Friday, August 23, 2019

Macau junket model “near broken,” Standard Chartered says

The Macau VIP/junket model that helped fuel growth in the world’s biggest gambling hub now appears to be “near broken,” with no near-term respite...

Junket operators sell Macau flats

Junket operators have begun selling their properties in Macau amidst the slump in VIP revenue, local media reports. The VIP promoters are mostly selling expensive,...

Summit Ascent reaches accord with Macau junket

Summit Ascent, the developer of a gaming property in Vladivostok that will target VIPs from northern China, has signed a deal with one of...

Macau junket operators quit under pressure from Beijing

In another sign of the impact of China’s anti-corruption drive on Macau's casino business, junket operators are quitting the business or moving to other...

Call to extend Macau casino smoking ban

The Macau Gaming Enterprises' Staff Association is urging the government to enforce a smoking ban inside all private gaming rooms in casinos. This comes...

Analysts bearish on Genting Singapore

Genting Singapore is in analysts’ and investors’ bad books after its shares slipped 11 percent in just a month following its release of sluggish...

Nagacorp eyes Buddhist land, confrontation looms

In Cambodia, the country’s casino owner NagaCorp may be heading for a confrontation with militant Buddhist monks over the company’s plans to develop a...

China crackdown boosts Manila, Las Vegas

Casinos around Asia and in the United States are benefiting from Beijing’s crackdown on corruption and extravagance by attracting Chinese high rollers with a...

Saipan casino commission delays

Procedural disputes are holding up the appointment of three nominees to the Commonwealth Casino Commission in Saipan. A session of the Saipan and Northern Islands...

Unforeseen delays for Summit Primorye

Summit Ascent Holdings says the construction of its Primorye project in the Russian Federation has been delayed “due to unforeseen obstacles” and the opening...

TRENDING ARTICLES

GKL Seven Luck

Korea’s foreigner-only casinos post strong gains in 2018

South Korea’s foreigner-only casinos posted strong revenue growth in 2018, gaining 34 percent over the prior year, according to figures from the country’s National Gambling Control Commission.

NSW Planning rejects Star’s $500m Ritz Carlton tower

NSW’s Department of Planning has recommended the rejection of Star Entertainment Group’s proposed $500 million Ritz-Carlton branded hotel tower, local media reports.  Last year, the...
Vietnam Ha Long Bay

Navigating Indochina’s investment risk

Indochina’s casino markets continue to present robust growth, providing significant investment opportunities for operators with a strong appetite for risk, but they are also likely to need deep pockets as established capital markets are wary of these grey jurisdictions.

Virtual sports a winning bet in Asia

One of the biggest developments Betradar made in Asia this year was the launch of their new virtual Asian Cup. The product added to...

Vietnam busts $69m illegal gambling ring

Vietnamese police have arrested 13 people in connection with a VND1.6 trillion ($69 million) illegal gambling ring, VN Express reports.  Six people would be charged...