Casino
April 28, 2022
Clairvest Confirms Official Withdraw from Wakayama IR Race
Clairvest Neem Ventures has not been able to clear the last-minute challenges that the investment company was presented with in delivering a convincing bid for its Wakayama Prefecture integrated resort project. As a result, the firm has officially withdrawn from the race. Clairvest, though, seems inclined to keep its cards on the table should another […]
Casino
April 27, 2022
Nagasaki and Osaka Submit Applications for Integrated Casino Resort
Japanese Prefectures of Osaka and Nagasaki have submitted their applications to the national government on Tuesday, two days before the deadline day for submissions, Inside Asia Gaming reported. Two Applicants As reported earlier, both Osaka and Nagasaki received final approvals from their respective assemblies, and the submission of their applications within the deadline date of […]
Casino
April 26, 2022
Singaporean Cash Teller Robs Friend, Father, Bank to Gamble
A Singaporean bank teller at OCBC has stolen S$10,000 ($7,200) from their cash bag in the space of two months to fund their gambling habit. The culprit, one Zechariah Wong An Yi, will now spend at least six months in prison after he admitted fault and pled guilty to criminal breach of trust. Another four […]
Casino
April 26, 2022
Bernstein Expects Macau’s Slow Recovery as Restrictions Continue to Drop
Macau’s Novel Coronavirus Response and Coordination Center continue to ease up restrictions for travelers from Guangdong province, which will pave the special administrative region’s recovery in the following months. This is the conclusion brokerage firm Bernstein has reached after analyzing the region’s economy. Easing up of Traveling Restrictions Benefits Macau Macau has been fairly closed-off […]
Industry
April 26, 2022
Interventions and Family Support Can Prevent Gambling Addiction
There are many ways to address gambling addiction it seems, and the role of psychological interventions and family support is finally coming into focus. According to Dr Rosalina Caoile, more attention should be put on these practices as they could prove pivotal in stemming addictive practices in the bud and enable individuals to feel better […]
Casino
April 25, 2022
Wynn Macau Looks for Alternatives to Attract Customers Sourced by Junkets
Wynn Macau Ltd has stated that the VIP customers sourced by junket operators are still important to the company’s revenue. That is why the Macau concessionaire has stated that it must seek alternate options that will allow it to develop a solid relationship with them. Wynn Macau Confirmed Ceasing Operating Junket Rooms at the End […]
Casino
April 25, 2022
SJM Holdings’ Liquidity Runs Low, According to JP Morgan Analysts
SJM Holdings’ liquidity has been labeled as “worrying” by JP Morgan analysts as concerns are rising concerning SJM Holdings’ refinancing abilities as the pandemic keeps soaring. The Macau casino concessionaire was among the businesses that paid a lot of money to extend their licenses until the end of 2022. SJM’s Cash Reserves Can Last for […]
Industry
April 25, 2022
Macau’s Casinos May Be Holding up to $6.4B in Frozen Junket Funds
The relationship between casino concessionaires in Macau and junket operators has never been exactly amicable, but a sweeping change to the existing laws is not making it any easier. Many of the present-day issues pertain to questionable practices in the past and the present-day realities are something that analysts, including Credit Suisse’s Kenneth Fong, Lok […]
Casino
April 22, 2022
Nagasaki Prefecture to Proceed with IR National Application
Nagasaki became the second prefecture in Japan to approve submission of its application for an integrated casino resort following the approval of the plan during a meeting of the prefecture’s assembly on Wednesday. Nagasaki IR Bid to Move Forward The assembly of Nagasaki Prefecture approved a bill to seek authorization from the national government to […]
Industry
April 21, 2022
Macau Legislative Assembly Voted in Favor of New Junket Bill
Macau’s new junket regulation law passed its first reading at the Special Administrative Region (SAR) of China’s Legislative Assembly (LA) with an overwhelming majority, Inside Asian Gaming reported. Tighter Regulation and Penalties for Junkets The bill titled “Legal Framework for Operating Games of Chance in Casinos” is aimed at further strengthening regulation for casino junket […]
