Kazuo Okada’s Universal Entertainment loses defamation case against Reuters Japan Renee Kingsley Latest Casino and Gambling NewsJapanFines, Lawsuits & LitigationPhilippines November 18, 2016 0Billionaire Kazuo Okada, the chairman of Japanese based Universal Entertainment, had filed a case against the Japanese division of Thomson...
PhilWeb Corporation hopes to secure e-Games licenses by year’s end Adam Morgan Latest Casino and Gambling NewsLicensesPhilippines November 15, 2016 0After announcing last month that it intends to “reapply” for licenses to operate its network of e-Games-branded parlors, Philippines online...
Melco Crown Chairman Lawrence Ho to take on more responsibility after COO resigns Renee Kingsley Latest Casino and Gambling NewsWorld Casino NewsEmployment & CareersMacau November 9, 2016 0Hong Kong casino tycoon Lawrence Ho gained control over Melco Crown Entertainment Ltd earlier this year after James Packer’s Crown...
$15 million returned to Bangladesh from $81m stolen in cyber heist Lars Jones Latest Casino and Gambling NewsMoney LaunderingFinancial FraudPhilippines November 8, 2016 0A team from the Bangladesh Bank was in Manila Monday to start the process of moving some of the $81...
Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceMacau November 7, 2016 0Macau’s casino industry has experienced three consecutive months of increase in its gross gaming revenues (GGR) and gaming analysts believe...
Belle Corporation terminates revenue sharing agreement with LRWC Adam Morgan Latest Casino and Gambling NewsMergers, Acquisitions & PartnershipsPhilippines November 7, 2016 0Philippines real estate and investments firm Belle Corporation has announced the termination of its revenue sharing agreement with retail gaming...
Casinos in the Philippines set to benefit as the country’s relationship with China continues to improve Renee Kingsley Latest Casino and Gambling NewsChinaPhilippines November 5, 2016 0The Philippines and China have not had the best of relationships in the past, but things are looking better for...
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...
Philippine Supreme Court upholds Solaire’s exemption from corporate taxes Kim M Latest Casino and Gambling NewsEconomy/FinanceTaxationFines, Lawsuits & LitigationPhilippines November 1, 2016 0The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from...
Philippines operator reports improved nine-month net income Adam Morgan Latest Casino and Gambling NewsEconomy/FinancePhilippines October 29, 2016 0The Philippine Amusement and Gaming Corporation has released its financial results for the nine months to the end of September...
Crown Resorts Limited to offload more of its business Adam Morgan Latest Casino and Gambling NewsAustraliaEconomy/FinanceMacau October 20, 2016 0After seeing 18 of its representatives arrested in China over the weekend, Australian casino operator Crown Resorts Limited has now...
Melco International Consortium is the only operator to submit a proposal for Cyprus casino Renee Kingsley Latest Casino and Gambling NewsCasino proposalsCyprusLicenses October 6, 2016 0Melco International Development Ltd led by Hong Kong tycoon Lawrence Yo confirmed that the Melco International Consortium met the October...
Alliance Global finalizing master plan for Westside City Kim M Latest Casino and Gambling NewsCasino project updatesPhilippines October 4, 2016 0After an annual stockholders’ meeting on Thursday, Sept 29, Kingson U. Sian, the president and chief operating officer of Alliance...
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...