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500.com Loss Widens Further on Europe Woes

China lottery service provider 500.com posted a widened net loss in the first quarter of 2019, reaching 93.2 million yuan (about US$14 million), due mainly to a fall in revenue.

500.com Posts Widened Loss in 2018

China lottery service provider 500.com on Thursday reported a widened net loss for the 2018 year period, totaling 453.9 million renminbi (about US$66 million), compared to a loss of 332.4 million renminbi (about US$48 million) in 2017.
US-China trade war

Fitch: US-China Trade War Likely to Flare Up Again in 2019

While the US-China trade war truce will ease external pressures on China’s economy, there remains a considerable risk for trade tensions to escalate again next year given a wide gap in negotiating positions, says Fitch Ratings.

Japan Becoming Mainland China’s Top Overseas Tourism Destination

During China’s early October Golden Week holiday, Japan overtook Thailand for the first time as mainland Chinese tourists’ top overseas destination.

China Uses Social Credit to Block Travel

China is reportedly preventing millions of its citizens from traveling if they have a low score under its newly introduced social credit system, according to news reports.

Shift in Geopolitics Poses Risk for Macau Operators

Systemic shifts in the long-term relationship between China and the United States are underway, with the two economic superpowers charting an increasingly divergent path, and the change in course may have major implications for Macau’s operators, according to a leading risk consultancy.

China’s Twitter to Restrict Access from Minors

China social media app Weibo has set a minimum age for users as part of efforts from Beijing to curb online app addiction and inappropriate content for minors.

Tencent Introduces Checks Aimed at Limiting Playtime of Minors

Chinese video game giant Tencent is rolling out new checks aimed at restricting underage players from its popular games.

Landing Chairman Reportedly Detained in Cambodia

Landing International Chairman Yang Zhihui has reportedly been detained at an airport in Cambodia, according to reports from Chinese media.

Wealthy Chinese People Aren’t Using WeChat Pay for Luxury Brands

Mainland Chinese tourists have been increasingly utilizing internet giant Tencent Holdings' WeChat Pay mobile payment system in Japan since September 2015, but according to a new survey by the Chinese media outlet Fortune, luxury brands would be better off finding other avenues to reach China’s most affluent consumers.

Trending Articles

City of Parañaque Grants Approval for New Landing IR

Landing International Development Ltd. has announced it has been granted approval from the city council for a new integrated resort in the City of Parañaque, Philippines.

Suncity Forms Japan Consortium, Eyes Local Gaming in Vietnam

Suncity Group, Macau’s leading junket operator, has formed a consortium in Japan to study a potential license bid there, executive director Andrew Ho said in an interview.

Lawrence Ho: Japan IR Revenues Unlikely to Reach Macau Levels

Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a 10 billion USD plus resort” in either the Kansai or Kanto regions of the country.

Macau MICE Participation Rises in 2018Q1

Macau’s 2018Q1 MICE statistics showed the gaming hub hosted few events, but the larger exhibitions and conferences drove total participation up by 31.5 percent.

Goa Tax Authorities Demand Service Tax on License Fee

The intelligence arm of Goa’s tax department has served notices to ten casinos in Goa, demanding they pay a service tax on their license fees, local media reports.