Friday, June 5, 2020

New bill helps expedite development of Packer’s casino with De Niro

The government of Antigua and Barbuda has helped expedite the development of Australian billionaire James Packer and actor Robert De Niro’s $US250 million Caribbean...

Best Sunshine holds grand opening

THE temporary casino at T Galleria is now in full operation. On Friday night, Nov. 27, Best Sunshine live-training facility or temporary casino at T...

Genting increases investment in Resorts World Bimini to $600 million

The Resorts World Bimini project in the Bahamas is set to receive a further US$450 million from Kuala-Lumpur-based Genting. The investment will add another hotel with a...

Sri Lanka removes casino entrance fee, increases taxes

Sri Lanka plans to increase taxes imposed on gaming businesses, with the exception of rujino, to Rs.400 million (US$6 million), whilst removing the casino entrance...

No change in table cap policy, Lionel Leong says

Macau Secretary of Economy and Finance, Lionel Leong addressed the Legislative Assembly on Thursday, Nov. 26th as part of a five-hour Q&A session, during...

India’s Karnataka state mulls casino cruises

Karnataka, a state in southwestern India, is studying the option of floating offshore casinos to boost its tourism sector. However, it’s still not certain whether...

Cambodia’s politically connected casinos to run cockfighting

Casinos owned by ruling Cambodian People’s Party Senator Ly Yong Phat have been granted authorization to run cockfighting tournaments even though the sport was...

Lobby group withdraws request for probe of Adelson

The Campaign for Accountability has retracted an allegation that accused Las Vegas Sands Chairman Sheldon Adelson of tolerating prostitution in his casinos. The group said...

Macau’s challenge: Do policy-driven changes make for a successful market?

At this year’s Macau Gaming Show, experts were called upon to ponder whether Macau, the world’s largest gambling hub, can follow the example of Las Vegas and transform itself into an entertainment capital for the mass market.Views varied, but the one common thread was that it was going to be a long and painful transition. While Las Vegas revenue crumbled over a period of years following the financial crash of 2007, the Macau market has fallen off a cliff in little over a year largely as a result of a government policy decision in neighbouring China. That creates challenges for those trying to reinvent the market.

Tigre de Cristal counts on unique position, tourism under penetration

Summit Ascent Holdings is counting on the under penetration of the North Asian markets and its head start in the Primorye gaming zone to ensure the success of its new Tigre de Cristal property in Russia’s Far East. Speaking to AGB, Eric Landheer, Director - Corporate Finance and Strategy of Summit Ascent Holdings says the resort has a unique market position and is one of the only true integrated resorts in northern Asia. 

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