Crackdown on junket operators causes Macau hotel prices to plummet Sam Mitchell Latest Casino and Gambling NewsCasino openingsEconomy/FinanceMacau June 29, 2015 1Hotel rooms are in excess in Macau due to the Chinese government crackdown on Junkets. About 80 to 90 percent...
Pittsburgh Mayor threatens to sue for $11.4 million casino cash overdue Sam Mitchell Latest Casino and Gambling NewsEconomy/FinanceTaxationFines, Lawsuits & LitigationPennsylvania June 29, 2015 0On June 26th 2015, the mayor of Pittsburgh, Bill Peduto has threatened to take legal action against an authority that...
Deed restriction to idle Trump Plaza for a decade Sam Mitchell Latest Casino and Gambling NewsCasino closuresEconomy/FinanceTaxationNew Jersey June 29, 2015 0On June 28th 2015, it was reported that as a tax saving measure, the former owners of Trump Plaza in...
Macau Jockey Club under fire from members Sam Mitchell Latest Casino and Gambling NewsHorse RacingEconomy/FinanceLicensesMacau June 29, 2015 0On June 28th 2015, it was reported that a group of members have accused the Macau Jockey Club bosses of mismanagement,...
Monday last day of Hong Kong trading for Melco Crown Lars Jones Latest Casino and Gambling NewsHong KongEconomy/FinanceMacauPhilippines June 28, 2015 0In early January Melco Crown Entertainment Limited announced they would be de-listing their shares from the Hong Kong stock exchange...
Cyprus casino vote Thursday; easy passage predicted Lars Jones Latest Casino and Gambling NewsGaming Law & LegislationCasino proposalsCyprusEconomy/Finance June 27, 2015 0The government of Cyprus is reportedly satisfied with all amendments and changes that have occurred with the country’s casino authorization bill...
Chris Christie to review new bill package for struggling Atlantic City Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationEconomy/FinanceNew Jersey June 26, 2015 0The state Senate of New Jersey has sent a new package of legislation to Governor Chris Christie for approval that...
Macau casino revenues continue to decline Sam Mitchell Latest Casino and Gambling NewsChinaEconomy/FinanceMacau June 24, 2015 0On June 23rd 2015, it was reported that the losing streak of Macau is set to continue. The gambling revenue...
Galaxy Phase II dominates Macau’s gaming market Renee Kingsley Casino NewsGaming Industry NewsEconomy/FinanceMacau June 22, 2015 0Macau’s gambling industry has been in decline for the past 18 months and casinos have struggled to post profits. The...
Macau gaming revenue continues decline; government cuts spending Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacau June 20, 2015 0Lionel Leong Vai-tac, Secretariat for Economy and Finance in Macau said on Thursday that June gaming revenues may be as...
Morgan Stanley says Macau casino decline caused by drop in VIP customers Renee Kingsley Las VegasCasino NewsChinaGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauNevada June 19, 2015 0Morgan Stanley Research Asia Ltd recently completed a detailed study of the casino industry in Macau and has concluded that...
Galaxy Phase II expected to see revenue increase Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacau June 18, 2015 0Lui Che-woo, Galaxy Entertainment Group’s chairman, is hopeful that Galaxy phase II will turn around to perform better in the...
Macau’s Financial Services Bureau reports 35% drop in govt gaming tax Renee Kingsley Casino NewsChinaGaming Industry NewsEconomy/FinanceAsian Casino NewsMacau June 18, 2015 0When Beijing launched its anti corruption crackdown in February 2014 and targeted Macau’s casinos, many believed that it would be...
MGM Resorts founder Kirk Kerkorian passes away Renee Kingsley U.S.A.Las VegasCasino NewsGaming Industry NewsCasino mogulsEconomy/FinanceNevada June 17, 2015 0Kirk Kerkorian, the founder of MGM resorts and a multi-billionaire who turned 98 on the 6th of June 2015, passed...
Macau gambling regulators debate casino tables in Coloane Sam Mitchell Latest Casino and Gambling NewsCasino openingsEconomy/FinanceMacau June 16, 2015 0Macau Legislator, Au Kam San is currently inquiring as to whether the government plans to approve Coloane casino plans. Coloane...