Location: China
China removes official after video games rules spark turmoil
China removed an official at a government body overseeing its press and publications regulator, five sources who were briefed on the matter... more
Suncity’s Alvin Chau pens open letter to China President Xi Jinping
Sentenced to 18 years in prison on charges of fraud, triad offences and illegal gambling, Alvin Chau – former chairman of collapsed Macau... more
Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange
Hong Kong real estate developer Far East Consortium International Ltd said this week it has received approval from the Hong Kong Stock... more
Despite Beijing’s crackdown, junket agents return to lure VIPs to Macao’s casinos
In the wake of Macao’s crackdown on casino junkets and the subsequent COVID-related travel restrictions, casinos are now... more
China online platforms scrap lucky draw features amid gambling crackdown
Chinese online content platforms including Tencent Music (1698.HK) and NetEase’s Cloud Music (9899.HK) have removed live streaming... more
China domestic tourism hit 119% of pre-COVID levels during May Golden Week but international travel still capacity constrained: Fitch
The number of domestic tourism trips taken by Chinese consumers reached 119% of 2019 levels during the recent May Day holiday, aided by... more
News from Japan and Macau highlights MGM earnings call
Although MGM Resorts International had a stellar first quarter in 2023, CEO Bill Hornbuckle started Monday’s earnings call with news about... more
Las Vegas Sands CEO: Singapore doing well, while Macau is “pleasant surprise”
The chairman and CEO of Las Vegas Sands Corp. said Wednesday that “business is back” in Macau as he announced a strong earnings report for... more
MGM China says 2022 loss reached US$666 million, no final dividend to be paid
MGM China reported overnight a group-wide loss of HK$5.23 billion (US$666 million) in 2022, widened from its HK$3.85 billion (US$490... more
Fitch upgrades China’s 2023 economic growth forecast to 5.2%
Fitch Ratings has issued a “significant upgrade” to its China growth forecast for 2023, with the ratings agency now expecting the economy... more
