The Gaming Inspection and Coordination Bureau has issued a warning to the city’s six gaming concessionaires, stressing the need to adhere to local and foreign laws on gambling.
The message was relayed during a meeting on Tuesday with the DICJ and representatives of Macau’s junkets and gaming concessionaires – only days after junket and IR operator Suncity Group was reported by a Chinese-state owned news outlet for offering illegal online gambling and proxy betting to Chinese nationals.
Suncity has since denied the allegations, saying it neither owns gambling tables or operates any online gambling activities.
Despite this, DICJ director Paulo Martins Chan has reminded participants at the meeting that the local government does not allow any promotion of online gambling and placing bets via telephone.
Chan has also urged the casino concessionaires and sub-concessionaires to strictly supervise junket promoters to ensure these rules are not breached.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Mohegan Gaming & Entertainment has announced its operating results for its fourth fiscal quarter ended September 30, 2020. Net revenues were US$294 million, a 29 percent decrease; income from operations was US$50.2 million, a 220 percent increase; and adjusted EBITDA was US$82.8 million, a 7.4 percent decrease.
Bangkok police arrested 94 people during a raid to stop illegal gambling in a casino that was operated by 27 people, 13 of whom were foreign nationals. Senior police face inquiry on allegations of negligence.
Russia’s parliament has passed a new bill redistributing control over the online betting market, creating a unified gambling regulator to track bets and allocations to sporting leagues and significantly increasing costs to the industry.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.