US$6 million chip thief at large after Wynn Macau heist GGRAsia · January 17, 2018 at 8:48 am Macau police confirmed on Wednesday that casino chips with a face value of nearly HKD47.9 million (US$6.1 million) were allegedly stolen from a Macau casino on Tuesday. The Judiciary Police did not identify the casino involved. But when GGRAsia approached Wynn Macau Ltd, following rumours on social media that it had been the victim of the heist, the company told us via email: “The matter is now … [Read more...]
Caesars appoints three-person Japan Advisory Committee G3 Newswire · January 16, 2018 at 10:58 pm Caesars Entertainment has established a three-person Japan Advisory Committee made up from respected executives from the US-Japan alliance. The Las Vegas-based operator has appointed former US Senate Majority Leader Tom Daschle, former US Trade Representative Charlene Barshefsky, and Kara Bue of Armitage International. Steven Tight, Caesars’ President of international development, said: “We … [Read more...]
VIP gaming revenues up 26.6 pct y-o-y to MOP150.67 bln in 2017 Nelson Moura, Macau News Agency · January 16, 2018 at 10:52 pm The Gaming Inspection and Co-ordination Bureau (DICJ) revealed this Thursday that VIP gaming revenues for the whole of 2017 – represented by VIP Baccarat – went up 26.6 per cent yearly to MOP150.67 billion. Meanwhile the Macau mass market results for last year went up 10.3 per cent yearly to MOP115.07 million. The last three months of 2017 saw VIP results increase 22 per cent to reach … [Read more...]
Big brands from banks to casinos unite to fight slavery in Asia Jared Ferrie, Reuters · January 16, 2018 at 10:50 pm From hotel chains to clothing brands, a group of companies in Asia is hoping that a corporate-backed movement to end modern slavery will succeed where activists have failed. The casino and hotel giant MGM China Holdings Ltd. recently signed the “business pledge against modern slavery”, an initiative of the Hong Kong-based non-profit, the Mekong Club. “We believe by taking a public stance we … [Read more...]
Punter left furious after Ladbrokes take £800 in ‘dormancy’ fees The Guardian · January 16, 2018 at 10:48 pm A punter who is barred from accessing an online betting account with Ladbrokes which was previously almost £1,300 in credit said on Tuesday that “feels like a robbery” to find that the bookie has taken £800 in monthly “dormancy” fees from his balance, while denying him the chance to either withdraw or bet with the money. The punter, who has disclosed details of the case to the Guardian, has … [Read more...]
“Driving the change from the top” and Great Women of Gaming Awards CDC Newswire · January 16, 2018 at 10:44 pm This year’s Global Gaming Women (“GGW”) ICE session will take place on Wednesday 7 February 2018 at 2pm in South Gallery Rooms 13 & 14. The event is being organised by Bahar Alaeddini, who sits on GGW’s Events Committee and Great Women of Gaming Committee, and is leading GGW’s initiative across Europe, and run in partnership with Clarion and its Diversity & Inclusion in Gaming … [Read more...]
Wynn, Sands, Other Casino Stocks Soar On Bullish Macau Gambling Forecast GILLIAN RICH, Investor's Business Daily · January 16, 2018 at 10:39 pm Gambling revenue in Macau could have its best gain since July, according to an analyst report, sending casino stocks higher. Bernstein expects January's year-over-year gross gambling revenue to rise 22% to 24%, suggesting the highest growth rate since July's 29.2% gain. Monthly revenue growth the Chinese special administrative region, the world's largest gaming market and the only place in … [Read more...]
XLMedia acquires a host of Finnish gambling sites Joe Streeter, SBC News · January 16, 2018 at 10:02 am Good Game Limited, which operates a network of Finnish online gambling information sites, has sold several of its popular sites to XLMedia for a total cash consideration of up to €15m. XLMedia will take control of a number of Good Game sites including Nettikasinot.com and Netticasinot.com. The deal, which is expected to close in the first quarter of the year, also includes underlying content … [Read more...]
Betradar to launch sports betting solutions for US market Craig Davies, SBCNews.com · January 15, 2018 at 10:37 pm Betradar has detailed plans to launch “a comprehensive range of tools and services” to companies looking to provide sports betting in a post PASPA United States. Acknowledging a variety of permutations could yet impact the landscape following the Supreme Court ruling, it was detailed that existing operators, in addition to new entrants, could benefit from the firm’s expertise in navigating … [Read more...]
William Hill considers exiting Australian market Asia Gaming Brief · January 15, 2018 at 10:35 pm British bookmaker William Hill is considering the sale of its Australia business, citing rising costs and mounting regulatory pressures, local media reports. The bookmaker said it had launched a strategic review of the business, which it admitted could include a sale of the business. “Given the credit betting ban in Australia and the likely introduction of a point of consumption tax in a number … [Read more...]
