Morgan Stanley | World Casino News

Japanese government finalizes wording of casino legalization proposal

April 27, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, Japan

In Japan, the ruling coalition government of Prime Minister Shinzo Abe (pictured) has reportedly agreed on the final wording of the casino-legalizing Integrated Resort Implementation Bill and now hopes to have ...

Bloomberry Resorts Corporation purchases Entertainment City parcels

Adam Morgan

April 27, 2018

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines, the operator behind the Solaire Resort and Casino has reportedly bought the long-term leases for two parcels of land located adjacent to the Manila integrated casino resort after agreeing to...

Suncity Group set to bring junket services to Okada Manila

Adam Morgan

September 27, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines, an investigation from financial services firm Morgan Stanley has reportedly revealed that junket operator Suncity Group is set to start offering its services inside the giant Okada Manila in...

MGM Cotai opening date moved to fourth quarter

Adam Morgan

May 2, 2017

Latest Casino and Gambling News, Casino project updates, Macau

After declaring in January that its MGM Cotai development would not be opening until the second half of 2017, American casino operator MGM Resorts International has now reportedly revealed that the $3.1 billion...

Chinese real estate developer completes deal for Jeju Shinhwa World

Adam Morgan

January 4, 2017

Latest Casino and Gambling News, Casino project updates, Mergers, Acquisitions & Partnerships, South Korea

Chinese real estate developer Landing International Development Limited has reportedly announced that it has assumed complete control of the under-construction Jeju Shinhwa World integrated casino resort projec...

Macau ban fuels rise in Philippines second-quarter gross casino revenues

Adam Morgan

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Casinos in the Philippines reported a 30% increase year-on-year in aggregate gross casino revenues for the three months to the end of June to approximately $711.68 million due in part to a rise in the popularit...

Junket operator abandons two more Macau casinos

Macaucasinos.com

September 15, 2016

Latest Casino and Gambling News

After announcing a little over a week ago that it had closed its high-roller operations at the Sands Cotai Central, VIP junket operator Iao Kun Group Holding Company Limited has now shuttered its rooms at the S...

Morgan Stanley reports decline in Macau VIP gambling and strong growth in International VIP gambling during Q2

Renee Kingsley

September 14, 2016

Latest Casino and Gambling News, Macau

Morgan Stanley recently released a market report for Q2 of 2016 covering the global VIP gambling market and revealed that Macau, the biggest gambling hub in the world continued to see its VIP market segment dec...

Reports: Best Sunshine International seeks financing to complete Saipan casino

K Morrison

May 5, 2016

Latest Casino and Gambling News, Casino project updates, Saipan

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Best Sunshine International, traded as Imperial Pacific International LLC, a subsidiary of Hong Kong-listed Imperial Pacific International Holdings Limited (HKG: 1076), is attempting to secure $550 million to c...

Crackdown on junket operators causes Macau hotel prices to plummet

Sam Mitchell

June 29, 2015

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

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Hotel rooms are in excess in Macau due to the Chinese government crackdown on Junkets. About 80 to 90 percent of booked rooms are made through Junkets. Their dealings with VIP and high rollers helped keep the p...

Earnings potential for Web gaming in U.S. downgraded

Marie Kelley

April 8, 2015

Latest Casino and Gambling News, Online gambling regulation, Online Gambling News

With little movement in regards to legalizing online gaming in the United States, Morgan Stanley has reduced the potential for future earnings from the activity within the states. The investment house of Wall S...