Hong Kong police have arrested 16 people who were running a VIP gambling den, which was believed to have been turning over as much as HK$10 million ($1.28 million) a day.
According to a report in the South Korean media, Lotte Tour Development is targeting a March opening for its new casino in the recently-opened Jeju Dream Tower.
The Gaming Inspection and Coordination Bureau (DICJ) says its deputy director Leong Man Ion will step down from Jan. 7th at his own request. He will return to his prior position as a DICJ senior technical advisor.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.