Archive

_2014-08-31
Fernando Chui has been re-elected as chief executive of Macau for a second term by a select panel of 400 largely pro-China loyalists, media reports.Th

_2014-08-29
About 1,000 casino workers at the Grand Lisboa complex owned by SJM Holdings took industrial action for the first time on Saturday in a push for high

_2014-08-29
Paradise Entertainment reported that its first-half profit gained 11.2 percent, helped by growth in revenue from casino services and said it’s eyei

_2014-08-29
Hong Kong-listed Imperial Pacific International Holdings said its first-half loss ballooned on startup costs from its casino business on Saipan islan

_2014-08-29
Sands China officially opened its expanded Shoppes at Cotai Central on Friday, boosting the size of the mall by 70 percent and raising the total reta

_2014-08-29
Las Vegas Sands Corp. said it has completed an amendment and restatement of its Marina Bay Sands Credit Facility, pushing out maturities to the end o

_2014-08-29
Galaxy Entertainment has warned that its hotel and resort brands are being exploited by illegal and unauthorized online gambling sites and warned the

_2014-08-29
Macau’s August gross gambling revenue is likely to have fallen between 2 and 6 percent and may remain soft as construction on casino floors to comp

_2014-08-29
Vietnam’s government needs to do more to attract major foreign investors into its casino sector and a current draft bill being considered is unlike

_2014-08-28
Hong Kong listed Melco International Development Ltd reported an increase of 57.3 percent for the first half of 2014 of HK$907.6 million ($117.11 mil

_2014-08-28
Malaysian conglomerate Genting Bhd said Q2 pre-tax profit dropped 24 percent because of lower EBITDA at its leisure and hospitality businesses in Mala

_2014-08-28
China Star Entertainment said its first-half profit surged 86 percent as impairment losses and share-based payment expenses posted in the year-ago per

_2014-08-28
Lasseters said it’s continuing to work with an advisor to seek investors in order to be able to resume operations and lift a share trading suspensio

_2014-08-28
The Aquis Great Barrier Reef Resort has the backing of the local community with almost 72 percent saying they believe the $8.1 billion ($7.6 billion)

_2014-08-28
A key professor who helped lawmakers draft a casino bill in Japan said that the government should not consider banning locals, but needs to consider o

_2014-08-28
Shares in Iao Kun Group Holding tumbled 6 percent in Nasdaq trading after the VIP gaming room promoter posted weaker-than-expected Q2 results, with bo

_2014-08-28
Caesars Entertainment is in talks with senior creditors to restructure debt and may allow senior debt holders to take positions in some of its most pr

_2014-08-28
Gaming revenue in Nevada grew just 0.65 percent in July to $931.8 million after jumping 14.3 percent in June, the State Gaming Control Board said.On t

_2014-08-28
Published in: Latest Intelligence President Vladimir Putin signed a law creating two new gambling zones in the Olympic City of Sochi and the newly annexed Crimea last month with the hope of boosting tourism revenue. But experts hold mixed views on the...

_2014-08-28
Published in: Latest Intelligence Entrepreneurs are optimistic about the potential for Bitcoin in the Asian online gambling industry, but say China’s approval of the virtual currency may be necessary to ensure widespread acceptance. Bitcoin, which...

_2014-08-21
Published in: Latest Intelligence Having received clearance from the Australian Competition and Consumer Commission, plans for the Aquis Great Barrier Reef Resort are full steam ahead. Yesterday a group of investment bankers from Beijing were hosted...

_2014-08-21
Published in: Latest Intelligence Packer’s Barangaroo property is expected to generate $1 billion over the first 15 years of the casino’s operation from licence fees and gaming taxes, 29 percent of gambling revenue and 10 percent of rebated ‘international’...

_2014-08-14
Published in: Latest Intelligence Expected labor shortages from the construction of sporting facilities for the 2020 Tokyo Olympics - much stricter than other jurisdictions due to the risk of earthquakes - makes the standard 36-month construction period...

_2014-08-14
Published in: Latest Intelligence by Peter Cohen*   As participants of sports betting know, it’s all about speed. Betting companies spend big to ensure that punters can place their bets as quickly as possible. This is particularly important...

_2014-08-07
Published in: Latest Intelligence Regulations should not be so burdensome that they choke the control body’s ability to raise sufficient fees to meet the genuine short, medium and long-term needs of the industry. They should also recognise that in...

_2014-08-07
Published in: Latest Intelligence By Dr Sally Gainsbury* The social gaming market is triple the size of the online gambling market, with revenues growing at a healthy 34 percent clip from 2013 to 2014, creating an enticing opportunity for operators,...