Search Results for: alvin chau
Hong Kong’s Cheng family takes over Vietnam’s Hoiana Integrated Resort
July 24, 2023
Vietnam-based integrated resort Hoiana’s operations have been taken over by Hong Kong’s billionaire Cheng family; planned deve...
Baccarat dominates Macau’s gaming industry; responsible for 58.4% of all GGR in 2Q23
July 19, 2023
The favorite table casino game for both mass and VIP continues to be a hit in Macau; accounts for more than half of industry-wide ...
Manila Bay casino developer seeks P25-B loan from China Bank
June 14, 2023
MANILA -The developer of the Westside City integrated casino is seeking a P25-billion loan to bankroll the completion of the gamin...
Five Individuals Including Levo Chan Ordered to Pay Restitution to Casino Companies
April 26, 2023
After being found guilty of fraud, the former CEO of the junket operator Tak Chun Group was compelled to make restitution.
Levo...
Macau Sentences Tak Chun’s Ex-CEO Chan to 14 Years in Prison
April 24, 2023
Macau’s junket operators that used to make money from high-rollers grew exponentially in the last 10 years. Everything was going...
Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijing’s Ire
March 3, 2023
While the Chinese enclave’s casinos were full over the holidays, new regulations threaten a return to the boom of the past decad...
Following Chinese New Year, Macau Casinos Remain Busy as Gaming Recovery Continues
February 8, 2023
The previous month saw the strongest January for Macau casinos in three years. February hasn't been that bad thus far either.
T...
Casino mecca Macau gambles on becoming a global tourist attraction
January 10, 2023
Big Six operators will invest $15bn over 10 years, with more than 90% spent on non-gaming developments.
With its giant golden l...
Number of Licensed Junkets in Macau Continues to Decline
January 5, 2023
The number of licensed gaming junkets in Macau continues to decline. The activity that once raked millions has been subject to scr...
Macau casino stocks soar after new licences granted
November 29, 2022
Operators struggle to recover as Beijing’s strict pandemic rules curb tourism
Macau gaming stocks shot up on Monday after the...