Macau | World Casino News

First-quarter results highlight the importance of Entertainment City

May 17, 2019

Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Philippines

The gaming industry in the Philippines reportedly recorded aggregated first-quarter gross gaming revenues of just over $1.1 billion with the majority of this at around $756 million having come from the three La...

Philippines casino market predicted to outpace competition

Adam Morgan

May 14, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

New research from financial services firm Morgan Stanley Asia Limited has reportedly determined that the casino market in the Philippines is ‘growing faster’ than the analogous sectors of Macau, Las Vegas and S...

April sees record high passengers via Macau International Airport

Marie Kelley

May 10, 2019

Latest Casino and Gambling News, Gaming Industry News, Macau

The month of April was a record breaker when it comes to the number of passengers traveling through the Macau International Airport. The Airport issued a statement this week revealing that the passenger through...

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...

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...

G2E Asia coming soon to The Venetian Macao

Marie Kelley

April 30, 2019

Latest Casino and Gambling News, Conferences / Trade Shows, Macau

Global Gaming Expo Asia (G2E Asia) is known in the gambling industry as a key hub for gaming and entertainment business professionals of the continent. The marketplace is a must-visit for the gaming and enterta...

Cost-saving initiative leads to job losses at MGM Resorts International

Adam Morgan

April 26, 2019

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Labor Relations

American casino operator, MGM Resorts International, has reportedly followed through with a portion of a cost-saving initiatives first unveiled in January by announcing the immediate elimination of some 254 sen...

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...

Macau sees solid tax revenue increase from gaming for first quarter of 2019

Marie Kelley

April 24, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first quarter numbers are in for Macau, with 2019 already resulting in a nice increase in gaming tax revenue. Macau has seen over MOP29.64 billion generated, which equals to $3.67 billion USD. The Financial...

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...

Paphos satellite casino plans for Melco International Development Limited

Adam Morgan

April 16, 2019

Latest Casino and Gambling News, Casino News, Casino openings, Casino project updates, Cyprus, Mergers, Acquisitions & Partnerships

Asian gaming and entertainments giant, Melco International Development Limited, has reportedly announced that it has selected the city of Paphos to serve as the home for its fourth and final Cypriot satellite c...

Crown Resorts Limited divulges takeover talks involvement

Adam Morgan

April 11, 2019

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

Australian casino operator, Crown Resorts Limited, has reportedly revealed that it is holding talks regarding a $7.1 billion deal that could see it sold to American counterpart, Wynn Resorts Limited. Private...

MGM Resorts International establishes Japanese partnership

Adam Morgan

March 25, 2019

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

American casino operator MGM Resorts International has reportedly inked deal that is to see it partner with local financial services firm Orix Corporation in hopes of bringing an integrated casino resort to the...

Operator announces revised opening date for Jeju Dream Tower

Adam Morgan

March 21, 2019

Latest Casino and Gambling News, Casino News, Casino project updates, South Korea

In South Korea, the firm behind the under-construction Jeju Dream Tower integrated casino resort has reportedly announced that it is now hoping to have completed all work on the coming $606.6 million developmen...

South Korea to consider raising minimum casino player age

Adam Morgan

March 11, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, The Players Lounge, South Korea

In South Korea, legislation has reportedly been introduced that would raise the current minimum age for all players wishing to enjoy the delights of the nation’s many casinos by a further two years to 21. Mu...