Saturday, May 25, 2019

Macau off to slow start in June

Macau table-only gross gaming revenue was MOP3.3 billion ($410m) from June 1 to June 7, according to checks made by Sterne Agee. Including slot assumptions,...

Sands Cotai partners with Lander Real Estate for sporting events

Sands Resorts Cotai Strip Macao announced that it has entered into a long-term strategy partnership with Lander Real Estate Co., Ltd., to co-develop sporting...

Junket association chief voices smoking ban concerns at forum

The Macau junket association head said that a blanket smoking ban would be a “disastrous blow” to the troubled gaming industry. Speaking at the Macau...

Konami to provide games to Best Sunshine

Konami Gaming will be given a license to sell gaming machines and furniture to Best Sunshine International, which is building a casino on Saipan...

Nepal casinos open for business

Nepali authorities are in the process of assessing damage to the country’s all important tourism sector after the deadly earthquake that hit the country on April 25, though casino operators say they are already back in business and expect any impact on revenues to be temporary. The casinos may even benefit from the aid and investment flooding in from India to help reconstruction efforts.

Sri Lanka’s John Keells to move ahead with resort despite casino ban

John Keells Holdings plans to move ahead with an $850 million resort project in the Sri Lankan capital Colombo despite a ban on casinos...

How will Macau treat casino gaming license renewals?

The government’s mid-term review of Macau’s six gaming operators is now well underway, assessing the strengths and weaknesses of the concessionaires and sub-concessionaires ahead of the expiry of current concessions.Against a backdrop of a year of falling gambling revenue and a crackdown on corruption by mainland China, it has added a further layer of regulatory uncertainty in the market.

Macau gaming students visit Nevada

A group of students from the Macau Polytechnic Institute-Gaming Teaching and Research Center are on a study tour at the University of Nevada in...

Macau casino stocks gain as CS points to “green shoots”

Shares in Macau casino operators gained Thursday following a Credit Suisse analysis of the breakdown of May gambling revenue that pointed to “some green...

Big Lifestyle forms marketing accord for Silk Road casino project

Big Lifestyle and Development (Seychelles) said it will act as the exclusive sales and marketing partner for a new casino resort being built in...

TRENDING ARTICLES

Note offer still allows MGM room for funding: Fitch

MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.

Hoiana center of Suncity expansion plans in Southeast Asia

A representative of SunCity Group says that its Hoiana IR project forms the center of the group’s expansion plans for Southeast Asia, according to...

Bright future seen for gaming growth

Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

DICJ boss skips G2E Asia due to illegal gambling concerns

The head of the Gaming Inspection and Coordination Bureau, Paulo Martins Chan, who was scheduled to deliver a keynote speech at G2E Asia yesterday,...

India tax officials question fantasy sports GST best practice

India’s tax authorities are currently working out how to best tax online fantasy gaming businesses, after launching an inquiry into how GST is calculated,...