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Las Vegas Sands Corporation facing $12 billion lawsuit in Macau

June 9, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Macau and Las Vegas Sands Corporation is reportedly facing a $12 billion lawsuit over allegations tied to its receipt of a casino license in the world’s biggest gambling hub some two decades ago. Accordin...

NagaCorp Limited institutes Cambodian cost-cutting program

Adam Morgan

June 7, 2021

Latest Casino and Gambling News, Cambodia, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers

Asian casino operator NagaCorp Limited has reportedly announced the implementation of a series of ‘proactive measures’ concerning its NagaWorld facility in Cambodia that are to involve extensive job lay-offs an...

South Shore Holdings Limited facing the prospect of being wound up

Adam Morgan

June 4, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Macau

The operator behind Macau’s luxury The 13 hotel has reportedly announced that it has been served with a statutory demand for the immediate repayment of an outstanding debt believed to be worth in the region of ...

Wakayama Prefecture picks its preferred casino operating partner

Adam Morgan

June 2, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and Wakayama Prefecture has reportedly selected the Clairvest Neem Ventures subsidiary of Canadian private equity management firm Clairvest Group Incorporated to serve as its preferred casino operating...

Morgan Stanley reduces Macau annual gaming revenues prediction

Adam Morgan

May 27, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The continuing impacts of the coronavirus pandemic have reportedly prompted global brokerage and investments firm Morgan Stanley to lower its predicted 2021 aggregated gross gaming revenues forecast for Macau. ...

Tough times continuing for South Shore Holdings Limited

Adam Morgan

May 21, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Macau

In Macau and the company behind the luxury The 13 hotel has reportedly issued a profit warning after informally revealing that it expects to record an around $122.3 million deficit for the twelve months to the ...

Galaxy Entertainment Group Limited abandons Yokohama casino license race

Adam Morgan

May 18, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

Asian casino operator Galaxy Entertainment Group Limited is reportedly out of the race to help bring an integrated casino resort to the Japanese city of Yokohama after deciding not to take part in the request f...

Wakayama Prefecture loses integrated casino resort operator candidate

Adam Morgan

May 14, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and the government for Wakayama Prefecture has reportedly announced that Suncity Holdings Japan Company Limited has pulled out of the race to be named as the operator for the jurisdiction’s envisioned ...

Grand Lisboa Palace expecting to ‘soft launch’ in Macau before the end of June

Adam Morgan

May 5, 2021

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it expects to ‘soft launch’ its new Grand Lisboa Palace property before the end of June in advance of conducting a full thir...

Macau casinos likely to benefit from the introduction of ‘digital yuan’ currency

Adam Morgan

April 30, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Technology, Economy/Finance, Macau

The introduction into Macau of a digital version of the yuan currency currently being trialled by the government of China should prove to be a long-term positive for the city’s collection of almost 40 casinos. ...

MGM China Holdings Limited anticipating a busy Labour Day public holiday

Adam Morgan

April 29, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and casino operator MGM China Holdings Limited has reportedly announced that it expects its pair of local properties to be at near full capacity for the upcoming Labour Day public holiday. According...

Sands China Limited experiencing premium-mass gaming revenues recovery

Adam Morgan

April 22, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and local casino operator Sands China Limited has reportedly announced that its gross gaming revenues from the premium-mass segment have been recovering and currently stand at around 50% of their pre-p...

Sands China Limited denying any involvement with Asian iGaming domain

Adam Morgan

April 15, 2021

Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Unlicensed Operation, Online Gambling News, Macau, Crime

In Macau and local casino operator Sands China Limited has reportedly been forced to issue a statement distancing itself from any connection to an Asian iGaming domain being marketed using the trademarked name ...

Annual frustration for Landing International Development Limited

Adam Morgan

April 2, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

Chinese real estate firm Landing International Development Limited has reportedly released its financial results for 2020 showing that it suffered an overall loss of about $272.65 million owing mainly to a stee...

Annual deficit for Macau’s Success Universe Group Limited

Adam Morgan

March 31, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and local casino firm Success Universe Group Limited has reportedly disclosed that it lost approximately $18.3 million last year due in large part to the temporary coronavirus-related shutdown of its f...