Thursday, June 20, 2019

Lawyer pushes for clarity on mothballed Maharashtra casino act

With a huge and rapidly expanding middle class, the potential for casino companies in India knows no limit -- apart that is from a lack of a legal framework. Gambling is banned in all but three states but, even then, the situation is not clear cut. However a young lawyer has been making waves with his attempts to force more clarity on the legal situation in Maharashtra, the third-most populous state whose capital Mumbai is the commercial heart of India and one of the biggest cities in the world.

Bursting stock bubble adds no fizz to Macau GGR

When the mainland Chinese government's anti-graft campaign began to bite into Macau's gaming revenue last year, many analysts suggested the big players had fled to safer ground in the then-booming Chinese stock market.But that bubble has now burst, with the Shanghai Composite Index seeing its worst daily fall in eight years in August, sending shockwaves through global bourses. If that boom is now well and truly over, is there any argument for a corresponding turnaround in Macau?

Crown Resorts’ main floor gaming revenue up 10 percent

Revenue from Crown Resorts' main floor gaming operations in Australia rose 10 percent from July to October 18, while non-gaming revenue grew by one...

Western Australia’s Broome region eyes casino

The Shire of Broome in the north of Western Australia is considering a casino and has hired a consultant to look at the viability...

Melco Crown gets 250 tables for Studio City

Melco Crown Entertainment has announced that the Macau government has allocated 250 gaming tables to its new Studio City resort, which is scheduled to...

Workers protest outside Beijing Imperial Palace over unpaid wages

About three dozen workers have staged a protest outside Macau's Beijing Imperial Palace casino-hotel, formerly known as Greek Mythology, TDM Macau reported. The group alleges...

CY management launches Super 88 Fortunes at Grandview Casino

CY management announced that it launched the game Super 88 Fortunes at the Grandview Casino last month. Grandview Slot Casino, which is currently managed by...

Macau’s latest revenue checks disappoint again, analysts say

Gross gambling revenue appears to have slowed again in the week ending Oct. 18th, disappointing analysts after a “strong” Golden Week. Average daily revenue in...

Okada to face U.S. questions over Wynn ouster

Japanese billionaire Kazuo Okada will have to travel to the U.S. to face questioning over events leading to his ousting from Wynn Resorts’ board...

Studio City Event Center unveiled to over 8,500 employees

Melco Crown Entertainment unveiled its Studio City Event Center to over 8,500 employees last week at three staff rallies.  The rally was officiated by MCE’s...

TRENDING ARTICLES

MGM walks away from Everett casino discussions

MGM Resorts has abandoned talks with Wynn Resorts over the sale of its $2.6 billion Encore Boston Harbor casino, according to an announcement on...

Spintec eyes Asia expansion, launches in Australia

Spintec, a maker of electronic table games, is planning further expansion in Southeast Asia this year and made its market debut in Australia last week.

Government can’t force casinos to install FRT

The director of Unitary Police Service (SPU), Ma Io Kun has clarified that the government does not have the right to force casinos to...

Konami launches casino management system in New Mexico

Konami Gaming announced that its Synkros casino management system has been successfully launched at two facilities in the US state of New Mexico—Black Mesa Casino and Black Mesa Travel Center on San Felipe Pueblo.

SMBC to launch Yumeshima development team

The Sumitomo Mitsui Banking Corporation (SMBC) has revealed that it will be launching a special “Osaka-Kansai Project Team” to focus on the development of...