Casinos

After Chau’s departure from Suncity Group, days of Macau junkets seem to be numbered

With Alvin Chau’s official resignation from Hong Kong-listed Suncity Group, Macau’s VIP junket business has almost reached on the verge of its end as a junket operator. Just days after being taken into custody in Macau on allegations of conducting illegal cross-border gaming operations throughout China, Chau announced he would resign as chairman as well as executive director of Suncity Group. He officially resigned on December 1, 2021.

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Sands China Limited suffers $423M net loss in Q3 2021 due to travel restrictions

Sands China Limited, one of the largest casino operators in Chinese gambling hub of Macau, suffered a net loss of $423 million in the three months to the end of September (Q3) as business conditioned remained harsh due to turmoil caused by recurrence of Covid-19 health crisis.

MGM Northfield Park agrees to pay $15 million to Nordonia Hills City School District

MGM Northfield Park, a racino (racetrack plus casino) in Northfield area of Ohio, has announced that it will pay more than $15 million to Nordonia Hills City School District over a period of six years to settle a property tax dispute.

Laws in Ohio, a state in the Midwestern region of the U.S., allow public schools and other taxing authorities to contest values of assessed properties that have already been were determined by local officials. Nordonia Hills City School District used its powers to do the same.

Canadian company to build four Moon-shaped casinos, including one in Las Vegas

A Canadian company called Moon World Resorts Incorporated is reportedly planning to build moon-themed casino resorts with a “lunar surface” in Las Vegas and at several other locations around the globe. According to the New York Post, Moon World Resorts is planning to build moon-themed casinos in Las Vegas, Spain, China, Spain, and the Middle East. Canada-based Moon World Resorts is an architectural design & intellectual property licensing firm.

Chicago-based gambling ring’s alleged key player Todd Blanken avoids prison term

Todd Blanken, alleged mastermind of “multi-million dollar” Chicago-based gambling ring, has avoided prison time as a district sentenced the 44-year-old to just six months in a community center.

U.S. District Judge Virginia Kendall also allowed Blanken, a resident of Cary, Illinois, to work while staying in the community center. The judge also ordered him to remain on two years of probation.

Macau Gaming Inspection & Coordination Bureau to deploy more casino inspectors

The Macau Gaming Inspection & Coordination Bureau (DICJ) is reportedly going to increase the number of inspectors to regulate the gaming properties in the world’s richest casino hub. The Executive Council of Macau recently approved an amendment designed to allocate more funding to DICJ and improve its operational structure. The change will take effect in the near future.

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