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...
Studio City to open in Macau October 27 Lars Jones New HotelsCasino project updatesMacau August 5, 2015 0The $3.2 billion Studio City will open in Macau on October 27. Melco Crown Entertainment Ltd, controlled by Lawrence Ho...
Macau Legend seeks to invest $200 million in Cape Verde Casino Sam Mitchell Latest Casino and Gambling NewsAsian Casino News July 21, 2015 0Macau Legend announced their intent to invest in a Cape Verde Casino to the tune of $200 million USD. On...
Macau 2Q financial reports show casino profits continuing to fall D. Graham Latest Casino and Gambling NewsWorld Casino NewsChinaMoney LaunderingEconomy/FinanceAsian Casino NewsMacau July 18, 2015 0GGRAsia reports that Macau’s second quarter VIP baccarat gaming revenue has fallen 42.2 percent, almost $4 billion U.S., compared to...
Macau’s mass revenue in June is now the lowest revenue since 2012 Renee Kingsley Casino expansion projectsGaming Industry NewsEconomy/FinanceAsian Casino NewsMacau July 6, 2015 0Macau’s casino revenues continue to plummet with every passing month causing serious concern to casino’s and shareholders. Sterne Agee CRT...
Universal smoking ban could idle thousands of Macau junket workers Lars Jones Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsWorld Casino NewsMacau July 4, 2015 0Local media are reporting that a proposed smoking ban could effect about half of all junket employee’s jobs. There are...
VIP gaming tables coming to NagaWorld via Jimei International Entertainment Sadonna Price Latest Casino and Gambling NewsCambodiaWorld Casino NewsMergers, Acquisitions & Partnerships July 2, 2015 0The NagaWorld casino resort located in Cambodia will soon begin offering VIP gaming thanks to the Jimei International Entertainment Group....
Macau executive council introduces new tobacco control bill Renee Kingsley Gaming Law & LegislationGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauTaxation July 1, 2015 0Macau was once a gambling haven as casinos provided gamblers with VIP treatment in order to attract them and keep...
Casino stocks increase after Macau announces new visa rules Renee Kingsley Gaming Law & LegislationChinaGaming Industry NewsMoney LaunderingEconomy/FinanceAsian Casino NewsMacauCrimeRacketeeringFinancial Fraud July 1, 2015 0Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some...
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...
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...
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...
VIP revenue slump causes two junket operators to scale back Sam Mitchell Casino closuresMacau June 10, 2015 0Neptune Guangdong Group and David Group are two of the largest junket operators in Macau. They announced their intention to...