Macau casino regulators look into allegations against Wynn Kelvin Chan, Associated Press · January 30, 2018 at 1:34 am HONG KONG (AP) - The China arm of Steve Wynn's casino empire said Tuesday it will comply with Macau regulators as they seek more information about sexual misconduct allegations against the Las Vegas billionaire. Wynn Macau Ltd. said it will "fully cooperate with any requests" from authorities in Macau, the company said in a statement to the Hong Kong stock exchange. Macau, a former … [Read more...]
Svenska Spel forced into search for new CEO G3 Newswire · January 29, 2018 at 9:39 pm Swedish state-owned gambling company Svenska Spel is looking for a new Chief Executive, following the resignation of Lennart Käll. He had served as Svenska Spel CEO since 2011 and leaves at a time when Sweden is about to regulate the online gaming market to open it up to international operators. The new Swedish Gambling framework which will replace the 1994 Lottery Act and the1999 Casino Act is … [Read more...]
Upcoming Casino Trends To Be Covered At ICE London Luke Haward, CDC Gaming Reports · January 29, 2018 at 9:36 pm ICE Totally Gaming 2018 will be up and running at ExCeL London from the 6th - 8th of February, and organisers are expecting more than 30,000 attendees and representatives from the full range of the gaming industry, including a notable presence from both online and land-based operators. We’ll see hundreds of product launches and tremendous networking opportunities across the three days. All … [Read more...]
Macau’s gaming regulator meets with Wynn Macau over allegations Asia Gaming Brief · January 29, 2018 at 9:33 pm Macau’s Gaming Inspection and Coordination Bureau (DICJ) has met with representatives of Wynn Macau to discuss the implications of sexual misconduct allegations leveled against the company’s Chairman and CEO Steve Wynn. The local gaming regulator confirmed the meeting via email on Monday, stating that it would ensure that key personnel and shareholders remained “suitable” to retain influence … [Read more...]
Wynn allegations could affect Japan IR bid, stock prices Asia Gaming Brief · January 29, 2018 at 9:32 pm The fallout from the Wall Street Journal article regarding Wynn Resorts’ founder and CEO Steve Wynn’s alleged pattern of sexual assault has already been serious. Wynn was forced to quit his position as US Republican Party National Committee finance chair, an investigation has been launched by the Massachusetts Gaming Commission, and the company’s stock prices were hammered on Monday. But does … [Read more...]
Gambling Commission proposes changes to licence conditions for operators interGame · January 29, 2018 at 9:25 pm The UK Gambling Commission is proposing changes to its licence conditions and codes of practice for operators relating to marketing and advertising. The UKGC stated that a plan to update its LCCP would make clearer “requirements that operators are fair and open with consumers”, including an imperative to comply with advertising codes. The proposals include also introducing a new requirement … [Read more...]
Chinese police to fight gambling Xinhua · January 29, 2018 at 4:30 pm BEIJING, Jan. 29 (Xinhua) -- Chinese police will crack down on gambling, targeting operators and the protective "umbrellas" behind the illegal activity, the Ministry of Public Security said Monday. Huang Ming, deputy minister of public security, said that gambling harmed the social atmosphere, bred crime and posed a direct threat to people's property security and social stability, at a national … [Read more...]
21Bet pays out on Wolves winning the league title Joe Streeter, SBC News · January 29, 2018 at 11:17 am Official betting partner of Wolverhampton Wanderers 21Bet are rewarding fans and ante-post punters by paying out all bets on Wolves winning the EFL Championship. At start of the Season Nuno Santos’ team were 12/1 to win the League and that price only shortened as Wolves got off to a flyer and built up a commanding lead at the top of the League. Punters latched onto this and plenty of bets came … [Read more...]
Macau’s casino junket operator ranks shrink for fifth straight year Steven Stradbrooke, Calvin Ayre.com · January 28, 2018 at 9:16 pm The ranks of Macau’s licensed casino junket operators underwent further contraction last year, but analysts believe the numbers will stabilize in 2018. Figures released this week by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show the number of licensed gaming promoters fell to 109 – 99 companies and 10 individuals – this month, a 13.5% decline from the 126 approved junkets in … [Read more...]
Bloomberry unit bids for Manila’s Solaire land GGR Asia · January 28, 2018 at 9:14 pm A subsidiary of casino operator Bloomberry Resorts Corp has submitted a bid to acquire two parcels of land in the country’s capital Manila where casino resort Solaire Resort and Casino stands. Bloomberry Resorts is the owner and operator of the Solaire property (pictured) in Manila “Sureste Properties Inc, a wholly owned subsidiary of Bloomberry Resorts Corp, submitted today a bid to purchase … [Read more...]
