Archive

_2020-12-17
As Macau celebrated the 20th anniversary since the handover to China last December, there was no indication of how the gambling hub’s fortunes were

_2020-09-01
Macau’s Judiciary Police said two local men and two from Mainland China were arrested on Saturday in Macau and Zhuhai for using “practice” bank notes to buy casino chips, according to local news reports.

_2020-08-18
China’s clampdown on online gaming to stop capital outflows is having a negative impact on liquidity in Macau’s VIP sector, Reuters reports.

_2020-07-22
Junket promoter Rich Goldman said the Covid-19 pandemic has delayed the closure of a joint venture agreement that would allow it to provide VIP customers to Bloomberry Resorts’ Solaire Resort & Casino in Manila.

_2020-07-06
Leisure & Resorts World Corp, which operates bingo parlours and online gaming in the Philippines, reported a drop of 18.9 percent in gross profit in the first quarter, due to Covid-19 mandated lockdowns.

_2019-10-14
Suncity Group’s Poker King Club has teamed with South Korea’s Paradise Co. to open a poker room in the operator’s casino in Busan.

_2019-08-28
Hong Kong-listed New Silkroad said revenue at its South Korean casino, on Jeju island, posted a 16.2 percent gain in revenue in the first half, driven by VIP gamers.

_2019-08-13
Travellers International Hotel Group posted an almost 52 percent drop in Q2 net profit as costs rose and a one-time gain reported last year wasn’t repeated, though revenue growth was strong.

_2019-08-02
Genting Singapore’s Q2 net profit fell by 5 percent, missing analysts’ expectations, dragged down by a poor performance in the mass market and higher bad debt levels. 

_2019-08-02
Thailand’s ongoing ban on all forms of gambling is proving a gold mine for casinos elsewhere in the region, with a growing number taking steps to specifically target the Thai VIP base. 

_2019-07-31
The board of Crown Resorts has issued a strong rebuttal of allegations that it is linked to criminal figures who may be laundering money through Australian casinos, though the probe into its operations has now widened to include the country’s most powerful...

_2019-07-24
Summit Ascent Holdings, the operator of the Tigre de Cristal, in Russia’s Primorye gaming zone, said it expects to post a profit for the first half of this year, compared with a loss the same period in 2018. 

_2019-05-17
Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

_2019-05-03
On first glance, the island of Phu Quoc, with a population of just 100,000, would appear to be an unusual destination for arguably Vietnam’s most significant casino development to date.

_2019-04-12
Singapore’s two integrated resorts will cast a longer reflection on the island state but new shadows cloud the horizon across the southern shoreline.

_2019-03-28
Travellers International Hotel Group, the operator of Resorts World Manila, reported a 16.9 percent increase in gross gambling revenue for 2018, boost

_2019-03-05
Bloomberry Resorts, operator of the Solaire Casino & Resort, posted record EBITDA and net profit for 2018, driven by record gross gambling revenue

_2019-02-19
Melco Resorts & Entertainment reported a 5 percent gain in Q4 revenue, attributing the increase to higher group-wide rolling chip and mass market table games revenue.

_2019-02-08
Cambodia’s casino boom is continuing, with a 53 percent increase in licenses granted during 2018 and growing interest from Macau-based operators and junkets as Chinese tourism and investment surges.