#Macau-based

World Casino News

Increased Use of Mobile Phones and Gambling Market

Smartphones and other gadgets have reshaped the community during the last few years. Smartphone companies allowed downloading of various gambling apps from their app stores. This increased the amount of mobile gambling.
Mobile
Increased Use of Mobile Phones and Gambling Market
GGRAsia

40pct fewer Macau satellite casinos by Jan 1: govt

11 Macau satellite casinos will continue to operate under the new 10-year gaming concessions starting from January 1, 2023. This is a decrease of 38.9% from the 18 satellite casino that were in the market as of June-end this year. The information is based on the content of the the concession contracts published on Friday night. The satellite venues operate in Macao under a gaming licence of a Maca concessionaire. They usually promote themselves. Under Macua’s revised gaming law, they have three years to transition to a management-company arrangement.
Travel
40pct fewer Macau satellite casinos by Jan 1: govt
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Changing money could key Macau casino recovery Tuesday 10 January 2023 - 9:03 am Switching from Hong Kong dollars to Chinese renminbi could soothe official concerns over capital flight and smooth mainland visitors’ journeys, Muhammad Cohen writes. ...

Changing money could key Macau casino recovery
Tuesday 10 January 2023 - 9:03 am

Switching from Hong Kong dollars to Chinese renminbi could soothe official concerns over capital flight and smooth mainland visitors’ journeys, Muhammad Cohen writes.

...
Asia Casino News Asia Casino News 12 hr
@AsiaCasinoNews1

Macau visitor tally tops 318k in first 5 days of CNY break Read more here:

Macau visitor tally tops 318k in first 5 days of CNY break

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Asia Casino News Asia Casino News 17 days
@AsiaCasinoNews1

Casino mecca Macau gambles on becoming a global tourist attraction Read more here:

Casino mecca Macau gambles on becoming a global tourist attraction

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CLC

3 Most Luxurious Casinos in the World

Gambling is a tradition that dates back to the ancient world. The first casino was built in the 1600s in Venezia. Today, the casino and gambling industry is one of the entertainment industry's biggest and most successful subsections. Some of most luxurious casinos are still active today.
Industry
3 Most Luxurious Casinos in the World
Yogonet

The NSW Independent Casino Commission kickstarts activities; The Star's review report to go out this month

The new NSW Independent Casino Commission came into force on Monday. It will have unprecedented powers to monitor casino activities and act against operators who engage in misconduct. New laws make casinos liable for wrongdoing and they face fines of up to AUD 100 million. The commission's first task will be to consider the findings of the review into The Star casino and its suitability to hold a license. The minister for hospitality and racing Kevin Anderson will not rush the commission chief Philip Crawford to brief him on it. He will consider it in light of new retrospective casino laws. Several Star managers resigned during the Bell review. They included chief executive Matt Bekier, CFO Harry Theodore, chief legal and risk officer Paula Martin and Chief Casino Officer Greg Hawkins.
Gaming Authorities
The NSW Independent Casino Commission kickstarts activities; The Star's review report to go out this month
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GGRAsia

APE installs Jumbo’s ‘Long Yi Fa’ progressive link in Macau

APE arranged installation of gaming equipment from Jumbo Technology Co Ltd in one of the biggest casino resorts in Macau’s Cotai district. The products installed include Jumbo's D-27 slot cabinet with the “Long Yi Fa” progressive jackpot link. APE said the cabinet will be compliant with Macao‘s latest standards, known as the Electronic Gaming Machine Technical Standards version 2.0, in the near future.
Winnings
APE installs Jumbo’s ‘Long Yi Fa’ progressive link in Macau
Asgam

Asia Pioneer installs Jumbo’s Long Yi Fa progressive link on Cotai casino floor

Asia Pioneer Entertainment Holdings Ltd installed Jumbo's D-27 slot cabinet with Long Yi Fa progressive jackpot link on the gaming floor of one of Cotai's largest integrated resorts. Long Yi Fa games include Fortune Treasure and Golden Horse Treasure. The jackpots are linked to the games. Jumbos received GLI certification for Long yi fa and its games “Fortune Treasure” and ‘Golden Horse’. They can be triggered whenever ”Dragon Ball“ appears. Players can win the Grand Jackpot in multiple ways.
Winnings
Asia Pioneer installs Jumbo’s Long Yi Fa progressive link on Cotai casino floor
Gambling News

The Crown Sydney VIP Casino Finally Opens Doors

Crown Resorts is finally opening its VIP casino at its AUD 2.2 billion ($1.6 billion) integrated casino resort the Crown Sydney. The company faced delays in opening the casino due to investigations around it in multiple states in Australia.
Gaming Authorities
The Crown Sydney VIP Casino Finally Opens Doors
High Stakes

Banned Australian Gambler Who Lost $950,000 Sues Casino

Kim Huyen Tran Nguyen lost AU$950,000 at The Star casino in Sydney. She was banned for one year and cannot work there. The casino is still holding $2500 of her money. It has asked the court to dismiss the lawsuit and award them legal costs. The St has been embroiled in several controversial incidents in recent years. A highroller is suing the casino for more than $12 million in unpaid debts. Last year, a baccarat dealer was jailed for two years after cheating the Star out of about AUD$500,00.
Covid
Banned Australian Gambler Who Lost $950,000 Sues Casino
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Asgam

Dynamic Dash” at City of Dreams Macau and Mocha Clubs

APE has installed Konami's "All Aboard – Dynamic Dash" slot machine at City of Dreams Macau and Mocha Clubs. The game has already proven successful in the Australia and North America markets. It features four mixed amount bonuses and one SAP or link progressive Jackpot. APE believes the game will be favored by players and become successful. It is available on the DIMENSION 27 and D IMENSion 49F cabinets approved for the Macao market.
Winnings
Dynamic Dash” at City of Dreams Macau and Mocha Clubs
Yogonet

Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project

The International Union of Operating Engineers, Local 501, has sent a public record request to the Land and Urban Construction Bureau. The union is investigating the land transaction involving Genting Group and Ao Mio Leong. According to corporate filings, Mios is one of four director group for local real estate firm Easyway Investment Company Limited, which according to union, is linked to triads. In 2007, Gentings Hong Kong and GentING International acquired a 75% interest in a Macau-based entity called Treasure Island Entertainment Complex Limited. Treasure island owned a parcel of land on the Macao peninsula situated along Praca Ferreira do Amaral. Gentinh intended to develop a hotel on this land and enter into an agreement with SJM to operate a casino there.
Politics
Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project
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The Star Sydney Casino CCTV Footage Raises Concerns

The Star Sydney Casino CCTV footage from 2018 raises concerns about money laundering at the property. The junket operator SunCity was running its own private gaming salon at The Star, despite suspicions that it was laundering money. The casino's due diligence group manager Angus Buchanan had suspicions previously about the money launderers at this casino.
Sports
The Star Sydney Casino CCTV Footage Raises Concerns
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GGRAsia

LT Game unveils E-Baccarat table

LT Game Ltd has just launched its new E-Baccarat table. It combines a live dealer with electronic betting. The dealer deals the cards and is not required for placing bets or collecting winnings. LT Game has three E Baccarats tables in the Macau Jockey Club. The table allows for cash and vouchers to be automatically converted and stored.
Baccarat
LT Game unveils E-Baccarat table
GGRAsia

DEQ, LT Game partner to deliver EZ Baccarat in Asia

DEQ Systems Corp and LT Game announce a cross-border partnership to deliver EZ Baccarat on LT's Live Multi Game (LMG) systems worldwide. LT will also distribute the traditional live table game version of Ez Bacarat in Asia Pacific. EEZ is a baccararat game with over 7,000 player positions to date. It is available in Macau at MGM Macao and Wynn Macua casinos. It's also available on electronic terminals. There are 3,900 LMG terminals installed worldwide, 3 of which are in casinos in the Macaese.
Baccarat
DEQ, LT Game partner to deliver EZ Baccarat in Asia
Yogonet

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty. VIP gaming rooms, which made up about a third of Macau’s gaming revenues in 2019, have taken a big hit following the arrest last month of Alvin Chau, head of Suncity. Since the arrested, shares of Wynn Macao have plunged about 23%, Sands China has fallen about 13%, and MGM China dropped 20%. The future of the industry is in mass and premium mass recovery. It will imply controlling COVID-19. The pace of recovery in late 2021 and 2022 depends on COVI outbreaks and travel restrictions coming down.
Finance
Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty
Salamanca Press

Digitization Reshaped Ecommerce First, Now Moving to Online Gaming

Online gaming is on a growth stage. Playgon Games Inc. is a Software-as-a-Service (SaaS) technology company. Other companies jockeying for the end user, curating gaming and gambling services for consumers include Bally's Corporation, DraftKings Inc., Golden Nugget Online Gaming Inc, and Penn National Gaming. Global revenue in iGaming will grow at a CAGR of 11.94% from $75 billion in 2021 to reach $127.3 billion by 2027.
Industry
Asgam

Suncity’s Philippines subsidiary says Manila hotel-casino development unaffected by Alvin Chau arrest

Suntrust Home Developers Inc, 51% owned by Suncity, says development of its US$1 billion Manila hotel and casino project will continue as planned despite the arrest of Suntrust Chairman Alvin Chau this week. SunTrust has cash and cash equivalents of around Php7.7 billion (US$152.8 million) to support immediate construction and working capital requirements. Chau was arrested by Macau authorities on Saturday and sent to Coloane Prison to await trial on Monday for alleged criminal association, illegal gambling and money laundering.
Incidents
Suncity’s Philippines subsidiary says Manila hotel-casino development unaffected by Alvin Chau arrest
Radio Free Asia

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

Suncity's VIP rooms have been closed down following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering. The move will slash the number of Macau-based employees of Suncity Group by a third. Chau was arrested on Sunday amid an ongoing crackdown on gambling in mainland China. The National People's Congress approved an amendment to the law banning cross border gambling activities from March 1, 2021. Chinese authorities made 14 arrests in illegal gambling cases between January and September this year. Some contractors send up to 50 billion yuan a year to Macao to finance gambling.
Incidents
China arrests Macau casino chief in crackdown on cross-border gambling
Forbes

Macau Casino Stocks Shed $18 Billion In Value As China Moves To Tighten Gambling Rules

The secretary for economy and finance issued a notice on Tuesday announcing a 45-day public consultation period to iron out new regulations on the gambling industry. The proposed regulations include the process of issuing licenses, the duration of said licenses and the level of government oversight on industry, as well as an increase in the local shareholdings of the casino companies.
Finance
Macau Casino Stocks Shed $18 Billion In Value As China Moves To Tighten Gambling Rules
GGRAsia

Sands China says no links to online gaming site

Sands China Ltd distanced itself from a website offering "online gaming" that it says is exploiting the company's brands. The case was being investigated by the Public Security Department in Guangdong province. Guangzhou's Public security department urged its residents involved in "cross-border gambling crimes" to turn themselves in by April 30. China’s amended criminal code outlaws anyone assisting in “cross border gambling” from March 1 this year.
Industry
Sands China says no links to online gaming site