500 .com Limited, now describing itself as “a cryptocurrency mining enterprise in China,” has announced that it has completed its acquisition of bitcoin mining machines originally announced on January 11. The bitcoin mining machines acquired in this transaction (the “Bitcoin Mining Machines”) include such models as the S17, T17, M20s, and S9.
Hong Kong-listed Kingston Financial Group has confirmed a 89 percent decline in profit for the year ended March 31, 2021, due primarily to a decrease in revenue.
Macau has backpedalled on a previously announced plan to open up to quarantine-free visitation from Hong Kong. Authorities reiterated that casino employees could not be forced to get vaccinated.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.