Tag Archives: International Entertainment Corp
- Macau casino whale owes junket operators $450m
November 30, 2014
A Chinese coal magnate who loves gambling is said to owe Macau casino junket operators over $450m. Credit sources told Reuters that 49-year-old Lu Zhong Lou, whose Qinhe Energy Group struck it rich in China’s booming coal industry, owes junket operators as much as HKD 3.5b. Reuters says the value...
- IEC to acquire 70% of SunCity Group’s Macau junket operations
January 10, 2014
Macau’s casino junket industry is set for a major shakeup after Hong Kong-listed International Entertainment Corp (IEC) announced a deal to pay up to HKD 7.35b (US $948m) to acquire 70% of SunCity Gaming Promotion Co., the gambling arm of the SunCity Group. SunCity is one of Macau’s leading junket...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Execs to take on blockchain at iGaming Asia Congress 2017
March 21, 2017