#Chinese Communist Party

Casino Guru

Macau's gambling laws finally formalized

It has been a fraught period for casino concessionaires in Macau. The Special Administrative Region (SAR) surely did not make it very easy when it comes to whether everyone actually understands what is happening on the legislative side. First, it was said that junkets would go, and then - satellite casinos. But then, after a closer look at the…
Law
Macau's gambling laws finally formalized
Super Slots
VOA

Why Asian Gaming Hub Macao Is Getting Tougher on its Big Casinos

For many serious patrons of casinos, Chinese-ruled Macao has been the mecca of gaming, with high-end shopping and even higher-stakes tables. One of the world's biggest gambling centers before the COVID-19 closures, Macao is now experiencing tougher scrutiny on its casino scene as part of what analysts describe as an effort to control crime and…
Covid
Why Asian Gaming Hub Macao Is Getting Tougher on its Big Casinos
Real Money

Macau Casinos Finally Catch Break With New Rules

Macau's casino operators are breathing a sigh of relief, as the city outlines amendments to casino regulations that are far better than at first feared. It's a moment of respite after a horrible couple of years. The world's largest gambling hub will offer six casino concessions, the government announced on Friday, but will slash the concession…
Covid
Macau Casinos Finally Catch Break With New Rules
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Radio Free Asia

China arrests Macau casino chief in crackdown on cross-border gambling

Macau's Suncity casino operator has shut down its VIP rooms following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering, Reuters reported on Wednesday, as the ruling Chinese Communist Party (CCP) seeks to curb what it sees as a dangerous outflow of capital from mainland China. The move will slash the number of…
Incidents
China arrests Macau casino chief in crackdown on cross-border gambling
Casino News Daily

Continued litigation on US$12B claim against Las Vegas Sands in Macau

In an ongoing saga that would be of paramount interest to any aspiring screenwriter, a lead accountant for Las Vegas Sands recently told a court in Macau that the alleged value of a claim filed in 2019 and dating back to actions and decisions as far back as 2001 is "exaggerated" and unjustified from an accounting perspective. Taiwan businessman…
Travel
Continued litigation on US$12B claim against Las Vegas Sands in Macau
The Sydney Morning Herald

Star casino linked to organised crime, money laundering, foreign influence

Listed gaming giant Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years, even though its board was warned its anti-money-laundering controls were failing. Between 2014 and 2021, Star cultivated high-roller gamblers who are allegedly…
Incidents
Star casino linked to organised crime, money laundering, foreign influence
Real Money

Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews

Macau's casino stocks are at or near all-time lows after a savaging this week, but it isn't the time to be buying them just yet. You need to be an exceptionally brave speculator willing to play a little Chinese roulette. There's too much uncertainty to be able to derive any sensible value in these names. The spark for this latest selling is a…
Finance
Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews
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Casino Reports

Illegal Gambling Mastermind Supposedly Linked to Canada's Prime Minister

Prime Minister Justin Trudeau might be linked to an individual that is closely involved with the daily operation of a high-roller casino mansion near Toronto. York Regional Police recently arrested Wei Wei, a 52-year-old man who has allegedly been involved in the illegal gambling den's management. Prime Minister Trudeau avoided the questions…
Law
Illegal Gambling Mastermind Supposedly Linked to Canada's Prime Minister