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

Incheon Airport Plans Cruise Ship Terminal

The busy airport west of Seoul is developing a cruise ship terminal (l.) that officials say will boost annual passenger volumes in and around the airport to more than...

Published September 18, 2017

Donaco Eyes Vietnam

Asian casino operator Donaco International Ltd. is more interested in Vietnam now that the government will permit citizens to gamble. Three casinos will take part in a three-year trial...

Published September 18, 2017

Philippine Court Cases Collapse

Two former commissioners with the Philippines Bureau of Immigration have withdrawn a complaint against casino kingpin Jack Lam (l.) in a 2016 bribery case. The men said Lam offered...

Published September 18, 2017

Where, Oh Where Will Japan IRs Go?

As Japanese lawmakers prepare for the autumn parliamentary session, cities including Osaka, Wakayama (l.) and Hokkaido are pushing for their chance to host one of the country’s first integrated...

Published September 4, 2017

Universal Mum on Okada Report

Universal Entertainment has received an investigative report on “potentially fraudulent acts” by former Chairman and Director Kazuo Okada (l.). But it has not disclosed the results of that investigation.

Published September 4, 2017

IPI Writes Off Millions in Bad Debts

Imperial Pacific Holdings International, the sole casino operator on the U.S.-controlled island of Saipan, more than doubled its revenues at the resort in the first half of 2017, but...

Published September 4, 2017

Genting Malaysia Expects Reduced Revenues

Casino operator Genting Malaysia Bhd says it expects 2018-19 earning estimates to be cut back on news that a theme park at Resorts World Genting (l.) will not open...

Published September 4, 2017

Landing May Move Korean Casino

Chinese real estate firm Landing International Development Ltd. may relocate its foreigners-only Jeju Island casino to a new integrated resort, Jeju Shinhwa World (l.), now in development on the...

Published September 4, 2017

Neptune Goes for the Gold

Macau junket investor Neptune Group Ltd. will change its name to Rich Goldman Holdings Ltd. pending shareholder approval, the company announced in an August 24 filing to the Hong...

Published September 4, 2017

Lotte Tour Raises $34.5M for Jeju Project

Lotte Tour Development Co., promoter of the planned Jeju Dream Tower Casino Resort (l.) on Jeju Island, South Korea, has raised $35.4 million towards the project with a bond...

Published September 4, 2017

Japan Casino Hearings Continue

Public hearings on Japan’s imminent gaming industry continue to unfold as global operators look for regulatory details. Cities looking to bid on a license now include Osaka, Yokohama and...

Published August 28, 2017

Okada Manila Poised to Be Market Leader

Okada Manila, the latest integrated resort to open in Manila’s Entertainment City, will not cannibalize the market but go on to dominate it, according to a new report from...

Published August 28, 2017

Vietnam a Billion-Dollar Market

The gaming market in Vietnam is “likely larger than most expectations,” according to Union Gaming analyst Grant Govertsen (l.), with gross gaming revenues estimated in the US$800 million to...

Published August 28, 2017

Melco’s Studio City Plans IPO

Studio City, a Hollywood-themed casino resort in Macau, is planning an initial public offering in the United States, according to Nasdaq-listed developer Melco Resorts & Entertainment.

Published August 28, 2017

London Calling in Macau

Reports say Sands Cotai Central (l.) will renovate its four hotel towers to create a faux London in Macau. The Sands also owns and operates the Venetian and Parisian...

Published August 28, 2017

All Crown Staffers Now Free

Months after 19 Crown Resorts staffers were first detained in Mainland China, VP Jason O’Connor (l.) was the last to be freed from a Shanghai detention center. The team...

Published August 28, 2017