The Asian Poker Tour (APT) has shelved plans to incorporate a cryptocurrency element into the upcoming APT Macau Championships 2018 due to regulatory concerns. Continue reading “Asian Poker Tour drops Macau cryptocurrency plans”
Stanley Ho, known as the founding father of Macau’s gaming industry, will step down from his position as chairman and executive director of SJM Holdings after the company’s annual general meeting in June.
In a filing with the Hong Kong Stock Exchange, SJM said Ho will be appointed as chairman emeritus to acknowledge his contributions to the company. Continue reading “Stanley Ho steps down from SJM”
Galaxy Entertainment has bought a 3 percent stake in Wynn Resorts from the company’s founder Steve Wynn, calling the purchase a “unique investment opportunity.”
The Macau-based operator bought a total of 5.3 million shares at $175, resulting in gross proceeds of $927.5 million to Wynn. Continue reading “Galaxy buys Wynn Resorts stake”
The total number of licensed gaming promoters in Macau – also known as junkets – shrank by 13.5 percent over the past 12 months. Continue reading “Macau posts 13.5 pct decline in number of licensed junkets”
Business risk consultant Steve Vickers (pictured) says so-called cryptocurrencies, that can be used either to store value in cyberspace or access fiat currency via the conventional banking system, have the potential to dodge China’s efforts to stem capital outflow. Continue reading “Cryptocurrencies pose Macau casino risk: Vickers”
Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured), said on Thursday that the government would be keeping its cards close to its chest Continue reading “Macau govt conceals strategy re gaming licence renewals”
The group of Japanese casino mogul Kazuo Okada is apparently window shopping for publicly listed companies in the Philippines in preparation for its Philippine bourse debut. Continue reading “Okada Group in talks of acquiring PH-listed holding firm”
Macau’s six casino operators have agreed to work with the city’s Judiciary Police on how to cope with simulated “attack” on the city’s gaming sector.