Good morning. Despite an ongoing pandemic, the Chinese government has held strong in its fight against what it deems as “evils” in society. Today’s infographic highlights the most significant crackdowns in China over the last decade.
What you need to know
- Two Australian law firms are preparing class-action lawsuits against Star Entertainment in relation to alleged AML/CTF inadequacies, and falling short of disclosure obligations on the ASX.
- Macau’s casinos saw a 24.1% fall in mass GGR in 3Q21 compared to the previous quarter, whilst VIP GGR fell 29.9%, according to the DICJ.
- PH Resorts, the company behind the Emerald Bay resort in Cebu has pushed back the expected completion date of its property to 1Q23.
On the radar
- PH govt reminded banks to deal only with registered igaming businesses.
- Cambodia has shortened the quarantine period for fully-vaxxed travelers.
- G2E Asia has announced it is postponing its 2021 event to August 2022.
- Zhuhai authorities from Oct 19 will scrap its 14-day quarantine requirement.
What the papers say
- Recreational facilities allowed to reopen from Tues Oct 19 in Macau
- IPI manages to avoid sanctions, incarceration, after complying with court order
AGB Intelligence
BY THE NUMB3RS
Tracking a decade of China crackdowns
Despite an ongoing pandemic, Beijing does not appear to be letting up its grip on the “evils” in society, politics, and its economy as it they see it. Today’s infographic is a simple one – we look at some of the most significant crackdowns from the Chinese government in the last decade, reaching into a wide variety of sectors. From this, we come to understand the context in which gaming-related crackdowns that have been observed in the last decade fit within its roadmap to improving the country.
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