Monthly Archives: October 2016

Macau vehicle imports fall 55 per cent

Date

October 31, 2016

Author

none

Source

Macau News

Region


Subject

Macau

URL

http://macaunews.com.mo/macau-vehicle-imports-fall-55-per-cent-january-september/

Macau’s motor car and motorbike imports fell 55.6 per cent year-on-year to 911 million patacas in the first nine months of the year. Mobile phone imports fell 44.9 per cent to 3.06 billion patacas. Watch imports dropped 31.9 per cent to 3.3 billion patacas. Gold jewelry imports decreased 31.4 per cent to 4.2 billion patacas.

Long way to go to City 3.0

Date

October 31, 2016

Author

Nelson Moura

Source

Macau Business Daily

Region


Subject

Macau

URL

http://macaubusinessdaily.com/Macau/Long-way-go-City-30

British writer and urban planner Charles Landry believes Macau has enough financial, intellectual and creative resources to truly become a international model for urban living, as he described during his “Macao: A Culture of Ambition and Creativity as Catalysts for a Sustainable City” seminar. “Macau is 40 times richer than any British cities; why can’t you be a model for the world?

Controversial bills to be postponed

Date

October 31, 2016

Author

none

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/al-president-controversial-bills-postponed.html

The president of the Legislative Assembly announced the government and the law-making body have come to an agreement regarding several “controversial” bills, which will now be postponed until the next legislative term… The current term is set to expire in August 2017. Until then, lawmakers will focus on the remaining, less controversial bills, hoping to reach an agreement on them.

Wynn to pay more to Leighton Asia

Date

October 31, 2016

Author

none

Source

Asia Gaming Brief

Region


Subject

Macau

URL

http://agbrief.com/news/wynn-pay-more-leighton-asia

Macau casino operator Wynn Macau has announced it has entered into an agreement with Leighton Asia to settle litigation over the construction of Wynn Palace… As part of the settlement, Wynn Resorts and Palo Real Estate Company will “release and pay US$21.1 million to Leighton Asia as money due for work completed,” pay Leighton an additional $199.8 million, another $55.2 million “upon final completion of works”, and up to $45.0 million “as and when outstanding, defective or nonconforming work is completed to the satisfaction of the group”.

Genting new casino cruise line lifestyle focused: firm

Date

October 31, 2016

Author

none

Source

GGRAsia

Region


Subject

China

URL

http://www.ggrasia.com/genting-new-casino-cruise-line-lifestyle-focused-firm/

The Genting group will be “pushing for a more lifestyle product” with its new casino cruise line brand, Dream Cruises, said the group’s chairman Lim Kok Thay, in an interview with Singapore newspaper the Straits Times. The first of the new brand’s vessels – the Genting Dream is due to make its maiden voyage on November 13 from its home port of Guangzhou, in China’s Guangdong province. It will mark the beginning of a bet on China’s leisure market.

MGM Resorts ready to bet up to $10 billion on Japan casino

Date

October 31, 2016

Author

Thomas Wilson/ Emi Emoto

Source

Reuters

Region


Subject

Japan

URL

http://www.reuters.com/article/us-mgm-resorts-japan-idUSKBN12V0R5

MGM Resorts International (could plow almost $10 billion into a Japanese casino via a publicly traded real estate investment trust, its chief executive said on Monday, as Tokyo inches closer to legalizing the industry. Casinos are currently banned in Japan, but the odds of their legalization have improved sharply thanks to political shifts that could open the world’s next great frontier for high-roller gambling.

Chow Tai Fook in talks for Baha Mar

Date

October 31, 2016

Author

none

Source

Asia Gaming Brief

Region


Subject

Bahamas

URL

http://agbrief.com/news/chow-tai-fook-talks-baha-mar

Chow Tai Fook Enterprises Limited has entered into negotiations for the ownership of Baha Mar, said the company… “CTFE is looking forward to having Baha Mar join its portfolio of world-class integrated resort development projects,” said Dr. Henry Cheng, chairman of CTFE. “We are fully committed to this project and plan to hire as many Bahamians as possible to work at the property.”

Germany’s new gambling law creates huge uncertainty

Date

October 31, 2016

Author

Christoph Zeiher

Source

EurActiv

Region


Subject

Germany

URL

http://www.euractiv.com/section/justice-home-affairs/news/germanys-new-gambling-law-creates-huge-uncertainty/

Germany’s gaming sector is upheaval as sharper regulations threaten the very existence of many arcade businesses. Over the next year, many gaming halls and casinos in Germany will risk losing their licenses. There has long been legislative uncertainty in the gaming market, but in 2017 stricter rules are going to come into force, when the transitional period of a law enacted in 2012 finally expires.

UK gambling operators obliged to implement controls

Date

October 31, 2016

Author

none

Source

Yogonet

Region


Subject

UK

URL

http://www.yogonet.com/international/2016/10/31/uk-gambling-operators-obliged-to-implement-appropriate-controls-to-prevent-money-laundering-terrorist-financing

Gambling operators in Britain will be subject to a new obligations aimed at preventing money laundering and terrorist financing under new licensing conditions due to come into effect on 31 October. The revised licensing conditions and codes of practice will require gambling operators to “conduct an assessment of the risks of their business being used for money laundering and terrorist financing” and then implement “appropriate policies, procedures and controls to prevent money laundering and terrorist financing.”