Sheldon Adelson is getting ready to invest upwards of $10 billion on the construction of a Las Vegas Sand Corporation casino in Japan. The billionaire casino magnate and political activist is so confident of success in the Land of the Rising Sun that he's willing to lay down that $10 billion bet in cash. Adelson…
Lawmakers in the Philippines are questioning whether the Philippine Amusement and Gaming Corporation (PAGCOR) actually has the authority to license offshore facing casinos and sportbooks. Earlier this week, Sen. Francis Escudero wondered aloud whether that particular authority should rest with the Clark Economic Zone Authority (CEZA) and the Aurora Pacific Economic Zone and Freeport (APECO). …
How long will it be before Donald Trump's tough talk on China has a real impact on the worldwide gambling industry, specifically in areas controlled by China like Macau? It's a fascinating question that was examined in some depth in a recent, and fascinating, editorial titled, Las Vegas Sands in Danger as Trump Threatens War…
Philippines immigration authorities have begun the process of deporting more than 1,300 Chinese nationals arrested during a crackdown on illegal gambling operations. The Chinese were working for casino magnate Jack Lam when the arrests occurred. Lam, who has been targeted by Philippine President Rodrigo Duterte as part of his war on online gambling, escaped the…
Philippine gaming authorities are flexing their muscle and Asian gambling magnate Jack Lam is still on the lam; those are the latest headlines from the embattled Philippine gaming market. PAGCOR Makes a Stand The Philippine Amusement and Gaming Corporation (PAGCOR) has a message for the Philippine gambling industry: We regulate your operations, whether your players…
Jack Lam, one of the biggest names in the Asian casino junket buiness, has fled the Philippines after President Rodrigo Duterte issued an order for his arrest on bribery charges. Sources in the Philippine Government allege that Lam attempted to bribe Justice Secretary Vitaliano Aguirre and Philippine Amusement and Gaming Corp. chairperson Andrea Domingo during…
Early this week, the Chinese government expressed its concern over the Philippine government's detention of 1,200 Chinese nationals as part of its ongoing crackdown on online gambling. The detention could cause a serious strain in Duterte's efforts to improve relations with his country's massive neighbor. The international incident began last week when Philippines' law enforcement…
500.com is hoping that its recent acquisition of a Chinese social poker site will help quell investor worries by bringing the company some much-needed positive revenue. It's a big move that could be a life changer for the struggling sports lottery giant. Company officials announced the acquisition of a 51 percent share of Qufan Internet…
At least 60 people were arrested earlier this week when Philippine law enforcement agencies busted an illicit, Chinese-run online gambling operation. The dramatic raid is just the latest salvo in President Rodrigo Duterte's ongoing war on the online gambling industry. Representatives of the National Capital Region Police Office (NCRPO) charged through the doors at the…
Is North Korean dictator Kim Jong-un using illegal online gambling operations to fund his government to the tune of $1 billion (USD) annually? That's the allegation being made by researchers at the Korean National Police University. The researchers presented their findings at a recent conference in South Korea where they detailed Kim Jong-un's plan for turning…
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