Yearly net loss for Imperial Pacific narrows to US$11 million Kim M Latest Casino and Gambling NewsHong KongNorthern Mariana IslandsFinancial Press ReleasesSaipan March 17, 2016 0On Monday, Hong Kong-listed gaming investor Imperial Pacific International Holdings Ltd (HKG: 1076) reported a net loss of HKD84.37 million...
Chinese junket operator in Manila reportedly received $30 million from hacked bank account Lars Jones Latest Casino and Gambling NewsHackingMoney LaunderingPhilippines March 16, 2016 0Details are beginning to emerge in one of the largest cyber bank heists in history with the governor of Bangladesh’s central...
Suspected cheating at Marina Bay Sands; four arrested Kim M Latest Casino and Gambling NewsCasino CheatingSingapore March 16, 2016 0According to a press statement released by police, four people suspected of attempting to cheat patrons at the Marina Bay...
Neptune Group says VIP crisis inescapable Kim M Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau March 15, 2016 0Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing...
Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc. Kim M Latest Casino and Gambling NewsEconomy/FinanceAsian Casino News March 14, 2016 0A 41 percent increase in consolidated revenue has been reported by Pan-Asia focused Entertainment Gaming Asia Inc. for the 2015...
Macau gaming operators urged to assume greater social responsibility Kim M Latest Casino and Gambling NewsConferences / Trade ShowsMacauLabor Relations March 14, 2016 0During a meeting on Friday afternoon in Macau between the Secretary for Economy and Finance Lionel Leong Vai Tak, legislator...
World’s most expensive hotel likely to open without casino; The 13 Lars Jones Latest Casino and Gambling NewsCasino project updatesMacau March 14, 2016 0Although Stephen Hung has already poured more than a billion dollars into The 13, his all-suite hotel on the Coloane/Cotai...
Loopholes in anti-money laundering law will be plugged; Philippine Senate vows Kim M Latest Casino and Gambling NewsGaming Law & LegislationMoney LaunderingPhilippines March 13, 2016 1The Senate Blue Ribbon committee will attempt to fix loopholes in the Anti-Money Laundering Act (AMLA) on Tuesday when is...
Macau gaming firm believes room prices will become competitive while price war not imminent Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 13, 2016 0As the Macau gaming industry flounders, operators are trying to determine what to do to bring in gamblers. The Las...
Macau casino labor group worry lay-offs will result from recent gaming earnings decline Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceEmployment & CareersMacau March 12, 2016 0As Macau continues to see declining revenue earnings from local casinos, venue employees are worried about potential lay-offs. Forefront of...
Career development program launched by Sands China Sadonna Price Latest Casino and Gambling NewsEmployment & CareersMacau March 10, 2016 01,000 of the Sands China Ltd staff will now have the opportunity to take part in a new career development...
Taiwan’s Penghu island to hold referendum to seek approval for casino gaming Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationTaiwanChinaLicenses March 10, 2016 0Taiwan’s small island chain consisting of Penghu, Matsu and Kinmen have been pushing hard for a number of years to...
Casino tycoon Lui Che-Woo to build Avatar styled theme park for Galaxy Macau Renee Kingsley Latest Casino and Gambling NewsCasino expansion projectsChinaCasino mogulsMacau March 9, 2016 0Macau billionaire Lui Che-Woo made his fortune by turning the Galaxy Entertainment Group Ltd into the third largest casino enterprise...
China online retailer Alibaba makes big gambling moves in lottery and poker Lars Jones ChinaLotteryMergers, Acquisitions & PartnershipsFantasy eSports March 8, 2016 0Alibaba Group Holding Ltd. and affiliates are reported to be investing HK$2.39 billion ($308 million) to gain about 59% control of AGTech Holdings Ltd....
Steve Wynn’s compensation falls as VIP tables are ignored by Chinese gamblers Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 7, 2016 0With fewer VIP gamblers visiting Macau, the casinos in the once bustling city are now earning less money. With less...