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President of Paraguay signs new slot machine restriction bill

Mario Abdo Benítez, the President of Paraguay, recently signed Law 6903, restricting slot machine gaming outside of gambling halls. Along with this restriction, the contract the country’s regulator Conajzar has with iCrop is now void. iCrop was the slot manager of Paraguay. Why the Slot Game Restrictions? With the new law, officials hope to prevent …

Wynn Macau Limited establishes $7.9 million junket defence fund

Twitter In Macau and casino operator Wynn Macau Limited has reportedly set aside approximately $7.9 million to defend itself against litigation that may be brought by former customers of local junket firm Dore Entertainment Company Limited. According to a report from GGRAsia, the Hong Kong-listed firm behind the 1,000-room Wynn Macau as well as the even larger …

SJM Holdings Limited liquidity position labelled ‘somewhat worrying’

Twitter American investment bank JPMorgan Chase and Company has reportedly labelled the liquidity situation of Macau casino operator SJM Holdings Limited as ‘somewhat worrying’ over concerns related to its ability to refinance amid the ongoing coronavirus-related slowdown. According to a report from Inside Asian Gaming, this intelligence from the New York-headquartered financial institution was part …