Casino news tagged with 'china'

After accumulating a massive gambling debt in Singapore, a Chinese tourist staged his own kidnapping to extort money from his relatives.

Read more » Chinese Tourist charged for Fake Kidnapping to Get out of Gambling Debt in Singapore

Macau casinos have finally reopened Saturday after almost a two-week shutdown was mandated in an effort to slow down and stop the spread of COVID-19.

Read more » Macau Casinos reopen at 50% Employee Attendance after Two-week Shutdown

Analysts expect that the GGR in Macau casinos would be badly affected, after a fresh outbreak of COVID-19 was recorded last week.

Read more » Latest Covid Outbreak threatens Macau casinos

Macau's gambling market could possibly face a fundamental realignment as the local government aims to move closer to legalizing the use of China's digital yuan in casinos.

On Tuesday April 14, Macau's Chief Executive Ho Iat Seng told the Legislative Assembly of plans to "study the feasibility of issuing a digital currency." The government of China's "special administrative region" wishes to boost its ability to deter tax dodgers, money launderers, and other criminal elements, including terrorists.

Read more » Macau Moves Closer to Legalizing Digital Yuan Use in Casinos

Macau casinos are getting ready for a flurry of visitors this upcoming Golden Week holiday, the first in its history that will occur amid a global pandemic.

Due to travel restrictions and safety precautions brought about by the COVID-19 situation during the first half of the year, many establishments including hotel-casinos in Macau have witnessed a dramatic drop in visitor bookings.

Things are going to look bright once again because soon these Macau casinos will receive an influx of visitors thanks to the annual Golden Week holiday.

Read more » Macau Hotel Casinos report High Bookings for Golden Week

This year, revenues from gambling in Macau declined every month, as a bleak result from the devastating effects of the worldwide novel coronavirus pandemic.

The figures showing the monthly gross gaming revenue (GGR) of Macau, according to the DICJ (Gaming Inspection and Coordination Bureau) are as follows: January revenue was down by 11.3%, February 87.8%, March 79.7%, April 96.8%, May 93.2%, and June 97%.

Read more » Macau Casino Revenue Down 97% in June

Macau, the world's biggest gambling hub, shall finally allow casinos to resume operations starting February 20, Thursday, after authorities slapped a two-week suspension due to the coronavirus outbreak. The suspension was to keep the virus in check, according to public broadcaster TDM.

Most of the government services that had been suspended since February started will also resume operations this week, and authorities are cautioning the residents to remain vigilant.

Read more » Macau Casinos to Reopen Thursday after Coronavirus Shutdown

Macau to close casinos for two weeks

The already weakened business of casino operators face the possibility of being forced to close for a longer period of time

The casino industry in the world's biggest gambling hub, Macau, has been asked by the government of Macau to shut down temporarily as Chinese authorities try to control the chaos brought about by the deadly coronavirus. The closure shall begin on February 5 and will last for 15 days.

Read more » Coronavirus Shuts Down Casinos in Macau, the World's Biggest Gambling Hub

China is drafting a proposal that will allow gambling on Hainan Island. If approved, this unprecedented move by the Chinese government will likely reshape the gaming territories in China and strip Macau of its status as the only territory in China where gambling is legal.

Read more » Chinese Government to Consider Ending Macau Casino Monopoly

Seven Chinese citizens were arrested in Macau, as they were accused of operating a sophisticated but lucrative illegal betting scheme which involved high-stakes baccarat and WeChat, the highly popular Chinese social messaging service.

Read more » Macau Betting Scheme using WeChat busted

On Friday, Chinese police have reportedly detained many representatives of Australian casino giant Crown Resorts Ltd and the real reason was not divulged as of yet. Shares in billionaire James Packer's Australian gaming and resorts company Crown Resorts fell by over 10% today following the arrest of 18 of its employees by the Chinese authorities, which included three Australian nationals. Crown's executive general manager of international VIP services Jason O'Connor has been verified as one of the detained Australians.

Read more » China Detains Crown Resorts Staff For ‘Gambling Crimes'