Sunday, July 5, 2020

Residents on Taiwan’s Penghu ready for casino referendum

Taiwan’s outlying island of Penghu may hold another referendum on whether to allow casinos, local media reports. The local government's Referendum Screening Committee passed a...

IRs not a one size fits all model for Asia

Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?

Gotham City meets Great Gatsby

AGB had the privilege of attending the official launch of Studio City in Macau this week. At the press conference on Monday 26 October,...

Japan Casino Bill held up by gambling addiction concerns

In a quiet neighborhood in Yokohama, Japan, about twenty senior citizens gather each day in a facility called Day Service Las Vegas. For hours on end they play at card games, mahjong, slot machines, and pachinko. At first glance this may look like an illicit casino patronized exclusively by the elderly, but on closer inspection the 10,000 yen bills that change hands are not Japanese currency at all, but rather the equivalent of Monopoly money. Although this may seem like innocent fun, in Japan even this pastime is viewed as controversial amid concern over problem gambling. 

MGM swings to Q3 profit, announces plans for REIT

MGM Resorts International (MGM) posted better-than-expected Q3 earnings as strength from its U.S. operations outweighed a 33 percent decline in Macau revenues and announced...

Imperial Pacific ends loan agreement with Heng Sheng

Imperial Pacific International said that through a subsidiary has terminated a loan and profit transfer agreement with Macau casino junket Heng Sheng Group. Excel Earth...

Packer declines to confirm ‘The Audition’ film cost

Melco Crown co-chairman James Packer sidestepped confirming the price tag of the 15-minute film/advertisement directed by Martin Scorsese that was screened at the opening...

Macau at “cross-roads” with Studio City launch, MS research finds

Macau is at a crossroads with the opening of Studio City, which will either result in supply-driven demand or competition and low margins, Morgan...

Crown acquires 20 percent interest in Nobu

Crown Resorts announced that it has acquired a 20 percent ownership interest in the international restaurant and hotel company, Nobu, for $100 million. The other...

Macau’s top gaming regulator to step down by end-Nov.

Macau’s top gaming regulator Manuel Joaquim das Neves told local radio he will step down by the end of November to spend more time...

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IPI owes community benefit fund $37 million

Commonwealth Casino Commission (CCC) executive director Charlie Atalig has filed a complaint against IPI for allegedly failing to contribute $40 million in community benefits...

Genting applies for online license for Ireland

Genting Malaysia has applied for a certificate of personal fitness for an online gaming license for Ireland, according to local media reports.

Thai/Malay authorities bust illegal gambling rings

Up to 42 Chinese nationals were arrested in the Malaysian capital and more than 200 were detained in Northern Thailand following raids on illegal gambling operations, according to local media reports.

NSW Crown probe set to resume with narrowed focus

The NSW government’s inquiry into Crown Resorts’ casino license in Sydney is set to resume after a three-month suspension due to covid-19, however, the...