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Jay Chun

Jay Chun
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https://www.hk1180.com/
Jay Chun is the director of the Paradise Entertainment Group and Chairman of MGEMA.

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LATEST NEWS

Macau’s former satellite casino sites see steep valuation losses: Savills

Former Macau satellite casino sites face 30–60% valuation losses after closures, with gaming-dependent businesses seeing the steepest declines.

Australian financial watchdog orders audit of payments firm Airwallex

Australian financial watchdog orders external audit of Airwallex following AML/CTF concerns over transaction monitoring and reporting controls.

Ainsworth founder’s son extends takeover bid offer period to January 30th

Ainsworth Game Technology (AGT)’s founder and major shareholder Kjerulf David Hastings Ainsworth is opting to extend his off-market takeover bid until January 30th.

UNODC backs Cambodia’s online scam crackdown, urges global cooperation

The UNODC has praised Cambodia for its recent crackdown on online scams.

MGM Resorts bets on Asia growth as cash flow accelerates: CBRE

MGM Resorts International is sharpening its focus on Asia, with analysts highlighting Macau and Japan as key drivers of future growth and free cash flow.

Kangwon Land sees 30% drop in income for FY25 due to decrease in non-operating income

Kangwon Land has announced a 30.7 percent drop in net income for 2025, attributing the fall to ‘a decrease in non-operating income year-on-year’.

Kangwon Land revenue eyed to clear $1.67B Korea Coal debt

South Korea is weighing a plan to use 10 percent of Kangwon Land’s annual revenue over 20 years to repay Korea Coal’s $1.67 billion debt.

Chow Tai Fook sales jump as luxury jewellery demand recovers in mainland China, HK and Macau

Chinese consumer sentiment appears to be improving, with luxury jewellery giant Chow Tai Fook seeing a strong increase in sales in Macau, Hong Kong and China

Queues form outside China’s Cambodia embassy amid scam compound exits

Long queues formed outside China’s embassy in Cambodia as Chinese nationals sought help returning home after scam compounds were dismantled.

Former Japanese PM Shinzo Abe’s killer sentenced to life in prison

The killer of former Japanese Prime Minister Shinzo Abe has received a life sentence in prison for shooting the politician on July 8th, 2022.

Foreign visitors to Japan surpass 42 million in 2025, setting a new record

Japan flirts with overtourism after reaching a new record of 42.7 million visitors in 2025.

GKL 2025 net profit jumps 42.4% on overseas customer growth

Overseas customer growth pushed GKL’s net profit up 42.4% in 2025, with operating income rising more than 37%.

PAGCOR Chairman hails increased regulation in post-POGO era

PAGCOR Chairman Alejandro H. Tengco has hailed increased oversight of the online gaming sector, amongst a challenging regulatory environment.

Vietnam aims for 10% GDP growth over the next five years, supported by tourism

Vietnam is aiming for average GDP growth of about 10 percent over the next four years, aiming for “strategic autonomy”, “self-reliance” and “confidence”.

TransAct Technologies appoints Dana Loof as Chief Marketing Officer

TransAct Technologies, a global leader in software-driven technology and printing solutions, has announced the appointment of Dana Loof as Chief Marketing Officer.

Macau Legend claims Cape Verde casino handover ‘lacked any legitimate basis’

Macau Legend claims Cape Verde’s seizure of its unfinished Praia casino project lacked any legitimate basis and is now seeking legal advice.

Macau GGR growth to slow to 3-7% in 2026 amid limited capacity, weaker China consumption: S&P

Macau gaming growth is set to slow to 3–7% in 2026 as capacity constraints and weaker China consumption temper the post-pandemic rebound, S&P says.

Rare supercars linked to Prince Group to be auctioned in Taiwan

A collection of luxury supercars valued at approximately $27 million, seized from the scandal-ridden Prince Group, will be auctioned in Taipei.

South Korea’s GKL says Seoul casino plan remains ‘undetermined’

GKL denies making a firm decision on a Seoul casino resort, citing only early-stage feasibility preparations after media speculation.

Luxury travel retail changing in Macau/HK & Greater China as CTG buys DFS stores

The face of luxury travel retail in Macau, Hong Kong and Greater China is set to change, as China Tourism Group Duty Free has announced that it is planning to purchase DFS’ retail business in the country.

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