Thursday, July 9, 2020

Best Sunshine says it’s in compliance with anti-smoking law

VIP gaming investor Best Sunshine said it is within the anti-smoking law at its Saipan casino due to the law stating that smoking is...

Primorye sets new conditions for future investors

Future investors in the Primorye gambling zone in Russia’s Far East will need to make a special contribution worth about 1.5 billion roubles ($23...

Chinese police bust major underground banking network

Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd alone, Reuters...

Entertainment and SMEs are solution to Macau’s slump, experts say

Experts at a seminar held in Hengqin said Macau should focus on bringing in more entertainment along with supporting local SMEs, TDM Macau reported. "This...

MGM Resorts closes sale of Circus Circus Reno and interest in Silver Legacy

MGM Resorts International has closed the sale of Circus Circus Reno and its 50 percent interest in Silver Legacy Resort Casino Reno to Eldorado...

Kingston Financial gaming revenue falls, says not expecting worse to come

Kingston Financial, which operates two properties in Macau, reported a steep drop in interim profit from its hotel and gaming business, but said it...

KCC Korea casino plan credit negative, Moody’s says

KCC Corp’s plan to team up with U.S. tribal operator Mohegan Sun on a casino venture in South Korea is credit negative for the...

Genting HK completes acquisition of shipbuilding firm

Genting HK announced that it has completed the transaction to acquire German shipbuilding firm Lloyd Werft Bremerhaven AG for EUR17.5 million ($18.6 million). The completion...

Smoking lounges could stem potential GDP decline: KPMG

If smoking lounges in Macau casinos are retained the city’s GDP may only decrease by 0.71 percent compared with a potential decline of 16...

GEG to offer engineering graduate training

Galaxy Entertainment Group announced that it has become the first gaming operator in Macau to receive accreditation to offer an engineering graduate scheme. The accreditation of Engineering...

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Morpheus named ‘Best New Hotel in Macao’ at TTG China Travel Awards

Morpheus at City of Dreams by Melco Resorts & Entertainment has been named ‘Best New Hotel in Macao’ by the 13th Annual TTG China...

Reef Hotel Casino anticipates opening on July 11

The Reef Casino Trust reported to the Australian Securities Exchange on Wednesday that it anticipates that the Queensland government will allow it to reopen...

Jumbo donates 10,000 masks to Philippines and Cambodia

Jumbo Technology is donating a total of 10,000 masks to the Philippines and Cambodia in its first round of medical funding and donations.  “Countries have...

Paradise Co. June revenue drops more than 80%

Paradise Co. has reported an 80.8 percent drop in revenue for June compared with the same month a year earlier, though also said business had dropped off since May.