Tag Archives: kimren group
- Thief who stole $1.3b from Macau junket detained in Cambodia
October 12, 2016
The individual suspected of embezzling an estimated $1.3b of Macau casino junket investor funds has reportedly been detained after more than two years on the run. In April 2014, reports surfaced that the Kimren Group – which operated VIP gaming rooms at four Macau casinos – had been the victim...
- Is Macau’s casino junket business facing its ‘Lehman Brothers moment?’
July 11, 2014
Macau casino junket operator Iao Kun Group Holdings (IKGH) has warned that the raft of new casinos set to open on Cotai over the next few years will increase competition for VIP gamblers. The NASDAQ-listed IKGH made the statement in a filing with the Hong Kong Stock Exchange, where it...
- Macau casino junket shareholder absconds with $1.3b of investor funds
May 1, 2014
The apparent billion-dollar heist of a Macau casino junket operator has underscored the volatility surrounding Macau’s VIP gambling business. Huang Shan, a shareholder in the Kimren Group (aka Jin Lin) VIP gaming promoter, reportedly absconded with between HKD 8b and HKD 10b (US $1b-1.3b) of the company’s funds on April...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Execs to take on blockchain at iGaming Asia Congress 2017
March 21, 2017