...

South Shore reports widened loss in six months to Sept 30

South Shore Holdings Limited, operator of Macao luxury hotel The 13, reported a 15 percent widened loss for the six months ended Sept 30,...

Yokohama casino opponents launch information website

Opponents of Yokohama’s bid for an IR license have launched a website to provide public information and to coordinate actions between various anti-casino groups.

Osaka government plans for IR tax revenue division

Osaka’s governing party has finalized its plans on how to divide IR local tax revenues in the event that the central government licenses the Yumeshima IR and its separate initiative to administratively merge Osaka prefecture and city is approved in a popular referendum expected to be held in late 2020.

MAGAZINE ISSUES

Michael Hu: Reflecting on the last 20 years of Macau gaming

Michael Hu, president Asia Pacific, Interblock 1. When did you arrive in Macau and in what capacity? I arrived in 2005, working for Interblock as a...

Ted Chan: Reflecting on the last 20 years of Macau gaming

Ted Chan, chief operating officer, Japan Development, Galaxy Entertainment 1) When did you first arrive in Macau and in what capacity? I arrived in Macau in...

High-end restaurants add star quality to Macau’s IRs

Nineteen. That’s how many Michelin-star restaurants Macau has racked up to date, firmly establishing the former Portuguese colony as a gastronomic powerhouse on the world’s culinary stage.