Tuesday, July 23, 2019

Labor bureau investigating death of a construction worker

The Labor Affairs Bureau is investigating the death of a 50-year old construction worker from the Mainland who was killed while working on the...

Macau junkets threaten to quit over smoking ban

The Macau Junket Operators Association threatened that its members would quit Macau if the industry’s falling revenues from the VIP sector are made worse...

Packer poaches Wynn’s nightclub whizz

James Packer has poached another former top Wynn employee, Jesse Waits, to be behind the Australian tycoon’s nightclub operations as he looks to gain...

Macau banks challenged by economic slowdown

Fitch Ratings says Macau's economic slowdown, largely the result of a decline in gaming revenue, will challenge its banks, as loan growth across all...

U.S. judge won’t unveil LVS files in Macau wrongful dismissal case

A U.S. judge said she won’t unseal confidential documents that could reveal business ties between Las Vegas Sands and Chinese triad gangs. District Judge Elizabeth...

Macau operators win smoking ban reprieve, but for how long?

Macau’s casino operators, who have put up a united front in opposing a proposed blanket ban on smoking, may have won a battle with signs the government is softening its stance, but have not yet won the war.After appearing firm in its resolve to make smoking in casinos a thing of the past, the government has mellowed its tone and says it will consider keeping the lounges. But the onus will be on the operators to prove they are not harmful to health and that may be a tough call.

Travellers allocates PHP8.8bn for RWM expansion

Travellers International announced details of how it will allocate funds from its 2013 Initial Public Offering to expand its Resorts World Manila property. On November...

Cambodia collects 20 percent more gaming tax in H1

Cambodia collected $12 million in tax from casinos in the first six months of the year, a year-on-year increase of 20 percent, local media...

Imperial Pacific gets green light to proceed with city casino

Hong Kong-listed Imperial Pacific said it has been given the green light to proceed with the construction of a new town hotel, the Grand...

For Saipan business leaders size does matter

When Hong Kong-listed Imperial Pacific announced it was doubling the size of its planned casino development on the South Pacific island of Saipan to $7 billion some analysts began scratching their heads.Local business leaders argue that the new complex, with plans for 4,000 hotel rooms, 1,600 gaming tables and 3,500 slot machines, is too large for the island to support. Saipan lacks the necessary infrastructure, transport links and manpower for such large-scale projects, prompting questions as to what is the right size. 

TRENDING ARTICLES

Meg-Star opens VIP poker room at Macau Roosevelt

Meg-Star has launched its watch-themed Poker VIP Club at the Macau Roosevelt, named “Poker Time”. The VIP poker room is said to be the...

New Zealand updates national strategy to tackle gambling harm

The New Zealand government has promised NZ$60 million (US$40.4 million) in funding over the next three years aimed at tackling problem gambling, particularly in...

Melco, MGM announce anniversary bonuses

MGM China and Melco Resorts and Entertainment said they will pay a bonus equivalent to one month’s salary to celebrate the 70th anniversary of the founding of The People’s Republic of China and the 20th anniversary of the establishment of Macau as a Special Administrative Region.

70 percent of suspicious transactions came from casinos

A little over 70 percent of all suspicious transactions in 19H1 took place inside of gaming venues, according to data from the Macau Financial...

Cambodia casino growth a threat to Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.  In a recent...