Archive

_2014-10-31
There will be no change to a policy that caps the compound annual growth rate in live gaming tables in Macau at 3 percent until 2022, local media rep

_2014-10-31
Crown Resorts is the underdog in the race for a license to redevelop the Queen’s Wharf in downtown Brisbane, Australia, into an integrated resort,

_2014-10-31
Vietnam is considering scrapping personal income tax on casino winnings, but will instead impose a higher special consumption tax on casinos, local m

_2014-10-31
The Macau Jockey Club, Macau Slot and Macau Yat Yuen Canidrome are throwing their weight behind the Macau Gaming show, which will run at the Venetian

_2014-10-31
China’s anti corruption drive will cause a sharp contraction in Singapore casinos’ VIP revenue this year, while longer term the island is facing

_2014-10-30
MGM Resorts reported an unexpected Q3 loss and revenue was below forecasts as U.S. operations underperformed, however the group’s Macau properties

_2014-10-30
Bloomberry Resorts, the owner of the Philippines’ Solaire Resorts & Casino, is considering a casino acquisition in South Korea. "Korea is just one

_2014-10-30
Australia’s Echo Entertainment said it expects a gain of between 23 percent to 31 percent in H1 EBITDA fuelled by local electronic gaming and inter

_2014-10-30
Macau Legend said Macau’s Gaming Inspection and Coordination Bureau has approved the addition of 35 more gaming tables. The board expects that the

_2014-10-30
Prominent hedge fund manager, Jim Chanos, said he expects a huge cut in estimates for Macau’s gambling operators, saying they are making the same m

_2014-10-30
Published in: Latest Intelligence Asia’s storied horse racing clubs, once the only legal means of gambling in many nations across the region, are taking steps to protect their revenue in the face of increasing competition, as casinos and other types...

_2014-10-30
Published in: Latest Intelligence Manila’s Entertainment City complex is set to get its second integrated resort by the end of the year, with the opening of Melco Crown Entertainment’s $1.4 billion City of Dreams Manila project seen as the start...

_2014-10-29
The China-backed ASF Consortium, which is seeking to build a $7.5 billion casino on Australia’s Gold Coast, will include a plan for a cruise ship t

_2014-10-29
Macau’s acute labor shortage is the main obstacle holding back tourism and more foreign labor is needed, Pansy Ho, co-chair of MGM China said at a

_2014-10-29
Macau’s Health Bureau has inspected VIP gaming areas at Melco Crown’s City of Dreams and Altira properties and found that they were being used as

_2014-10-29
Australia is set to announce a crackdown on the illegal overseas online gambling market, which is estimated to be worth as much as $1.5 billion ($1.3

_2014-10-29
Lawmakers in the Commonwealth of the Northern Marianas Islands will convene on Friday to decide whether to approve a land lease needed for Macau’s

_2014-10-29
Malaysia’s Berjaya Corp is seeking casino joint ventures in South Asia, looking for growth outside of its home country, Bloomberg cited founder Vin

_2014-10-28
Wynn Resorts Q3 earnings beat estimates and revenues were in line, despite a significant decline in VIP revenue in Macau. Net revenues for the quart

_2014-10-28
The two rival consortia competing for a license for a casino in downtown Brisbane said they have both lodged their detailed bids with the Queensland

_2014-10-23
Published in: Latest Intelligence A Filipino lawmaker has proposed charging an entry fee for locals as the country’s casino industry gears up for massive expansion, while Japanese politicians continue to work on their policy towards the local market,...

_2014-10-23
Published in: Latest Intelligence Kazakhstan is debating whether to introduce new regulations on bookmakers to bring greater clarity to the country’s expanding online sports betting market. The move is being considered amidst a boom in online gambling...

_2014-10-16
Published in: Latest Intelligence Growth in labor costs at Macau’s casinos is now outstripping gross gambling revenue and the situation is likely to get worse before it gets better, analysts say. Macau’s tight labor market, with unemployment running...

_2014-10-16
Published in: Latest Intelligence Singapore’s Remote Gambling Act is here – and far beyond the borders of the South-East Asian city-state, the gambling industry is weighing up the implications of one of the most far-reaching and restrictive remote...

_2014-10-09
Published in: Latest Intelligence Myanmar, which is emerging from decades of political and economic isolation, is the latest Asian nation to consider opening up its gambling industry to boost government revenue. The country is currently drafting a...

_2014-10-09
Published in: Latest Intelligence Asia’s cruise industry is expected to treble in size by 2020, with an onboard gambling component seen as a crucial offering to attract Chinese tourists. However, the new generation of Asian gambling cruises are likely...

_2014-10-09
Published in: Latest Intelligence After decades of economic and political isolation, the Myanmar government is seeking to boost tourism and attract foreign investment, with a law legalizing gambling potentially on the table. “We haven’t issued...

_2014-10-02
Published in: Latest Intelligence In the gaming world, the focus is often on North American-based companies entering the Asian marketplace. Often overlooked is the opportunity for Asian companies to enter North America Robert W. Stocker II Concern...

_2014-10-02
Published in: Latest Intelligence The looming Monday Oct. 6th deadline for Macau’s casinos to comply with new smoking regulations will be the culmination of months of disruption on the territory’s gaming floors. However, analysts say that disruption...