Macau | World Casino News

Sega Sammy Holdings Incorporated prepared to spend big in Japan

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...

Las Vegas Sands Corporation to conduct Singapore anti-money laundering probe

Adam Morgan

March 29, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Singapore

In Singapore and casino operator Las Vegas Sands Corporation has reportedly established a special in-house committee to look into the efficacy of anti-money laundering procedures at its iconic Marina Bay Sands ...

Genting Malaysia Berhad boss helping to bail out Genting Hong Kong Limited

Adam Morgan

March 25, 2021

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

The Chairman and Chief Executive Officer for Asian casino giant Genting Malaysia Berhad has reportedly purchased a substantial stake in a luxury yacht enterprise as part of an effort to help save his own firm’s...

MGM Resorts Limited being sued over ‘deceptive’ resort fee allegations

Adam Morgan

March 11, 2021

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation

American casino operator MGM Resorts International is reportedly facing a lawsuit over allegations that it has earned hundreds of millions of dollars over the course of the last decade by charging ‘deceptive’ r...

Suncity Group announces VIP gaming clubs coming to Londoner Macao and Grand Lisboa Palace

Sadonna Price

February 26, 2021

Latest Casino and Gambling News, Gaming Industry News, Macau

Suncity Group is a Macau junket investor who recently announced that new VIP gaming clubs are coming to casino resorts in Cotai. The investor will be launching clubs at the Grand Lisboa Palace and the Londoner ...

Crown Resorts Limited hit with damning New South Wales verdict

Adam Morgan

February 9, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making...

Rich Goldman Holdings Limited issues profit warning

Adam Morgan

February 8, 2021

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

Asian junket operator Rich Goldman Holdings Limited has reportedly announced that it expects to detail a loss of approximately $2.32 million for the six months to the end of December owing to depressed demand l...

Wynn Resorts Limited abandons race for Yokohama casino license

Adam Morgan

February 3, 2021

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

American casino operator Wynn Resorts Limited has reportedly announced that it is still hoping to enter the nascent Japanese market despite deciding not to take part in the latest request for proposal (RFP) sta...