Tag: Macau

DeClub Macau Wants to Launch First Blockchain Casino

October 23, 2018

Blockchain technology is slowly creeping its way into the online casino world, and now land-based venues want in on the action. This week, DeClub, a casino management company in Macau, has announced its plans to launch the first-ever blockchain casino network. A company called Wide Rich Global is making plans to team up with DeClub, acquiring the company using the funds generated by an initial coin offering (ICO). Together, the two companies will be able to bring the worlds of online and land-based gambling together using blockchain technology. The idea behind the plan is to create a utility token that… Read More

Macau’s Police Cast a Loan-Sharking Net

Macau
June 30, 2018

Macau’s target audience has changed since the Chinese government started their crackdown. Casinos are targeting mass market gamblers instead of VIPs. But, the crackdown is far from over. Loan sharks throughout Asia, including in Macau tend to imprison debtors until their family will pay. Macau is attempting to root out all the loan sharks conducting illegal business and put them in prison. The latest situation occurred on Thursday, June 28, 2018. Police arrested 113 suspects, who are thought to be involved in loan-sharking. The Judiciary Police have worked hard in Macau to find the individuals who are involved in loan-sharking…. Read More

Government Pension Plan Offered to Macau Casinos

Macau Casinos
June 5, 2018

First buses, and now government pension plan schemes to help make Macau a better place overall. The busses are for the mass tourists that continue to flock to the gambling mecca. The pension plans would be for employees. Macau operators are being urged to take part in the government pension scheme. The pension plan idea is not mandatory. It is a voluntary option that is run by the government for other companies like casinos. Labor representatives in the gambling industry feel the six operators should help protect workers and provide more pension options. There are those who believe casinos not… Read More

Macau’s VIP Gaming Sector Is in for a Bumpy Ride

Macau Gaming
January 16, 2018

Macau’s famous VIP gaming sector has been forecasted to decelerate in the second half of the year. Although Macau’s VIP gaming sector actually performed much better than expected in 2017, Bernstein, a well-known brokerage, has predicted that there will be big changes in 2018 because of what they’ve described as ‘structural headwinds’. Reasons for the Forecasted Deceleration in 2018 There have been numerous issues predicted for 2018 that will affect the VIP gaming sector in Macau. These issues are not all speculation; some of them have been confirmed to be introduced such as: Property cooling measures instituted by the Chinese… Read More