Macau’s Studio City downgrades its hotel from 5 star to 4 star to adapt to tourism price drop Renee Kingsley World Casino NewsNew HotelsCasino project updatesEconomy/FinanceAsian Casino NewsMacau October 16, 2015 0Macau’s casino industry lost over $100 billion during the last 18 months due to the anti-corruption crackdown which scared away...
Macau junket operator Iao Kun sees huge decrease in chip turnover Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau October 8, 2015 0Based on a recent filing with the Nasdaq Stock Exchange, Iao Kun, a junket company operating in Macau, has seen...
Macau Golden Week suffers visitor decrease due to Typhoon Mujigae Renee Kingsley Gaming Law & LegislationCasino NewsChinaEconomy/FinanceAsian Casino NewsMacau October 5, 2015 0Macau’s department of gaming recently confirmed that gaming revenue has fallen for the 16th consecutive month. This drop in gaming...
Macau casino stocks up on reports of potential economic support from Beijing Lars Jones Latest Casino and Gambling NewsCasino NewsChinaEconomy/FinanceMacau October 4, 2015 0Macau casinos’ gross gaming revenue fell by 1/3 in September, the sixteenth month in a row showing decline, but the...
Neptune Group contemplates shutting down Macau junket operation Renee Kingsley Gaming Law & LegislationGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauMergers, Acquisitions & Partnerships September 29, 2015 0Neptune Group Ltd, a junket operator that once had a thriving operation in Macau has found it difficult to post...
Wynn Macau junket operator victim of theft Sadonna Price Latest Casino and Gambling NewsMacau September 11, 2015 0Wynn Resorts has seen a share price decrease of 5% after news hit that one of their junket operators in...
Macau junket ops taking debtors to court Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacauFines, Lawsuits & Litigation September 5, 2015 0According to a report on Macau Business Daily (MBD), there has been a major increase in filings with the Court of...
Partner in Macau Ponte 16 posts small loss for first half of 2015 Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau August 31, 2015 0Success Universe Group reported loss of HK$1.9 million ($245,161) for the first half of 2015 in comparison with the same...
Macau’s crackdown on underground banking activities will hit struggling casino industry Renee Kingsley ChinaGaming Industry NewsMoney LaunderingEconomy/FinanceAsian Casino NewsMacauTax EvasionCrimeFinancial Fraud August 27, 2015 0The anti-corruption crackdown launched by Beijing targeting corrupt officials and VIP gamblers in Macau has been successful due to the...
Donaco and VIP promoter Heng Sheng Group have a deal Kim M Latest Casino and Gambling NewsCambodiaCasino NewsCasino reviews from MacauWorld Casino NewsCasino openingsCasino project updatesMacauMergers, Acquisitions & Partnerships August 23, 2015 0Macau VIP gaming promoter, Heng Sheng Group, and Donaco International will bring its VIP players to the Star Vegas International...
Bernstein report states that mass gambling can help Macau’s casino industry to recover Renee Kingsley Asian Casino NewsMacauPhilippinesSouth Korea August 22, 2015 0Macau’s casino industry has been in decline for the past 18 months with gambling revenue for Macau’s top six casinos...
Macau Casino Jai Alai may reopen mid 2016 Alex Lanter Latest Casino and Gambling NewsCasino openingsAsian Casino NewsMacau August 18, 2015 0SJM Holdings Limited, a casino gaming company based in Macau, is hoping to reopen the renewed Casino Jai Alai situated...
Macau casino operator SJM Holdings profit falls more than half Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau August 13, 2015 0Macau casino operator SJM Holdings reported huge losses of more than 50% year-on-year in the first half of 2015. The...
Echo Entertainment Group profit grows more than 50% thanks to Asian VIPs Alex Lanter Latest Casino and Gambling NewsAustraliaEconomy/FinanceOceania Casino News August 12, 2015 0Macau has witnessed a drop in VIP clientele that resulted in significant decline in revenue. However, the Macau struggle has...
Macau wishy-washy on smoking ban Alex Lanter Latest Casino and Gambling NewsGaming Law & LegislationWorld Casino NewsMacau August 10, 2015 0Almost a month ago, local media in Macau reported that a possible smoking ban could be implemented in 2016 and...