Analyst says nearby construction hurting Studio City’s opening momentum Kim M Latest Casino and Gambling NewsEconomy/FinanceMacau April 20, 2016 0A note from Sterne Agee CRT on Monday stated that Melco Crown’s new Studio City is being hurt by continued...
Junket operators to face more challenges as Macau government proposes one hundred percent rise in capital requirements Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationLicensesMacau April 15, 2016 0The decline of Macau’s casino industry over the last two years has made it difficult for junket operators to run...
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...
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...
Wynn Palace to potentially miss June deadline Sadonna Price Latest Casino and Gambling NewsCasino project updatesMacau April 8, 2016 0The Wynn Palace resort, a venue currently under construction in Cotai, was set to open on the 25th of June,...
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...
City of Dreams expanded retail space to open mid-year Sadonna Price Latest Casino and Gambling NewsCasino project updatesMacau March 23, 2016 0Melco Crown Entertainment Ltd has been working on the City of Dreams casino resort of Macau for some time now,...
New gaming area opens at Grand Lisboa of Macau Sadonna Price Latest Casino and Gambling NewsCasino project updatesMacau March 21, 2016 0On Friday, a new gaming area was revealed at the Grand Lisboa, what the casino’s operator SJM Holdings Ltd is...
Neptune Group says VIP crisis inescapable Kim M Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau March 15, 2016 0Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing...
World’s most expensive hotel likely to open without casino; The 13 Lars Jones Latest Casino and Gambling NewsCasino project updatesMacau March 14, 2016 0Although Stephen Hung has already poured more than a billion dollars into The 13, his all-suite hotel on the Coloane/Cotai...
Macau gaming firm believes room prices will become competitive while price war not imminent Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 13, 2016 0As the Macau gaming industry flounders, operators are trying to determine what to do to bring in gamblers. The Las...
Steve Wynn’s compensation falls as VIP tables are ignored by Chinese gamblers Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 7, 2016 0With fewer VIP gamblers visiting Macau, the casinos in the once bustling city are now earning less money. With less...
$1.13 Billion Sale of Las Vegas Mall to Simon close according to MGM Kim M Latest Casino and Gambling NewsNevada March 4, 2016 0According to an individual with knowledge of the transaction, an agreement has been reached between MGM Resorts International and a...
Sands announces Parisian Macao Eiffel Tower may open sooner than expected Sadonna Price Latest Casino and Gambling NewsCasino project updatesMacau February 28, 2016 0The Parisian Macao is constructing a replica of the Eiffel Tower, of half-size, with the entire property project having a...