Lawrence Ho, the Chairman and CEO of Asian casino operator Melco Resorts, confirmed Thursday that the company has now opened three gaming areas of its Macau-based casinos exclusively to be used by foreign players. Ho told IAG that the company’s City of Dreams and Studio City facilities now include gaming areas designated explicitly for foreign visitors. Three Foreigner-Only Gaming Areas in Two Gaming Facilities: The facilities were presented at the Thursday Grand Opening of an indoor water park and new […]

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Between the recent increase in cost to insure Crown Resort’s notes, rising net debt, widening spread of credit default swaps, significant profit decreases from Macau properties, and plans to spend billions more in Australia and Las Vegas – James Packer’s business enterprises and expansion plans are facing heightened fiscal scrutiny. Crown recently announced that Packer would step down as chairman and move off the day-to-day management of the corporation to stay focused on development and expansion. His prime projects are […]

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Initially set for Monday, on Wednesday Melco Crown will announce the opening date of its Studio City, according to ggrasia.com, but Bernstein Research estimates that it will be 100 days before it is ready to open. The Studio City Casino will likely receive 150 new live gaming tables from the Macau government for its new casino resort. Studio City Casino operator Melco Crown Entertainment Ltd, “will be a Base Mass focused property with abundant unique non-gaming features that may attract […]

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