With casinos shut for two weeks in Macau, the world’s second biggest casino hub, revenues from gambling in Macau have plunged by 87.8% in February in comparison to the previous year as authorities imposed a series of measures to keep… Read More ›
gambling
Uk-based Playtech acquires 70.6% stake Snaitech for $1.05 billion
In a strategic shift the UK-based gambling company is aiming to relocate the sources of its revenues from regulated markets in the wake of increased headwinds from lawmakers in its home market. On Thursday, Playtech, a British gambling technology company… Read More ›
Casino resorts are likely to attract big money in Japan
The global gambling industry’s focus is now on Japan where its potential is skyhigh. Among the forerunning in the race to win gambling licenses are U.S. operators MGM Resorts International and Las Vegas Sands Corp. Melco Resorts & Entertainment Ltd… Read More ›
Fake online stores exploit loopholes in banking system to process illegal banking transactions
This shadow banking system is used to launder billions of dollars. Here is how it functions. An examination by Reuters has opened a can of worms: a network of dummy online stores selling household goods have been used as a… Read More ›
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