Monthly Archives: September 2020

Szybilski Named Gun Lake Finance Director

Gun Lake Casino, operated by the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians near Wayland, Michigan, appointed Scott Szybilski director of finance in September. In his new position, Szybilski will contribute to financial strategies and play a strong role in decision-making for the company. He was chosen after a “thorough and in-depth application process,” announced Sal Semola,… Read more »

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Lim Leaves Genting Hong Kong Role

Lim Keong Hui, son of Genting Group Chairman Thay, has stepped down as executive director and deputy CEO of Genting Hong Kong. The global cruise ship operator is struggling to endure amid growing debts and the suspension of operations due to Covid-19. On August 28, Genting HK announced Lim’s resignation, in which he said he… Read more »

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Changes in Exec Responsibilities at Singapore’s MBS

Marina Bay Sands (MBS) announced in late August that it was making changes to its executive leadership team. According to a statement from the Las Vegas Sands Corp., which operates the Singapore property, Managing Director George Tanasijevich would focus on local and international expansion, concentrating on new development opportunities in the region as the parent’s… Read more »

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San Manuel Band of Mission Indians Appoints New CEO

The San Manuel Band of Mission Indians has appointed Laurens Vosloo as its new chief executive officer. Since joining San Manuel in 2014 as chief financial officer for San Manuel Casino, Vosloo has helped achieve both stability and economic growth for the tribe, said tribal leaders. In his new role, he will be responsible for… Read more »

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State lotteries exceed expectations in 2020

In previous months defined by economic hardship brought on by the global pandemic, the lottery industry has proven to be a beacon of light, with some state lotteries defying expectations and exhibiting record sales.Texas, Insider Buzz, Georgia, Arizona, Financials, Minnesota, Scratch Games, Kentucky, North Carolina, Sales, Online Ticket Sales, Multi-State Game, Medical

China’s gamblers send $146b/year to foreign operators

China’s gamblers send over $146b abroad each year, much of it through digital currencies, posing a threat to the nation’s security.

That’s the view of Liao Jinrong, an official at China’s Ministry of Public Security, who spoke Thursday at the Ninth China Payment and Settlement Forum in Beijing. In addition to the nation’s top cops, the Forum also featured contributions from the People’s Bank of China and the State Administration of Foreign Exchange.

Liao claimed that so-called ‘cross-border’ gambling resulted in the annual outflow of RMB1t (US$146.6b), much of it to gambling operators – both land-based and online – in the Philippines, Myanmar and other Asia-Pacific jurisdictions.

Chinese authorities have previously stated that such capital outflow represents a threat to Chinese economic security and have targeted online gambling payment processors with record fines in a bid to deter others from straying off the straight and narrow.