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Government Pension Plan Offered to 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

Success Universe Group Increases Gambling Stake

June 2, 2018

With casinos raking it in, there is no reason why others wouldn’t want to join in the earnings. One investor is increasing his stake in Success Universe Group. In a Hong Kong Stock Exchange filing, Success Universe Group announced that Sonny Yeung Hoi Sing, the chairman, and executive director, increased his stake in the company. He will increase his shares from 52.10 percent to 71.52 percent. The new investment rose 19.42 percent. Yeung is buying the shares through Silver Rich Macau. The purchase of shares provides him control over 3.52 billion SUG shares. The announcement is linked to a deal… Read More

Government Grants New Anti-Gambling Addiction Law in Japan

May 29, 2018

The Japanese Diet has taken the rise in problem gambling extremely seriously, this past weekend a new law was swiftly approved in the first chamber of the Japanese Diet. The timing of the new act, which will aid individuals who have been identified as having negative gambling tendencies, has come into the limelight at just the right time. The Liberal Democratic Party or LDP has positioned the Integrated Resorts (IR) Implementation Bill as a number one priority on the to-do list for the next government session. Putting Differences Aside It was recently reported that the three major parties within Japan,… Read More

Austrian Based Poker Player, Tankaza Wins $1.1M

May 26, 2018

The Spring Championship of Online Poker Main event, Tankaza, an Italian residing in Austria won a historical payout of $1.1m. He was one of the 5 finalists based in Austria. The win was a game of chance strategy where the winner refused a heads-up deal from Julien Stuer that handed him the victory. The buy-in for the game was $10,300. This is not the first of Tankaza’s wins; he was the best in last year’s World Championship of Online Poker (WCOOP). To win the championship, he had been awarded a Platinum Pass. But was it not for Julien Stuer, things… Read More