Malaysia’s anti-graft agency has revealed that Jho Low, the Malaysian financier wanted for his role in the multi-billion-dollar 1MDB scandal, is currently hiding in Macau. The financier, whose full name is Low Taek Jho, has been a fugitive since 2015 when investigations into the theft of billions of dollars from Malaysia’s sovereign wealth fund 1MDB…
Biden Administration Extends China Chip Curbs to Macau
Concerned over high-end chips and chip manufacturing equipment falling into the hands of Beijing through Macau, the Biden Administration has extended its strict chip export restrictions to Macau. In October 2022, The U.S. government announced the strictest chip export restrictions on China. On Jan. 17, the Biden administration further imposed the same export restrictions on…
Hong Kong Man with Asperger’s Syndrome Refused Entry to Macau for Remarks on Public Affairs
Tsang Hing-kwong, a Hong Kong citizen diagnosed with Asperger’s syndrome, was unexpectedly held for questioning on arrival in Macau on Jan. 11. He was accused of “seditious (online) remarks” and was deported the same evening. Tsang recounted the incident in a Facebook post on the afternoon of Jan. 13. he recalled taking the ferry from…
Statistics on China’s Amazing Population Density
According to Chinese public data, some 21 cities in China now have a population density of more than 1,000 people per square kilometer (0.386 square miles). Six cities are in Guangdong Province. Among them, Shenzhen is the most crowded city, with over 7,000 people per square kilometer. The 10 cities with the highest population density…
Macao to Extend City Lockdown, Casino Closure Until Friday
HONG KONG—Macao’s government will extend a lockdown of casinos and other businesses until Friday, as authorities grapple to stop the spread of COVID-19 in the world’s biggest gambling hub, according a statement on its website. The lockdown in the Chinese special administrative region had been due to end on Monday. Macao imposed the shutdown last…
Macau Casinos on One Week Shutdown to Solve Coronavirus Outbreak, Stocks Dive
Due to the recent growing numbers of COVID-19 infections in Macau, the Macau government announced on July 10, that all operations of businesses and places with industrial and commercial activities will be suspended from midnight July 11 until July 18. Only essential businesses and places such as supermarkets and pharmacies would be allowed to remain…
Macau Shuts Most Businesses Amid COVID-19 Outbreak, Casinos Stay Open
June 20, 2022
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Business & MarketsBusinesses in COVID-19CasinosCCP VirusChinaChina Business & EconomyCOVID-19economyINSIDE CHINAlockdownMacauoutbreakSpecial Topics
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HONG KONG—The world’s biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open. The testing of Macau’s roughly 600,000 residents is expected to end on Tuesday as the Chinese-ruled former Portuguese colony…
Macau’s Casinos Pin Hopes on Everyday Gamblers After Junket Shutdowns
HONG KONG—Macau’s casinos face a bleak short-term outlook after shutting most of their lucrative gaming rooms that cater to wealthy gamblers, and along with that, the COVID-19 travel restrictions preventing the shift to mass-market customers that they will depend on in the future. The former Portuguese colony, that is the world’s biggest gambling hub in…
Arrest of Macau’s ‘Junket King’ Tests Chinese Extradition
News Analysis The recent arrest of Alvin Chau, CEO of Suncity Group, the world’s largest junket operator in Macau, raised the question of whether he’ll be sent back to China, a move that experts believe lacks legality and imposes a challenge to the “One Country, Two Systems” in Macau. On Nov. 27, Macau’s judiciary police…
Macau Casino Tycoon’s Arrest Signals More Infighting Among China’s Political Elite: Expert
December 10, 2021
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Business & EconomyCCPCCP infightingChinaChina Business & EconomyChinese RegimeMacaumacau casinosmacau economy
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The arrest of a casino mogul is sending shockwaves through China’s political ecosystem. The event might foreshadow Chinese leader Xi Jinping’s new political storm targeting his opponents, according to a China expert in exile. Police detained Macau-based casino tycoon Alvin Chau, whose gambling business generates more than $157 billion annually, along with his 10 followers…
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