Tuesday, March 19, 2019

Macau

Okada requests injunction to stop Wynn from ousting him

  Japanese businessman Kazuo Okada, formerly Wynn’s largest shareholder, has asked a U.S. federal judge for an injunction to stop a special Wynn Resorts Ltd...

Macau gambling revenue up 7.3 pct

  Gambling revenue in Macau rose 7.3 percent in January year-on-year, riding on the waves of mainland punters. January's revenue at USD $3.4 billion was...

Smoking ban yet to impact Macau casino revenues

  Average Daily Table Revenue (ADTR) was USD 99.9 million last week, which is below the first two weeks of the month, but expected due...

Mobile gambling growth prompts acquisition by Citic

Citic Telecom International Holdings Ltd. (1883:HK) has decided to buy 79% of Macau phone operator CTM for the noteworthy amount of USD $1.16 billion....

Smoking grief rises

The smoking ban that took effect on the first day of the year is creating grief across the industry. Operators, faced with last minute...

Chinese lottery monopoly extended

The Macau government will soon renew the contract with Sociedade de Lotarias Wing Hing Lda albeit with some changes. The company has held the...

Mass market helps lift Melco Crown Entertainment

Melco Crown Entertainment Ltd. (Nasdaq: MPEL), the second-most expensive Chinese casino stock after last year's 75 percent surge, will extend gains as recreational gamblers...

More gaming tables for Cotai

The table cap for operating properties - currently set at 5,500 for the 2011-12 biennium - shall be increased in 2013, the Macau Secretary...

TRENDING ARTICLES

BetConstruct announces strategic partnership with SA Gaming

BetConstruct has signed a strategic partnership agreement with SA Gaming, allowing the company’s various slots and live casino solutions will be integrated into BetConstruct’s...

Osaka Metro looks to Yumeshima IR for future revenue growth

The newly-privatized Osaka Metro, which operates the local subway system, sees the development of non-railway income, especially from Yumeshima, as the key driver for future revenue growth.

Quezon City vice mayor gets behind Bloomberry proposed casino

Quezon City Vice Mayor Joy Belmonte has placed her support behind the Bloomberry’s proposed QC casino, by passing a gambling ordinance that will allow...

Frontier Capital says has funds to restart Casablanca casino

Australia-listed Frontier Capital Group said it has the funds to satisfy the Philippine Amusement and Gaming Corp. requirements to restart operations of the Casablanca...

Networking and socials at ASEAN 2019

ASEAN Gaming Summit 2019 will feature not one, but five post-conference networking events over the three-day show, held from 19-21 March 2019 at Conrad Manila, Philippines. Added to...