Tag2Q22

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LATEST NEWS

The Star Queensland leveled with $67.98mln fine, deferred suspension of casino licenses

The government of the Australian state of Queensland has taken disciplinary action against The Star including an AU$100 million fine ($67.98 million), a deferred suspension of its Treasury Brisbane and Star Gold Coast’s casino licenses for 90 days, and the appointment of an independent manager to oversee The Star’s Queensland operations.

Macau expects 80% of the population to get COVID as it moves to open up

Macau’s government is expecting up to 80 percent of the population to get COVID, as it completely reverses its zero-COVID policy, in line with new announcements by mainland China.

SkyCity Adelaide had 59 instances of high money laundering risk customers: AUSTRAC

SkyCity Entertainment could face fines of up to AU$60 million, as a result of the civil proceedings launched against SkyCity Adelaide by Australia’s financial crimes watchdog.

Macau satellite casino operators looking to sell properties among uncertainty of closure

Hotels in Macau which house satellite casinos are conducting evaluations on their properties in possible preparation for sale, as they’re unsure whether the casinos will continue to operate after the new gaming concessions come into effect.

Osaka governor says IR Project is “perfectly viable without Chinese tourists”, report

Osaka’s governor says that the casino business planned to open in the city would be “perfectly viable without the Chinese tourists”.

Hard Rock to completely redesign The Mirage as $1.08 billion purchase from MGM pending

Hard Rock International is planning to close The Mirage and undergo a massive remodel of the property, aiming to nearly double the size of the casino floor, to 174,000 square feet.

Calvin Lim elected as member of the board of LL Lucky Games

LL Lucky Games AB (“LLG”) elected Calvin Lim Eng Kiat as a member of their board. The decision was made at LLG’s extraordinary general meeting. The board currently consists of Per Eriksson, Claes Kalborg, Carl Falkenberg, Calvin Lim Eng Kiat and Carina Beck.

Macau facing new China arrival NAT measures

All arrivals from China to Macau are now required to display a nucleic acid test result taken within 24 hours, after Macau changed its entry requirements despite its promises of opening up.

Steve Wynn facing racketeering charges

Former Wynn CEO Steve Wynn is facing racketeering charges in the US Court of Appeals, under accusations that Wynn attempted to ‘corrupt the judicial process by exerting improper influence’.

Macau to undergo ‘gradual opening up’ as official says it’s “impossible to continue shut”

Macau is going to undergo a ‘gradual opening up’, as authorities realize they can no longer control the outbreak in the community and mainland Chinese policies shift towards a more open approach.

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