TagAndrew Chan Chak Mo
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.
Former Hong Kong Stock Exchange-listed lottery service provider and games developer REXLot Holdings, and five of its directors are facing disciplinary action from the bourse, over breach of directors’ duties, non-disclosure of financial assistance provided by the company and innacurate information in its published financial statements.
Former HKEX head to set up asset exchange in Macau, for foreign investment in Chinese micro companies
The former Chief Executive of the Hong Kong Stock Exchange is launching Micro Connect, an asset exchange in Macau, in a micro-step towards the economic diversification away from the gaming industry that the government has mandated.
Indian casino operator Delta Corp, the only listed entity engaged in gaming in the country, says that it is ‘pursuing legal remedies’ with the government of Goa over license fees owed for the period when its casinos were shut down due to COVID restrictions.
Jade Entertainment and Gaming Technologies Inc., launches its all NEW sportsbook offering for retail and Remote Gaming - jadesportsbet.com – in time for the new season of the NBA and the FIFA World Cup.
Genting Malaysia Berhad is investing a further $100 million into Empire Resorts, increasing its total investment in the New York-based gaming company to $624.4 million.
Macau’s Secretary for Economy and Finance says he’s unsure how many satellite casinos could continue to operate and how many would close down after the new gaming concessions come into effect on January 1st, 2023.
Fitch Ratings has assigned a final Issuer Default Rating (IDR) of ‘BB’ to Light & Wonder and Scientific Games International (together classified as LNW), noting that its ‘credit profile remains consistent with ‘BB’, due to robust free cash flow generation, strong liquidity, and still conservative leverage’.
Caesars is partnering with Jay-Z founded entertainment agency Roc Nation in its bid for a casino in Times Square, New York.
A Macau resident has been arrested by the Judiciary Police on accusations of money laundering and smuggling, after a 48-year-old resident woman was found in possession of over MOP180 million ($22.52 million) in gaming chips, cash and merchandise.
AUSTRAC takes SkyCity Adelaide to Federal Court for ‘serious and systemic’ anti-money laundering breaches
Australia’s financial crimes watchdog has announced that it’s commencing civil penalty proceedings in the Federal Court against SkyCity Adelaide for ‘alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing laws’.