Asia

Asian gambling investment firm Melcolot Ltd has announced that it is in advanced stages to proceed with its Georgia casino project. The firm had outlined to November 2014 that it coveted opening a casino in Tbilisi, and that management had started to discuss terms with local officials. The news of the advanced staged discussions with the Georgian government have been …

SG Gaming Group Managing Director Phil Horne explains why he and a number of his colleagues are joining the Responsible Gambling Trust‘s latest fund raising effort – a trek along the Great Wall of China. How many of you are going in the trek from SG Gaming and what are your goals? There are four people in total participating in …

New York listed Chinese sports lottery operator 500.com has been hit with multiple US investor class action federal suites over misrepresentation of its business practices and operations in the build up to its December 2013 IPO. A group of US law firms representing 500.com investors have filed a federal securities fraud class action against the operator. They claim that the …

Snooker’s biggest tournament, the World Championship, will be title-sponsored by Betfred for the next three years. The prestigious event will be known as the Betfred World Snooker Championship until at least 2017. This year’s tournament will run from April 18 to May 4 at the Crucible Theatre in Sheffield, with the top 16 seeds joined by 16 qualifiers to chase …

The Chinese Security Ministry has continued its hardened stance against corruption in Macau, by warning mainland officials and Chinese business leaders that they would be monitored if they visited Macau gambling enterprises. The hardened approach to Macau casino enterprises is part of President Xi Jinping’s wider ongoing effort to curve Chinese corruption through the ‘Tigers & Flies’ special taskforce. Xi …

Recording its first ever downturn as a gambling hub, Macau has seen a revenue decline of 2.6% to $44 billion (2014). After a decade of expansion, Macau is now the centre of the Chinese Security Ministry and President Xi Jinping ongoing fight against corruption. The city’s misfortune however has proved to be beneficial to other Asian casino operators, who have …

Webis Holdings has announced the closure of betinternet.com, following a review of operations by the company board. The Webis brand had been impacted by higher tax charges and jurisdictions blocks which had affected its revenues. The webis board said discussion with several interested parties had not lead to any firm offers for the operation which will close for business on …

The share price of Chinese New York listed sports lottery operator 500.com, fell to a 12 month low ($9.50) following the announcement that a number of Chinese provincial lottery sales hubs would temporary suspend sales of lottery products. The decision by the sanctioned provincial hubs to suspend sales follows the Chinese Ministry of Finance calls for self-regulation of unauthorised lotter …

The popularity of the ICC Cricket World Cup, has seen a rise in virtual betting sites targeting cricket mad Indian consumers, reports the Indian Economic Times. Whilst all forms of online sports betting remain illegal in India, Virtual sports betting sites which offer prizes and pooled jackpots offer Indian sports enthusiasts an alternative. The rising popularity of these sites has …

The first ever China Equine Cultural Festival Singapore Cup (CECF Singapore Cup) was held this weekend at the Kranji Racecourse. The Sg$3.05 million ($2.44 million) nine horse race was won by US-based Parranda, ridden by Belgian rider Christophe Soumillon. The event hosted by China Horse Club was deemed a great success, as a total of 12,000 people attended the inaugural …