Hong Kong | World Casino News

Welcome financial news from Imperial Pacific International Holdings Limited

October 20, 2020

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

In the Commonwealth of the Northern Mariana Islands and besieged casino operator Imperial Pacific International Holdings Limited has reportedly asked a federal court to allow a foreign investor to place slightl...

Meagre early-October success for Macau casinos

Adam Morgan

October 13, 2020

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

The first eleven days of October reportedly saw the 39 casinos in Macau record average daily aggregated gross gaming revenues that were some 221% higher month-on-month at approximately $30 million. According...

Brokerage predicts long road to recovery for Macau casino industry

Adam Morgan

October 9, 2020

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

The Asian branch of financial services giant JP Morgan Securities has reportedly announced that it expects aggregated gross gaming revenues for the 39 casinos in Macau to reach as high as $36.58 billion for the...

NagaWorld recording positive post-coronavirus recovery

Adam Morgan

October 5, 2020

Latest Casino and Gambling News, Cambodia, Casino News, Casino openings, Gaming Industry News, Economy/Finance

Asian casino operator NagaCorp Limited has reportedly announced that business at its NagaWorld facility in Cambodia is quickly recovering after being shut down for a 14-week period from April 1 due to the coron...

Manila casino authorization for International Entertainment Corporation

Adam Morgan

September 23, 2020

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

Following many months of negotiations and Asian hotel and leisure operator International Entertainment Corporation has reportedly announced that it has finally received conditional approval to transform one of ...

Macau legislator comes out in favor of limited legalized iGaming

Adam Morgan

September 23, 2020

Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Macau, Sports betting, Taxation

In Macau and a senior legislator has reportedly urged the government to consider legalizing some forms of iGaming so as to help the city’s public coffers recover from the ongoing impact of the coronavirus pande...

Junket boss acquires significant stake in Macau Legend Development Limited

Adam Morgan

September 15, 2020

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

In Macau and an entity controlled by local businessman Chan Weng Lin (pictured) has reportedly paid approximately $173 million in order to purchase a 20.65% stake in Asian casino operator Macau Legend Developme...

Macau casinos see light at the end of the coronavirus tunnel

Adam Morgan

September 8, 2020

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

The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximate...

Macau gaming regulator refutes lottery legalization rumors

Adam Morgan

September 7, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Macau, Sports betting

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly poured cold water on speculation that it may be about to launch a lottery similar to the Mark Six service already offered to p...

More misery for the owner of Macau’s luxury The 13 hotel

Adam Morgan

September 2, 2020

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

In Macau and the company behind the luxury The 13 hotel has reportedly revealed that it has terminated negotiations that were to have seen it offload at least a 50% stake in the 200-room property. According ...

Novomatic AG inks Asia-Pacific distribution alliance

Adam Morgan

September 2, 2020

Austria, Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Asian Casino News, Oceania Casino News, Mergers, Acquisitions & Partnerships

European gaming machines giant Novomatic AG has reportedly inked a non-exclusive deal that is to see Australian counterpart Ainsworth Game Technology Limited serve as its official Asia-Pacific distribution part...

Macau casinos record disappointing August gaming revenues

Adam Morgan

September 1, 2020

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

The 39 casinos in Macau reportedly continued to be negatively impacted by the coronavirus pandemic last month as their aggregated gross gaming revenues decreased by 94.5% year-on-year to stand at just over $166...

Dire second-quarter financials for Galaxy Entertainment Group Limited

Adam Morgan

August 13, 2020

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

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its second-quarter financial results showing that it experienced a loss of approximately $176.77 million as its overall net reven...

China to begin issuing Macau travel visas from August 26

Adam Morgan

August 11, 2020

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

Government officials in mainland China have reportedly announced that they are to once again begin allowing residents of Guangdong Province to visit Macau utilizing Individual Visit Scheme (IVS) and group trave...

Imperial Pacific International Holdings Limited investor offloads shares

Adam Morgan

August 10, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Casino project updates, Money Laundering, Economy/Finance, Saipan, Conspiracy, Crime, Fines, Lawsuits & Litigation

Billionaire Chinese businesswoman Cui Li Jie has reportedly offloaded 1.54% of her stake in besieged casino operator Imperial Pacific International Holdings Limited after a steep decline in its share price trig...