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Former Crown owner James Packer vows never to work with casinos or China again

February 29, 2024 - The former controlling shareholder of Australia’s Crown Resorts, James Packer, has vowed to never again invest in the casino industry – or to do business in China – after being... Read more »

Sands China names Grant Chum as new CEO and president amid executive reshuffle

January 25, 2024 - Grant Chum has been named as Sands China’s new CEO and President amid a raft of senior executive changes announced by the company late Wednesday. The 48-year-old, who previously served... Read more »

Horse racing in China’s gaming hub of Macau to end in April, after more than 40 years

January 16, 2024 - HONG KONG (AP) — The government in China’s gambling hub of Macao said Monday that after more than 40 years, there will be no more horse racing in the city... Read more »

China removes official after video games rules spark turmoil

January 3, 2024 - China removed an official at a government body overseeing its press and publications regulator, five sources who were briefed on the matter said, days after Chinese gaming stocks were hit... Read more »

Chicago: Bally’s Casino is running hourly shuttles from Chinatown, worrying neighborhood leaders

December 26, 2023 - Bally’s temporary casino in River North has been operating two hourly shuttles from Chinatown unbeknownst to local leaders for the past two months, reviving long-held concerns about local casinos targeting... Read more »

Suncity’s Alvin Chau pens open letter to China President Xi Jinping

December 8, 2023 - Sentenced to 18 years in prison on charges of fraud, triad offences and illegal gambling, Alvin Chau – former chairman of collapsed Macau junket operator Suncity Group – has penned... Read more »

Macau, the world’s biggest gambling hub, needs a ‘completely new perspective,’ says MGM China’s Pansy Ho

December 6, 2023 - Macau doesn’t want to be known as just the world’s biggest gambling hub. The Chinese city is the only place in the Asian country where casino gambling is legal. In... Read more »

Beijing’s China State Construction Engineering Corporation awarded contract to develop $1.2 billion MGM-linked resort in Dubai

November 29, 2023 - Beijing-based China State Construction Engineering Corporation has been awarded the contract by local developer Wasl to build a $1.2 billion development in Dubai slated to host MGM Resorts-owned hotel brands... Read more »

Bond investors turn from China property to Macau casinos

November 16, 2023 - Macao casino operators are attracting bond market attention. Although these companies generally issue low-rated, “high yield” bonds, they have regained creditworthiness as the Chinese administrative region’s tourist numbers recover. The... Read more »

Macau casino stocks tumble on weak earnings, China headwinds

November 10, 2023 - Macau casino stocks sank the most since March 2022, led by slump in Wynn Macau Ltd., as disappointing earnings cast doubts over the pace of recovery in the world’s largest... Read more »