Thursday, April 25, 2019
Home Greater China

Greater China

Macau suspicious transactions drop in Q1

The number of suspicious transaction reports in Macau fell by 23.1 percent in Q1, according to figures released by the Financial Intelligence Office.

Macau stricter with junkets, but more action needed

Macau is taking a more stringent approach towards regulating its junket operators, but more action is needed to prevent money laundering, an annual U.S. report found.

Suncity gets HK$1.5b loan from company owned by chairman

Suncity Group Holdings said a company owned by its chairman Alvin Chau has agreed to lend the junket operator HK$1.5 billion ($191 million) to...

GGR to bottom out in Q2: Jefferies

The slowdown in Macau’s gross gambling revenue is expected to bottom out in Q2, with recent tax cuts and credit easing in China likely...

South Shore says no formal accord reached on gaming at The 13

South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum...

Macau industry market cap to double by 2022: MS

Analysts at Morgan Stanely expressed optimism for Macau’s gaming industry over the medium term, with expectations of a market cap doubling by end-2022, driven...

Melco board grants Ho $9.99m in shares

Melco Resorts & Entertainment said its board had agreed to grant restricted shares amounting to about 0.09 percent of the group’s share capital to...

Macau IR operators participate in green week

Macau’s casino operators spared no expense raising awareness around green initiatives during the city’s annual “Green Week”, held last week in Macau. The Green...

Police take down fake gaming chip gang

Macau’s judiciary police have cracked down a fake gaming chip case that had been on-going for more than two years, local media reports. Last...

Macau package tour visitors increase 15.3 pct in Feb

Visitors arriving to Macau on package tours increased 15.3 percent year-on-year in February, reaching 706,000. The month saw strong growth in package tour visitors...

TRENDING ARTICLES

Aristocrat establishes local Macau company

Australian gaming supplier Aristocrat has established a new limited liability company in Macau, Aristocrat Technologies Macau Limited, created in order to comply with “changes...

ASEAN Gaming Summit proves another smashing success in Manila

ASEAN Gaming Summit held its third edition of the conference in Manila on 19-21 March 2019 in Manila. The event was billed as the most...

Huis Ten Bosch agrees to sell 30 hectares to future IR operator

Nagasaki has made a major step forward in its plans to bid for an IR license by forming a trilateral agreement between the prefecture,...

Paradise City to open indoor amusement park this week

Paradise City, which is operated through a joint venture between Paradise Co. and Sega Sammy, plans to open an indoor family amusement park later...

Summit Ascent main shareholders mull share disposal

Summit Ascent Holdings, operators of Tigre De Cristal, has announced that its main shareholders, First Steamship Co Ltd, and Summit Ascent chairman Kuo Jen...