Jeju Shinhwa Casino to Open this Year

Landing International will open the casino at Jeju Shinhwa World on December 8, the company has announced. The resort’s theme park will open at the same time.

Published October 2, 2017

Suncity to Open at Okada Manila

Macau junket investor Suncity Group will reportedly open VIP operations at Okada Manila (l.) in fourth-quarter 2017. A report from Morgan Stanley says Chinese high rollers are responsible for...

Published October 2, 2017

Macau Company Offering New Cryptocurrency to Fund Casino

Despite a ban on new cryptocurrency by China, a Macau company is hoping to raise $500 million through an initial coin offering for a casino project there. The company,...

Published October 2, 2017

IPI Pulls In $1 Billion+ through July

Imperial Pacific International’s new resort casino on the Pacific island of Saipan has generated more than $1 billion in gross gaming revenue from January through July 2017, says a...

Published October 2, 2017

Macau Plans Ban on Gambling by Casino Workers

Casinos in the Chinese territory already bar their employees from gambling in their own properties. The city’s gaming regulator, concerned about problem gambling, wants to extend that to all...

Published October 2, 2017

Donaco’s Lim Family Sells Shares

The family of Joey Lim (l.), managing director of Malaysian casino giant Genting Bhd, has sold off 37.5 million shares in Australia-listed casino operator Donaco International Ltd.

Published October 2, 2017

Oh, Snap! Japan Casino Legislation Deferred Until 2018

Japanese Prime Minister Shinzo Abe’s (l.) call for a snap election means the country’s IR implementation bill will be pushed into the spring of 2018. The general election is...

Published September 25, 2017

MGM Cotai Pushes for ’17 Opening

With the clock ticking, MGM China continues to press for a 2017 grand opening of its casino resort on Macau’s Cotai Strip. Construction has “continued at a good pace,”...

Published September 25, 2017

RWM on the Road to Recovery

Casino patrons in the Philippines are starting to return to Resorts World Manila in Entertainment City. The resort was shut down in June after a deadly attack by a...

Published September 25, 2017

IPI Posts VIP Impairment in the Millions

Imperial Pacific International, which runs the only casino resort on the U.S.-controlled island of Saipan, says the impairment of trade receivables from its VIP business hit US$266.5 million for...

Published September 25, 2017

Goa to Enforce Locals Gaming Ban

New draft rules to amend Goa’s 2012 Prevention of Gambling Act will mean the earlier legislation banning locals from casinos will finally be enforced. The Indian state has 17...

Published September 25, 2017

Landing Raises Millions for Jeju Resort

Hong Kong-listed Landing International Development has raised net proceeds of HKD1.79 billion (US$229.2 million) through the placement of 24 billion shares. It will use the funds to develop its...

Published September 25, 2017

Frontier ISO Philippines Casino Partner

Australia-listed Frontier Capital Group is in talks with a third party to manage its Casablanca Casino (l.) in the Philippines’ Clark Freeport Zone. A deal with E!xcite Gaming and...

Published September 25, 2017

FLC Group to Expand into Gaming

Vietnamese real estate developer FLC Group may expand into the gaming industry. Chairman Trinh Van Quyet recently pitched Japanese investors on his ambitious plan for a casino resort in...

Published September 25, 2017

Shareholders OK Neptune Name Change

Shareholders of Macau junket investor Neptune Group Ltd. have approved a plan to change the company name to Rich Goldman Holdings Ltd. the name Neptune did not “reflect the...

Published September 25, 2017

PAGCOR To Sell Off 17 Casinos

Starting next year, the Philippine Amusement and Gaming Corp. will sell an estimated 17 of its 46 casino properties, some of them branded Casino Filipino (l.). It’s the first...

Published September 18, 2017

Hato Was a $1.36 Billion Storm

Typhoon Hato, the storm that hit Macau in August with winds exceeding 120 miles per hour, will cost the city almost at least MOP$11.5 billion (US$1.36 billion) in economic...

Published September 18, 2017

Kangwon Land Hit by Jobs Scandal

They’re calling it “Kangwon Land Gate.” South Korea’s largest casino by revenue―and the only casino (l.) open to gambling by the country’s citizens―is in the cross-hairs of the ruling...

Published September 18, 2017

Cambodia to Overhaul Gaming Law

Cambodia may strengthen the regulations that govern its casino industry in hopes of luring fresh international investment. Draft legislation on the matter is expected to go to parliament this...

Published September 18, 2017

13 Holdings about to Open?

Reports say billionaire Stephen Hung’s plan to open 13, an ultra-high end casino hotel in Macau, threatens the viability of the company that would operate it, 13 Holdings Ltd....

Published September 18, 2017