Macau recovery yet to take shape as liquidity, China regulatory controls impact VIP sector – Inside Asian Gaming

Macaus leading junket operators have seen no increase in volume since border restrictions between Macau and Guangdong Province, according to industry analysts, with tightening controls on outbound capital flow from China and liquidity concerns heavily impacting the VIP sector. Authorities reinstated the Individual Visit Scheme (IVS) for residents of Zhuhai to visit Macau on 12…

Butcher-Turned-Gambling Billionaire Fights for His Casino Empire – Yahoo Finance Australia

(Bloomberg) — BillionaireJohann Grafhas never had to fight on so many fronts at the same time. The ordinary-mans gambling company, Novomatic, the 73-year-old Austrian butcher-turned-tycoon created four decades ago, is raking in smaller profits as the pandemic drives people away from slot machines in casinos from Las Vegas to Macau. His company is also battling…

Debt firm worker stole £380,000 to feed gambling addiction after bookmakers offered him free bets – Daily Mail

Debt firm worker stole 380,000 from his employers to feed gambling addiction after bookmakers offered him free bets and hospitality at Cheltenham races Glyn Rothwell, 36,stole money from debt management firm Harrington Brooks He used unwitting colleagues to ‘approve’ payments which went to his account Inquiries revealed 343 fraudulent transactions occurred between 2015 and 2019…