Saipan casino operator Imperial Pacific International Holdings (IPI) saw its profits fall more than one-third in 2017 despite revenue more than doubling year-on-year. On Thursday, IPI informed the Hong Kong Stock Exchange that its net revenue hit HK$8.15b (US$1.04b) in calendar 2017, just over twice the sum generated in 2016. Gross profit more than doubled…
Gambling company The Star Entertainment Group will raise $490 million from its Hong Kong-based partners as part of a tie-up that will reduce its exposure to the cost of new casinos and hotels and allow a dividend boost to investors. The company said on Thursday that leisure conglomerate Chow Tai Fook and developers Far East…
Cosimo Commisso in 1981. File Share Adjust Comment Print TORONTO A well-connected Toronto mobster who had secretly been working with police to penetrate the citys powerful Mafia clans knew his time as a double agent was running out when a man he considers one of the most powerful mob bosses threatened him. Carmine Guido had…
Cosimo Commisso in 1981. File Share Adjust Comment Print TORONTO A well-connected Toronto mobster who had secretly been working with police to penetrate the citys powerful Mafia clans knew his time as a double agent was running out when a man he considers one of the most powerful mob bosses threatened him. Carmine Guido had…
There is not a lot of subtlety in the games they design for fixed-odds betting terminals (FOBTs). In one, Goddess of the Amazon, badly rendered illustrations of big-breasted women in leather underwear point you towards slot machines you literally have to tap on their crotch to spin the wheel. In another, Rainbow Riches, a leprechaun…
Image copyright PA The Gambling Commission is considering banning the use of credit cards in online betting. The regulator’s report into how to make online gambling safer said consumers “should not gamble with money that they do not have”. Betting operators have suggested credit cards are used for between 10% and 20% of deposits online.…
MEN have more secret debt hidden from their partners than women and Queensland has the second highest rate of sneaky spending in the country. But Relationships Australia has warned if youre keeping secrets in your relationship there could be more wrong than an inability to control your spending. Research compiled by finder.com.au revealed around 31…
The Gambling Commission is considering banning people from using their credit cards to place bets. The regulator on Monday said gambling on credit cards increases the risk that consumers will gamble more than they can afford and it would consider prohibiting or restricting the use of credit cards in order to protect gamblers from racking…
Allan Endresz is the face of business nightmare. In two decades of evading pursuit by government regulators, the disgraced share trader has found a way to ensure he never has to pay his debts to anybody. In the epic saga Endresz was telling his Cook Islands bank that he secretly owned $50 million in stock…
The anguish on Michael Harriss face said it all. The British-born roofer broke down this week when he appeared as a witness at the banking royal commission. In between deep breaths, Harris told commissioner Kenneth Hayne how he had amassed a $35,000 credit card debt with the Commonwealth Bank, and how his attempts to get…