No Get-Out-of-Jail Card for Ho Chio Meng

Macau’s former Public Prosecutor General Ho Chio Meng (l.), charged with fraud, abuse of power and document forgery, has tried and failed to get out of jail. The case...

Published April 18, 2016

Beijing: No Chinese Link to Philippines Money-Laundering

The Beijing government has rejected suggestions that Chinese nationals were involved in the theft of $81 million in funds stolen from the Bangladesh Bank and funneled through casinos in...

Published April 11, 2016

Will Jordan Follow Israel Into the Casino Biz?

As the government of Israel considers legalizing casinos, its Middle Eastern neighbor, Jordan, is also said to be looking at the industry. Vice Prime Minister Abu al-Ragheb has said...

Published April 11, 2016

More Delays for Wynn Cotai?

The grand opening of the Wynn Palace resort (l.) on Macau’s Cotai Strip could be delayed yet again, according to the U.S.-based company. In its annual report filed to...

Published April 11, 2016

Mandovi Casinos Get Yearlong Reprieve

Casino cruise ships based in India’s River Mandovi will not have to relocate for at least a year, according to Goa Chief Minister Laxmikant Parsekar. The offshore industry has...

Published April 11, 2016

IP Sheds Non-Gaming Assets to Focus on Saipan

Gaming investor Imperial Pacific is selling its non-gaming subsidiaries to focus on casino interests on Saipan. The Hong Kong-listed firm has agreed to accept US$258,000 for its entire issued...

Published April 11, 2016

Success Dragon Grows in Vietnam

Hong Kong-listed Success Dragon International Holdings Ltd. has acquired a 45 percent stake in a luxury hotel in Vietnam. The company has announced it will pay HKD109.65 million (US$14.13...

Published April 11, 2016

Melco Strong, Despite Macau

Melco International Development Ltd., parent company of Melco Crown Entertainment, posted net revenues of $4 billion for 2015 in a March 31 filing to the Hong Kong Stock Exchange....

Published April 11, 2016

Neptune Proposes Consolidating Shares

Hong Kong-listed junket investor Neptune Group Ltd. has proposed a plan in which it would consolidate every 10 issued shares into one consolidated share. Approximately 460 million consolidated shares...

Published April 11, 2016

Macau Marches into Year 2 of Recession

Gross gaming revenue in Macau declined 16.3 percent year-on-year for the month of March, for the 22nd consecutive month of decline in the world’s No. 1 gaming jurisdiction. Bernstein...

Published April 11, 2016

Billion-Dollar Bust

A Chinese man accused of operating a $61.8 billion online casino has been arrested. The man, identified only as Zhou, has been on the run for two years. He...

Published April 11, 2016

Suspect in $81 Million Philippine Money Laundering Case Pleads Ignorance

Junket operator Kim Wong (l.), who has been described as a “missing link” in an $81 million money-laundering case in the Philippines, says he knew nothing about the illicit...

Published April 4, 2016

Macau Not Seeking Expanded IVS

The government of Macau has not requested an increase in visitor arrivals from Mainland China or any expansion of the Individual Visit Scheme policy, according to the city’s Chief...

Published April 4, 2016

Sihanoukville the New Gaming Hot Spot?

Salient Ventures, a subsidiary of SV International, has announced a sweeping plan to buy up land in and around the Cambodian port city of Sihanoukville in order to develop...

Published April 4, 2016

6 Firms Shortlisted in Laos

Six firms are in the running to acquire the Savan Vegas Hotel and Entertainment Complex (l.), a casino resort in Laos. The short list includes Iao Kun Group Holding...

Published April 4, 2016

Goa Boats Still in Mandovi

The Goa government is taking its time deciding where four casino cruise ships will be relocated. The four vessels, now anchored in the Mandovi River, were supposed to have...

Published April 4, 2016

“LiC.K.” Buys Pharaoh’s Palace

A buyer identified as “LiC.K.,” who has purchased Macau Legend Development’s Pharaoh’s Palace Casino (l.) in the MSAR, is actually Li Chi Keung, a shareholder who holds a 12...

Published April 4, 2016

218 Arrested in Macau Casino Scam

Law enforcement in Guangdong Province have intercepted an internet and telecommunications scam that resulted in the theft of RMB140 million (US$21.5 million). The thieves set up bogus casino websites...

Published April 4, 2016

Is the Japan Casino Bill Completely Dead?

Japanese media are reporting that a 30-member team in charge of Japan’s casino bill is about to be dissolved. If that’s true, it could mean the legislation supported by...

Published March 28, 2016

Volatility Continues in Macau

Gross gaming revenues for a recent week in Macau, extrapolated for the year, suggested a continuing decline in the 15 percent to 17 percent range. But asset management firm...

Published March 28, 2016