Morgan Stanley reports Macau could reach overcapacity by 2017 Sadonna Price Latest Casino and Gambling NewsMacau April 13, 2016 0With several new resort venues in the works for the city of Macau, analysts believe that by 2017, the city...
$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced Lars Jones Latest Casino and Gambling NewsNorth America Casino NewsEconomy/FinanceMergers, Acquisitions & Partnerships April 11, 2016 0MGM Growth Properties LLC MGM Resorts International’s (nyse:mgm) real estate investment trust (REIT), has announced the terms of its initial...
Macau’s Legislative Assembly needs more time to submit final report on smoking ban vote Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationMacau April 11, 2016 0Macau’s casinos currently allow gamblers to smoke in VIP enclosures and mass market gamblers to use an airport style lounge...
Las Vegas Sands agrees to pay $9 million to end Macau bribery probe Lars Jones Latest Casino and Gambling NewsLas VegasMacauBriberyFines, Lawsuits & Litigation April 8, 2016 0Las Vegas Sands Corp (NYSE: LVS) agreed Thursday to pay $9 million in order to end a five year probe into...
Macau casino gaming revenues continue to decline Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau April 3, 2016 0The latest reports of gaming revenues from Macau show the gambling city continues to fall short of revenue estimates, with...
Garapan Annex property eyed by Best Sunshine Kim M Latest Casino and Gambling NewsMergers, Acquisitions & PartnershipsNorthern Mariana Islands March 30, 2016 0This article has been updated. A local source reports that Best Sunshine International, owned by Imperial-Pacific, has been eyeing an...
Macau government announces no interest in expanding IVS policy Sadonna Price Latest Casino and Gambling NewsChinaHong KongMacau March 30, 2016 0On Tuesday, Fernando Chui Sai, the Chief Executive of Macau, spoke to local media, stating that the government of Macau...
Macau Legend Development Ltd decides to sell its Pharaoh’s Palace Casino to stakeholder Renee Kingsley Latest Casino and Gambling NewsCasino proposalsAsian Casino NewsMacauMergers, Acquisitions & Partnerships March 28, 2016 0Macau’s casino industry saw a decline of 34.3 percent in gross gaming revenue during 2015 and Pharaoh’s Palace Casino had...
Over 600 new employees to be hired at Parisian Macao Resort Sadonna Price Latest Casino and Gambling NewsCasino project updatesMacau March 27, 2016 2The Parisian Macao is currently under construction in Cotai and once finished, will be in need of employees to fill...
Canadian property firm hired to find buyer for Baha Mar Resort: Updated Sadonna Price Latest Casino and Gambling NewsCasino project updatesBahamas March 26, 2016 1The Baha Mar resort seemingly has had trouble from the very start and while it remains unfinished, the property is...
Junket company Jimei looks to coastal Cambodia for integrated casino resort Lars Jones Latest Casino and Gambling NewsCasino proposalsCambodiaMergers, Acquisitions & Partnerships March 25, 2016 0A recent filing by Jimei International Entertainment Group Ltd. with the Hong Kong Stock Exchange indicates that the company plans to develop...
MGM Growth Properties files IPO; Expects to raise $100 million Alex Lanter Latest Casino and Gambling NewsLas VegasEconomy/FinanceFinancial Press Releases March 25, 2016 0In October, 2015, MGM revealed plans of starting a real estate investment trust (REIT) called MGM Growth Properties. Several months...
Bernstein analysts believe that Macau will benefit from Individual Visit Scheme changes Renee Kingsley Latest Casino and Gambling NewsAsian Casino NewsMacau March 25, 2016 2The most obvious solution to revive Macau’s struggling casino industry is to stop the anti-corruption crackdown and bring back VIP...
Yacht club border post coming to Macau Fisherman’s Wharf Kim M Latest Casino and Gambling NewsCasino project updatesMacau March 23, 2016 0On Monday, the Macau government confirmed that the proposed waterside development facility, Macau Fisherman’s Wharf, currently under construction will have...
Aquis creates Chinese partnership to finance Great Barrier Reef Resort Sadonna Price Latest Casino and Gambling NewsAustraliaCasino project updates March 18, 2016 0Tony Fung, a business tycoon of Hong Kong, has announced a new partnership with two development companies of China that...