Melco Resorts And Entertainment Limited

First-quarter results highlight the importance of Entertainment City

May 17, 2019

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

The gaming industry in the Philippines reportedly recorded aggregated first-quarter gross gaming revenues of just over $1.1 billion with the majority of this at around $756 million having come from the three La...

MGM Resorts International subsidiary to submit official Osaka casino proposal

Adam Morgan

May 14, 2019

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

The boss for the Japanese subsidiary of giant American casino operator, MGM Resorts International, has reportedly revealed that his firm will be submitting an official proposal in hopes of winning the right to ...

Casino license public tender groundwork being prepared in Macau

Adam Morgan

May 13, 2019

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

The Economy and Finance Secretary for Macau, Lionel Leong Vai Tac (pictured), has reportedly revealed that local officials are currently preparing the groundwork for a public tender that is to determine who wil...

Melco Resorts and Entertainment Limited initiates job reduction scheme

Adam Morgan

May 13, 2019

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

In an attempt to help shield itself from an anticipated drop-off in Macau’s future VIP gaming market, Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly initiated a scheme that is of...

MGM Cotai granted official approval for its new-style smoking lounges

Adam Morgan

May 10, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Macau

In Macau, the giant MGM Cotai integrated casino resort from MGM China Holdings Limited has reportedly become the latest gambling venue to have had its new-style smoking lounges approved by the city’s Health Bur...

Studio City Macau investor files for bankruptcy in the United States

Adam Morgan

May 3, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Bankruptcy

A firm with a minority stake in the operator behind the giant Studio City Macau integrated casino resort has reportedly filed for permission to institute Chapter 11 bankruptcy protections after being unable to ...

Osaka begins process to select private-sector casino partner

Adam Morgan

April 25, 2019

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

In Japan, the city of Osaka reportedly launched its request-for-concept (RFC) application process earlier today as part of the procedure to eventually select the commercial partner to potentially operate its ho...

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Adam Morgan

April 24, 2019

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

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced the completion of a deal that has seen it pay approximately $91.5 million in order to acquire a controlling stake in Russian casin...

City of Dreams Manila developer eyeing possible Philippines expansion

Adam Morgan

April 23, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Casino expansion projects, New Hotels, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

One of the firms behind the City of Dreams Manila integrated casino resort has reportedly revealed that it is studying the possibility of opening a second such venue in the Philippines but has yet to identify a...

Public tender for future Macau casino licenses gaining traction

Adam Morgan

April 19, 2019

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

The most senior legislator in Macau has reportedly announced that there is no need for his fellow lawmakers to delay the launch of a new public tender designed to decide who will be allowed to operate casinos i...

Paphos satellite casino plans for Melco International Development Limited

Adam Morgan

April 16, 2019

Latest Casino and Gambling News, Casino News, Casino openings, Casino project updates, Cyprus, Mergers, Acquisitions & Partnerships

Asian gaming and entertainments giant, Melco International Development Limited, has reportedly announced that it has selected the city of Paphos to serve as the home for its fourth and final Cypriot satellite c...

MGM China Holdings Limited to benefit from contract extension

Adam Morgan

March 18, 2019

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

The recent decision by the government of Macau to extend the casino license of MGM China Holdings Limited by a further two years will allow the operator to improve its ‘capacity to finance the business’ and pre...

Chinese firm granted Jeju casino resort approval

Adam Morgan

March 18, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

Chinese real estate developer, New Silkroad Culturaltainment Limited, has announced that the governor for the South Korean island province of Jeju has given one of its subsidiaries formal permission to begin de...

Macau ‘inclined’ towards future casino concession public tender

Adam Morgan

March 15, 2019

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

In Macau, Economy and Finance Secretary, Lionel Leong Vai Tac (pictured), has reportedly announced that the local government in ‘inclined’ towards launching a new tendering process for the city’s six existing c...

Gaming tax revenues continue to rise in Macau

Adam Morgan

March 14, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations over the first two months of 2019 increased by almost 4.8% year-on-year to reach in excess o...