Business
June 28, 2021
Philippines the Latest to Be Added to the FATF’s Naughty List
The Philippines needs to become more proactive in fighting financial crime. That’s the message the Financial Action Task Force (FATF) sent out last Friday when it added the country to its grey list, the ledger that sits right next to the agency’s blacklist. The Philippines join two European countries, Malta and Romania, which were added […]
Casino
June 24, 2021
The Race to Control Nagasaki’s Casino Resort Heats Up
Substantial progress is being made in Nagasaki as the prefecture looks to win the rights to host one of the first three integrated resorts (IR) expected to be built in Japan. Three candidates were ultimately shortlisted as potential operators of the city’s casino resort and they all have now submitted their formal written proposals for […]
Blockchain
June 23, 2021
Iran Raids 50 Locations, Seizes 7,000 Bitcoin Mining Rigs
Following an order by Iranian President Hassan Rouhani to temporarily suspend Bitcoin mining in the country, police have stepped in to get offenders in line. Illegal Bitcoin Miners Raided in Police Operation Iran seemed to be giving crypto miners a warm welcome that, in fact, turned out to be the cold shoulder. The country’s electricity crisis […]
Industry
June 22, 2021
Hong Kong Police Deal a Major Blow to Illegal Gambling
Illegal gambling rings were put on notice, as Hong Kong police announced a major breakthrough against Triad-controlled gambling. Local authorities arrested 18 people in connection with the largest illegal gambling operation in the last decade. Police disclosed that the illegal bookies had handled over $400 million in bets on horse racing and soccer over the […]
Industry
June 22, 2021
Analysts Back Down on Macau Recovery as Hong Kong Restrictions Continue
Macau was converted into a virtual ghost town for much of 2020 because of the COVID-19 pandemic. It seemed like 2021 was going to bring a lot of positive activity as restrictions started to be lifted and gross gaming revenue (GGR) began to recover. However, even as industry analysts were starting to become more optimistic […]
Industry
June 22, 2021
Yokohama’s Plans for an Integrated Resort Hit a Potential Speedbump
Japan has been diligently chipping away at the large block that it hopes will ultimately become its casino industry. It has been a slow process and several cities across the country have been anxious to become involved. Among these, Osaka, Nagasaki and Yokohama have been at the forefront the most, all overcoming challenges to be […]
Industry
June 21, 2021
Macau Authorities Expect to Double Casino Regulators
The gambling mecca of Macau is set to face tougher regulations as government authorities look to double the number of casino inspectors. Several departments are tipped to be restructured, as the city looks to ramp up its hold over the casino industry. The move to beef up supervision of the gambling hub comes as the […]
Blockchain
June 18, 2021
Sichuan Government Kicks Out Bitcoin Miners
A total of 26 mining farms will shut down by the end of June resulting from an order issued by the municipal government of Ya’an in the Chinese province of Sichuan. China’s Crypto Mining Exodus is Underway Bitcoin mining operators should leave Sichuan, China, by June 25, according to local news outlet PANews, which cited […]
Blockchain
June 18, 2021
China’s CBDC Available for Exchange via 3,000 ATMs in Beijing
China continues to spearhead efforts to implement a central bank digital currency (CBDC) after its digital yuan experiment expanded with a conversion feature across ATMs in Beijing, news agency Xinhua reported. ATMs Allow Exchange between Digital and Physical Money According to the media report, two major Chinese banks, The Industrial and Commercial Bank of China […]
Casino
June 18, 2021
Las Vegas Sands Hopes to Find Аllies as It Fights $12-billion Lawsuit in Macau
The case pitting Las Vegas Sands (LVS) against a former business partner is finally getting underway in a Macau courtroom. Marshall Hao, a Taiwanese businessman behind Asian American Entertainment Corporation (AAEC), is suing the casino operator over what he asserts is a breach of contract linked to LVS’s entry into the Macau gaming industry. It’s […]