STDM Portugal losses increase 95% Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinancePortugal May 18, 2015 0Last week Sociedade de Turismo e Diversões de Macau (STDM) saw losses in Portugal increase by 95%. This has been put...
Las Vegas Sands willing to invest over $6 Billion in South Korea if government amends gambling laws Renee Kingsley Gaming Law & LegislationCasino proposalsSouth Korea May 15, 2015 0South Korea is on its way to becoming the second most important gambling hub in Asia with Macau being the...
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....
Christmas Island prepares to open casino resort once again Lars Jones Gaming Law & LegislationCasino proposalsChristmas IslandLicenses May 14, 2015 0Christmas Island sounds like a place in a fairy tale book but it does exist; 2600 kilometers from Perth, Australia...
South Korean cruise ship casinos authorized Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsCasino openingsSouth Korea May 8, 2015 0A number of Asian countries have tried to capitalize on the collapse of Macau’s casino industry and lure Macau’s VIP...
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...
New Orleans smoking ban now in effect: lawsuit smolders Sam Mitchell Latest Casino and Gambling NewsCasino NewsFines, Lawsuits & LitigationLouisiana April 22, 2015 0Tuesday April 21, 2015 marked a new era for New Orleans in terms of smoking. Starting at midnight on Tuesday...
Professor Zeng of Polytechnic Institute suggests tighter junket regulations Sam Mitchell Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsConferences / Trade ShowsMacau April 22, 2015 0Professor Zeng Zhonglu, of the Gaming Education and Research Center at the Polytechnic Institute of Macau, believes junket operations are...
South Korean casino operator GKL denies partnership plans with US Mohegan Tribe Sam Mitchell Latest Casino and Gambling NewsCasino proposalsCasino NewsNorth America Casino NewsMergers, Acquisitions & PartnershipsSouth Korea April 16, 2015 0Korea Economic Daily quoted investment banking sources this week and announced that Grand Korea Leisure Co Ltd had plans to enter into...
Cutting out junket operators leaves Singapore casinos with unpaid debt Sam Mitchell Latest Casino and Gambling NewsCasino NewsGaming Industry NewsFinancial FraudSingapore April 9, 2015 0Grant Govertsen, a Union Gaming Advisors analysts, told media that Singapore’s gaming revenue is down due to the Chinese movement...
On April 24 Konami will delist from NYSE Jenn G Latest Casino and Gambling NewsU.S.A.Game manufacturers April 3, 2015 0One of the largest providers of slot games in the gaming industry, Konami, will be delisting from the New York...
Sands Bethlehem wants to add electronic table games Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsCasino expansion projectsPennsylvania April 2, 2015 0Representatives of the Las Vegas Sands Corp. presented a proposal to the Pennsylvania Gaming Control Board just yesterday to seek approval...
Cambodia government nets $25 Million in 2014 gaming tax–up 12% Lars Jones Latest Casino and Gambling NewsCambodiaCasino NewsWorld Casino News March 25, 2015 0Cambodia has extremely friendly gambling laws and the Cambodian government is encouraging foreign enterprises to invest into the country and...
Beijing senior prosecutors to staff ‘super’ anti-graft bureau Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationWorld Casino NewsMacauFinancial Fraud March 17, 2015 0In a recent interview, Procurator-General Cao Jianming, stated that a new ‘super’ anti-graft bureau will be created and used to...
Philippines Supreme Court confirms that PAGCOR can take tax exemptions Lars Jones Latest Casino and Gambling NewsGaming Law & LegislationPhilippines March 10, 2015 0The Philippine Amusement and Gaming Corporation (PAGCOR) as per law has to pay only 5% franchise tax from its gaming...