Tagged macau

Las Vegas Sands Corporation boss expresses Marina Bay Sands optimism

April 28, 2022

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

The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that he expects his company’s Marina Bay Sands property to rack up $1 billion in adjusted earnings before interest, tax...

United Arab Emirates looking to potentially legalize casino gambling

Adam Morgan

April 15, 2022

United Arab Emirates, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Lottery

The casino hotspots of Las Vegas and Macau could soon have another substantial rival in the United Arab Emirates after the Middle Eastern nation of almost 9.3 million people reportedly revealed that it intends ...

Grand Emperor Hotel to stop satellite casino operations by June

Sadonna Price

April 4, 2022

Latest Casino and Gambling News, Macau

The Grand Emperor Hotel in Macau has plans to cease casino gaming operations by this summer. Just a few days ago, the facility announced that its casino will be closed by June 26, 2022. The decision was made ba...

Matt Bekier resigns as boss of The Star Entertainment Group Limited

Adam Morgan

March 28, 2022

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

In Australia and the boss for The Star Entertainment Group Limited has reportedly announced his resignation at the same time as another senior executive officially confirmed to an ongoing public inquiry that th...

Suncity Group found unsuitable to operate in the Philippines

Adam Morgan

March 28, 2022

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

Asian junket giant Suncity Group has reportedly been found unsuitable to operate in the Philippines after an official investigation uncovered proof that it may have been guilty of withholding funds from custome...

Golden Dragon Group plans to shut down its Macau satellite casinos this year

Sadonna Price

March 28, 2022

Latest Casino and Gambling News, Macau

As amendments are in the works for the gaming law of Macau, one satellite operator has plans to shut down gaming properties. Golden Dragon Group, a company operated by Chan Meng Kam, will be shutting down four ...

Value of the global casino market expected to top $150 billion by 2026

Adam Morgan

March 21, 2022

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Asian Casino News

American market research firm Global Industry Analysts Incorporated has announced that it expects the world’s online and land-based casino industry to be worth more than $150 billion by the end of 2026. The ...

Las Vegas Sands Corporation in talks regarding new Asian casino resort

Adam Morgan

March 14, 2022

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships

The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that his firm is in negotiations with ‘a major country’ in Asia regarding the possible development of a new gambling-fr...

Macau’s gross gaming revenue reach MOP$7.76bn ($964m) in February

Sadonna Price

March 1, 2022

Latest Casino and Gambling News, Economy/Finance, Macau

Macau Casinos are doing quite well in 2022, as the most recent earnings figures have been released, showing an increase for February. In total, the region generated MOP$7.76 billion ($964 million) for the month...

Macau gaming tax increases in 2021 to MOP$33.91 billion

Sadonna Price

February 21, 2022

Latest Casino and Gambling News, Economy/Finance, Macau

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13....

New South Wales regulator chasing Melco Resorts and Entertainment Limited

Adam Morgan

February 7, 2022

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

In Australia and the gaming regulator for the state of New South Wales has reportedly launched legal proceedings against Asian casino operator Melco Resorts and Entertainment Limited in an attempt to recover ap...

Wynn Resorts Limited unveils Al Marjan Island integrated resort plan

Adam Morgan

January 26, 2022

United Arab Emirates, Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American casino operator Wynn Resorts Limited has announced that it is to partner with developer RAK Hospitality Holding in order to build and run a multi-billion-dollar integrated resort in the United Arab Emi...

Zhuhai COVID-19 outbreak causes revenues to drop in Macau

Sadonna Price

January 24, 2022

Latest Casino and Gambling News, Economy/Finance, Macau

COVID-19 continues to rear its ugly head in Macau, this time causing revenues to drop once again. Last week, a huge dip in revenues was seen after border restrictions were tightened after an outbreak of the vir...

Melco Resorts and Wynn cease junket operations in Macau

Sadonna Price

December 28, 2021

Latest Casino and Gambling News, Gaming Industry News, Macau

Casino operators have started shutting down junket operations in Macau. Both Melco Resorts and Entertainment Ltd., along with Wynn Macau Ltd. are no longer offering junket services in the SAR. It is expected th...

Resorts World Sentosa advanced AI surveillance scheme suffering delays

Adam Morgan

December 6, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino Cheating, Gaming Industry News, Technology, Data Protection, Mergers, Acquisitions & Partnerships, Crime, Singapore

In Singapore and a project that was due to increase casino security within the Resorts World Sentosa development via the use of artificial intelligence (AI) has reportedly been delayed owing to numerous technic...