Industry
December 8, 2021
Nagasaki Enhances IR Design to Better Reflect Prefecture’s Goals
Nagasaki’s integrated Resort (IR) may look different from previous drafts. Although the project’s look has been updated by the prefecture, the cost will likely remain the same. Nagasaki Sculpting its IR Future According to GGRAsia, Nagasaki made the decision to improve the architectural appearance of the IR to “enhance symbolism” the property. However, the resort’s […]
Industry
December 8, 2021
Macau’s Junket Days Reported to be Over
The world’s largest casino junket market could soon disappear. Reports this week claimed that Macau has called for a halt to junket operations. The SAR has also reportedly ordered junkets not to loan money to VIP clients. The End of a Junket Era in Macau Macau’s casino concessionaires could end all contracts with junket proponents, […]
Industry
December 7, 2021
Macau’s Casinos Report Slight Uptick in Revenue for Early December
Macau casino gross gaming revenues (GGR) increased 14% in the first week of December, according to a Monday note by brokerage Sanford C. Bernstein Ltd. Daily mass-market GGR rose by 20% compared with November’s daily average. December Starts Strong For Macau According to the brokerage, the average daily rate for GGR from December 1 through […]
Casino
December 6, 2021
Thailand Shows Interest in Opening Casino Resorts in the Near Future
The parliament of Thailand will be launching a study to possibly introduce casino gaming as MPs supported the idea unanimously last week, bar a few dissident voices. At the moment, it remains unclear as to how many casino resorts would be legalized, nor where are they going to be located should the legalization move proceed […]
Business
December 6, 2021
Craig Billings Confirmed as new Wynn Macau Boss Starting February
Wynn Macau confirmed that it will follow the US parent Wynn Resorts’ lead. It has decided to appoint Craig Billings to be the new CEO of the company once Matt Maddox leaves early next year. Billings Takes the Helm Billings will assume the role and will be redesigned from a non-executive director to an executive […]
Industry
December 6, 2021
Hong Kong Not Deterred by Omicron As Travel Restrictions to be Lifted
In a significant step towards opening its borders to mainland China and Macau, the Hong Kong government announced that it will open the new “Hong Kong Health Code” system for registration starting this Friday, December 10. Hong Kong Recovery Continues The new system, which aligns with the respective health code tracking systems of the three […]
Blockchain
December 6, 2021
Vietnam Takes Down $3.8B Crypto Gambling Ring
Vietnamese police authorities have busted a crypto gambling ring estimated at $3.8 billion based on the amount of gamblers’ money contributed. The news comes from Bloomberg, citing a report by state-owned broadcaster VTV. According to the report, this is one of the largest underhand crypto gambling operations discovered in the country, with a total of 59 suspects arrested. Arrests […]
Industry
December 3, 2021
Macau Confirms Closure of Suncity VIP Rooms in the City
Macau’s gaming regulator has confirmed Wednesday night that all VIP gaming rooms operated by Suncity Group, a junket operator in Macau, have been closed. Alvin Chau, the now-former head of the junket operator, was arrested on Saturday for allegedly organizing illegal gambling, including online gambling, via the Philippines, China, and other countries. Suncity Grinds to […]
Industry
December 3, 2021
South Korea Implements Inbound Travel Quarantine Due to Omicron
South Korea has been forced to reintroduce travel quarantine requirements. These rules apply to all South Korean citizens and cover all arrivals between December 3 and December 17. Omicron Starts to Cause Disruptions As the Omicron COVID-19 variant begins to be reported in South Korea, the 10-day quarantine is being implemented. Five cases were reported […]
Industry
December 2, 2021
Casinos in Macau Continue to See Sporadic Results
Macau casinos won $844 million from gamblers last month. This is a 0.01% increase over November 2020, but an improvement of 55% over October. However, with Suncity Group announcing it’s shutting down operations, the revenue could see another big drop. Macau Casinos Continue Along Uncertain Path The six Macau-licensed commercial casino operators enjoyed their best […]