Decline in casino revenue expected for Singapore in 2016 Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacauSingapore December 28, 2015 0The attention of investors has been focused on the reduction of casino revenues at a rapid rate in Macau for...
Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs Lars Jones Latest Casino and Gambling NewsU.S.A.Las VegasCasino NewsEconomy/FinanceTaxationBankruptcyNevada December 26, 2015 0On December 18 the House and Senate passed a $1.1 trillion omnibus tax & spending bill that averted a shutdown...
Macau’s Chief Executive advises casino industry to focus on non-gaming activities in 2016 Renee Kingsley Economy/FinanceAsian Casino NewsMacau December 22, 2015 0Gambling establishments who were expecting better things from the Macau government in 2016 had their hopes doused yet again as...
Sands Cotai opens fourth tower with St. Regis Macao Kim M Latest Casino and Gambling NewsWorld Casino NewsChinaNew HotelsGaming Industry NewsMergers, Acquisitions & Partnerships December 19, 2015 0Sands Cotai Central in Macau, a UNESCO World Heritage Site, has gained its fourth hotel as St. Regis Hotels &...
Hengqin SEZ increases land mass and invites Hong Kong investors to establish new businesses Renee Kingsley ChinaEconomy/FinanceAsian Casino NewsMacau December 16, 2015 0The state council recently approved Hengqin Island’s request to double its land mass and increase the area of its special...
Macau authorities investigate two officials who are suspected of taking bribes Renee Kingsley Casino CheatingChinaMoney LaunderingAsian Casino NewsMacauCrimeRacketeeringBribery December 16, 2015 0Chinese President Xi Jinping launched an anti-corruption crackdown in Macau due to growing concerns that government officials in high level...
Macau authorities turn their attention to AliPay operations Renee Kingsley Casino CheatingMoney LaunderingUnlicensed OperationAsian Casino NewsMacauCrime December 15, 2015 0There appears to be no let up in Macau’s anti-corruption crackdown on the gambling industry as Macau authorities recently announced...
Australian greyhounds deemed too slow get “Death Row” sentence Kim M Latest Casino and Gambling NewsAustraliaCasino NewsWorld Casino NewsChinaGaming Industry NewsMacauVietnam December 11, 2015 1A practice that breeches racing rules exports hundreds of Australian greyhounds, determined by their owners and trainers to be to...
Dore junket investors continue to hold protests outside Wynn Macau casino Renee Kingsley Gaming Law & LegislationCasino NewsChinaMoney LaunderingAsian Casino NewsMacauFinancial Fraud December 8, 2015 0The once thriving casino industry in Macau has suffered its 18th consecutive month of declining revenue and one of the...
Chinese company takes first position on Baha Mar with $50m finance deal Lars Jones Latest Casino and Gambling NewsCasino NewsChinaNew HotelsCasino project updatesBahamasEconomy/FinanceMergers, Acquisitions & PartnershipsBankruptcy December 7, 2015 3China Harbour Engineering Company (CHEC) has financed the bank-appointed receivers of Baha Mar Resort, Deloitte & Touche, with $50 million as...
Russia’s gambling zones offering low casino tax rate, relaxed visa rules to attract investors and gamblers Renee Kingsley Casino openingsCasino expansion projectsAsian Casino NewsMacauRussiaSingaporeSouth Korea December 4, 2015 0Russia banned casinos in 2009 but has authorized five special integrated gambling zones since then, the last being Sochi (pictured) the mostly abandoned...
International Poker Open Battle of the Nation’s win goes to Team Philippines Sadonna Price Latest Casino and Gambling NewsPoker TournamentsPokerPhilippines November 30, 2015 0Late last week the International Poker Open Battle of the Nations was hosted by the Resorts World Manila, seeing poker...
Imperial Pacific hires Yiu Ling Kwong as COO for Saipan casino Renee Kingsley U.S.A.Casino NewsCasino openingsSaipanEmployment & Careers November 27, 2015 1Imperial Pacific International Holdings Ltd, a company based out of Hong Kong is constructing a $7.1 billion mega-casino resort in...
Group calling for Adelson investigation retracts statements, issues apology Lars Jones Latest Casino and Gambling NewsLas VegasCasino NewsMacauCrimeFines, Lawsuits & LitigationNevada November 26, 2015 0A political watchdog group that had called for federal investigations of Sheldon Adelson, the Chairman of Las Vegas Sands Corp., has...
Cambodia allows LYP Group casinos to launch online gaming operations Alex Lanter Latest Casino and Gambling NewsCambodiaOnline Gambling NewsAsian Casino NewsLicensing November 25, 2015 0Cambodian conglomerate LYP Group Co Ltd has been given permission to launch online gambling operations. The group owns three casinos...