Friday, September 24, 2021

Yatai presses on with Myanmar casino city, seeks staff

Hong Kong-registered Yatai International Holdings is pressing ahead with a controversial multi-billion dollar casino city in Myanmar and is seeking to hire staff despite Covid restrictions. 
Navigating Korea’s online maze

Delta variant brings continued woes to Asian gaming jurisdictions

Gaming jurisdictions in Asia are continuing to see setbacks amongst new outbreaks and lockdown measures being imposed by governments.
Beijing flag

China soft power packs punch in online gambling crackdown

China’s crackdown on online cross border gambling is showing no signs of easing, with Beijing’s increasing deployment of soft power across Asia reducing safe havens for operators. 

Mekong special economic zones harbour illegal gambling: report

Many of the special economic zones that have been set up in the Mekong region to spur foreign investment and boost economies are also home to a range of illicit activities including illegal gambling and drug trafficking, according to a U.S. report.
Chinese Passport

Authorities targeting Chinese nationals in Myanmar

Chinese authorities are continuing their crackdown on cross-border crimes, this time against Chinese nationals in northern Myanmar involved in telecommunications fraud.
China flag

China anti-gambling drive to have long-term IR impact in Asia

China’s ongoing crackdown on casinos and junkets targeting its nationals may have long-term implications for the industry in Asia and force changes in the business models of many of the region’s integrated resorts.

Karen Border Force withdraws resignations related to Shwe Kokko

The Myanmar military-backed Karen State Border Guard Force says it has “withdrawn” its numerous resignations over the weekend, following the military’s request for a rethink. The issue is related to the Shwe Kokko new city development, which includes casinos.

Military resignations impact Shwe Kokko project in Myanmar

The leadership of the Myanmar military-backed Karen State Border Guard Force has resigned en masse to protest the resignation of their leader Colonel Saw Chit Thu, who had been under pressure over the China-backed Shwe Kokko new city project, including casinos.
dongmei ribbon cutting

Backer of Myanmar casino city sanctioned by U.S.

The U.S. Treasury Department has sanctioned one of the key investors in a Myanmar project that includes casinos, accusing him of bribery and corruption.

U.S. sanctions “broken tooth” Koi

The U.S. Treasury Department has officially sanctioned Wan Kuok Koi, also commonly known as “Broken Tooth,” and his Hong Kong-based company Dongbei Group for corruption and bribery. The U.S. says Broken Tooth is the leader of the 14k Triad Group and his company is behind a major investment project in Myanmar involving casinos.