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SJM Holdings, the Macau gaming operator owned by the family of legendary casino mogul Stanley Ho, posted a worse-than-expected net profit for the first half of the year as high rollers continue to shy away from the once-lucrative global gambling capital. Adjusted earnings before interest, taxes, depreciation and amortisation,...
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Hong Kong police confiscated more than HK$400 million in illegal soccer bets in a series of raids hours before the Euro 2016 semi-final between Wales and Portugal – more than three times the amount seized during the whole of the 2012 tournament. Nineteen people from five bookmaking rackets including...
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A Chinese soccer fan could barely watch as Portugal striker Cristiano Ronaldo lined up his penalty kick in the finely balanced Euro 2016 group match against Austria. The man identified by his surname Li, from the eastern city of Hangzhou, had every reason to be nervous: he had bet...
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Hong Kong police have confiscated about HK$130 million in betting records and arrested more than 50 people in a crackdown on illegal football gambling launched ahead of the Euro 2016 tournament. One of the bookmaking rackets, which had raked in orders of HK$31 million, was broken up on June...
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An undercover reporter has revealed details of an underground gambling den operating in Beijing where players can lose millions of yuan in card games, according to a newspaper report. The illegal gambling was carried out in an expensive apartment in the west of the capital near its third ring...
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Yet another blow to the city’s gambling junket industry Police in Macau are probing the theft of HK$99.7 million from a VIP gaming room at one of the city’s casinos. The company’s executive director Angela Leong On-kei reported the alleged theft from SJM Holdings’ L’Arc Macau casino to police...
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It took just six weeks for graft-busting Beijing authorities to show the city’s gambling kingpins that there is no such thing as a sure thing. They say that when it comes to casinos, the house always wins. But as Macau’s gaming behemoths digest the incredible events of the past...