Paradise Group makes first American purchase Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMergers, Acquisitions & PartnershipsSouth Korea August 22, 2016 0South Korean casino operator Paradise Group has made its first acquisition in the United States after spending $26 million in...
Hong Kong billionaire Tony Fung cancels plan to build $8 billion Great Barrier Reef Casino Resort Renee Kingsley Latest Casino and Gambling NewsAustraliaCasino project updatesLicensesMacau August 21, 2016 0Hong Kong billionaire Tony Fung recently confirmed that his firm has decided to drop the plan of developing the Aquis...
Karnataka lawmakers want state government to approve offshore casinos to boost tourism Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationIndia August 20, 2016 0The state lottery and all forms of gambling are banned in the state of Karnataka, India. However when the state...
Wynn Resorts most expensive casino ‘Wynn Palace’ opens on August 22 in Macau Renee Kingsley Latest Casino and Gambling NewsCasino openingsMacau August 20, 2016 1Steve Wynn, billionaire and chairman of Wynn Resorts, has developed some of the most well known casinos in Macau and...
Studio City Casino Macau facing loan default calamity Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau August 20, 2016 0As the $4.2 billion Wynn Palace Cotai casino resort from operator Wynn Resorts Limited gets set to open its doors...
Philippine regulator takes aim at electronic bingo Adam Morgan Latest Casino and Gambling NewsOnline gambling regulationLicensesPhilippines August 19, 2016 0After earlier announcing that it would not be renewing the license of online games developer PhilWeb Corporation, the Philippine gaming regulator...
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...