East Asia

Macau should monitor satellite casino employees’ status, legislator says

According to Ella Lei Cheng I, the government should closely monitor what happens to the employees of satellite casinos during the transition to Macau’s new gaming law.

05/27/22

Two Genting Crystal Cruises ships to be auctioned in the Bahamas

Two of Genting’s Crystal Cruise ships that were seized in the Bahamas will be going up for auction next month.

05/27/22

Alvin Chau indicted on charges of money laundering

05/27/22

SJM to acquire Oceanus property for US$242.8m

05/26/22

Dynam posts revenue of US$818m for fiscal year 2021

The Japanese pachinko hall operator reported a 6.6 per cent increase in revenue year-on-year but isn’t getting overly optimistic.

05/26/22

Macau’s Million Dragon Hotel makes lay offs

According to local media, the company is restructuring amid an uncertain outlook.

05/25/22

26.5% of Macau’s underemployed population is related to the gaming sector

Employment in Macau’s gaming industry fell nearly 5.0 per cent quarter-on-quarter to about 72,700 in the first quarter.

05/24/22

Macau casinos’ net debt could reach US$25bn this year, analysts say

Analysts at Morgan Stanley say this could be the figure if current travel restrictions remain in place.

05/24/22

SJM to absorb workers left unemployed by satellite casino closures

SJM Holdings has said that workers affected by the closure of satellite casinos linked to the company will not be left without work.

05/24/22

Macau GGR up 100% in third week of May

However, monthly GGR looks set to be down 85 per cent when compared to pre-pandemic levels.

05/23/22

No irregularities found between Macau Legend and former CEO Levo Chan

A review has not noted any irregularity in the dealings between the company and Levo Chan Weng Lin or his related entities.

05/23/22

us1-billion-loss-for-macau-casinos-in-q2

Macau visitor arrivals up 15.2% in April

05/23/22

South Korea to reopen its borders from June 1

Authorities in South Korea have announced they will resume issuing short-term tourist visas for individual tourists and tour groups.

05/20/22

Digital RMB could benefit Macau gaming, Bernstein says

Bernstein’s analysed how going cashless might affect Macau’s gambling economy, and its analysts believe it could revitalise the sector.

05/19/22

Andrew Lo takes control of Suncity Group

Alvin Chau Cheok Wa has transferred his controlling stake in Suncity Group and Summit Ascent to Andrew Lo Kai Bong.

Check the latest East Asia news

Macau should monitor satellite casino employees’ status, legislator says

Two Genting Crystal Cruises ships to be auctioned in the Bahamas

Alvin Chau indicted on charges of money laundering

SJM to acquire Oceanus property for US$242.8m

Dynam posts revenue of US$818m for fiscal year 2021

Macau’s Million Dragon Hotel makes lay offs

26.5% of Macau’s underemployed population is related to the gaming sector

Macau casinos’ net debt could reach US$25bn this year, analysts say

SJM to absorb workers left unemployed by satellite casino closures

Macau GGR up 100% in third week of May

No irregularities found between Macau Legend and former CEO Levo Chan

Macau visitor arrivals up 15.2% in April

South Korea to reopen its borders from June 1

Digital RMB could benefit Macau gaming, Bernstein says

Andrew Lo takes control of Suncity Group

East Asia

Taiwan reportedly blocks Coinbase and Kalshi over suspected election betting

Legal

Questions raised over effectiveness of online gambling enforcement in Thailand

Casino

Macau Q3 GGR falls 3.8% as mass baccarat declines

Australasia

ACMA clarifies Australian gambling ad rules