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Chinese Public Security Minister Pledges Crackdown on Cross-border Online Gambling

Niji Narayan

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Chinese Public Security Minister Pledges Crackdown on Cross-border Online Gambling
Photo Source: csoonline.com
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Zhao Kezhi, the Public Security Minister of China, has pledged to resolutely crack down on cross-border online gambling according to the law. Zhao made the remarks at a meeting to deploy forces to bust those involved in illegal gambling.

He said that the police will bust a series of major criminal cases that organise outbound gambling and use the Internet to open casinos, and bust networks of criminal organisations involved in recruiting gamblers from China by overseas casinos and using the Internet to open casinos in China.

He also said that the police will also crack down on “underground banks” and online payment platforms that provide a financial settlement for cross-border online gambling and other crimes, and wipe out domestic network operators and companies that provide technical support for such crimes.

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Asia

Donaco Reopens DNA Star Vegas

Niji Narayan

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Donaco Reopens DNA Star Vegas
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Donaco International has reopened DNA Star Vegas with limited operations on September 25.

Donaco does not expect any material additional expenses to be incurred following the limited reopening of the casino as the border with Thailand, where most of the casino’s patrons have traditionally originated, remains closed.

The company will continue to maintain its tight cost control strategy, while operations remain at limited operating capacity – and management will maintain the discretion to tailor up or down the pace of operations to local conditions.

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Asia

Macau Lawmaker Jose Maria Pereira Coutinho Calls for Legalisation of Online Gambling

Niji Narayan

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Macau Lawmaker Jose Maria Pereira Coutinho Calls for Legalisation of Online Gambling
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Macau lawmaker Jose Maria Pereira Coutinho has urged the enclave government to legalise online gambling in order to help overcome the economic challenges brought about by the COVID-19 pandemic.

“Macau should introduce interactive gaming. The Macau SAR government should establish official standards and regulations on interactive gaming, and develop interactive gaming software together, in order to increase revenue from gaming tax and to further develop gaming industries,” Coutinho said.

Gross gaming revenue in Macau is down 81.6% January through August, casino win totalling roughly $4.5 billion. The six licensed casino operators in the Chinese Special Administrative Region won approximately $24.8 billion during the same eight months in 2019.

Taxes from casino gambling account for nearly 90% of Macau’s government revenue. With the money plummeting due to the coronavirus, and the enclave largely isolating itself from the rest of the world, including the mainland, Coutinho believes taking casinos online is a viable remedy.

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Asia

IEC Secures Casino Licence in Manila

Niji Narayan

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IEC Secures Casino Licence in Manila
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Hong Kong-based International Entertainment Corporation (IEC) has obtained a provisional licence to operate a casino in Manila.

In June the firm, which operates New World Manila Bay Hotel and Casino through its subsidiary Marina Square Properties (MSPI), said it planned to redevelop an unnamed existing hotel to create a new integrated resort (IR) in the capital.

In a filing on Friday, it confirmed it has received a letter from the Philippine Amusement and Gaming Corp (PAGCOR) conditionally approving the issuance of a provisional licence.

The firm said: “MSPI and PAGCOR will further negotiate for the terms of the provisional licence agreement to be entered into between PAGCOR and MSPI in relation to the grant of the provisional licence.

“As and when there is further development in relation to the provisional licence agreement, the company will comply with all relevant requirements, and where necessary, make further announcements in accordance with the Listing Rules as and when appropriate.”

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