Public Hearings Set For Qld Casino Probe

Macau imposed the shutdown last Monday, shuttering the city's economic engine - its casinos - and forbidding residents from leaving their apartments, except for essential activities such as grocery shopping.

"We've been focusing on improving our policies now over the last three or four years, once we realised there were some gaps in what we're doing that would apply in both areas, and committed to fixing those and addressing those which we've done over the last four years," he said.

Market leading growth stocks pulled all three major U.S.
stock indexes into negative territory, with risk-off sentiment exacerbated by Macao's first casino shutdown in over two years to curb the spread of COVID-19.

casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts plunged after Macau shuttered all casinos to contain its worst COVID outbreak since the health crisis began. (Reporting by Stephen Culp; additional reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)

In Queensland, Star owns and operates the Treasury Brisbane and The Star Gold Coast casinos, and is building a $3.6 billion Queen's Wharf resort development in Brisbane, which is expected to open in 2023.

NEW YORK, July 11 (Reuters) - U.S.
stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial economic data and the unofficial beginning to second-quarter earnings season.

HONG KONG, July 16 (Reuters) - Macau's government will extend a lockdown of casinos and other businesses until Friday, as authorities grapple to stop the spread of COVID-19 in the world's biggest gambling hub, according a statement on its website.

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

Former justice Robert Gotterson will investigate Star's commitment to anti-money laundering, its management of high rollers and the use of China UnionPay bank cards to facilitate gambling by Chinese nationals despite currency restrictions.
"Certainly we've obviously focused on remediation steps that we can do when we have any breaches or anything that occurs, and it's been a focus for us. I'm not aware of any fines," he told a parliamentary inquiry on Monday.

ation. The only city in China where casino gambling is permitted, Macau has seen its vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus -- including tough border controls, weeks-long quarantines and targeted

rence. Some public services and businesses such as supermarkets and pharmacies can stay open, but casinos -- which in normal times accounted for around 80 percent of government revenue -- will need to close th

The market currently expects that the central bank will raise the Fed funds futures rate by 75 basis points in its latest salvo against red-hot inflation, a tactic which some fear could tip an already cooling economy into recession.

"We´re hoping for a slowdown, which would put the Federal Reserve in a softer stance, but on the other hand, there are lots of reasons to believe inflation could stay high and the Fed will remain aggressive."

More than 20,000 people are in mandatory quarantine as the government adheres to China's zero-COVID policy, which aims to stamp out all outbreaks, running counter to a global trend of trying to coexist with the virus.

That inquiry is vetting proposed casino laws that would force operators to self-report legal breaches, expand the government's power to gather information about casino operations and impose penalties of up to $50 million for breaches.

gence. Last month Macau closed most of its businesses, ranging from bars to cinemas, as it adheres to China's zero-Covid strategy which seeks to stamp out the virus through lockdowns, strict border controls and mas

doors. Macau on Saturday reported 71 new Covid cases, bringing the total of infections to 1,374 since the latest wave began on June 18, low by global standards but the city follows mainland China's strict zero-Cov

k yet. If you have any queries about the place and how to use www.dunderdonworkwear.pl blog entry, you can call us at our own internet site. Macau will enter "static management" for a week starting July 11 and residents must stay home, with rulebreakers liable to be jailed for up to two years, top city official Andre Cheong said at a press c

When asked if he was confident activities and concerns raised in the NSW inquiry into Star had not occurred in Queensland, Mr Hogg said the company was working to improve its anti-money laundering policies.