Iao Kun to enter Australian market; operator buys up internal junket assets for Crown casinos Sam Mitchell Latest Casino and Gambling NewsAustraliaCasino NewsMacauMergers, Acquisitions & Partnerships May 19, 2015 0A deal has been completed with the Iao Kun Group Holding Co Ltd that will allow the firm to develop its...
Macau targets India and expects more tourists to arrive Lars Jones Gaming Industry NewsIndiaMacau May 18, 2015 0Macau remains the biggest gambling hub in the world but has been asked by Beijing to stop relying on its casino industry as...
Sun City opens junket rooms in Philippines–Macau policies may be reason Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacauPhilippines May 18, 2015 0Sun City is currently the largest junket in Macau with a historic share of the lucrative market in the 25-30% range. They...
Batman Dark Flight to be centerpiece at Studio City Macau Bernard Richter Latest Casino and Gambling NewsCasino project updatesThe Players LoungeMacau May 15, 2015 0SHANGHAI, China, May 15, 2015 (GLOBE NEWSWIRE) — Melco Crown Entertainment Limited (SEHK:6883) (Nasdaq:MPEL) (“Melco Crown Entertainment” or the “Company”),...
Chinese authorities catch and prosecute 2nd most wanted man in China Renee Kingsley ChinaMoney LaunderingMacauFinancial FraudSingapore May 15, 2015 0Beijing has targeted Macau’s casino industry because it’s been reported to be a hotbed for corruption, money laundering and racketeering....
Gaming revenue dips; Macau govt surplus down 54.8% Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacau May 14, 2015 0On May 13th 2015, according to the city’s Financial Service Bureau, the surplus for the government of Macau has gone...
Two venues opening soon in Macau, table allocation not determined Sam Mitchell Latest Casino and Gambling NewsCasino NewsCasino project updatesLicensesMacau May 14, 2015 0Galaxy Entertainment Group in Macau is set to open two greatly anticipated properties in just a couple of weeks. However, this could...
Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers Renee Kingsley Economy/FinanceMacau May 14, 2015 0Beijing’s anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP...
Beijing pushes for economic diversification in Macau in order to limit Western financial control Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsMacau May 13, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry started early last year and while many expected the crackdown to stop after...
Caesars money laundering charges–up to $20 million fine possible Lars Jones U.S.A.Money LaunderingMacauFines, Lawsuits & Litigation May 12, 2015 0Caesars Entertainment Corp. said in a quarterly Securities and Exchange Commission filing yesterday that they are in discussions with the Financial...
Tinian casino opening 12 years out–constant progress Lars Jones Latest Casino and Gambling NewsCasino NewsCasino project updatesMacauNorthern Mariana Islands May 12, 2015 0Gambling expansion in the paradisaical Commonwealth of the Northern Mariana Islands continues with several projects in the works. Macau-based Alter...
Stunning Entertainment-Inspired Studio City Showcase Unveiled in Beijing Bernard Richter ChinaCasino project updatesMacau May 8, 2015 0Academy Award winning director Martin Scorsese special video appearance at launch of Studio City Experience China Roadshow BEIJING, May 8,...
Junket operator Iao Kun rolling chip revenue plunges 71% Sam Mitchell Latest Casino and Gambling NewsMacauFinancial Press Releases May 8, 2015 0Iao Kun Group Holding Co Ltd is a Nasdaq listed Macau VIP casino investor. On May 6, 2015 they announced...
Closing arguments in Jacobs v Sands jurisdiction hearings Sam Mitchell Latest Casino and Gambling NewsLas VegasMacauFines, Lawsuits & LitigationNevada May 8, 2015 0In Las Vegas on 7 May 2015, Todd Bice argued that Sheldon Adelson who is a casino billionaire and major...
Billionaire Sheldon Adelson gets uncomfortable in the hot chair Renee Kingsley Las VegasMacauFines, Lawsuits & LitigationNevada May 6, 2015 0Billionaire and Las Vegas Sands Chairman Sheldon Adelson has spent a fourth day in a Las Vegas courtroom to determine whether...