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.
A local union in Jeju held a public demonstration in which it pledged to work for the interests of casino workers who have been badly affected by the coronavirus pandemic and related crisis for the tourism industry.
Resorts World Las Vegas is expected to generate revenue of $350 million in 2022 and EBITDA of $82 million in its first full year after opening this summer, according to Nomura Research.
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
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.
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.
