Home 

Macau extends gambling licenses for SJM and MGM China until 2022 to synchronise expiry date of all six casino concessions

Macau’s government has extended the gambling licenses of SJM Holdings and MGM China Holdings by two years, putting them on equal footing with four other casino concessionaires that operate in the world’s largest gaming hub.The concessions of SJM and MGM China will expire on June 26, 2022, the same as Sands China, Wynn Macau, Galaxy Entertainment Group and Melco Resorts & Entertainment Limited. SJM and MGM China will have to pay 200 million patacas (US$24.7 million) each for the extension.The… Source link

Read More
Singapore 

Man jailed 4 years, fined $34 million for dealing with largest amount of contraband cigarettes to date, Singapore News

SINGAPORE – A recalcitrant offender was sentenced on Friday (Feb 1) to four years’ jail with a whopping fine of $34 million for dealing with the largest amount of contraband cigarettes in Singapore to date. Singaporean Ng Ghim Hong, 32, who dealt with more than 2,700kg of duty-unpaid cigarettes, will have to spend an additional two years and four months behind bars if he is unable to pay the fine. The court heard that he was convicted of a similar offence in 2009 for dealing in more than 1,000kg of…

Read More
Home 

China’s top movie ticketing app Maoyan extends IPO date, names Xiaomi as cornerstone investor

Maoyan Entertainment, China’s largest movie ticketing app backed by Tencent and Meituan, has extended its IPO subscription period and put off its listing date to February 4. It also named three new cornerstone investors, including a US$2.6 million of investment from Xiaomi. The Beijing-based company, with Tencent Holdings as its second-biggest shareholder, will extend its IPO book close date to “on or about January 25” from the original date of January 24, after which it will stop taking orders from international institutional investors, according to a renewed term sheet obtained…

Read More