Galaxy profits fall 66% on turndown and poor luck Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau August 20, 2015 0Galaxy Entertainment Group reported a dramatic fall of revenues by 66% in the first half of 2015. The Macau casino...
Cambodian casino operator NagaCorp reports net profit growth of 49% Alex Lanter Latest Casino and Gambling NewsCambodiaEconomy/FinanceAsian Casino News August 13, 2015 0As Macau casinos are showing continuous drop of revenue, Australian and Cambodian casinos don’t seem to have the same problem....
Beijing launches operation Chain Break to crack down on casino promoters Sam Mitchell Latest Casino and Gambling NewsChinaMacauPhilippinesSouth Korea August 12, 2015 0August 11, 2015—Berstein Research shows the Chinese government is cracking down on all junket operators, including agents trying to promote...
Studio City Mass Market Focus on Table Allotment Sam Mitchell Latest Casino and Gambling NewsCasino openingsMacau August 10, 2015 0August 10, 2015—Lawrence Ho, CEO of Melco Crown, stated Studio City’s strategy is dependent on the amount of gaming tables...
Echo Entertainment seeking to add an additional 1,000 Pokies to new Brisbane casino Renee Kingsley Casino proposalsAustraliaCasino NewsCasino openingsGaming Industry NewsCasino project updatesLicensesOceania Casino News August 4, 2015 0Echo Entertainment edged out James Packer’s Crown Resorts in July 2015 to win a huge contract that would allow the...
Tinian Dynasty Hotel & Casino settle record fine with $3.04 million forteiture D. Graham Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsWorld Casino NewsChinaGaming Industry NewsMoney LaunderingAsian Casino NewsCrimeFines, Lawsuits & LitigationNorthern Mariana Islands July 25, 2015 0Northern Mariana Island’s Tinian Dynasty Hotel & Casino, levied with a record $75 million fine in June, has settled their FinCEN...
Wide market expected for Tigre de Cristal casino in Russia Kim M Latest Casino and Gambling NewsWorld Casino NewsAsian Casino NewsMacauRussia July 22, 2015 0According to Macau Business Daily, Lawrence Ho, co-chairman and chief executive officer of Melco Crown Entertainment Ltd., hopes the Russian...
Echo shares skyrocket; Brisbane Resort to help company remain competitive Sam Mitchell Latest Casino and Gambling NewsAustraliaCasino openings July 21, 2015 0Today, on July 21st 2015, it was reported that the shares of Echo Entertainment Group Ltd. grew to a new...
Echo edges out Crown Greenland for new Brisbane mega casino Lars Jones Latest Casino and Gambling NewsCasino proposalsAustraliaLicenses July 20, 2015 0Local gaming operator Echo Entertainment Group has been awarded a license to build a mega-casino in the heart of Brisbane,...
34 gambling establishments apply for South Korea casino licenses Renee Kingsley Casino proposalsCasino NewsGaming Industry NewsEconomy/FinanceLicensesAsian Casino NewsSouth Korea July 20, 2015 0The Asian gaming boom continues even as revenues shrink in flagship Macau. Seeing massive tax possibilities and tourism benefits, coupled...
Malaysia’s Resorts World Genting could earn immunity from smoking ban Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino expansion projectsAsian Casino NewsMacauMalaysia July 15, 2015 0Malaysia, a pre-dominantly Islamic country, has extremely strict gambling laws and only one casino is permitted to operate in the...
Vingroup plans to construct mega casino resort in Hai Phong, Vietnam Renee Kingsley Casino proposalsCasino openingsChinaGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauVietnam July 14, 2015 0Vingroup, one of the largest real estate firms in Vietnam, recently announced that they planned to construct a mega-casino resort...
One fourth of lottery funds misused in China; US$2.72 billion Sam Mitchell Latest Casino and Gambling NewsChinaLotteryUnlicensed OperationFinancial Fraud June 26, 2015 0Thursday, June 25, 2015 the National Audit Office of China revealed misappropriation of lottery funds on its website. According to...
Seventeen casinos scheduled to open before 2020 in Asia Pacific Renee Kingsley Latest Casino and Gambling NewsCambodiaAustraliaCasino NewsChinaNew ZealandJapanAsian Casino NewsMacauOceania Casino NewsMalaysiaNepalPhilippinesRussiaSingaporeSouth KoreaVietnam June 22, 2015 0The gambling industry in Asia continues to grow at a rapid pace and gambling establishments are not wasting any time...
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...