Morgan Stanley | World Casino News

Macau hotels expecting positive ‘Golden Week’ performance

September 16, 2020

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

In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week...

Macau second-quarter aggregated earnings shortfall expected to top $1 billion

Adam Morgan

July 6, 2020

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

The lingering impacts of the coronavirus pandemic will soon reportedly prompt the six licensed casino operators in Macau to detail combined second-quarter deficits in earnings before interest, tax, depreciation...

Morgan Stanley lowers Macau annual gaming revenue predictions

Adam Morgan

September 18, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Global brokerage and investments firm, Morgan Stanley, has reportedly become the latest to envision hard times ahead for the casino industry in Macau after it lowered an earlier forecast concerning what it expe...

Low unemployment rate to impact Japanese casino license winners

Adam Morgan

May 20, 2019

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

Foreign gaming firms that win the three integrated casino resort licenses being put up for grabs in Japan could face problems in hiring the thousands of employees such venues would require due to the nation cur...

Tokyo government commissions casino impact study

Adam Morgan

October 15, 2018

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

In Japan, the prefectural government for Tokyo has reportedly hired professional services firm Deloitte Touche Tohmatsu LLC to carry out an impact study on the possibility of bringing an integrated casino resor...

Tiger Resort Leisure and Entertainment Incorporated launching Japan office

Adam Morgan

September 19, 2018

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

In hopes of securing one of the three integrated casino resort licenses that will soon be up for grabs in Japan, operator, Tiger Resort Leisure and Entertainment Incorporated, has announced that it will be esta...

Foreign casino operators lobbying hard in Japan

Adam Morgan

August 22, 2018

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

In Japan, a host of foreign gambling operators are reportedly going all out in hopes of securing one of the three casino licenses that are going to be made available following last month’s ratification of the I...

Five additional Japanese subsidiaries for Genting Singapore Limited

Adam Morgan

July 25, 2018

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

Following last week’s ratification of legislation that is set to bring up to three integrated casino resorts to Japan, Genting Singapore Limited has reportedly announced the establishment of five new indirect w...

Japanese government finalizes wording of casino legalization proposal

Adam Morgan

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

Martin Chua

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...