Casino
May 31, 2022
Oceanus Acquisition May Be SJM’s Last Satellite Casino
The courtship between Macau concessionaires and satellite casinos has most likely come to an end. The best example of that is SJM Holdings which, following its acquisition of Oceanus, will most likely not be looking to buy any additional satellite casinos moving forward, at least according to JP Morgan. SJM Holdings Unlikely to Buy More […]
Casino
May 31, 2022
PAGCOR Opens First Dedicated Village Project to Offer Safe Housing
PAGCOR or the Philippine Amusement and Gaming Corporation has made good on its promise to deliver on various good causes and social campaigns. The gaming watchdog has just launched the PAGCOR Village in Lemery, Batangas, which is the first of more similar projects to follow. The main purpose of the Village is to provide safe […]
Casino
May 31, 2022
SAR Concessionaires to Weather Any Storm Assures Bernstein
Brokerage firm Bernstein has remained fairly optimistic about the outlook Macau casino concessionaire have. The firm believes that the existing liquidity of the Special Administrative Region (SAR)’s companies will be sufficient to tide them over through any foreseeable future crisis, never mind any economic downturns or increased border scrutiny on the Chinese border which has […]
Casino
May 30, 2022
Police Arrest Suspect in Gambling-Related Fatal Stabbing
Clamping down on illegal gambling in Hong Kong has won a bit of notoriety over the past several years with gambling den busts often ending up in epic chases across the city or worse – in accidents with people losing their life over gambling. The fate of a 46-year-old-man who was stabbed to death on […]
Casino
May 26, 2022
Two Crystal Cruise Liners Up for Auction after Owner Defaults on Loans
Crystal Symphony and Crystal Serenity, the two largest cruise ships belonging to operator Crystal Cruises, will be auctioned off on June 7. The authorities seized the vessels not long after parent company Genting Hong Kong defaulted on its loans. The Two Vessels Are Old but Retain Much of Their Original Value The company is yet […]
Casino
May 26, 2022
Marina Bay Sands to Hold Two-Day Walk-In Recruitment Fair
The casino industry in Asia continues to recover from the impact of the pandemic-related restrictions, proves an advertisement for a two-day recruitment fair at Marina Bay Sands. ‘Begin Your Career Journey with Marina Bay Sands!’ The casino resort operated by Marina Bay Sands, a subsidiary of Las Vegas Sands, will hold the first walk-in recruitment […]
Legal
May 26, 2022
Arrested Suncity Members Received Their Indictments
The Macau Public Prosecutions Office has indicted Alvin Chau, the chief executive officer of the Chinese junket Suncity. This was reported earlier by Inside Asian Gaming. The Arrestees Got their Indictments According to the report, the prosecution has also issued indictments to remaining suspects and to those who were arrested because of their ties with […]
Legal
May 25, 2022
Macau’s Wong Sio Chak Trusts the Gambling Reforms
Wong Sio Chak, Macau’s secretary for security believes the ongoing gambling law reforms will not pressure employment in the sector. COVID-19 Brought Down both Crime and Profits The secretary addressed the market’s state in the “Assessment Report on the Impact of the Current Situation of the Gaming Industry in Macau on the Public Security Situation […]
Casino
May 25, 2022
Macau’s Post Golden Week GGR Picks Up Slowly
While there were fears that the impact of a lackluster Golden Week holiday would carry on, Macau has started to see an improvement in gross gambling revenue, which doubled as per the latest results, Bernstein Research reported. In the week leading to May 22, a total of MOP100 million ($12.31 million) was spent on gambling […]
Casino
May 25, 2022
Genting Singapore Eyes Casual Gamblers as Source of Revenue
Genting Singapore is planning to broaden the scope of its operations by partially pulling away from the VIP segment and refocusing a part of its efforts onto the casual player vertical instead. The intention was confirmed by company CEO Tan Hee Teck who spoke to shareholders and outlined some of the future plans for the […]
