Paradise profits back in the black in South Korea Kim M Latest Casino and Gambling NewsEconomy/FinanceSouth Korea January 8, 2017 0In the 12 months ending December 31, 2016, casino revenue of South Korean operator Paradise Co Ltd (034230.KQ) increased by...
Goa casinos warned against laundering money for political parties Adam Morgan Latest Casino and Gambling NewsIndiaMoney Laundering January 7, 2017 0In India, the chief elections official for Goa has reportedly warned casinos in the small state against laundering money for...
Chinese real estate developer completes deal for Jeju Shinhwa World Adam Morgan Latest Casino and Gambling NewsCasino project updatesMergers, Acquisitions & PartnershipsSouth Korea January 4, 2017 0Chinese real estate developer Landing International Development Limited has reportedly announced that it has assumed complete control of the under-construction...
Macau casinos share prices drop as China increases scrutiny over capital outflows Renee Kingsley Latest Casino and Gambling NewsChinaEconomy/FinanceMacau January 4, 2017 0Macau’s casino industry went through a major slump resulting in 26 consecutive months of gross gaming revenue (GGR) decline which...
Major casino operators resume marketing efforts in China Renee Kingsley Latest Casino and Gambling NewsChinaMacau January 4, 2017 0The authorities in China arrested 17 Crown Resort employees in October 2016 on alleged gambling related crimes and caused major...
Philippine President sets conditions (or trap) for Lam’s return Alex Lanter Latest Casino and Gambling NewsTax EvasionBriberyPhilippines January 3, 2017 0Controversial Philippine President Rodrigo Duterte has changed his mind regarding the imprisonment of Chinese casino magnate Jack Lam and has...
Cheating Chinese gambler sentenced to 14 weeks in Singapore jail Adam Morgan Latest Casino and Gambling NewsCasino CheatingSingapore January 3, 2017 0In Singapore, a 34-year-old gambler from mainland China has been sentenced to serve 14 weeks in jail after pleading guilty...
December marks fifth month of Macau recovery Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacau January 2, 2017 0December marked the fifth month in a row that Macau’s gambling economy showed year-on-year increases, but the first seven months...
Interpol possibly involved in November Philippine call center raid Lars Jones Latest Casino and Gambling NewsChinaCasino closuresMoney LaunderingData ProtectionFinancial FraudPhilippines January 2, 2017 0In Singapore, the Straights Times print edition reported on December 31 that The International Criminal Police Organization ICPO or INTERPOL,...
Entertainment Gaming Asia Incorporated fully exits Cambodia Adam Morgan Latest Casino and Gambling NewsCambodiaMergers, Acquisitions & Partnerships December 31, 2016 0After selling off a significant portion of its estate in the summer, electronic gaming machine operator Entertainment Gaming Asia Incorporated...
Marina Bay Sands policy on China UnionPay cards angers Beijing Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceSingapore December 31, 2016 0In Singapore, a voucher system that sees mainland Chinese gamblers at the Marina Bay Sands permitted to use their China...
India’s Hotel Ramada hopes to see poker ban lifted Sadonna Price Latest Casino and Gambling NewsIndia December 31, 2016 0The Hotel Ramada of India would like to be able to offer organized poker events at their establishment. To do...
Gambling taxes now account for almost 78% of all Macau government revenues Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacauTaxation December 30, 2016 0The government of Macau has reportedly revealed that it raked in $9.11 billion from gambling taxes over the first eleven...
Casino operations start December 30th for Okada Manila Sadonna Price Latest Casino and Gambling NewsCasino openingsCasino project updatesPhilippines December 29, 2016 1Yesterday, the Okada Manila gaming resort of the Philippines announced that casino operations would officially launch at 7pm on December...
Foreign tourists to help Macau revival in 2017 Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau December 29, 2016 0Macau’s effort to reinvent itself by premiering more family-friendly attractions is reportedly set to pay off next year as the...