Casino Destinations

Macau concessionaries report year-to-year casinos fee as 10-year gaming concessions start

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, New Hotels, World Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Conferences / Trade Shows, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
On January 2nd, 2023, six Macau concessionaires reported that they would individually pay the Macau government a base sum of MOP750 dollars per square meter of gaming space for the first 3 years of their latest...

Macau expects visitor upturn during Chinese New Year as measures are lifted

Radosav Milutinovic
Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Casino openings, Gaming Industry News, Casino project updates, The Players Lounge
Following the suspension of COVID-19 prevention measures and zero-COVID policy for the first time in three years, Macau authorities finally allowed tour groups from mainland China to visit the region. Macau is ...

New Covid wave hits Macau closing Cotai food and beverage facilities

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Mobile gaming, Casino moguls, The Players Lounge, Online Gambling News
A review of the websites of Cotai casino resorts indicates that at least three of them are closed, as well as multiple Cotai food and beverage outlets. The closures are seemingly due to the Covid-19 case count ...

VICI Properties acquires Foundation Gaming’s properties for $293 million with 8.3% capitalization rate

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Casino News, U.S.A., Las Vegas, Casino Destinations, World Casino News, North America Casino News, Casino expansion projects, Gaming Industry News, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Mississippi
Real estate investment trust, VICI Properties Inc., has purchased the real estate assets of the Fitz Casino & Hotel (“Fitz”), located in Tunica, Mississippi, and the WaterView Casino & Hotel (“WaterView...

Maverick Gaming purchases four properties in Washington in $80.5 million investment

Radosav Milutinovic
U.S.A., Casino Destinations, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Poker, Colorado, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Labor Relations, Nevada, Washington
Fast-growing gaming company, Maverick Gaming LLC, has announced the purchase of four card rooms in Washington State. Chips Casino in Lakewood, Goldies Casino in Shoreline, Palace Casino in Lakewood, and Riversi...

Macau GGR expected to exceed $22 billion by 2027 to incur additional 20% tax to operators

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Taxation
Analysts at Morgan Stanley are predicting that Macau's gross gaming revenue values will exceed $22 billion by 2027. The predictions follow the signing of new gaming concession contracts by Macau's six operators...

Hard Rock takes over The Mirage from MGM for $1.1 billion to change Las Vegas skyline

Radosav Milutinovic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, Las Vegas, Casino expansion projects, New Hotels, World Casino News, Casino openings, Casino project updates, Gaming Industry News
The iconic volcano attraction of the Las Vegas Strip, The Mirage, has officially changed ownership. Following the approval of the Nevada Gaming Commission, the giant Hard Rock International closed the purchase ...

Macau allocates gaming tables and slot machines to impose contingency to operators

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, Gaming Law & Legislation, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, The Players Lounge, Macau, Asian Casino News
The new concession period in the Macau gambling industry commences on January 1, 2023. The Macau government has therefore announced the allocation of tables and slot machines following its previous announcement...

Rank Group’s five-month overview showing Grosvenor venues offset Group’s growth

Radosav Milutinovic
Bingo, Casino News, Casino Destinations, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino moguls, Mobile gaming, European Casino News, Lottery, The Players Lounge, Online Gambling News, Financial Press Releases, United Kingdom
The Rank Group Plc, the largest casino and bingo operator by venue in Great Britain, has provided a trading performance overview from July through November 2022. Rank has also updated its profit expectations fo...

Six Macau Casino Operators Sign 10-year gaming contracts with Macau Government

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino reviews from Macau, World Casino News, New Hotels, Online gambling regulation, Gaming Industry News, Licenses, Online Gambling News, Asian Casino News, Macau, Licensing
Today, six incumbent casino operators in Macau signed a productive 10-year gaming contracts with the Macau government and received gaming licenses to operate in the world's largest gambling city. Signing by ...