Tagged vip

Australian officials initiate investigation into casino junket operators

August 5, 2019

Latest Casino and Gambling News, Australia, Gaming Industry News, Money Laundering, Economy/Finance, Crime

In Australia and law enforcement officials have reportedly launched a special investigation into whether overseas junket operators may be aiding Chinese organized crime syndicates by using the nation’s casinos ...

Genting Singapore Limited second-quarter results draw analyst concern

Adam Morgan

August 5, 2019

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

A trio of brokerages has reportedly expressed unease over a recent revelation from Asian casino operator, Genting Singapore Limited, that its second-quarter net profit had dropped by some 5.2% year-on-year to a...

Macau records a 3.5% decline in aggregated gross gaming revenues for July

Adam Morgan

August 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau reportedly had a bad July after ending a recent spurt of comparable growth to post a 3.5% decline year-on-year in aggregate gross gaming revenues to approximately $3.03 billion. ...

PAGCor disputes Casino Filipino Manila Bay debt allegations

Adam Morgan

July 25, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Philippines

The Philippines' state-owned gaming regulator has reportedly rubbished claims that its Casino Filipino Manila Bay facility had run up aggregated debts of over $41.35 million in the five years to the end of 2018...

Macau expected to post relatively flat July aggregated gross gaming revenues

Adam Morgan

July 23, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the Macau’s 38-venue casino market will post comparatively flat aggregated gross gaming revenues for the...

Macau aggregated gross gaming revenues for July expected to improve

Adam Morgan

July 17, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the 38 casinos in Macau are set to post July aggregated gross gaming revenues that are between 2% and 4%...

Macau recovers to post improved June aggregated gross gaming revenue figures

Adam Morgan

July 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau had a great June after seemingly weathering an ever-slowing Chinese economy and associated high-roller timidity to post a 5.9% increase year-on-year in aggregated gross gaming reven...

Macau records improvement in May aggregated gross gaming revenues

Adam Morgan

June 3, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Following two months’ of comparative declines, Macau reportedly saw aggregated gross gaming revenues from its collection of over 35 casinos rebound last month courtesy of a 1.8% year-on-year increase to approxi...

Macau to continue push towards diversification

Adam Morgan

March 5, 2019

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

In Macau, Economy and Finance Secretary Lionel Leong Vai Tac (pictured) has reportedly announced that the city is to continue with its policy of encouraging local casino firms to diversify their offerings so as...

Tak Chun Group inaugurates MGM Cotai junket service

Adam Morgan

November 1, 2018

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

After launching VIP gambling services for The Plaza Macao and Okada Manila venues earlier in the year, junket operator Tak Chun Group has now reportedly inaugurated a similar venture for the giant MGM Cotai int...

MGM Cotai to begin utilizing junket operators

Adam Morgan

August 22, 2018

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

In Macau, the recently-opened MGM Cotai venue is reportedly going to allow a pair of external junket operators to set up in-house VIP services from next month before bringing in a further trio of such partners ...

Studio City to add VIP gaming rooms

Martin Chua

July 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Melco Crown Entertainment Ltd. seems to be set to finally ask permission to open VIP gaming at their previously mass market focused Studio City casino in Macau. Bloomberg, citing anonymous sources as the inform...

Saipan’s Best Sunshine Live tallies $US1.66 billion in rolling for June

Lars Jones

July 4, 2016

Casino News, Economy/Finance, Macau, Northern Mariana Islands, Saipan

In their voluntary monthly filing with the Hong Kong Stock Exchange Saturday, Best Sunshine's parent company Imperial Pacific International Holdings Ltd released un-audited numbers showing the Best Sunshine Liv...

Anatomy of a Beat Down

Mark Pilarski

March 11, 2016

Latest Casino and Gambling News, Deal Me In

Dear Mark: Terrific column last week, Breaking the Bank, especially the portion on Don Johnson’s take down of three Atlantic City casinos at blackjack. I was, to a certain extent, involved with the circumstance...

Saipan, other CNMI casinos can soon invite junket operators

Lars Jones

January 6, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Saipan, Licenses, Northern Mariana Islands, Saipan

VIPs are already coming to Saipan in large enough numbers for the sole casino there to do over $3 billion in rolling chip business in their first two full months of operations. Now the CNMI Commonwealth Casino ...