James Packer gives up Crown Resorts shares to settle sibling debt Sadonna Price Latest Casino and Gambling NewsAustraliaEconomy/Finance August 29, 2016 0After reaching a settlement with his sister Gretel, James Packer has decided to pay the debt owned via the agreement...
Mactan Leisure City to break ground in Philippines January 2017 Lars Jones Latest Casino and Gambling NewsCasino proposalsEconomy/FinancePhilippines August 27, 2016 0Mactan Leisure City, to be located in Lapu-Lapu City, just off Cebu, is scheduled to break ground in January, according...
Uber’s foray into China cost investors $2 billion in 2 years, $1.27b first half 2016 alone Martin Chua Latest Casino and Gambling NewsChinaEconomy/FinanceMacauMergers, Acquisitions & Partnerships August 27, 2016 0Uber investors saw at least $2 billion wiped off their balance sheet over the last two years from their so-far...
Analyst doesn’t see Duterte’s heavy hand as a negative for Philippine resort casinos Lars Jones Latest Casino and Gambling NewsCasino NewsEconomy/FinanceLicensesPhilippines August 26, 2016 0The end result of president Duterte’s crackdown on gambling in the country might not be a concern for the integrated resort casinos...
Galaxy net profit available to shareholders $2.6 billion H1, up 26% year-on-year Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau August 25, 2016 0Galaxy Entertainment Group (HKEx stock code: 27) seems to have mastered the difficult Macau market ahead of its competitors and...
Macau casino industry employment figures highlight market slowdown Martin Chua Latest Casino and Gambling NewsEconomy/FinanceEmployment & CareersMacau August 24, 2016 0The number of people employed in the Macau casino industry during the second quarter dropped slightly when compared with the...
July gross gaming revenues for Pennsylvania casinos top $288 million Adam Morgan Latest Casino and Gambling NewsTechnologyEconomy/FinancePennsylvania August 24, 2016 0The twelve casino in Pennsylvania have reported an almost 3% increase year-on-year in total July gross gaming revenues to $288.45...
The Rank Group remains on the lookout for merger and acquisition opportunities Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMergers, Acquisitions & PartnershipsUnited Kingdom August 23, 2016 0After last week failing in its joint $4 billion bid to buy competitor William Hill, British land-based casino and bingo...
Atlantic City Casino revenue grows by 21 percent during the first half of 2016 Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceNew Jersey August 23, 2016 0The casino industry in Atlantic City has struggled as gross gaming revenues have declined by as much as fifty percent...
No dividend for Wynn Macau Limited investors as six-month net profit drops over 20% Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacau August 22, 2016 0Casino operator Wynn Macau Limited has released its interim financial results for the first six months of 2016 showing a...
Paradise Group makes first American purchase Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMergers, Acquisitions & PartnershipsSouth Korea August 22, 2016 0South Korean casino operator Paradise Group has made its first acquisition in the United States after spending $26 million in...
Studio City Casino Macau facing loan default calamity Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau August 20, 2016 0As the $4.2 billion Wynn Palace Cotai casino resort from operator Wynn Resorts Limited gets set to open its doors...
Alabama Senate may vote after committee approves two lottery bills Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationAlabamaEconomy/Finance August 17, 2016 0Alabama’s Senate Tourism and Marketing Committee met on August 16 to review the state lottery bills that were submitted as both...
MGM Resorts International increases stake in Macau subsidiary Martin Chua Latest Casino and Gambling NewsCasino NewsCasino project updatesEconomy/FinanceMacauMergers, Acquisitions & Partnerships August 17, 2016 0American casino operator MGM Resorts International has spent around $325 million in order to acquire an additional 5% stake in...
Crown Resorts Limited annual profit hurt by depressed Macau market Adam Morgan Latest Casino and Gambling NewsAustraliaEconomy/Finance August 17, 2016 0Australian casino operator Crown Resorts Limited has released its financial results for the twelve months to the end of June...