Solaire Land Up for Sale

The Philippine Amusement and Gaming Corp. will auction off two parcels of land occupied by Solaire Resort and Casino in Manila’s Entertainment City. Solaire parent Bloomberry Resorts has the...

Published November 20, 2017

Philippines SEC Files Complaint against Calata

On November 8, the Philippines’ Securities and Exchange Commission filed a criminal complaint with the country’s Department of Justice against Calata Corp. and several executives for alleged market manipulation.

Published November 20, 2017

Legend to Sell Landmark—Lock, Stock and Casino

The presumed new owner of the Landmark Macau hotel (l.) will also acquire the casino operation there. The Pharaoh’s Palace gaming hall saw its revenue drop 22.6 percent in...

Published November 20, 2017

Slight Delay for Jeju Casino

Hong Kong-listed Landing International Development, promoter of Jeju Shinhwa World (l.) in South Korea, says the resort’s casino will open before the end of 2017, but after its previously...

Published November 20, 2017

Genting HK to Delist from Singapore Exchange

Genting Hong Kong Ltd. has announced it plans to delist from the Singapore Exchange effective next April 17. The company says the move will free the operator to “focus...

Published November 20, 2017

Still No Word on Vietnam Locals Casinos

Vietnamese nationals will be permitted to gamble in several of the country’s casinos starting December 1. But speculation continues about which of the country’s casinos will open their doors...

Published November 20, 2017

Macau to Consider Minimum Wage

The government of Macau will conduct a 45-day public review of a proposed minimum wage law that would apply to all workers in the city. Four public hearings on...

Published November 20, 2017

Singapore VIP Up in 2017

Sanford C. Bernstein Ltd. is rethinking its 2017 estimates for VIP gaming in Singapore. In a November 3 note, the brokerage projected Marina Bay Sands (l.) and Resorts World...

Published November 13, 2017

Japan Party Seeks Addiction Measures

The Osaka-based Japan Innovation Party, led by Osaka Governor Ichiro Matsui (l.), is looking for swift legislative action to combat gambling addiction as the country moves toward establishing a...

Published November 13, 2017

Analysts Say Naga 2 a Winner

Gaming analysts say the addition of Naga 2 (l.) to the NagaWorld casino complex Phnom Penh will generate $113 million in its first full year of operations. The $369...

Published November 13, 2017

Philweb Getting Closer to Resuming Operations

Philweb Corp announced it had received a Certificate of Accreditation from the Philippine Amusement and Gaming Corporation as an electronic gaming system provider to licensed online sites. However, PAGCOR...

Published November 13, 2017

China Nixes Gambling Tours

The China National Tourism Administration has banned tour groups to any destinations linked to gambling, drugs or the sex industry. Tour operators that visit such locations could face fines...

Published November 13, 2017

Sands Plans Phased Redo of Sands Cotai Central

The Las Vegas Sands Corp. says redevelopment of its Sands Cotai Central (l.) into the Londoner Macao will be completed in phases so the resort can continue to serve...

Published November 13, 2017

SJM Takes a Hit in 3Q

Macau casino operator SJM Holdings Ltd. saw a slight increase in gaming revenues for the third quarter, but adjusted EBITDA dropped 10.4 percent to HK$726 million (US$93 million) with...

Published November 13, 2017

IMF Commends Philippine Casino Response to AML Act

The International Monetary Fund is applauding the Philippines government for adding casinos to entities covered by the country’s Anti-Money Laundering Act.

Published November 13, 2017

Macau Named UNESCO Food Hub

Macau food culture was acknowledged when the city was added to UNESCO’s Creative Cities Network in the field of gastronomy. Food has been recognized as a way to “preserve...

Published November 13, 2017

MGM to Invest $9 Billion in Osaka IR

Meeting with Osaka Governor Ichiro Matsui (l.), MGM President & CEO James Murren last week said his company was ready to invest $9 billion in a Japanese casino. Meanwhile,...

Published November 6, 2017

Sands Plans $1 Billion Remodel on Cotai

The Las Vegas Sands Corp. has announced it will invest $1.1 billion in a major renovation of its properties on Macau’s Cotai Strip. When the dust clears, Sands Cotai...

Published November 6, 2017

PAGCOR Sees Revenue Boom

The Philippine Amusement and Gaming Corp., the country’s gaming regulator, posted positive results in the third quarter, with gaming revenues up 11 percent year-on-year and net income up 36...

Published November 6, 2017

October Ends with a Bang in Macau

Following a sluggish start to Golden Week, Macau saw a rally in the final 10 days of October, prompting analysts to kick up their revenue estimates for the month....

Published November 6, 2017