Tagged melco resorts and entertainment limited

City of Dreams Mediterranean grand opening could potentially be delayed

May 6, 2022

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

On the island nation of Cyprus and the opening date for the €550 million ($581 million) City of Dreams Mediterranean development from Melco Resorts and Entertainment Limited could reportedly soon be pushed back...

Macau lawmakers considering new junket and satellite casino legislation

Adam Morgan

April 21, 2022

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

In Macau and legislation that sets out the future governing of junket providers and satellite casinos reportedly passed its first Legislative Assembly reading yesterday by a 30-to-one vote. According to a re...

Melco Resorts and Entertainment Limited facing American de-listing

Adam Morgan

April 13, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

Asian casino operator Melco Resorts and Entertainment Limited could reportedly soon be de-listed from the Nasdaq bourse under rules adopted by the United States Securities and Exchange Commission in January. ...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

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

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...

Macau casino operators facing free cash flow to equity run rate crisis

Adam Morgan

March 30, 2022

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

Some of the largest casino operators in Macau may reportedly start running out of ready cash in as little as three months as China’s crackdown against the spread of coronavirus continues to limit travel to and ...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

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

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Macau casino operators not set to face increase in tax rates

Adam Morgan

March 17, 2022

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

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to ...

Macau’s draft gaming bill to potentially include communications directive

Adam Morgan

March 16, 2022

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

In Macau and a prominent legislator has reportedly declared that the city’s six casino operators could soon be fined up to $620,000 for failing to keep local officials up to speed with any ‘major financial deci...

Disappointing weekend for Macau casino operators

Adam Morgan

March 15, 2022

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

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the on...

Macau casino operators facing six-month license extension costs

Adam Morgan

March 10, 2022

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

In Macau and every member of the enclave’s six-strong club of licensed casino operators is reportedly being asked to pay at least $6.2 million in order to have their lucrative local gambling concessions extende...

Macau casino operators experience aggregated share price slump

Adam Morgan

March 8, 2022

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

The six-strong club of Hong Kong-listed casino operators in Macau reportedly saw the aggregated value of their shares drop by almost $3.5 billion over the weekend as investors exercised caution regarding the fu...

Macau draft gaming legislation looking to include national security protections

Adam Morgan

March 7, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Licenses, Macau, Fines, Lawsuits & Litigation

Draft gaming legislation currently being debated in Macau could reportedly allow the enclave’s Chief Executive to rapidly terminate any local casino operating license should the holder be found to have breached...

Philippines casino industry records encouraging fourth-quarter revival

Adam Morgan

March 2, 2022

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

The many commercial and state-run casinos in the Philippines reportedly saw their aggregated gross gaming revenues for the final three months of 2021 increase by 21.7% year-on-year to reach approximately $554 m...

Macau casino market chalks up Chinese New Year success

Adam Morgan

February 8, 2022

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

The casino hotspot of Macau reportedly had a great Chinese New Year by chalking up ‘better than expected’ aggregated gross gaming revenues for the seven-day period of approximately $289.8 million. According ...

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...