Casinos in the Philippines will have to report all suspicious financial transactions if House Bill 14 is approved Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationMoney LaunderingPhilippines November 2, 2016 0The Philippines has continued to tighten financial regulations on the casino industry in an effort to stop money laundering activities...
Chow Tai Fook says Stanley Ho to have no part in Baha Mar Lars Jones Casino SalesLatest Casino and Gambling NewsNew HotelsCasino project updatesBahamasMergers, Acquisitions & Partnerships November 1, 2016 0Local media is reporting that Baha Mar suitor, Chow Tai Fook Enterprises (CFTE) has told them that Macau gambling king,...
Chow Tai Fook Enterprise set to acquire Baha Mar Lars Jones Casino SalesCasino project updatesBahamasEconomy/FinanceMergers, Acquisitions & Partnerships October 28, 2016 0After Chinese Export Import Bank (EXIM) in effect purchased Baha Mar from themselves using a Special Purpose Vehicle (SPV) named...
Macau regulator distances city from arrested Crown Resorts Limited employees Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationMacauCrime October 28, 2016 0The head of Macau’s Gaming Inspection And Coordination Bureau regulator has reportedly announced that none of the 18 employees of...
Tigre de Cristal casino generates more than $8 million in taxes during first year of operation Renee Kingsley Latest Casino and Gambling NewsTaxationRussiaRussia October 23, 2016 0The Tigre de Cristal was the first casino to open in Russia’s Primorye Integrated Entertainment Zone, a special economic zone...
Situation deepens for detained Crown Resorts Limited employees Adam Morgan Latest Casino and Gambling NewsChinaGaming Industry NewsCrime October 20, 2016 0The case against the 18 employees of Crown Resorts Limited detained over the weekend just got worse as Chinese police...
Four arrested and charged in suspected casino fraud case Martin Chua Latest Casino and Gambling NewsMacauCrime September 27, 2016 0Four casino employees have been arrested and charged with fraud and engaging in illegal gambling practices for their alleged involvement...
Bloomberry Resorts Corporation refutes Jeju Sun Hotel And Casino sale extension claim Adam Morgan Latest Casino and Gambling NewsCasino NewsMergers, Acquisitions & PartnershipsSouth Korea September 27, 2016 0Bloomberry Resorts Corporation is refuting a claim that it has agreed to extend the closing date for the sale of...
Macau ban fuels rise in Philippines second-quarter gross casino revenues Adam Morgan Latest Casino and Gambling NewsEconomy/FinancePhilippines September 23, 2016 0Casinos in the Philippines reported a 30% increase year-on-year in aggregate gross casino revenues for the three months to the...
Imperial Pacific seeks to raise $300 million for Saipan resort with high-yield bonds Renee Kingsley Latest Casino and Gambling NewsCasino project updatesEconomy/FinanceNorthern Mariana IslandsSaipan September 19, 2016 0Hong Kong based Imperial Pacific which is the parent company of Best Sunshine International, the company that runs the Best...
Ratings agencies predict “stable” future for Saipan casino operator Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceSaipan September 15, 2016 0Fresh from signing a pair of share deals earlier this week, Saipan casino operator Imperial Pacific International Holdings Limited has...
Morgan Stanley reports decline in Macau VIP gambling and strong growth in International VIP gambling during Q2 Renee Kingsley Latest Casino and Gambling NewsMacau September 14, 2016 0Morgan Stanley recently released a market report for Q2 of 2016 covering the global VIP gambling market and revealed that...
Citi analysts say Cambodia’s NagaWorld casino will continue to benefit from Vietnam’s ban on local gambling Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCambodiaLicensesVietnam September 11, 2016 0Vietnam allows only foreign tourists to gamble at its casinos as locals are currently banned from gambling. There have been...
Studio City Casino Macau hopes to roll out VIP tables this month Martin Chua Latest Casino and Gambling NewsCasino project updatesMacau September 8, 2016 0After announcing in July that it wanted to bring VIP gaming tables to its Studio City Casino Macau property, Melco...
Parisian Macao Casino Resort due to debut with 410 gaming tables Martin Chua Latest Casino and Gambling NewsCasino project updatesMacau September 7, 2016 0The Parisian Macao Casino Resort from operator Las Vegas Sands Corporation subsidiary Sands China Limited is set to open on...