Tagged melco resorts and entertainment limited

Macau casinos upping their fight against coronavirus

October 15, 2021

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

The firms behind the 41 casinos in Macau have reportedly upped their campaigns against coronavirus by comprehensively implementing new rules that require employees to be fully vaccinated or present weekly negat...

New South Wales regulator extends Crown Sydney liquor license

Adam Morgan

October 11, 2021

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

Australian casino giant Crown Resorts Limited has reportedly had the liquor license for its new Crown Sydney development extended by a further eight months but is still awaiting news on when it will be able to ...

Criticism for Macau’s casino dividend disbursement proposition

Adam Morgan

October 7, 2021

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

In Macau and local legislators may reportedly be forced to utilize existing legal means so as to implement a proposal that would limit the amount licensed casino operators are permitted to pay their shareholder...

Macau casino and junket firms seek clarity on future regulatory landscape

Adam Morgan

September 22, 2021

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

In Macau and representatives from some of the city’s junket firms reportedly joined casino executives at a meeting on Monday in hopes of getting more details on proposed regulatory changes. According to a Tu...

SJM Holdings Limited forecasts ten-year term for future Macau casino licenses

Adam Morgan

September 22, 2021

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

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it believes the city’s upcoming tendering process will most probably see successful candidates awarded with new ten-year lic...

MGM Resorts International designated as official Osaka casino partner

Adam Morgan

September 17, 2021

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

In Japan and the city of Osaka has reportedly selected a consortium being led by MGM Resorts International to be the preferred operating partner for its tilt at winning one of the nation’s coming trio of integr...

Stark reaction to proposed future Macau casino regulations

Adam Morgan

September 15, 2021

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

The value of shares in some of Macau’s largest casino operators was reportedly rocked yesterday after the local government released its latest proposals for how it believes the industry should be regulated into...

Yokohama exit for Melco Resorts and Entertainment Limited

Adam Morgan

September 13, 2021

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 Melco Resorts and Entertainment Limited has now reportedly followed Genting Singapore Limited in officially exiting the race to bring an integrated casino resort to the city of Yokohama. Accordi...

Economic value of Macau gaming industry falls as a result of coronavirus

Adam Morgan

September 13, 2021

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

The over 40 casinos in Macau reportedly saw their combined 2020 contribution to the local economy drop by 79.6% year-on-year to around $5.22 billion as the coronavirus pandemic sent visitor numbers plummeting. ...

Genting Singapore Limited shelves Yokohama integrated casino resort plan

Adam Morgan

September 10, 2021

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 Genting Singapore Limited has reportedly shelved its campaign to bring an integrated casino resort to Yokohama after the giant city elected a new mayor that is vehemently opposed to the realization...

Macau casinos post reduced July combined tax contribution

Adam Morgan

September 8, 2021

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

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. ...

Macau gaming revenues chalk up August advance despite sequential setback

Adam Morgan

September 1, 2021

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

In Macau and aggregated gross gaming revenues for August reportedly increased by some 234% year-on-year to top $554.49 million despite the disruption associated with a minor outbreak of coronavirus in neighbori...

Macau aggregated gross gaming revenues continued their resurgence in July

Adam Morgan

August 2, 2021

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

In Macau and aggregated gross gaming revenues for July reportedly rose by 528.1% year-on-year to just over $1.05 billion despite the continuing presence of a range of anti-coronavirus travel restrictions. Ac...

SJM Holdings Limited begins Grand Lisboa Palace operations

Adam Morgan

July 30, 2021

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

In Macau and local casino operator SJM Holdings Limited has reportedly announced the ‘soft launch’ of its new Grand Lisboa Palace property following well over seven years of construction. According to a repo...

Melco Resorts and Entertainment changing the focus of Altira Macau

Adam Morgan

July 28, 2021

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

In Macau and Melco Resorts and Entertainment Limited has reportedly announced that it will soon be transforming the casino within its Altira Macau property into a premium-mass venue at the expense of any VIP bu...