Wednesday, May 22, 2019

Alliance Global announces Manila expansion plans

Alliance Global Group Inc. (AGI) the listed vehicle of billionaire entrepreneur Andrew Tan, plans to complete the first phase of recently acquired Resorts World...

Macau labor protesters questioned by police

The dispute between workers and the casinos in Macau is heating up with union leaders now claiming intimidation after being questioned by police and...

Wynn Resorts gets Boston casino

Wynn Resorts has won a battle to build a $1.6 billion casino and entertainment resort in the state of Massachusetts, the third casino license...

Nagacorp eyes ties with N. Asia junkets

Nagacorp said it’s eyeing the North Asian market and seeks to build new junket ties with the region to grow and diversify its revenue...

Macau junket investor in for $3 billion casino in Saipan

An investor in one of Macau's largest junket operators plans to spend $3 billion in casino resort complex in the western Pacific island of...

China Star grants $26m loan to Macau junket company

China Star Entertainment said it has agreed on a HK$200 million ($26 million) two-year loan to a Macau junket company buying itself time to...

Junkets under strain, Daiwa says

Macau’s small and mid-sized junket operators may be feeling the strain as liquidity tightens, Japanese investment bank Daiwa Securities was cited as saying. Six VIP...

Junkets diversifying, following client trends

Macau’s junket operators, which bring in the majority of China’s big spending gambling into the territory’s casinos, are increasingly diversified business groups, with their...

U.S. union calls for probe of Macau junket

A U.S. trade union is calling on Macau’s gaming regulator to probe a license granted to a junket room operator, alleging the company has...

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...

TRENDING ARTICLES

Sands China invests in green technology for its properties and fleets

Macau gaming operator Sands China is investing in a number of initiatives to reduce its impact on the environment, such as solar panels, recycling...

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

Kansai IR Expo reveals rapid growth of the gaming industry

The scale of the Kansai IR Industrial Expo held in Osaka on May 15 and 16 testified to the rapid rate of growth of the gaming industry in Japan as it was clearly much larger than its predecessor event held a year ago in the same city.

Parañaque court affirms Okada warrant of arrest

A Parañaque City trial court has affirmed the warrant of arrest issued earlier this year against Japanese gaming mogul Kazuo Okada, local media reports. Okada’s...

Summit Ascent announces board changes after Suncity hikes stake

Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.