Saturday, October 19, 2019

Lippo/Caesars consortium buys land for Korea casino

A consortium made up of the Lippo group and Caesars Entertainment said they have agreed to buy plots of land in Incheon, South Korea...

Macau tells junkets to step up scrutiny of agents

Macau regulators are strictly enforcing a rule requiring junket operators to ensure that their agents do not have criminal records, according to media reports. The...

Debt owed to junkets may be close to $13b

The amount of debt owed to Macau’s junket operators may now be as much as HK100 billion ($12.9 billion), Reuters reported, citing an unnamed...

Macau junket model “near broken,” Standard Chartered says

The Macau VIP/junket model that helped fuel growth in the world’s biggest gambling hub now appears to be “near broken,” with no near-term respite...

Junket operators sell Macau flats

Junket operators have begun selling their properties in Macau amidst the slump in VIP revenue, local media reports. The VIP promoters are mostly selling expensive,...

Summit Ascent reaches accord with Macau junket

Summit Ascent, the developer of a gaming property in Vladivostok that will target VIPs from northern China, has signed a deal with one of...

Macau junket operators quit under pressure from Beijing

In another sign of the impact of China’s anti-corruption drive on Macau's casino business, junket operators are quitting the business or moving to other...

Call to extend Macau casino smoking ban

The Macau Gaming Enterprises' Staff Association is urging the government to enforce a smoking ban inside all private gaming rooms in casinos. This comes...

Analysts bearish on Genting Singapore

Genting Singapore is in analysts’ and investors’ bad books after its shares slipped 11 percent in just a month following its release of sluggish...

China crackdown boosts Manila, Las Vegas

Casinos around Asia and in the United States are benefiting from Beijing’s crackdown on corruption and extravagance by attracting Chinese high rollers with a...

TRENDING ARTICLES

8,000 employee POGO firm back in business

Recently shuttered POGO operator Great Empire Gaming and Amusement Corp (GEGAC) is back in business after pledging to settle its P1.3 billion tax arrears...

GentingBet to host Red Tiger games

GentingBet, the online unit of Genting UK, has agreed to add casino slot games from Red Tiger Gaming to its online platform to expand its content offering. 

POGO employing 8,000 shutdown for tax

A Philippine Offshore Gaming Operator (POGO), said to be the second-largest in the country, has been shut down for failing to pay the correct taxes.

Online gambling ring busted in HCMC

Authorities have busted a $130 million gambling ring in Ho Chi Minh City, arresting 11 individuals, local media reports. Nearly 100 police officers from the ...
DICJ briefing

DICJ explains casino entry ban to Sands staff

The Macau Gaming Inspection and Coordination Bureau (DICJ) held an explanatory session for Sands China staff on the entry ban for casino workers.