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Imperial Palace Saipan development secures $500 million loan

May 16, 2019

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

In the Commonwealth of the Northern Mariana Islands, Imperial Pacific International Holdings Limited has reportedly announced that it has secured a large loan to help it complete construction on the first stage...

Hoiana casino management deal inked by Suncity Group Holdings Limited

Adam Morgan

May 15, 2019

Latest Casino and Gambling News, Casino News, New Hotels, Casino project updates, Mergers, Acquisitions & Partnerships, Vietnam

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced that it has signed an agreement that is to give it the exclusive right to operate gaming operations inside Vietnam’s under-constru...

Melco Resorts and Entertainment Limited initiates job reduction scheme

Adam Morgan

May 13, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Employment & Careers, Macau

In an attempt to help shield itself from an anticipated drop-off in Macau’s future VIP gaming market, Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly initiated a scheme that is of...

MGM Cotai granted official approval for its new-style smoking lounges

Adam Morgan

May 10, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Macau

In Macau, the giant MGM Cotai integrated casino resort from MGM China Holdings Limited has reportedly become the latest gambling venue to have had its new-style smoking lounges approved by the city’s Health Bur...

Fraudulent website warning issued by Macau Legend Development Limited

Adam Morgan

May 8, 2019

Latest Casino and Gambling News, Online gambling regulation, New online casinos, Lottery, The Players Lounge, Unlicensed Operation, Online Gambling News, Macau, Crime, Licensing, Fines, Lawsuits & Litigation

Asian casino operator, Macau Legend Development Limited, has reportedly been forced to issue an official statement warning the wider public about an ostensibly fraudulent website that is allegedly utilizing its...

Macau junket firms launch VIP operations in Sihanoukville

Adam Morgan

May 7, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Casino News, Casino openings, Mergers, Acquisitions & Partnerships

Two of Macau’s most prominent junket firms have reportedly recently established VIP-facing operations inside a small casino situated within a new beachfront resort located in the southern Cambodian city of Siha...

Macau’s Sands Cotai Central set to lose Holiday Inn brand

Adam Morgan

May 6, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Macau

In Macau, the Sands China Limited subsidiary of Las Vegas Sands Corporation has reportedly announced that it will be dropping the Holiday Inn brand from its Sands Cotai Central venue as part of the process to r...

Studio City Macau investor files for bankruptcy in the United States

Adam Morgan

May 3, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Bankruptcy

A firm with a minority stake in the operator behind the giant Studio City Macau integrated casino resort has reportedly filed for permission to institute Chapter 11 bankruptcy protections after being unable to ...

Macau records disappointing April aggregated gaming revenues

Adam Morgan

May 1, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Last month reportedly saw the over 30 casinos in Macau chalk up an 8.3% decrease year-on-year in aggregated gross gaming revenues to just over $2.91 billion to leave the comparable four-month tally some 2.4% lo...

MGM Resorts International remains on the lookout for more Japanese partners

Adam Morgan

April 30, 2019

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

The boss for American casino operator, MGM Resorts International, has reportedly declared that his firm is interested in attracting even more partners to help it win the right to bring an integrated casino reso...

Sands China Limited due to retain dominant Macau position into the future

Adam Morgan

April 29, 2019

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

The Sands China Limited subordinate of American casino giant, Las Vegas Sands Corporation, is likely to retain its position as the ‘largest operator’ in Macau’s mass-market gaming industry over the course of th...

Macau expecting to register record-breaking Labor Day tourist numbers

Adam Morgan

April 27, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

After welcoming a record number of tourists over the most recent Chinese New Year period, Macau is reportedly now expecting to chalk up as much as a 20% rise year-on-year in visitations for next week’s four-day...

Saipan acquisition for Imperial Pacific International Holdings Limited

Adam Morgan

April 26, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Casino project updates, Saipan, Licenses, Mergers, Acquisitions & Partnerships

On the Pacific Ocean island of Saipan and casino operator, Imperial Pacific International Holdings Limited, has reportedly announced the signing of a deal that is to see it take over the lease for the shuttered...

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Adam Morgan

April 24, 2019

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

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced the completion of a deal that has seen it pay approximately $91.5 million in order to acquire a controlling stake in Russian casin...

Chinese legislators approve Hengqin Island redevelopment proposal

Adam Morgan

April 19, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, New Hotels, Gaming Industry News

In China, legislators have reportedly approved a plan that could see Hengqin Island transformed into a tourist-friendly zone complete with a range of innovative leisure and entertainment facilities. Non-gami...