Adelson’s wallet takes a tumble on the Forbes list as his Macau casinos continue to bleed cash. A man who has made a $40 billion fortune from the gambling losses of others got a taste of his own medicine this past year. Sheldon Adelson of Las Vegas Sands remains the world’s wealthiest casino tycoon, but […]
Alex Nevsky January 24, 2014 15:12:07
In a country with few legal gambling opportunities, gamblers risk punishment and turn to underground card rooms. Police in Kaili city in China’s Guizhou province carried a high-profile raid on an illegal card room earlier this week. 100 people were arrested and roughly RMB 200,000 was confiscated. Each gambler has been order to pay an […]
Tom S. January 16, 2014 14:35:53
With restrictions on casino gambling, Hong Kong investors turn to the “Asian Las Vegas” to strike it rich on the new Forbes list. Forbes recently released its 2014 Asia Top 50 “rich list”, with investors in Macau casinos coming out resoundingly on top. Both cities are autonomous Chinese territories, but only Macau is a gambling […]
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