Arrests of Crown employees in China set Macau and other gaming stocks adrift Sadonna Price Latest Casino and Gambling NewsChinaGaming Industry NewsCrime October 18, 2016 0Over the weekend, it was made known that 18 employees of Crown Resorts Ltd were detained by the authorities of...
Mass-market helps Macau casinos post rise in overall third-quarter revenues Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau October 18, 2016 0Led by the mass-market segment and despite a slight drop in baccarat takings, casinos in Macau have recorded a 1.2%...
Tigre de Cristal casino in Siberia sees exponential growth with Macau junkets Renee Kingsley Latest Casino and Gambling NewsCasino expansion projectsEconomy/FinanceRussia October 14, 2016 0Summit Ascent Holdings, the company that operators the Tigre de Cristal casino in the Russian Far East has reported exponential growth at...
Suspected embezzler of Macau casino junket investor funds finally caught Sadonna Price Latest Casino and Gambling NewsMacauFinancial Fraud October 13, 2016 0In 2014, it was reported that a representative of the Kimren Group, Huang Shan, was believed to have been stealing...
Macau turnaround sees analysts predict 5 to 9 percent Gross Gaming Revenue growth Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceMacau October 12, 2016 0Macau’s casino industry went through its biggest slump after Chinese President Xi Jinping launched an anti-corruption crackdown in early 2014...
Golden Week sets stage for third month of Macau recovery Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacau October 10, 2016 0Golden Week holiday saw visits from the Chinese mainland to Macau increased to about 970,000 from October 1 through 7...
Optimistic outlook for Macau gross gaming revenues Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau October 6, 2016 0After recording two months of year-on-year growth following 26 months of consecutive declines, combined casino gross gaming revenues in Macau...
Galaxy Macau Casino Resort posts better-than-expected numbers Martin Chua Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau October 5, 2016 0Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected...
Macau junket operator closes fourth VIP room and lets South Korea casino purchase lapse Adam Morgan Latest Casino and Gambling NewsMacauMergers, Acquisitions & Partnerships October 5, 2016 0After announcing last month that it had closed its high-roller operations at the Sands Cotai Central, the StarWorld Casino And...
Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau October 4, 2016 0Since opening on August 22, the new $4.2 billion Wynn Palace Cotai resort casino from Wynn Resorts Limited has reportedly experienced...
VIP segment success helps Macau report rise in September gross gaming revenues Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau October 3, 2016 0September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part...
Upcoming visit of Chinese Premier may adversely affect Macau VIP gaming business Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau October 1, 2016 0Casino owners in Macau are bracing themselves for a potential downturn in VIP high-stakes business following news that Chinese Premier...
Macau government re-opens Light Rapid Transit tender with 2019 target Martin Chua Latest Casino and Gambling NewsMacauMergers, Acquisitions & Partnerships September 29, 2016 0After suspending the previous deal following a dispute with the original contractor, the Transportation Infrastructure Office has re-launched the tender...
Initial consensus reached on Macau out-of-hours casino staff ban Martin Chua Latest Casino and Gambling NewsGaming Law & LegislationMacau September 28, 2016 0The Gaming Inspection And Coordination Bureau (DICJ) of Macau has reportedly revealed that it has reached a preliminary consensus regarding...
Macau junket operator reports steep decline in rolling chip turnover Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau September 23, 2016 0After closing its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau...