Singapore | World Casino News

Las Vegas Sands Corporation abandons Japanese casino effort

May 13, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses

American casino behemoth Las Vegas Sands Corporation has reportedly given up on its campaign to secure one of the coming trio of licenses to build and operate an integrated casino resort in Japan. According ...

Sands China Limited details coronavirus financial consequences

Adam Morgan

April 23, 2020

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

In Macau and the Sands China Limited subsidiary of American casino giant Las Vegas Sands Corporation has released its unaudited first-quarter financial results showing that it experienced a decline of 65.1% yea...

Casino resorts in Singapore to remain closed through June 1st

Marie Kelley

April 22, 2020

Latest Casino and Gambling News, Singapore

The Marina Bay Sands and Resorts World Sentosa of Singapore have announced they will remain closed until June 1st due to Covid-19. The extended closure is in effect to help slow the spread of the virus. The ori...

Credit rating concerns for Las Vegas Sands Corporation

Adam Morgan

March 19, 2020

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

International credit ratings firm Moody’s Investors Service Incorporated has reportedly announced that it is currently considering whether to lower its financial assessment for American casino giant Las Vegas S...

Donaco International Limited settles Cambodian legal wrangle

Adam Morgan

March 4, 2020

Latest Casino and Gambling News, Cambodia, Casino News, Gaming Industry News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

Asian casino operator Donaco International Limited has reportedly agreed a compromise to the long-running legal dispute involving the 50-year lease for the land occupied by its Star Vegas Resort and Club in Cam...

Genting Malaysia Berhad records a disappointing fourth quarter

Adam Morgan

February 28, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to abo...

Genting Singapore Limited seeking Japanese collaborators

Adam Morgan

February 13, 2020

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

The Genting Singapore Limited subsidiary of Asian gambling giant Genting Malaysia Berhad has reportedly announced that it is ‘in the process of exploring partners’ to help it win one of the coming trio of integ...

Bloomberry Resorts Corporation slapped with $296 million judgment

Adam Morgan

October 3, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Philippines

In Singapore and a tribunal has reportedly ruled against Bloomberry Resorts Corporation and ordered the Filipino casino operator to pay just over $296 million to a subsidiary of American entertainments firm Glo...

Macau records quarterly drop in non-gaming visitor spend

Adam Morgan

August 22, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and the latest government-backed visitor expenditure survey has reportedly shown that aggregated tourist spend on non-gaming activities during the second quarter dropped by some 4.8% year-on-year to st...

Genting Hong Kong Limited selling significant stake in its Dream Cruises brand

Adam Morgan

August 7, 2019

Casino Sales, Latest Casino and Gambling News, Casino Cruise Ships, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian cruise ship operator, Genting Hong Kong Limited, has reportedly announced the signing of a deal that is to see it sell up to a 35% stake in its Dream Cruises brand to an entity controlled by private equit...

Philippines benefitting from Chinese offshore gambling boom

Adam Morgan

July 1, 2019

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Philippines

The Philippines is reportedly expected to record aggregated gross gambling revenues of around $4.1 billion this year due in large part to an increase in the popularity of online gambling among mainland Chinese ...

SIS Limited inks exclusive Parx Casino horseracing alliance

Adam Morgan

June 27, 2019

Greyhound Racing, Latest Casino and Gambling News, Horse Racing, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Pennsylvania

Retail and online sportsbetting products and services supplier, Sports Information Services (SIS) Limited, has announced the signing of a deal that is to see it serve as the exclusive distributor of live data a...

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...

First-quarter results highlight the importance of Entertainment City

Adam Morgan

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...

Philippines casino market predicted to outpace competition

Adam Morgan

May 14, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

New research from financial services firm Morgan Stanley Asia Limited has reportedly determined that the casino market in the Philippines is ‘growing faster’ than the analogous sectors of Macau, Las Vegas and S...