Macau introduced new casino regulations, but they are not as onerous as expected. However, China’s COVID policy could still be negatively influencing Macau’s industry. The industry currently sees less than half of the revenue it did pre-pandemic. MACAU – Macau’s casinos are looking like they’ll dodge what could have been potentially serious regulatory crackdowns in … Read more
Macau has shut down junket companies’ ability to offer loans to tourists. This is a blow to the junket tourism business, with unclear effects moving forward. This move comes in the wake of the arrest of junket tourism magnate Alvin Chau. MACAU – The conflict between the way in which Macau’s gambling economy is currently … Read more
Alvin Chau’s arrest has caused various knock-on effects even after his resignation. China is working with the government of Macau to resolve the situation and guide the process forward. Many seem to be pushing for Macau to diversify from its gambling and tourism oriented economy. MACAU – The arrest of Alvin Chau has sent shockwaves … Read more
Multiple arrests in Macau have caused consternation in the stock market. Alvin Chau, head of Suncity Group, is accused of cross-border gambling. Suncity is famous for organizing junket tourism for the purposes of gambling. MACAU – Multiple people have been arrested for alleged money laundering and cross-border gambling in Macau. Alvin Chau, a prominent gambling figure … Read more
Following new Chinese government restrictions, companies doing business in Macau suffer stock drops across the globe. Macau officials are consulting government officials regarding new restrictions and potential revisions to their gaming operations. LAS VEGAS – The Asian gaming hub of Macau recently announced that they will be tightening restrictions on gambling and operators within the … Read more
Chen Yuxi has -175 odds to win the Women’s Diving 10m Platform event. Yang Jian is the -135 betting favorite to win in the Men’s Diving 10m Platform competition. If each were to win, China would take home seven of the eight diving gold medals for Tokyo 2020. TOKYO – The 10m Diving Platform Event … Read more
Sun Yiwen won the gold medal in Women’s Individual Epee. Now, she looks to help the Chinese team win the Women’s Team Epee gold medal. On the men’s side, South Korea is a favorite to win the Men’s Team Sabre gold medal. TOKYO – The Olympics are full of intrigue this year, as teams battle … Read more
The United States was a favorite to win the most gold medals as well as the most total medals. Opening day of the Olympics was a disappointment, as the US failed to win any medals. China took four medals on opening day, three of them gold. TOKYO – The United States entered the Tokyo Olympics … Read more
China is a big time favorite to win the women’s synchronized 3m springboard diving event. They won both the 2019 FINA World Championship and the 2021 FINA World Cup. Their -350 odds seem steep, but it seems overwhelmingly unlikely that they lose. TOKYO – In the 3m springboard synchronized diving event, China is a big favorite, … Read more
The United States is favored to win more than 110.5 total medals. They accomplished this in 2016 and 2008, but otherwise it has been a rare feat. The USA is also favored to win more than 42.5 gold medals. TOKYO – The United States is expected to be one of the most dominant Olympic Teams … Read more