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HomeNewsDaily Asia Gaming eBrief: Horse racing in Macau effectively dead, "end of...

Daily Asia Gaming eBrief: Horse racing in Macau effectively dead, “end of an age”

Good Morning. Macau has lost one of its gambling streams, as horse racing in the SAR has officially come to an abrupt end. The city’s concessionaire says it has been operating at a continual loss, signaling for the government to end its lucrative concession, with its land now in government hands, but not for gambling purposes. Meanwhile, the United Nations has found that crypto, casinos and junkets are fomenting underground crime in SE Asia. Furthermore, in Macau baccarat is on the rise again, as players increase wagers.

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AGB Intelligence

MACAU

Macau Jockey Club

Macau Jockey Club shutters, end of an age

Despite running races since the 1600s, Macau’s iconic horse racing track is going to close, after the company behind it urged the government to relinquish its concession, in the first-of-its-kind loss of a highly coveted betting license. The move comes after over a decade of downturn, but begs the question as to why the concession was completely eliminated and not transferred to a third party.


Corporate Spotlight

1xBet sums up 2023: Innovations, awards, partners and winnings

1xBet, 2023, innovation, awards, partnerships

1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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