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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.

HKEX imposes disciplinary action against former Chinese lottery operator REXLot

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.

Delta to pursue legal action against Goa government over license fees during lockdown periods

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 BetConstruct launch new sportsbook Jade Sportsbet in Philippines

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 injecting $100mln into New York operations, strengthening position

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 finance secretary unsure how many satellite casinos will remain open under new concessions

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 issues ‘BB’ rating to Light & Wonder

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 partnering with Jay-Z’s Roc Nation for Times Square casino bid

Caesars is partnering with Jay-Z founded entertainment agency Roc Nation in its bid for a casino in Times Square, New York.

Macau resident arrested over money laundering with $22.52mln in casino chips/liquor

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.

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