Business
March 30, 2022
Suncity Group 2021 Report Casts Doubts on Company’s Future
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
Casino
March 30, 2022
Light & Wonder Confirms More EGM Products for Asia
Light & Wonder plans to continue spearheading its product development and pivot towards Asia. To this end, the company formerly known as Scientific Games and one of the biggest suppliers and developers of iGaming and lottery software is planning to bring its Duo Fu Duo Cai and Jin Ji Bao Xi game series in Asia […]
Sports
March 30, 2022
Stake.com to Sponsor Golovkin’s Fight with Murata
Gennady Golovkin is one of the most impressive boxers of our time and he will be squaring up against Ryota Murata at Saitama Super Arena, Saitama, Japan on April 9. The fight billed as the Big Drama, will have the pair compete for the WBA (Super) IBF, and IBO middleweight titles and become an opportunity […]
Industry
March 29, 2022
China Busts $1.6B Illegal Gambling Wring, Arrests 14 People
China has a monopoly on gambling in the sense there is no gambling allowed in bar lotteries and the occasional trip across the border with Macau. However, China’s lack of established gambling laws doesn’t mean that there is a lack of control, and even if some organizations manage to stay under the radar for a […]
Casino
March 29, 2022
Macau Casino Concessionaires Pay $5.83M to Extend Licenses
Macau is agog as the special administrative region is working hard to re-regulate its gambling industry and create new mint conditions for concessionaires to operate in. This begins with the extension of existing licenses, set to expire on June 26, through the end of the year. However, Macau is offering each concessionaire the opportunity to […]
Casino
March 29, 2022
SJM and Melco Resorts to Shut Down Satellite Casinos in Macau
Macau is rapidly changing its gambling laws which means that any remaining concessionaire would have to comply with what is expected to be the biggest overhaul of gambling regulation in the special administrative region. Among those are SJM Holdings and Melco Resorts International which are shutting down several of their satellite casinos in a bid […]
Casino
March 29, 2022
New Jersey Investors Reportedly Interested in Purchasing a Saipan Casino
Two American investors are reportedly interested in operating a Saipan casino as told by the head of the Commonwealth Casino Commission (CCC) of CNMI. The Saipan Tribune reports that Andrew Yeom, the executive director of CCC, has been contacted by two New Jersey investors. Online and Land-Based Operations Are Being Considered The New Jersey investors […]
Casino
March 29, 2022
Police Find Baby of Filipino Woman Who Pawned It to Cover E-Sabong Debt
E-sabong has caused a lot of commotion in the Philippines. After the activity was licensed and welcomed by the country in 2021, there have been numerous developments ever since that have made authorities and even ordinary folk question the benefits of this gambling vertical. One of the most shocking developments over the past year has […]
Legal
March 28, 2022
PAGCOR Investigation Leads to Suspension of Suncity Group’s License
Suncity Group has been deemed as unsuitable to hold a license to operate Philippines junkets after an investigation in which customers were complaining about the company withholding funds from them. This represents the culmination of the investigation that was launched by PAGCOR back in August 2021. The Evidence Was Substantial According to the Gaming Regulator […]
Casino
March 28, 2022
The Philippines Suspends Suncity Group License, Offers Recovery Option
The Philippines has faced numerous challenges in regard to its gambling industry of late. The recently-regulated e-sabong vertical has turned out to be permeated by corrupt policemen and officials, leading to a spate of crimes. Yet, the Philippines has been actively trying to do the right thing on all levels of the industry and the […]