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Macau High rollers, luxury casinos and hotels plus a rich heritage make Macau one of the world's premiere gaming destinations.

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Cotai Strip Biggest casinos in the world + newest casinos in Macau; Cotai Strip threatens mainland Macau for top gambling destination.

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  • Macau casino operators would benefit from a rumored tax cut proposal
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Tagged Melco Crown

Home
Melco Crown

Sheldon Adelson is world’s richest gambling industry billionare

Renee Kingsley
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
1
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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Breaking world casino news

  • Macau casino operators would benefit from a rumored tax cut proposal

    Adam Morgan
    May 16, 2022
  • Universal Entertainment Corporation returns to profit as Okada Manila sales surge

    Adam Morgan
    May 16, 2022
  • Circa Sports to debut a sportsbook inside Nevada’s coming Legends Bay Casino

    Adam Morgan
    May 16, 2022
  • Ho-Chunk Nation of Wisconsin earn federal approval for Beloit casino

    Sadonna Price
    May 16, 2022
  • Parkwest Casinos secures funding for Bicycle Casino with possible renovations on the agenda

    Sadonna Price
    May 16, 2022

Latest Stories

  • Macau casino operators would benefit from a rumored tax cut proposal

    Adam Morgan
    May 16, 2022
  • Universal Entertainment Corporation returns to profit as Okada Manila sales surge

    Adam Morgan
    May 16, 2022
  • Circa Sports to debut a sportsbook inside Nevada’s coming Legends Bay Casino

    Adam Morgan
    May 16, 2022
  • Ho-Chunk Nation of Wisconsin earn federal approval for Beloit casino

    Sadonna Price
    May 16, 2022
  • Parkwest Casinos secures funding for Bicycle Casino with possible renovations on the agenda

    Sadonna Price
    May 16, 2022

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