Tagged hong kong

Digital yuan adoption forecast to benefit Macau’s casino industry

May 20, 2022

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

Global investments research firm Sanford C Bernstein Limited has reportedly predicted that China could begin relaxing some of its controls on the movement of cash into Macau if the enclave was to adopt the digi...

Primorsky Krai extends casino tax relief measures as sanctions begin to bite

Adam Morgan

April 21, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Russia

As international sanctions begin to bite and the government for the Russian territory of Primorsky Krai has reportedly passed legislation to extend a range of tax relief measure for local casino operators by a ...

Genting Malaysia Berhad boss potentially interested in launching a cruise line

Adam Morgan

April 19, 2022

Latest Casino and Gambling News, Casino News, Casino Cruise Ships, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Singapore

In Asia and speculation is reportedly mounting that the well-known Chairman for Genting Malaysia Berhad could reportedly be about to launch a new cruise line some three months after the liquidation of his Genti...

Melco Resorts and Entertainment Limited facing American de-listing

Adam Morgan

April 13, 2022

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

Asian casino operator Melco Resorts and Entertainment Limited could reportedly soon be de-listed from the Nasdaq bourse under rules adopted by the United States Securities and Exchange Commission in January. ...

Macau aggregated gaming revenues to remain in the coronavirus doldrums

Adam Morgan

April 12, 2022

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

The over 40 casinos in Macau are reportedly forecast to see their aggregated gross gaming revenues for April fall by as much as 13% month-on-month to something in the region of $395.76 million. According to ...

Sands China Limited remaining optimistic despite credit utilization

Adam Morgan

April 5, 2022

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

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has reportedly announced that it has accessed $201 million from its various credit facilities for ‘g...

Stanley Choi Chiu Fai resigns International Entertainment Corporation posts

Adam Morgan

April 4, 2022

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

Asian leisure enterprise International Entertainment Corporation has reportedly announced that billionaire businessman Stanley Choi Chiu Fai (pictured) has stepped down as its Chairman and Executive Director. ...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

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

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...

Summit Ascent Holdings Limited delays planned Tigre De Cristal expansion

Adam Morgan

March 23, 2022

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Russia

Asian casino operator Summit Ascent Holdings Limited has reportedly announced that the planned $200 million expansion of its Tigre De Cristal development is being postponed to ‘no earlier than 2025’ due to a ra...

South Korean firm investing in Russia’s far eastern casino zone

Adam Morgan

March 22, 2022

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

In Russia and the state-owned Primorsky Krai Development Corporation has reportedly signed a deal that is to see South Korean enterprise Plgen Holdings Company Limited bring a $23.9 million casino resort to the...

More delays for under-construction South Korea casino resort project

Adam Morgan

March 21, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, South Korea

In South Korea and the Chinese firm building an $800 million integrated casino resort near the port city of Incheon has for a second time reportedly been granted an official one-year extension to its constructi...

Asia Pioneer Entertainment Limited expecting to chalk up a 2021 slump

Adam Morgan

March 21, 2022

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

In Macau and electronic gaming machines heavyweight Asia Pioneer Entertainment Limited has reportedly announced that it soon expects to announce a decline of over 80% year-on-year in its aggregated 2021 revenue...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

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

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Disappointing weekend for Macau casino operators

Adam Morgan

March 15, 2022

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

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the on...

Naga Vladivostok disposal possibility for NagaCorp Limited

Adam Morgan

March 9, 2022

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

A prominent Asian financial services and trading specialist has reportedly predicted that local casino operator NagaCorp Limited may now be looking to sell off its under-construction Naga Vladivostok developmen...