Melco Resorts And Entertainment Limited

Macau gaming stocks rally following positive coronavirus news

February 23, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The value of individual shares in Macau’s six licensed casino operators reportedly rallied earlier today following positive news regarding aggregated gross gaming revenues, local border restrictions and the rol...

Macau chalks up a substantial drop in annual casino tax revenues

Adam Morgan

February 19, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Taxation

The government of Macau has reportedly announced that 2020 saw the annual tax contribution from the city’s collection of almost 40 casinos plunge by 73.6% year-on-year to stand at approximately $3.73 billion. ...

City of Dreams Mediterranean opening delayed by over nine months

Adam Morgan

February 11, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Cyprus, Economy/Finance, Licenses

The provisional opening date for the €550 million ($668 million) integrated casino resort being built in Cyprus by Melco International Development Limited has reportedly been pushed back by over nine months to ...

Casino implementation policy guidelines published by Yokohama

Adam Morgan

January 22, 2021

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

Officials in the giant Japanese city of Yokohama have reportedly published the implementation policy for their ambitious campaign to win one of the nation’s coming trio of integrated casino resort licenses. ...

Positive earnings prediction for coming Grand Lisboa Palace

Adam Morgan

January 18, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau

In Macau and local casino operator SJM Holdings Limited is reportedly expected to generate approximately $257 million in aggregated annual earnings next year from its coming Grand Lisboa Palace development. ...

Pessimistic prediction for Melco Resorts and Entertainment Limited

Adam Morgan

January 15, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Malaysia

Prominent financial services firm Moody’s Investors Service Incorporated has reportedly warned that Asian casino operator Melco Resorts and Entertainment Limited could see its consolidated debt rise by about 14...

Casino operator share prices rise following United Kingdom vaccination news

Adam Morgan

December 3, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, United Kingdom

The share prices for some of the world’s most prominent land-based casino operators have reportedly risen following yesterday’s news that the United Kingdom has become the first country to approve the rollout o...

Yokohama integrated casino resort scheme may be in danger

Adam Morgan

November 24, 2020

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

In Japan and the giant city of Yokohama could reportedly soon encounter a dearth of prospective foreign operators wanting to participate in the request for proposal (RFP) stage of its effort to secure one of th...

Wynn Macau Limited initiates staff cost-cutting measures

Adam Morgan

November 12, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

As part of an effort to better manage its costs during the coronavirus-induced economic downturn and Asian casino operator Wynn Macau Limited has reportedly announced that it will not be renewing the contracts ...

Macau gaming taxes show slow signs of recovery in October

Adam Morgan

November 12, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Taxation

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $117.12 million in aggregated gaming taxes for October to take their combined ten-month tally to just above $3.04 b...

Melco Resorts and Entertainment Limited records third-quarter deficit

Adam Morgan

November 6, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Cyprus, Economy/Finance, Macau, Philippines

Asian casino operator Melco Resorts and Entertainment Limited has reportedly again followed many of its rivals in recording an overall loss for the three months to the end of September owing to the continuing f...

Detrimental determination for Crown Resorts Limited

Adam Morgan

November 4, 2020

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 counsel assisting the official inquiry into the casino license suitability of Crown Resorts Limited has reportedly declared that the firm breached key regulatory requirements via multiple f...

Grand Lisboa Palace expecting to open in Macau from early next year

Adam Morgan

October 29, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it now anticipates conducting the long-awaited grand opening of its $5 billion Grand Lisboa Palace development sometime earl...

Macau legislator looking to discuss upcoming casino license tender

Adam Morgan

October 26, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

In Macau and a ranking member of the Legislative Assembly has reportedly announced that she would like to meet with the government so as to hear its intentions regarding the city’s upcoming casino license tende...

Crown Resorts Limited ceases sharing information with its largest shareholder

Adam Morgan

October 15, 2020

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

In Australia and an official examination into the casino license suitability of Crown Resorts Limited has reportedly been told that the firm has ceased sharing confidential information with its largest individu...