Tagged macau

New South Wales regulator extends Crown Sydney liquor license

October 11, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Casino project updates, Money Laundering, Economy/Finance, Licenses, Crime, Fines, Lawsuits & Litigation

Australian casino giant Crown Resorts Limited has reportedly had the liquor license for its new Crown Sydney development extended by a further eight months but is still awaiting news on when it will be able to ...

MGM Resorts International designated as official Osaka casino partner

Adam Morgan

September 17, 2021

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

In Japan and the city of Osaka has reportedly selected a consortium being led by MGM Resorts International to be the preferred operating partner for its tilt at winning one of the nation’s coming trio of integr...

Yokohama exit for Melco Resorts and Entertainment Limited

Adam Morgan

September 13, 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 Melco Resorts and Entertainment Limited has now reportedly followed Genting Singapore Limited in officially exiting the race to bring an integrated casino resort to the city of Yokohama. Accordi...

Philippines regulator expecting to post improved annual tax revenues

Adam Morgan

September 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Philippines

The boss for the Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly predicted that her organization expects to bring in aggregated tax revenues for this year of up to $756 million. ...

South Shore Holdings must take action or face delisting on Hong Kong Stock Exchange

Sadonna Price

August 12, 2021

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

Owner of THE 13 in Macau, South Shore Holdings recently announced the company is at risk of being delisted from the Hong Kong Stock Exchange. The operator must now complete specific steps to avoid this action. ...

China records significant increase in prosecutions of gambling-related crimes

Adam Morgan

July 26, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Sports betting, Crime, Financial Fraud

In China and the Supreme People’s Procuratorate has reportedly announced that it prosecuted 46,575 people over the course of the first six months of 2021 for gambling-related crimes. According to a report fr...

Las Vegas Sands Corporation to invest in ‘digital gaming technologies’

Adam Morgan

July 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Las Vegas, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

In a break from its long-held opposition to online gambling and American land-based casino operator Las Vegas Sands Corporation has recently disclosed that it intends to ‘become a strategic investor in digital ...

Sega Sammy Holdings Incorporated prepared to spend big in Japan

Adam Morgan

June 15, 2021

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

In Japan and gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that it is now prepared to spend up to $1.09 billion in order to bring an integrated casino resort to the city of Yokoh...

Clairvest Neem Ventures unveils pair of Wakayama Prefecture partners

Adam Morgan

June 8, 2021

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

In Japan and the firm that was last week selected as the preferred operating partner for Wakayama Prefecture’s envisioned integrated casino resort development has now reportedly unveiled a pair of partners that...

South Shore Holdings may lose engineering arm due to accrued debt

Sadonna Price

May 24, 2021

Latest Casino and Gambling News, Gaming Industry News, Macau

Operated of The 13 Hotel in Macau, South Shore Holdings could lose its engineering company in the near future due to accrued debts. Paul Y. Engineering Group Limited is set to be taken over by a lender to South...

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...

Golden Weeks pushes Macau back to within 50% of pre-COVID-19 revenue levels

Sadonna Price

May 7, 2021

Latest Casino and Gambling News, Economy/Finance, Macau

The recovery process continues in Macau as gaming operators have recorded their best week since the early days in 2020 during Golden Week this month. Gross gaming revenues came in at around 50% of the levels th...

Macau continues recovery in April with 1.1% month-on-month increase in casino GGR

Sadonna Price

May 3, 2021

Latest Casino and Gambling News, Economy/Finance, Macau

The economic recovery process continues in Macau. New reports have been provided for April totals, showing the region earned a gross gaming revenue of MOP$8.4 billion in April. This is equal to $1.05 billion in...

Macau’s gradual COVID-19 recovery process continues as GGR reaches daily MOP$300m

Sadonna Price

April 20, 2021

Latest Casino and Gambling News, Economy/Finance, Macau

Macau is slowly getting back to normal after dealing with the COVID-19 pandemic for more than a year now. This past week, gross gaming revenues reached a new high, coming in at MOP$300 million ($37.5m) on a dai...

Fitch Ratings Incorporated advises caution on MGM China Holdings Limited float

Adam Morgan

March 30, 2021

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

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a pessimistic ‘BB-’ grade to the $750 million senior notes offer recently floated by Asian casino operator MGM China Holdings L...