Phyllis F. April 21, 2015 06:58:58
Considerable set back in earnings is hanging over the heads of Las Vegas casinos if money laundering operations are discovered. With several Macau-based casinos undergoing huge revenue losses, Las Vegas casinos better watch out too or they may get caught for harboring money launderers. Although the regulatory expense of conforming to an AML 101 is […]
Phyllis F. January 6, 2015 08:54:01
Following the plunge in revenues, Melco Crown may quit the HK stock exchange. The gambling enclave lost almost $100 billion of market value during the Chinese government’s clampdown on corruption. With revenues falling to 30.4% in December, 2013 ended badly for the gaming industry in Macau. This was the seventh month in a row where […]
Alex Nevsky March 5, 2014 16:23:45
Macau casinos are trying to break away from their long-term partners, junket companies, in order to maximize profits. It seems that all big Macau casinos are still going after the VIP buck, but they now try to pursue the high-rollers outside the junket systems. Let’s take a look at the history and understand the latest […]
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