Tuesday, February 19, 2019

Banyan Tree unit helps Laguna Lang Co seek casino partner

A unit of The Banyan Tree Group will help Vietnam’s Laguna Lang Co. to find an operator for its proposed gaming facilities, according to...

Sri Lankan businessman Perera closes casino

Businessman Dhammika Perera has closed down his MGM Grand casino in the Sri Lankan capital Colombo, according to local media reports. The property was closed...

Gaming association holds meeting over trade union law

The Power of the Macao Gaming Association organized a meeting in which a number of gaming industry trade unions demanded that the government legislate...

Galaxy allocation in line with expectations: UBS

The Macau government has granted 150 new tables to Galaxy Macau phase 2, a number in line with what the industry expected after 200...

Macau government grants 150 tables to new resort

The Macau government said it has granted 150 tables to a new resort scheduled to open soon, according to Lionel Leong, Macau’s Secretary for...

Macau not target of China policies, but recovery timing unclear

China has no intention of killing the goose that lays the golden egg and the fallout from its anti-corruption campaign, which has sent GGR down for the past 11 months, is collateral damage rather than a deliberate attempt to harm business in Macau. This was the message from panelists at the G2E Asia show this week, although most agree prospects for a short-term rebound are slim. 

Aristo poised to cash in on city’s growth

Located amid the misty mountains and lush greenery of Lao Cai is the site of Donaco International’s Aristo property, its latest and upgraded site boasting more than 400 rooms in the border town between Vietnam and China.The towering five-star Aristo Hotel and Casino, a joint venture between Donaco and the Vietnamese government which owns 5 percent, has 428 hotel rooms and 40 gaming tables – a bold step up from the 34 rooms and eight gaming tables it had at its previous site a few minutes away at Lai Cai International. The new site also has 58 electronic gaming positions, with 34 linked jackpot slot machines and 24 electronic roulette seats. The casino’s license allows up to 300 EGMs.Aristo is the only casino for about 200 km and is positioning itself to take advantage of a mini boom taking place in the city. 

Universal sells stake in Philippine land affiliate

Japan’s Universal Entertainment may have overcome a roadblock that was delaying its $2 billion integrated resort in Manila by selling its stake in a...

Genting to sell Norwegian Cruise Line stake for $546.1m

Genting Hong Kong said it’s selling down its stake in Norwegian Cruise Line Holdings for net proceeds of about $546.1 million to raise funds...
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Melco Crown gives green light to $500m stock buyback

Melco Crown Entertainment said its directors have approved a plan to buy back as much as $500 million worth of stock. The 2015 stock repurchase...

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Hokkaido wraps up IR Experts’ Committee

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Emperor International further increases stake in its hotel-casino

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Wynn full-year results boosted by Palace earnings

Wynn Palace has continued to drive revenue growth for Wynn Resorts. with strong casino revenue growth in 18Q4 helping to boost its full-year results....

Pachinko business drags Sega Sammy down

Hit hard by falling sales in the pachinko machine business, Sega Sammy Holdings recorded a 4.0 percent year-on-year decrease in net sales the April-December...

MGM installs Sega Sammy’s Baccarat Maximum Fortune

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