Tuesday, March 19, 2019

Macau junket scandal not hurting VIP business yet

The scandal involving junket operator Kimren doesn’t appear to have had a negative impact on the junket system, based on revenue from the past...

VIP GGR may slow amid junket operator scandals, analysts say

Recent scandals affecting Macau’s junket operators are likely to lead to a further slowdown in VIP gross gambling revenue growth, analysts say. Macau’s junket...

Macau Legend enters junket accord to boost VIP gaming revenue

Macau Legend said its subsidiary Hong Hock has entered into a variable interest entity agreement allowing it to boost its share of revenue from...

Las Vegas Sands stepping up junket supervision

Las Vegas Sands Corp. is stepping up scrutiny of Macau junket operators in a move that’s likely to reduce the number of middlemen working...

China Star Entertainment loans Macau junket HK$200 mln

China Star Entertainment told the Hong Kong Stock Exchange in a regulatory filing that it has extended HK$200 million ($25.8 million) in loans to...

Hengsheng signs VIP junket accord with London’s Ritz Club

Hengsheng Group has signed an exclusive accord to bring Chinese VIP to London’s Ritz Club, according to GamblingCompliance. It’s allegedly the first open-ended deal...

China Star in junket talks

China Star Entertainment Limited said in a Hong Kong Stock Exchange filing that it’s in talks to acquire a company, which “will be entitled...

Junkets to set up in Northern China, eye Russian cash

Macau’s casino junket operators want to establish client networks in the north of mainland China to target casino openings in Russia’s Far East, Hoffman...

International Entertainment in talks to take over Macau junket

International Entertainment Corp is in talks to pay up to 7.35 billion Hong Kong dollars ($947.9 million) for a 70 percent stake in a...

Macau Legend Development reaffirms casino, junket plans

Macau Legend Development said in a filing to the Hong Kong Stock Exchange that it wants to diversify its business and indirectly participate in...

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BetConstruct announces strategic partnership with SA Gaming

BetConstruct has signed a strategic partnership agreement with SA Gaming, allowing the company’s various slots and live casino solutions will be integrated into BetConstruct’s...

Osaka Metro looks to Yumeshima IR for future revenue growth

The newly-privatized Osaka Metro, which operates the local subway system, sees the development of non-railway income, especially from Yumeshima, as the key driver for future revenue growth.

Quezon City vice mayor gets behind Bloomberry proposed casino

Quezon City Vice Mayor Joy Belmonte has placed her support behind the Bloomberry’s proposed QC casino, by passing a gambling ordinance that will allow...

Frontier Capital says has funds to restart Casablanca casino

Australia-listed Frontier Capital Group said it has the funds to satisfy the Philippine Amusement and Gaming Corp. requirements to restart operations of the Casablanca...

Networking and socials at ASEAN 2019

ASEAN Gaming Summit 2019 will feature not one, but five post-conference networking events over the three-day show, held from 19-21 March 2019 at Conrad Manila, Philippines. Added to...