Crown Resorts break-up plan gets positive response from Australian government and regulators Renee Kingsley Latest Casino and Gambling NewsAustraliaMacauFinancial Press Releases August 19, 2016 0Crown Resorts announced in June 2015 that it planned to break up its casino empire by separating its international business...
Trio of junket operators to operate VIP rooms at Wynn Palace Cotai Adam Morgan Latest Casino and Gambling NewsCasino project updatesMacauMergers, Acquisitions & Partnerships August 19, 2016 0The coming $4.2 billion Wynn Palace Cotai development from operator Wynn Resorts Limited is set to open its doors on...
Steve Wynn previews $4.2B Wynn Palace Cotai opening Monday, counts on customers, not tables Kim M Latest Casino and Gambling NewsCasino project updatesMacau August 18, 2016 0Despite the Government of the Macau Special Administrative Region (MSAR) authorizing 100 fewer gaming tables than it granted two rival...
China suspends supply of six-day mainland visas Martin Chua Latest Casino and Gambling NewsMacau August 18, 2016 0Foreign tourist groups have been left confused after Chinese officials instituted a temporary freeze on the issuance of six-day visas...
PhilWeb Corporation shares offered to Philippines government Adam Morgan Latest Casino and Gambling NewsLicensesOnline Gambling NewsPhilippines August 18, 2016 0The majority shareholder of Philippine online games developer PhilWeb Corporation has offered to donate most of his stake to the...
Philippine regulator unlikely to reverse PhilWeb Corporation decision Adam Morgan Latest Casino and Gambling NewsLicensesOnline Gambling NewsPhilippines August 17, 2016 0Hopes of salvaging the future of Philippine “online” games developer PhilWeb Corporation seem to be at an end after the nation’s...
MGM Resorts International increases stake in Macau subsidiary Martin Chua Latest Casino and Gambling NewsCasino NewsCasino project updatesEconomy/FinanceMacauMergers, Acquisitions & Partnerships August 17, 2016 0American casino operator MGM Resorts International has spent around $325 million in order to acquire an additional 5% stake in...
European-Asian Consortium submits bid for Savan Vegas Casino in Laos Renee Kingsley LaosLatest Casino and Gambling NewsCasino proposalsMergers, Acquisitions & Partnerships August 17, 2016 0Earlier this year the Laos government decided to sell the Savan Vegas Hotel and Entertainment Complex and shortlisted up to...
Goa substantially increases casino licensing fees Adam Morgan Latest Casino and Gambling NewsIndiaTaxation August 16, 2016 0In India, the government for the small state of Goa has passed legislation that considerably increases the license fees for...
Resorts World Manila operator reports $13.7 million profit in second quarter and confirms expansion plans Renee Kingsley Latest Casino and Gambling NewsCasino expansion projectsFinancial Press ReleasesPhilippines August 16, 2016 0The Alliance Global Group in the Philippines and Genting Bhd in Malaysia created a joint venture company called the Travellers...
Wynn Palace Cotai to open in a week, moving 250 Wynn Macau gaming tables Martin Chua Latest Casino and Gambling NewsCasino project updatesLicensesMacau August 15, 2016 0Ahead of next week’s planned opening of its new $4.2 billion Wynn Palace Cotai development, American casino operator Wynn Resorts...
Bangladesh central bank withholding results of investigation into cyber theft Adam Morgan Latest Casino and Gambling NewsHackingMoney LaunderingPhilippines August 15, 2016 0The central bank of Bangladesh has revealed that it is withholding the findings of an investigation into a February cyber...
Grand Korea Leisure reports significant second quarter improvement Kim M Latest Casino and Gambling NewsEconomy/FinanceSouth Korea August 15, 2016 0In this year’s second quarter, South Korean operator Grand Korea Leisure Co Ltd.’s (114090.KS) net income rose to KRW25.6bn (US$23.1m),...
Online social casino to be developed by Entertainment Gaming Asia Sadonna Price Online gaming softwareLatest Casino and Gambling NewsAsian Casino News August 15, 2016 0Entertainment Gaming Asia is a Pan-Asia focused gaming company that has recently seen short-term revenue losses. After a filing on...
Tigre De Cristal owner agrees partnership with South Korean casino operator Adam Morgan Latest Casino and Gambling NewsMergers, Acquisitions & PartnershipsRussia August 15, 2016 0The company behind the Tigre De Cristal casino resort in Russia’s Primorsky Krai region, Summit Ascent Holdings Limited, has reportedly...