Tagged vip

Marina Bay Sands engages law firm to conduct independent investigation

September 17, 2020

Casino News, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

In Singapore and the operator behind the iconic Marina Bay Sands property has reportedly hired an outside law firm to conduct an independent investigation into how the integrated casino resort handles the third...

Marina Bay Sands operator agrees out-of-court settlement

Adam Morgan

July 20, 2020

U.S.A., Latest Casino and Gambling News, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

In Singapore and the operator behind the iconic Marina Bay Sands integrated casino resort has reportedly signed an out-of-court settlement that is to see it compensate a former high-value patron to the tune of ...

Investigation could hurt VIP business at Marina Bay Sands

Adam Morgan

June 8, 2020

Casino News, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

A leading investment bank has reportedly warned that the recently-launched probe looking into whether Singapore’s Marina Bay Sands may have breached anti-money laundering procedures could end up costing the ico...

Tigre de Cristal soon to welcome Suncity Group-run VIP gaming room

Adam Morgan

March 24, 2020

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Russia

The boss for Asian real estate firm Suncity Group Holdings Limited has reportedly announced that his privately-owned junket business will very shortly begin welcoming punters to a new VIP gaming room within eas...

Wynn Macau Limited raising junket commission rate to 42.5%

Adam Morgan

March 4, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited is reportedly boosting the amount of commission it pays Macau’s many junket operators so as to recover from the downturn in bus...

Macau casinos end the year on a downer following disappointing December

Adam Morgan

January 2, 2020

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

The 41 casinos in Macau reportedly ended December on a downward note after recording a 13.7% year-on-year decrease in monthly aggregated gross gaming revenues to slightly over $2.84 billion. According to a W...

Macau casinos post disappointing aggregated November revenues figure

Adam Morgan

December 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau reportedly experienced a disappointing November after chalking up an 8.5% year-on-year decrease in aggregated gross gaming revenues to slightly over $2.83 billion. According to a...

‘Golden Week’ disappointment for Macau casinos

Adam Morgan

October 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first seven days of October reportedly saw the over 35 casinos in Macau record aggregated daily gross gaming revenues that were some 12% lower year-on-year at approximately $142.33 million. According to ...

Optimistic outlook for Universal Entertainment Corporation

Adam Morgan

October 8, 2019

Casino News, Latest Casino and Gambling News, New Hotels, Casino project updates, Economy/Finance, Japan, Fines, Lawsuits & Litigation

The future prospects of Universal Entertainment Corporation reportedly now look good after the Japanese casino and entertainments conglomerate managed to prevail in a long-running legal dispute with its former ...

Macau’s new Grand Lisboa Palace expected to open ‘by the second half of 2020’

Adam Morgan

October 3, 2019

Latest Casino and Gambling News, Casino News, New Hotels, Casino project updates, Economy/Finance, Macau

In Macau and the boss for local casino operator, SJM Holdings Limited, has reportedly stated that he expects his firm’s under-construction Grand Lisboa Palace to begin welcoming players and guests ‘by the secon...

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...

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

Adam Morgan

September 13, 2019

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

The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. A...

Gloomy prediction for future Macau aggregated gross gaming revenues

Adam Morgan

September 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The boss for prominent Asian junket operator, Suncity Group, has reportedly predicted that Macau could see an up to 20% decline year-on-year in fourth-quarter aggregated gross gaming revenues to around $7.79 bi...

South Korean casino posts improved first-half gaming revenues

Adam Morgan

August 28, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

Asian casino operator New Silkroad Culturaltainment Limited has reportedly released its interim financial results for the six months to the end of June showing that gaming revenues had increased by 16.2% year-o...

Tigre de Cristal half-year results highlight the importance of VIP clientele

Adam Morgan

August 27, 2019

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

Asian casino operator, Summit Ascent Holdings Limited, has reportedly revealed that its Tigre de Cristal venue recently experienced a 24% increase year-on-year in aggregated six-month revenues to approximately ...