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The Highs and Lows of China’s High Rollers

Al Jazeera’s Witness this week features a documentary about gambling addicts in Hong Kong. High/Low follows two Hong Kong locals who have lost money, pride, and the trust of loved ones around them.  Michael, an older man, lost...

In New Macau, Triads Keep the Peace

Benjamin Carlson recaps how the Chinese government reeled in the triad gangs and cleaned up post-colonial Macau, where one former criminal leader emerged from prison recently to find “a city utterly transformed.”...

Slower Growth Forecast for Macau

Fitch Ratings recently published a report on Macau’s 2012 revenue forecast, expressing concern at the possible slowdown of China’s economy: Fitch has revised its 2012 Macau revenue growth forecast to 10%-12% from...

China’s Secret Gambling Problem

From Telegraph: Ma Honggang was once a legend in the secretive, twilight world of China’s high-stakes gamblers. Moving from city to city, he spent countless nights around card tables in the smoke-filled apartments that act as...

Macau To Review Gambling Industry

From Wall Street Journal: Macau’s government met with the city’s six casino operators Monday and said it would review the size and growth of the industry, including potentially restricting the number of gambling...

Chinese Officials Gamble, and Their Luck Runs Out

From New York Times: As mayor of a small city in the Chinese hinterland, Li Weimin started out innocently enough, playing the slots in nearby Macao, games with names like Five Dragons, Chinese Kitchen and Super Happy Fortune...

China Officials ‘Lost Millions’

Officials in Guangzhou have been investigated and/or jailed for gambling away over $3 million in public funds. From BBC: Chinese media reports said more than 50 officials had been investigated and six had been jailed or...

From Boom to Gloom in China’s Gambling Mecca

The Washington Post reports how a changing economic climate is altering the environment in Macau: Four years ago, gamblers broke down the doors of the newest casinos to race for seats. Two years ago, Macau raked in $7 billion in...

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