Industry
December 6, 2020
JP Morgan: No Room for Panic for Macau Casinos for Now
Macau gambling industry is still struggling to rebound from the coronavirus impact and the subsequent restriction measures resulting in $27 billion less revenue this year, when a new existential threat is on the horizon: the adoption of the digital currently backed by the People’s Bank of China (PBC), the digital yuan. Junkets Facing an Existential […]
Legal
December 2, 2020
Macau Regulator Denies Reports of E-Yuan Gaming Options
After a report by Bloomberg that Macau’s casinos will replace FIAT currency with e-yuan, the city’s gambling regulator has denied the rumors outright. No E-Yuan for Macau’s Casinos, Says Regulator A recent report by Bloomberg has suggested that the Gaming Inspection and Coordination Bureau (DICJ) in Macau may be preparing to introduce the e-yuan as […]
Industry
November 24, 2020
Mainland Demand, Ease of Travel Restrictions to Boost Macau
Recovery in Macau is qualified as medium-term bullish, says Morgan Stanley, which has expressed positive outlook for the special administrative region on Monday. Macau’s Road to Recovery May Not Be too Far Ahead Chinese nationals may yet play a significant role in Macau’s gaming recovery, with Morgan Stanley assigning on Monday a medium-term bullish recovery […]
Legal
November 16, 2020
Crown: China Arrests Down to Bona Fides Honest Assumption
The New South Wales (NSW) inquiry into Crown’s suitability to hold a casino license is getting into its final stages and a counsel for Crown told the inquiry executives at the company acted “with bona fides and honesty” when assessing the risk for its employees in China in 2016. Final Submissions Crown is making its […]
Casino
November 5, 2020
Macao’s Recovery Expedited by China’s Crackdown on Junkets
Junket operators restrictions force more of these companies to drive VIP and high roller players to Macao exclusively at the behest of Beijing. This could be the essence of the administrative region’s recovery. Tougher Stance on China’s Junkets Could Mean Higher Revenue for Macao Macao was the first gaming hub in the world to […]
Legal
October 24, 2020
China Bans Gambling Destinations, Arrests 60,000 People
China continues to clamp down on illegal gambling operations and has introduced new measures including a “black list” for gambling destinations and new criminal offenses related to the activity. China’s Ministry of Public Security Continues to Crack Down on Gambling On Thursday, China’s Ministry of Public Security revealed that Chinese authorities had identified nearly $150 […]
Legal
September 27, 2020
China Seeks to Stem $146bn Annual Outflow to Foreign Gambling Operators
China continues to clamp down in a bid to stem the outflow of $146 billion annually to foreign gambling operators. Ministry of Public Security Rolls Sleeves Up to Clamp Down on Gambling A new report by the Ministry of Public Security claims that Chinese gamblers remit $146 billion a year to cross-border operators. Liao Jinrong, […]
Blockchain
September 20, 2020
China Busts a USDT Gambling Ring Facilitating Payments Abroad
Chinese authorities have cracked down on an illegal gambling facilitator, arresting 76 suspects and cutting access to over 120 online gambling websites based outside of the country. China Hunts Down an Illegal USDT Gambling Operation China continues with its crackdown on unauthorized gambling operations. In the latest bust, the Public Security Bureau in Huizhou City […]
Business
September 8, 2020
AC Milan and Yabo Sports Strike 3-Year Digital Partnership
AC Milan will capitalize on a new gambling partnership with Yabo Sports and tap into its large fan base in places like China and all across Asia. Yabo Sports to Spearhead AC Milan’s Digital Expansion in Asia AC Milan has teamed up with Yabo Sports as part of the team’s efforts to continue pivoting towards […]
Business
September 7, 2020
AGTech Expands in China, Wins Five Sports Lottery Tenders
AGTech’s subsidiary, AGTech GOT Technology won five tenders in China, allowing the company to supply sports lottery terminals for four provinces and one municipality. AGTech GOT Won Five Tenders in China The integrated technology and services company AGTech Holdings’ Beijing subsidiary AGTech GOT Technology has won five tenders. With that move, the company clearly continues […]