Tagged Melco Crown

Sheldon Adelson is world’s richest gambling industry billionare

March 26, 2017

Latest Casino and Gambling News, U.S.A., Online gambling regulation, Gaming Industry News, Casino moguls, The Players Lounge, Macau, Nevada

Sheldon Adelson, owner of the Las Vegas Sands Corp. gambling company, has been named the world's richest gambling billionaire, according to Forbes Magazine. With his $30.4 billion fortune, Adelson is the 20th w...

AL Committee votes in favor of smoking lounges in Macau casinos

K Morrison

March 15, 2017

Latest Casino and Gambling News, Macau

The Law on Prevention and Control of Tobacco Smoke and possible exceptions to the smoking ban in Macau casinos were the topics of discussion at the 10th meeting of The Second Standing Committee of the Legislati...

Crown Resorts to abandon Alon Las Vegas and dispose more of its stake in Macau casinos

Renee Kingsley

December 15, 2016

Latest Casino and Gambling News, Las Vegas, Australia, Casino expansion projects, China, Economy/Finance, Macau

Crown Resorts is shuffling the deck. The Australian gambling giant had planned a demerger of its international assets and also had plans to develop the Alon Las Vegas casino, which would have been the first Cro...

Macau’s GGR shows fourth consecutive month of increase after 14 percent growth reported in November

Renee Kingsley

December 2, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry appears to be finally witnessing a turnaround after the Gaming Inspection and Coordination Bureau reported that gross gaming revenue (GGR) in the world’s biggest gambling hub had gone up...

Melco Crown Chairman Lawrence Ho to take on more responsibility after COO resigns

Renee Kingsley

November 9, 2016

Latest Casino and Gambling News, World Casino News, Employment & Careers, Macau

Hong Kong casino tycoon Lawrence Ho gained control over Melco Crown Entertainment Ltd earlier this year after James Packer’s Crown Resorts decided to reduce its stake in the company. Melco Crown is one of the s...

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Renee Kingsley

November 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry has experienced three consecutive months of increase in its gross gaming revenues (GGR) and gaming analysts believe that the biggest gambling hub in the world is finally experiencing a t...

Casinos in the Philippines set to benefit as the country’s relationship with China continues to improve

Renee Kingsley

November 5, 2016

Latest Casino and Gambling News, China, Philippines

The Philippines and China have not had the best of relationships in the past, but things are looking better for both countries after Philippine’s president Rodrigo Duterte visit to China in October. Philippine ...

Crown Resorts break-up plan gets positive response from Australian government and regulators

Renee Kingsley

August 19, 2016

Latest Casino and Gambling News, Australia, Macau, Financial Press Releases

Crown Resorts announced in June 2015 that it planned to break up its casino empire by separating its international business from its domestic operations and began discussions with the Australian government and ...

Crown Resorts to cleave Australian and overseas companies

Martin Chua

June 15, 2016

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

Crown Resorts Ltd announced in a filing with the Australian Securities Exchange Wednesday that they plan to separate most of their non-Australian located businesses from their domestics. They will also explore ...

Significant growth to be seen by City of Dreams Manila says Ocier

K Morrison

May 31, 2016

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

As the Philippine-based City of Dreams Manila benefits from a full year of operations and gaming promotions, Willy Ocier says the venue is expecting significant growth in 2016. The prospects in 2016 for the ...

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

MacauCasinos.com

May 9, 2016

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

Melco Crown Entertainment has recently announced that it is buying back $800.83 million in company shares from Crown Asia Investments it’s joint venture partner. The two Casino giants have jointly invested and ...

Macau casino operator increases security measures with facial recognition software

Sadonna Price

February 15, 2016

Latest Casino and Gambling News, Technology, Macau

Melco Crown is a gaming operator in Macau who recently announced efforts to step up security measures to try and thwart individuals who are banned from their properties from entering. City of Dreams and Studio ...

James Packer bumps ownership in Crown Resorts to 53.1 percent

Lars Jones

November 11, 2015

Australia, Casino News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

After a peak price of $18 per share in January 2014, James Packer scooped up 18 million shares in his casino resort company yesterday at a bargain price of $12 each, paying a slight premium over Tuesday's close...

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Renee Kingsley

November 11, 2015

China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

Melco Crown Entertainment recently opened its $3.2 billion Studio City casino resort in Macau and was forced to make a number of changes to its operation strategy due to the decline in Macau’s gambling revenues...

James Packer’s Crown Resorts puts down $100 million for stake in Nobu

Renee Kingsley

October 30, 2015

Australia, Casino openings, Casino expansion projects, Economy/Finance, Asian Casino News, Macau, Oceania Casino News, Mergers, Acquisitions & Partnerships

Aussie billionaire James Packer and his Crown Resorts have been in the limelight for the last week as the Melco Crown recently opened Studio City, a new casino estimated to be around $3.2 billion in Macau and h...

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Sheldon Adelson is world’s richest gambling industry billionare

AL Committee votes in favor of smoking lounges in Macau casinos

Crown Resorts to abandon Alon Las Vegas and dispose more of its stake in Macau casinos

Macau’s GGR shows fourth consecutive month of increase after 14 percent growth reported in November

Melco Crown Chairman Lawrence Ho to take on more responsibility after COO resigns

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Casinos in the Philippines set to benefit as the country’s relationship with China continues to improve

Crown Resorts break-up plan gets positive response from Australian government and regulators

Crown Resorts to cleave Australian and overseas companies

Significant growth to be seen by City of Dreams Manila says Ocier

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

Macau casino operator increases security measures with facial recognition software

James Packer bumps ownership in Crown Resorts to 53.1 percent

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

James Packer’s Crown Resorts puts down $100 million for stake in Nobu

Macau casino operators would benefit from a rumored tax cut proposal

Universal Entertainment Corporation returns to profit as Okada Manila sales surge

Circa Sports to debut a sportsbook inside Nevada’s coming Legends Bay Casino

Ho-Chunk Nation of Wisconsin earn federal approval for Beloit casino

Parkwest Casinos secures funding for Bicycle Casino with possible renovations on the agenda