Macau breaks 26 month streak on Wynn Palace opening, overall mass improvement Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau September 1, 2016 0After a 4.5 percent decrease in July, Macau has finally broken a losing trend beginning after May 2014. According to data...
Delta Corp stock soars to all time high Kim M Latest Casino and Gambling NewsIndiaEconomy/Finance August 31, 2016 0As it continues its upward rise, Delta Corp Ltd. (NSE: DELTACORP), the largest gaming and hospitality firm in India, stock...
Cambodian government conducts audit on NagaWorld casino after finding discrepancies in tax filings Renee Kingsley Latest Casino and Gambling NewsCambodiaTaxationFines, Lawsuits & Litigation August 31, 2016 0The NagaWorld casino in Phnom Penh is the biggest casino in the region and has had great success in both...
Duterte’s heavy hand reaching into the past to shake down Entertainment City operators Sadonna Price Latest Casino and Gambling NewsEconomy/FinancePhilippines August 31, 2016 0Four casinos at Entertainment City have been ordered by the Philippine Amusement and Gaming Corp. to restore a license fee...
Commission finds five PAGCOR officials liable for lease of non-existent property Kim M Latest Casino and Gambling NewsFines, Lawsuits & LitigationPhilippines August 30, 2016 0Cristino L. Naguiat Jr., former chief executive of Philippine Amusement and Gaming Corporation (PAGCOR), along with five PAGCOR officers, have...
Genting posts strong second quarter results due to UK gaming and Malaysia operations Renee Kingsley Latest Casino and Gambling NewsMalaysiaFinancial Press ReleasesSingapore August 30, 2016 0Genting Malaysia, the entertainment conglomerate recently announced that it has had a strong second quarter and its net profit rose...
Macau Jockey Club losses potentially unlawful; Plans for profitability Martin Chua Latest Casino and Gambling NewsHorse RacingEconomy/FinanceMacauFines, Lawsuits & Litigation August 29, 2016 0The Macau Jockey Club (MJC) registered a loss of MOP88 million (US$11 million) for the last fiscal year, continuing to eat...
PAGCOR casinos to be sold by government Kim M Latest Casino and Gambling NewsLicensesMergers, Acquisitions & PartnershipsPhilippines August 29, 2016 0In order to raise money to support the P3.4-trillion national budget for 2017, Philippine Amusement and Gaming Corp.’s (PAGCOR) casinos...
Mactan Leisure City to break ground in Philippines January 2017 Lars Jones Latest Casino and Gambling NewsCasino proposalsEconomy/FinancePhilippines August 27, 2016 0Mactan Leisure City, to be located in Lapu-Lapu City, just off Cebu, is scheduled to break ground in January, according...
Uber’s foray into China cost investors $2 billion in 2 years, $1.27b first half 2016 alone Martin Chua Latest Casino and Gambling NewsChinaEconomy/FinanceMacauMergers, Acquisitions & Partnerships August 27, 2016 0Uber investors saw at least $2 billion wiped off their balance sheet over the last two years from their so-far...
Analyst doesn’t see Duterte’s heavy hand as a negative for Philippine resort casinos Lars Jones Latest Casino and Gambling NewsCasino NewsEconomy/FinanceLicensesPhilippines August 26, 2016 0The end result of president Duterte’s crackdown on gambling in the country might not be a concern for the integrated resort casinos...
Olympic Village part of Sochi gambling zone, Crimea construction to begin 2017 Lars Jones Latest Casino and Gambling NewsGaming Law & LegislationRussiaRussia August 26, 2016 0Krasnaya Polyana (Красная Поляна) will be the name of the newly minted Russian gambling zone to replace doomed Azov City,...
Galaxy net profit available to shareholders $2.6 billion H1, up 26% year-on-year Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau August 25, 2016 0Galaxy Entertainment Group (HKEx stock code: 27) seems to have mastered the difficult Macau market ahead of its competitors and...
Casino referendum for Taiwan island to be held on Oct 15 Kim M Latest Casino and Gambling NewsGaming Law & LegislationTaiwanLicenses August 25, 2016 0After having discussed the possibility of approving a casino in either one of the outlying island chains of Penghu for...
Resorts World Manila to open new Marriot Hotel wing in September as part of its phase three roll-out Renee Kingsley Latest Casino and Gambling NewsCasino expansion projectsNew HotelsCasino project updatesPhilippines August 25, 2016 0Genting Hong Kong Ltd (hk:678) partnered with the Alliance Global Group Inc in the Philippines to form the Travellers International...