Tagged City of Dreams

Melco Resorts and Wynn cease junket operations in Macau

December 28, 2021

Latest Casino and Gambling News, Gaming Industry News, Macau

Casino operators have started shutting down junket operations in Macau. Both Melco Resorts and Entertainment Ltd., along with Wynn Macau Ltd. are no longer offering junket services in the SAR. It is expected th...

Stars Group and International Entertainment Corporation sign live event agreement

Sadonna Price

May 23, 2018

Latest Casino and Gambling News, Poker Tournaments, Poker, Asian Casino News, Mergers, Acquisitions & Partnerships

PokerStars will now be hosting new live branded poker events across Asia, thanks to an agreement signed between the Stars Group and International Entertainment Corporation (IEC), a company based in Hong Kong. T...

Melco reveals June 15 Morpheus opening date

Sadonna Price

May 15, 2018

Latest Casino and Gambling News, New Hotels, Macau

Melco Resorts and Entertainment Limited (NASDAQ: MLCO) has announced that its latest hotel development will be opening soon. The $1.1 billion Morpheus hotel tower designed by the late Dame Zaha Hadid will be re...

Poker issues continue in Macau after policy changes

Sadonna Price

May 10, 2018

Latest Casino and Gambling News, Poker Law, China, Poker, Macau

The government of China recently decided to crack down on online poker applications, which has resulted in a series of issues within the poker industry of Macau. To date, two poker rooms have closed and a new t...

One of the strongest typhoons on record hits Macau, southern China

Sadonna Price

August 24, 2017

Latest Casino and Gambling News, Macau

Wednesday, August 23, a huge tropical storm ripped through Macau and southern China bringing damage to casino resorts as well as homes and other businesses in the region. Typhoon Hato caused officials in Hong K...

Okada Manila to fully open from February 17

Adam Morgan

February 1, 2017

Latest Casino and Gambling News, Casino openings, Philippines

After holding a “soft launch” for the first phase of its Okada Manila integrated casino resort at the end of December, Tiger Resort Leisure And Entertainment Incorporated is reportedly set to fully open the $2....

Melco Crown Chairman Lawrence Ho to take on more responsibility after COO resigns

Renee Kingsley

November 9, 2016

Latest Casino and Gambling News, World Casino News, Employment & Careers, Macau

Hong Kong casino tycoon Lawrence Ho gained control over Melco Crown Entertainment Ltd earlier this year after James Packer’s Crown Resorts decided to reduce its stake in the company. Melco Crown is one of the s...

Okada Manila planning to add cruise ship port

Adam Morgan

September 26, 2016

Latest Casino and Gambling News, Casino project updates, Philippines

After stating earlier this month that it wanted to promote the Philippines as a destination for luxury cruise operators, Tiger Resort Leisure And Entertainment Incorporated has reportedly announced plans to add...

Macau ban fuels rise in Philippines second-quarter gross casino revenues

Adam Morgan

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Casinos in the Philippines reported a 30% increase year-on-year in aggregate gross casino revenues for the three months to the end of June to approximately $711.68 million due in part to a rise in the popularit...

Okada Manila wants to open by co-hosting next Miss Universe pageant

Adam Morgan

September 23, 2016

Latest Casino and Gambling News, Casino project updates, Philippines

Tiger Resort Leisure And Entertainment Incorporated has announced that it is on schedule to open the $2.4 billion first phase of its Okada Manila integrated casino resort before the end of the year and wants to...

Crown Resorts Limited annual profit hurt by depressed Macau market

Adam Morgan

August 17, 2016

Latest Casino and Gambling News, Australia, Economy/Finance

Australian casino operator Crown Resorts Limited has released its financial results for the twelve months to the end of June showing a 22.7% decline year-on-year in normalized net profit after tax to $406.2 mil...

Crown Resorts placed on Rating Watch Negative

Adam Morgan

June 20, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Mergers, Acquisitions & Partnerships

Australian casino operator Crown Resorts has been placed on Rating Watch Negative by credit ratings agency Fitch Ratings after it announced plans to de-merger some of its international assets. Melbourne-base...

Crown Resorts to cleave Australian and overseas companies

Martin Chua

June 15, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Crown Resorts Ltd announced in a filing with the Australian Securities Exchange Wednesday that they plan to separate most of their non-Australian located businesses from their domestics. They will also explore ...

Analyst says nearby construction hurting Studio City’s opening momentum

K Morrison

April 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

A note from Sterne Agee CRT on Monday stated that Melco Crown’s new Studio City is being hurt by continued disruptions going on next to the property. While the U.S.-based brokerage said it still believes tha...

City of Dreams expanded retail space to open mid-year

Sadonna Price

March 23, 2016

Latest Casino and Gambling News, Casino project updates, Macau

Melco Crown Entertainment Ltd has been working on the City of Dreams casino resort of Macau for some time now, with several aspects in the works. According to chief executive of Melco Crown Entertainment and co...