China | World Casino News

Studio City expected to open this October; 150 live gaming tables expected

August 3, 2015

Casino News, Latest Casino and Gambling News, Casino openings, China, Casino project updates, Macau

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 op...

Spain’s BCN World to receive €900m investment from Hard Rock International

Renee Kingsley

August 3, 2015

Casino News, Casino openings, China, Casino project updates, India, European Casino News, Asian Casino News, Dominican Republic, Spain

BCN World is a super mega complex that is in the process of being constructed on 8.25 kilometres of land which is located in the province of Tarragona. It is about an hour away from Barcelona, Spain and will co...

Tinian Dynasty Hotel & Casino settle record fine with $3.04 million forteiture

D. Graham

July 25, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, World Casino News, Gaming Industry News, Money Laundering, Asian Casino News, Crime, Fines, Lawsuits & Litigation, Northern Mariana Islands

Northern Mariana Island's Tinian Dynasty Hotel & Casino, levied with a record $75 million fine in June, has settled their FinCEN violations with a non-prosecutorial forfeiture agreement of $3.04 million. ...

Illegal casino case begins in SW China

Kim M

July 21, 2015

Latest Casino and Gambling News, World Casino News, China, Unlicensed Operation, Asian Casino News, Crime

Thirty people who were charged with allegedly taking part in illegal gambling were in court on Monday in China's Yunnan Province, according to the media. Wang Lijuan, the alleged ringleader, along with 29 ot...

Macau 2Q financial reports show casino profits continuing to fall

D. Graham

July 18, 2015

Latest Casino and Gambling News, World Casino News, China, Money Laundering, Economy/Finance, Asian Casino News, Macau

GGRAsia reports that Macau’s second quarter VIP baccarat gaming revenue has fallen 42.2 percent, almost $4 billion U.S., compared to last year’s earnings. Casino gross gaming revenue (GGR) overall for the first...

Vingroup plans to construct mega casino resort in Hai Phong, Vietnam

Renee Kingsley

July 14, 2015

Casino proposals, China, Casino openings, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Vietnam

Vingroup, one of the largest real estate firms in Vietnam, recently announced that they planned to construct a mega-casino resort estimated to be around $870 million in Hai Phong. This resort island project wil...

Casino stocks increase after Macau announces new visa rules

Renee Kingsley

July 1, 2015

Gaming Law & Legislation, China, Gaming Industry News, Money Laundering, Economy/Finance, Macau, Asian Casino News, Crime, Racketeering, Financial Fraud

Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some of the biggest casino brands in the world like the Las Vegas Sands Corp., MGM Resorts International ...

One fourth of lottery funds misused in China; US$2.72 billion

Sam Mitchell

June 26, 2015

Latest Casino and Gambling News, China, Lottery, Unlicensed Operation, Financial Fraud

Thursday, June 25, 2015 the National Audit Office of China revealed misappropriation of lottery funds on its website. According to the report investigators have found approximately 16.9 billion Yuan has been mi...

Air travel from China to South Korea increases

Sam Mitchell

June 25, 2015

Latest Casino and Gambling News, Casino News, China, Japan, Asian Casino News, South Korea

May was a great month for traveling from China to South Korea. June 24, 2015 official statement from South Korea revealed travel was up 28% based on a 2014 to 2015 analysis. May numbers showed 1.69 million peop...

Macau casino revenues continue to decline

Sam Mitchell

June 24, 2015

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

On June 23rd 2015, it was reported that the losing streak of Macau is set to continue. The gambling revenue of Macau could fall in June by as much as 30 to 40% annually to $2 billion according to Cameron McKnig...

Seventeen casinos scheduled to open before 2020 in Asia Pacific

Renee Kingsley

June 22, 2015

Cambodia, Australia, Casino News, Latest Casino and Gambling News, China, New Zealand, Japan, Macau, Asian Casino News, Malaysia, Oceania Casino News, Nepal, Philippines, Russia, Singapore, South Korea, Vietnam

The gambling industry in Asia continues to grow at a rapid pace and gambling establishments are not wasting any time in expanding their presence throughout the Asia Pacific region. As many as seventeen casinos ...

14 arrested in China for attracting gamblers

Lars Jones

June 21, 2015

Latest Casino and Gambling News, World Casino News, China, Crime, South Korea

On Friday, Asian news agency Yonhap reported that Chinese authorities had arrested 14 South Koreans on Wednesday for allegedly trying to lure Chinese citizens into foreigner-only casinos in Korea. The charges i...

Morgan Stanley says Macau casino decline caused by drop in VIP customers

Renee Kingsley

June 19, 2015

Las Vegas, Casino News, China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Nevada

Morgan Stanley Research Asia Ltd recently completed a detailed study of the casino industry in Macau and has concluded that the significant decline in revenue is directly linked to the drop in Macau’s VIP clien...

Macau’s Financial Services Bureau reports 35% drop in govt gaming tax

Renee Kingsley

June 18, 2015

Casino News, China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

When Beijing launched its anti corruption crackdown in February 2014 and targeted Macau’s casinos, many believed that it would be a one-off operation. As the campaign continued over the next few months, Macau’s...

MGM reconfigures credit agreement for Macau Resort

Sam Mitchell

June 14, 2015

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

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MGM Resort International announced Friday June 12, 2015 that it has refinanced the credit agreement for the Macau subsidiary. The agreement is being used to complete a $2.9 billion resort currently under constr...

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Studio City expected to open this October; 150 live gaming tables expected

Spain’s BCN World to receive €900m investment from Hard Rock International

Tinian Dynasty Hotel & Casino settle record fine with $3.04 million forteiture

Illegal casino case begins in SW China

Macau 2Q financial reports show casino profits continuing to fall

Vingroup plans to construct mega casino resort in Hai Phong, Vietnam

Casino stocks increase after Macau announces new visa rules

One fourth of lottery funds misused in China; US$2.72 billion

Air travel from China to South Korea increases

Macau casino revenues continue to decline

Seventeen casinos scheduled to open before 2020 in Asia Pacific

14 arrested in China for attracting gamblers

Morgan Stanley says Macau casino decline caused by drop in VIP customers

Macau’s Financial Services Bureau reports 35% drop in govt gaming tax

MGM reconfigures credit agreement for Macau Resort

Philippines Exits FATF’s ‘Grey List’, Enhancing Global Financial Standing

Head Digital Works to Merge With Adda52 Parent Deltatech Gaming in India

Pennsylvania Gaming Revenue Rises Over 10% in January 2025

Sweden’s Gambling Market Sees Modest Growth in 2024 Amid Online Surge

Churchill Downs Unveils $1B Expansion Ahead of 154th Kentucky Derby