Losses Grow for Royal International in Vietnam

Royal International Corp., owner of the only casino in Vietnam’s Halong Bay region, says third-quarter losses are up 23 times year-on-year to more than VND69 billion (US$3.04 million).

Published November 6, 2017

QC Could Clamp Down on Gambling

Officials in the Philippines’ Quezon City are considering a draft ordinance that would tighten regulations on gambling in the city. They say the measure has nothing to do with...

Published November 6, 2017

Macau Visitors Must Declare Cash

Starting November 1, a new regulation requires visitors to Macau to declare cash of MOP 120,000 (US$15,000) or more. The measure is one more weapon in the fight against...

Published November 6, 2017

Kinmen Island to Vote on Casinos

Voters in Kinmen County, Taiwan, will go to the polls this month to vote on casino gaming on the island. A petition with more than 6,200 signatures was required...

Published October 30, 2017

Philippines Enacts Strict Anti-Money Laundering Rules for Casinos

Philippines casinos will be required to record and verify the “true identity” of customers starting November under new rules from the country’s Anti-Money Laundering Council. The minimum customer information...

Published October 30, 2017

Macau Slowdown Predicted

GGR in Macau is expected to grow by approximately 12 percent year-on-year for the fourth quarter of 2017, down markedly from the third-quarter increase of 22 percent, according to...

Published October 30, 2017

No Casinos for Guam

Tourism authorities in Guam, part of the Commonwealth of the Northern Mariana Islands, say they will not join Saipan in developing casinos to stoke visitation.

Published October 30, 2017

Razon Commits to Casino in Quezon City

Enrique Razon (l.), chairman and CEO of Philippines casino operator Bloomberry Resorts Corp., says the company will proceed with plans to build a casino resort at Quezon City, north...

Published October 30, 2017

13 Shares Take a Dive

Billionaire Stephen Hung’s plan to develop an ultra-high end casino hotel in Macau hasn’t paid off. Shares of 13 Holdings Ltd. fell to their lowest level in decades after...

Published October 30, 2017

Casino May Rise Near Everest

A luxury hotel resort and casino is planned for Kathmandu. It will be a partnership of Event Hospitality and Hotel Pvt. Ltd. and the Deltin Group.

Published October 30, 2017

Macau Up for October, Despite Not-So-Golden Week

Daily gross gaming revenues in Macau will rise 14 percent to 15 percent year-on-year for the month of October, according to Japanese brokerage Nomura. It’s welcome news after a...

Published October 23, 2017

Wakayama Wants Ban on Locals

Wakayama Prefecture in Japan may bid for a casino, but it advocates a gaming hall that’s open to foreigners only. The prefecture’s integrated resort plan will be submitted to...

Published October 23, 2017

North Korea OKs Horse Betting

The isolated dictatorship, badly in need of foreign currency and investment, is turning toward gambling. Lottery-style race betting has been sanctioned. A casino cruise ship could be next.

Published October 23, 2017

Report: Okada Manila Seeks Backdoor Listing

Tiger Resort, Leisure & Entertainment, owners of the $2.4 billion Okada Manila resort in Entertainment City, is reportedly in talks with local holding firms to attain a backdoor listing...

Published October 23, 2017

Bowie: MGM Cotai to Open with Mass Tables Only

MGM Cotai, a project of MGM China Holdings Ltd., will open with mass gaming tables only, says CEO Grant Bowie (l.). VIP gaming will be added later. The resort,...

Published October 23, 2017

China Star to Sell Hotel Lan Kwai Fong

China Star Entertainment Ltd. will sell Hotel Lan Kwai Fong Macau (l.) to former legislator Chan Meng Kam for HK$2 billion. The local businessman owns Golden Dragon Co. Ltd.,...

Published October 23, 2017

Typhoon Khanun Glances by Macau

A severe storm warning kept Macau on alert last week, but Typhoon Khanun came and went without doing major damage to the city. In fact, some residents thought price-gouging...

Published October 23, 2017

Macau ‘Vulnerable’ to Terrorism

Macau’s Big 6 casino operators will work with the city’s Judiciary Police to plan a response to potential attacks on the gaming sector. A risk consultancy says the industry...

Published October 23, 2017

Genting, Melco All in for Japan

Singapore-listed Genting, which will be one of the big gaming operators bidding on an integrated resort license in Japan, applied last month to issue Japanese yen-based bonds. It has...

Published October 15, 2017

MGM Cotai Delayed Until January

As expected, MGM Resorts International will postpone the opening of its casino resort on Macau’s Cotai Strip to late January 2018. The site was damaged by Typhoon Hato, which...

Published October 15, 2017