Silver Heritage Adds Financing

A subsidiary of Asian casino operator Silver Heritage Group Ltd. has secured $5 million in financing that will allow it to prepay $2 million of $20 million in outstanding...

Published August 28, 2017

Beached Goa Casino Boat Faces Ban

An offshore casino called the MV Lucky 7 (l.), which went aground near the Goan capital of Panjim, India in July and is still stuck there, must be removed...

Published August 28, 2017

Genting Hong Kong Sells Cruise Line Shares

Genting Hong Kong sold 3.29 percent of its stake in Norwegian Cruise Line Holdings for $90 million, lowering its investment from 11.13 percent to 8.94 percent. Expanding its cruise...

Published August 28, 2017

Sands to Face Off with Ex-JV Partner

The Las Vegas Sands Corp. must go to court to meet its former joint venture partner in Macau, Asian American Entertainment Corp. Ltd. In 2002, Sands dropped AAEC from...

Published August 28, 2017

Emerald Resort Breaks Ground in Philippines

The $341 million Emerald Resort and Casino in Lapu-Lapu City, Mactan Island has officially broken ground. It’s the first integrated resort in the Philippines to be built outside Luzon,...

Published August 28, 2017

$4B South Hoi An Casino Under Way

Phase I of a $4 billion integrated resort in South Hoi An, Vietnam has broken ground. The resort, called Hoiana, will open in phases starting in 2019.

Published August 28, 2017

Wynn Handed Court and Possible Financial Victories

A series of courtroom wins has strengthened the hand of Steve Wynn. The gaming mogul wants to obtain one of the first gaming licenses in Japan and his victories...

Published August 28, 2017

Trump Back in the Casino Biz?

DTTM Operations LLC, a company associated with U.S. President Donald Trump, has been approved by Macau lawmakers to register trademarks including casino services to bring the Trump brand to...

Published August 14, 2017

For Okada, the Legal Woes Mount

Kazuo Okada (l.), the Japanese machine gaming tycoon, was shot down by a Nevada court in his battle with Wynn Resorts and now has lost a defamation suit in...

Published August 14, 2017

India to Move Offshore Casinos to Land

After years of controversy about offshore gaming, the government of the Indian state of Goa has announced that a fleet of casino cruisers, including the Deltin Royale (l.), will...

Published August 14, 2017

Vietnam Market Valued at $1.2 Billion

Union Gaming says Vietnam’s gaming market is “likely larger than most expectations,” generating revenues of $1.2 billion. Vietnam just approved a three-year locals-gambling trial to be held at select...

Published August 14, 2017

‘Mini-Whales’ a New Target for Junkets

Some Macau junkets are now going after “the well-heeled, rather than the ultra-wealthy,” according to a news report. Smaller VIP junket operations recently opened in the L’Arc (l.) and...

Published August 14, 2017

Filipino VIPs Patronizing Saipan

Saipan’s new Imperial Pacific Resort, which opened Phase I of the complex in July, has seen a “gradual increase” in patronage by Filipino high rollers, according to a tourism...

Published August 14, 2017

GKL, Paradise Face Off in South Korea

JP Morgan Securities Ltd. says the Paradise City casino (l.), which opened in South Korea in April, poses a “stronger-than-expected” challenge to incumbent Grand Korea Leisure, and could tap...

Published August 14, 2017

MGM Reveals Details of Cotai Theater

The theater at MGM’s $3.3 billion integrated resort on Macau’s Cotai Strip (l.), due to open in the fourth quarter of this year, will be central to the entertainment...

Published August 14, 2017

Waterfront Philippines to Upgrade Resorts

Waterfront Philippines Inc. has announced a plan to renovate four properties, including its three casino hotels. The company will spend PHP1.65 billion (US$32.6 million) on the project.

Published August 14, 2017

NagaCorp CEO Assumes Majority Control

Chen Lip Keong, CEO of Cambodian casino firm NagaCorp Ltd., has been approved to take majority control of the company stock by the exercising conversion rights on two groups...

Published August 14, 2017

Morpheus Yet to Apply for Tables

Melco Resorts & Entertainment has not filed an application for gaming tables for the new Morpheus Hotel (l.) at its City of Dreams. Melco CEO Lawrence Ho has said...

Published August 14, 2017

Will Japan Kill the Golden Goose?

Tokoname in Japan’s Aichi Prefecture says it may make a bid for one of the country’s first integrated resort licenses and is supported by Aichi Governor Hideaki Omura (l.)....

Published August 7, 2017

Mohegan Sun to Break Ground on South Korean Casino This Year

The tribe that operates the Mohegan Sun, and several other gaming properties in the U.S., is venturing into international gaming. The Mohegan Gaming & Entertainment (MGE) has announced it...

Published August 7, 2017