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Macau records lacklustre June aggregated gross gaming revenues

July 1, 2020

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

The 39 casinos in Macau reportedly saw their aggregated gross gaming revenues for June drop by almost 97% year-on-year to just over $89.69 million due in large part to the impact of ongoing coronavirus-related ...

September expectations for Sands China Limited’s new The Londoner Macao

Adam Morgan

June 30, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino project updates, Macau

In Macau and the boss for local casino operator Sands China Limited has reportedly announced that the first stage of his firm’s $2 billion project to transform its giant Sands Cotai Central development into the...

Serious ultimatum for Imperial Pacific International Holdings Limited

Adam Morgan

June 30, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Saipan, Licenses, Labor Relations, Fines, Lawsuits & Litigation

In the Commonwealth of the Northern Mariana Islands and the firm behind the under-construction Imperial Palace Saipan has reportedly been told that it will lose its casino operating license in 15 days if it doe...

Official ultimatum for operator behind struggling Imperial Palace Saipan

Adam Morgan

June 26, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Saipan, Licenses, Fines, Lawsuits & Litigation

In the Commonwealth of the Northern Mariana Islands and the firm behind the under-construction Imperial Palace Saipan has reportedly been officially ordered to appoint a new leader by July 10 or risk the prospe...

NagaCorp Limited mulling possible new share offering

Adam Morgan

June 22, 2020

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

Asian casino operator NagaCorp Limited has reportedly announced that it is considering whether to launch a new share offering in order to top up its liquidity and give it the resources to better weather a slowd...

Okura Holdings Limited counting the cost of coronavirus-related closures

Adam Morgan

June 17, 2020

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

In Japan and prominent pachinko operator Okura Holdings Limited has reportedly issued a profit warning amid news that it is expecting to register an 83% comparable decline in earnings before tax for the eleven ...

Wynn Macau Limited warning of April and May earnings deficit

Adam Morgan

June 12, 2020

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

Asian casino operator Wynn Macau Limited has reportedly warned investors that it is expecting to record a combined loss of up to $126.1 million in adjusted earnings before interest, tax, depreciation and amorti...

International Entertainment Corporation reveals Manila casino plan

Adam Morgan

June 11, 2020

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

Asian hotel and leisure operator International Entertainment Corporation has reportedly informed investors that one of its subsidiaries is hoping to be given permission to bring an integrated casino resort to t...

Recovery in Macau aggregated gross gaming revenues remains elusive

Adam Morgan

June 1, 2020

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

Travel restrictions implemented to help stop the spread of coronavirus were reportedly largely to blame as Macau recorded a 93.2% year-on-year decrease in aggregated gross gaming revenues for last month to just...

MGM China Holdings Limited secures enlarged credit facility

Adam Morgan

May 27, 2020

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

Macau casino operator MGM China Holdings Limited has reportedly announced that it has been granted a new revolving credit facility that it will utilize to help its business survive the recent slowdown caused by...

Macau casino tycoon Stanley Ho Hung Sun passes away at the age of 98

Adam Morgan

May 26, 2020

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

One of the key men responsible for transforming Macau into the world’s premiere casino hotspot, Stanley Ho Hung Sun (pictured), reportedly passed away at a Hong Kong hospital early this morning at the age of 98...

Ominous legal plea for embattled Imperial Palace Saipan

Adam Morgan

May 25, 2020

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

In the Commonwealth of the Northern Mariana Islands and the operator behind the Imperial Palace Saipan has reportedly warned that it may be forced to permanently close the giant facility should it be compelled ...

South Shore Holdings Limited investor calls special general meeting

Adam Morgan

May 22, 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 is set to hold a special general meeting so as to vote on a resolution that could well see one of its senior directors str...

Macau experiences significant decrease in April visitor numbers

Adam Morgan

May 22, 2020

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

Ongoing border restrictions put in place to help combat the coronavirus pandemic have reportedly helped to push Macau’s visitor numbers for last month down by 99.7% year-on-year to only 11,041. According to ...

City of Dreams Mediterranean construction work resumes

Adam Morgan

May 8, 2020

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

In Cyprus and casino operator Melco International Development Limited has reportedly announced that it has renewed building work on its coming City of Dreams Mediterranean development following the lifting of l...