China

Gaming regulators in no mood to allow Imperial Pacific to walk away from financial obligations

Gaming regulators in no mood to allow Imperial Pacific to walk away from financial obligations

Imperial Pacific International Holdings Limited has repeatedly proclaimed that it is not in a position to fulfill its financial obligations, but the gaming regulators for the Commonwealth of Northern Mariana Islands (CNMI) are in no mood to allow the Chinese investment holding company to walk awa

Philippines government warns public not to patronize illegal online gambling operations

Philippines government warns public not to patronize illegal online gambling operations

Reminding its citizens that gambling on the internet is against the law, the Philippines government has warned that any kind of involvement in illegal online gambling operations would attract prosecution.

Macau Gambling King Stanley Ho passes away aged 98

Macau Gambling King Stanley Ho passes away aged 98

Stanley Ho, the godfather of Macau gambling who transformed the island from a remote place into the “Las Vegas of Asia,” passed away at age of 98.

Tensions between US and China may hurt Las Vegas’ Casino Revenue

Tensions between US and China may hurt Las Vegas’ Casino Revenue

Amid soaring tensions between the leaders of the United States and China due to trade war and COVID-19 pandemic, casino industry experts have warned that worsening relations between the two superpowers could severely hurt the entertainment and gaming business in Las Vegas.

Baidu Trims Sales Outlook for the Second Quarter, Shares Slip

Baidu Trims Sales Outlook for the Second Quarter, Shares Slip

Shares of Baidu dropped five percent during the after-hours trading to $154.99 following the cuts in the company's second-quarter revenue estimates.

China’s Factory Activities Suffer in May as Orders Drop

China’s Factory Activities Suffer in May as Orders Drop

In May, China's factory activities did not get any better with months of successive drops. On Wednesday a private survey revealed that new orders softened, leading to loss of hope for any recovery soon in the huge manufacturing sector of the country.

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