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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 »
Wall Street analyst tackles gaming stocks in 2024
January 4, 2024 - According to a Wall Street analyst, Las Vegas Strip and locals casinos are the best positioned in the industry heading into 2024, despite the challenges of higher labor and utility... Read more »
Genting casino chip heist: Cops tracking down mastermind and four others, case ‘almost-solved’
November 8, 2023 - They frequently visited the casino in Genting Highlands in Bentong for gambling activities before hatching a plan to steal casino chips from a room which usually housed the VIP customers.... Read more »
Financial Action Task Force urges Philippines to “swiftly address” AML deficiencies as January deadline looms
October 31, 2023 - The Financial Action Task Force, a global AML watchdog, has urged the Philippines to swiftly implement plans to address key deficiencies in its anti-money laundering controls, including those related to... Read more »
Focus on Asia: Remote control
October 4, 2023 - In the often-murky world of Asia’s online gaming scene, where regulated markets are few and far between, the Philippines is emerging as a unique outlier in its efforts to buck... Read more »
Despite Beijing’s crackdown, junket agents return to lure VIPs to Macao’s casinos
September 9, 2023 - In the wake of Macao’s crackdown on casino junkets and the subsequent COVID-related travel restrictions, casinos are now collaborating with junket agents under a new arrangement to attract high rollers... Read more »
Focus on Asia: Winning margins — How Macau is set to become more profitable than ever before
August 30, 2023 - If there were two key takeaways from the recent Q2 earnings season in Macau, they were that margins in 2023 are fundamentally higher than pre-COVID, and that the premium gaming... Read more »
For Boyd, Hawiians are great customers, teachers, and partners
August 27, 2023 - The island of Maui in Hawaii has been devastated by fire. It is a tragedy of epic proportions. More than 3,000 acres and 2,200 structures were destroyed, causing damage of... Read more »
New Macau gaming credit law passes Legislative Assembly vote
May 19, 2023 - Macau’s Legislative Assembly passed a new gaming credit law on Thursday afternoon which prohibits casino management companies from providing credit and establishes a penalty mechanism for breaches. Amendments to the... Read more »
Macau concessionaires face US$615,000 fines should they breach new gaming credit law
May 9, 2023 - The Macau SAR Government has introduced a new gaming credit bill which if passed would introduce a number of penalties, including a maximum fine of MOP$5 million (US$615,000), for any... Read more »