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Hong Kong’s finance chief rejects calls to legalize basketball betting

March 8, 2024 - Hong Kong’s finance chief has rejected calls to legalise basketball betting, saying he had deep reservations about the move which could encourage more young people to gamble. Speaking at the... Read more »

Conduct of management in question as Hong Kong’s securities regulator orders suspension of trading in LET Group, Summit Ascent shares

February 16, 2024 - Hong Kong’s Securities and Futures Commission (SFC) says it has “serious concerns about the conduct” of management of LET Group Holdings and its subsidiary Summit Ascent Holdings in relation to... Read more »

Hong Kong warns jailed gambling kingpin Alvin Chau’s former firms over Russia deal

February 15, 2024 - Hong Kong’s securities regulator warned it may delist two companies formerly headed by jailed Macau gambling kingpin Alvin Chau because of concerns about a $116 million sale of assets in... Read more »

PAGCOR to lay off 665 workers from Manila’s New Coast Hotel as Hong Kong’s IEC prepares to take over casino ops: report

January 19, 2024 - Philippines gaming regulator PAGCOR will lay off 665 workers from its casino at Malate’s New Coast Hotel Manila when it hands over control to the hotel’s owner, Hong Kong-listed International... Read more »

Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange

September 29, 2023 - Hong Kong real estate developer Far East Consortium International Ltd said this week it has received approval from the Hong Kong Stock Exchange to proceed with a spin-off of its... Read more »

Macau tourism agency announces free return ticket offer for foreign visitors from Hong Kong

March 28, 2023 - The Director of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, said Monday that cross-border transport concessions will be launched again from mid-April to June, and will... Read more »

Star Entertainment Group’s Hong Kong partners see shareholding diluted

March 10, 2023 - Hong Kong’s Chow Tai Fook Enterprises Limited and Far East Consortium International Limited have seen their combined stake in Australian casino operator Star Entertainment diluted following the latter’s recent institutional... Read more »

Hong Kong follows Macau lead by lifting mandatory mask order for indoor and outdoor settings

February 28, 2023 - Following Macau’s announcement on Sunday that the wearing of masks in indoor and outdoor settings is no longer required, Hong Kong has issued a similar order with its mask mandate... Read more »

JP Morgan revises Macau Q1 earnings estimates upwards on China border easing, resumption of Hong Kong ferry services

January 9, 2023 - Investment bank JP Morgan has revised its earnings estimates for Macau’s gaming operators in 1Q23 upwards following the news last week that most border restrictions between Macau, mainland China and... Read more »

Britain’s Playtech expects new shareholder offer, confirms approach by Hong Kong investment firm

February 3, 2022 - Britain’s Playtech said on Thursday its second largest shareholder could make a takeover approach for the gambling software firm after its proposed $2.8 billion buyout by Australia’s Aristocrat Leisure fell... Read more »