Audit giant Ernst & Young embroiled in a dark money storm? EY sued by former executives, accused of covering up for mafia-run casinos laundering money and suppressing whistleblowers.

One of the Big Four accounting firms, Ernst & Young (EY), has recently been embroiled in a major audit scandal. A former senior partner has officially filed a lawsuit in a U.S. federal court, accusing EY of condoning money laundering and fraud activities linked to a Macau gang-backed gambling group

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Is the surge in Macau's gambling revenue an illusion? CBRE warns: It all depends on the "blood transfusion" from the Chinese economy to survive.

Macau's gaming industry experienced a strong rebound in June, with gross gaming revenue (GGR) increasing by 19% year-over-year to 21.06 billion Macau patacas (approximately 2.61 billion US dollars), far exceeding market expectations. However, US investment firm CBRE Capital Advisors threw cold water

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The Lü Qiangguang family business empire expands again: possibly taking over Macau's "Louis XIII" casino hotel, entering the gambling industry for the first time.

In the history of China's private economic development, the rise of the Lü Qiangguang family can be described as a splendid business textbook. This family business, which started in a hardware workshop in Zhejiang, has transformed into a business empire spanning manufacturing, real estate, finance,

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Macau's Thirteen Hotel Ownership Change Controversy: The Lu Qiangguang Family Suspected of Taking Over, Redeploying Macau's Gambling Landscape

After a long silence, the Macau hotel once mocked as the "Ghost Town Hotel" has recently changed hands. Real estate consultant JLL confirmed that the project was sold for 600 million Hong Kong dollars, with the local Macau company "Chang Fu Investment Limited" taking over. According to Yabo Exchange

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Macau's Zhou Zhuohua Imprisonment Incident: The Collapse of a Gambling Empire

In December 2022, Macau gambling tycoon and founder of Suncity Group, Alvin Chau (nickname "Washing Rice Chau"), was sentenced to 18 years in prison by the Macau court for illegal gambling operations, money laundering, and involvement in organized crime. This verdict not only marks the judicial conc

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Macau's gambling total revenue declined for the first time in two years, marking the first decrease since 2022.

The Gaming Inspection and Coordination Bureau of Macau has submitted the statistical data for December, announcing the complete results for the entire year.This marks the first annual decline in total gaming revenue (GGR) in two years.In 2023, the gross gaming revenue was 18.6 billion Macau patacas

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