Casino
May 6, 2022
Macau’s Court of First Instance Reveals Reason behind the LVS-AAEC Ruling
Macau’s Court of First Instance has sided with Las Vegas Sands in the battle against Asian American Entertainment Corporation and the main reason why the latter was defeated in court was the failed attempt to sign a formal agreement. AAEC wanted to claim $12.1 billion in compensation. The Legal Battle between LVS and AAEC Explained […]
Blockchain
May 5, 2022
APE Holdings Enters the Metaverse, Launches Asia Tigers Club
Asia Pioneer Entertainment Holdings (APE Holdings), a supplier of gaming equipment based in Macau, announced its entry into the metaverse with the launch of the group’s first non-fungible token (NFT). Determined as a Tiger Asia Tigers Club, an NFT collection of 8,800 Picture For Profile (PFPs) unique and fashioned images of tigers based on the […]
Casino
May 5, 2022
Macau Set to Gain Access to Confidential Junket Documents
Macau wishes to keep its future junket operators under close supervision, but not everyone agrees. In fact, members of the Second Standing Senate Committee of the Macau Legislative Assembly have voiced concerns that the text of the proposed Legal Framework for Operating Games of Chance in Casinos could be a tad too overreaching and introduces […]
Blockchain
May 5, 2022
Theo de Vries: “People Are Addicted to Cocaine and Crypto”
Gambling addiction is creeping on crypto traders in almost imperceptible ways and then it’s too late. The story of Dr Theo de Vries, the managing director of The Diamond Rehab, which focuses on drug and alcohol treatment, in Thailand is one that should resonate with people around the people. According to de Vries, people are […]
Casino
May 4, 2022
Macau Hits Sub-100K Visitors for Labor Day Holiday
Macau was hoping that the holiday period would help it pick up a little, but a last-minute flare-up of COVID-19 infection in neighboring China and Guangdong Province, in particular, has quickly dried up the flow of tourists across the border. Things are back to normal, but the damage has been done with China’s annual Labor […]
Casino
May 4, 2022
Macau Does Away with Junket Agents’ Residence Issue
Macau continues to work on the imminent changes to the gambling laws in the country with a meeting on Tuesday once again discussing the Legal Framework for Operating Games of Chance in Casinos bill. The discussions carried out by the Second Standing Committee of the Macau Legislative Assembly focused on discussing a number of pressing […]
Industry
May 4, 2022
Philippines Pulls the Plug on E-Sabong with Presidential Approval
The Philippines has had a fraught relationship with e-sabong or online cockfighting which peaked during the pandemic and has been the source of many social ills ever since. Regardless of the infamous cases of kidnappings and some 36 people disappearing over the past year, authorities have been somewhat lackadaisical in their response and Philippines president […]
Legal
May 3, 2022
Golden Crown Casino in Daegu Investigated for Fraudulent Operations
Golden Crown Daegu Casino is being investigated by South Korean authorities on suspicion of manipulating games and defrauding its customers, according to local media website Breaknews. Casino License under Threat Golden Crown Casino at Hotel Inter-Burgo in Daegu Metropolitan City, the third-largest urban agglomeration in Korea after Seoul and Busan with over 2.5 million residents, […]
Casino
May 3, 2022
MGM China Reports 9% Revenue Drop in 1Q2022 Due to Travel Restrictions
The top developer and operator of gaming venues and resorts in the Greater China region MGM China Holdings Limited (MGM China) have reported its Q122 results. According to data provided by its parent company MGM Resorts International, MGM China recorded a revenue of $268 million in the first quarter of the year that ended on […]
Casino
May 3, 2022
MGM Aims to Commence Work on the Osaka IR in 2023 If Given the Green Light
MGM Resorts International has set a planned date for the foundation work of its casino resort in Osaka, Japan. According to the chief executive and president of the company, Bill Hornbuckle, if Japanese authorities give MGM the green light, work is set to commence at the end of 2023. The Resort Will Likely Open at […]
