Morgan Stanley says Macau casino decline caused by drop in VIP customers Renee Kingsley Las VegasCasino NewsChinaGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauNevada June 19, 2015 0Morgan Stanley Research Asia Ltd recently completed a detailed study of the casino industry in Macau and has concluded that...
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...
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...
Junket operator David Group denies closures, layoff plans Lars Jones Latest Casino and Gambling NewsGaming Industry NewsMacau June 12, 2015 2On the heels of Neptune Guangdong Group denying media reports yesterday that they plan to idle as many as 300...
Philippines immigration commissioner says he did not accept any bribe from Chinese deportee Renee Kingsley Unsavory reportsChinaCrimePhilippines June 6, 2015 0Beijing anti-corruption campaign has extended its reach into international territories as Chinese authorities are determined to go after corrupted officials...
Baccarat games boost Las Vegas revenue in April 2015 Renee Kingsley Latest Casino and Gambling NewsU.S.A.Las VegasMacauFinancial Press ReleasesPhilippinesSouth KoreaVietnam June 1, 2015 0Casinos in Las Vegas might have had an average 2014 but things are looking up in 2015. Las Vegas casinos...
Yelp criticizes Steve Wynn for backing SLAPP legislation Renee Kingsley Latest Casino and Gambling NewsU.S.A.TechnologyData ProtectionNevada May 23, 2015 3It has now become the norm for prospective customers to do a lot of online research before they decide to...
Chinese authorities arrest internet celebrity Guo Meimei for running illegal casino Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationChinaUnlicensed OperationAsian Casino NewsCrimeFines, Lawsuits & Litigation May 23, 2015 0Mainland Chinese love to play games that involve betting and a great many of them love to gamble in their free...
Chinese authorities catch and prosecute 2nd most wanted man in China Renee Kingsley ChinaMoney LaunderingMacauFinancial FraudSingapore May 15, 2015 0Beijing has targeted Macau’s casino industry because it’s been reported to be a hotbed for corruption, money laundering and racketeering....
Two venues opening soon in Macau, table allocation not determined Sam Mitchell Latest Casino and Gambling NewsCasino NewsCasino project updatesLicensesMacau May 14, 2015 0Galaxy Entertainment Group in Macau is set to open two greatly anticipated properties in just a couple of weeks. However, this could...
Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers Renee Kingsley Economy/FinanceMacau May 14, 2015 0Beijing’s anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP...
Beijing pushes for economic diversification in Macau in order to limit Western financial control Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsMacau May 13, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry started early last year and while many expected the crackdown to stop after...
Belgian Gaming Commission fines Betclic Everest players for unlicensed site play Renee Kingsley BelgiumOnline PokerUnlicensed OperationSports bettingFines, Lawsuits & Litigation May 13, 2015 0Online poker markets continue to expand all over the world and as the game grows in popularity, the illegal online...
MGM China reports a shortfall of 33% during the 1st Quarter of 2015 Renee Kingsley Latest Casino and Gambling NewsMacauFinancial Press Releases May 5, 2015 0Macau’s casinos lost an estimated $100 billion during 2014 and analysts predicted that casinos would continue to struggle in 2015...
Hundreds of casino workers in Macau protest on Labor Day Renee Kingsley Latest Casino and Gambling NewsCasino NewsMacauLabor Relations May 4, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry over the past 12 months has resulted in huge losses for casinos as...