IPI Paces Development on Saipan

Imperial Pacific International Holdings Ltd. has announced a revised development plan for its integrated resort on Saipan. The new arrangement gives the company until August 2028 to fully finish...

Published August 7, 2017

FCLRC Loses Half Its Operators to POGO

Leisure and Resorts World Corp. has lost almost 50 percent of its online gaming companies licensed under First Cayagan Leisure and Resorts Corp. since 2016, when PAGCOR established its...

Published August 7, 2017

Macau Roosevelt Opens

Macau’s newest hotel is a five-star, “1950s Hollywood-inspired” property that deliberately leans away from the megaresort model. The 368-room Macau Roosevelt has been described as an “urban getaway retreat.”

Published August 7, 2017

Macau, Singapore Steal the Show for LVS

In Macau, the Venetian and Parisian joined with Singapore’s Marina Bay Sands to deliver 63 percent of the $3 billion Las Vegas Sands generated in second-quarter revenue. Net profit...

Published August 7, 2017

Suncity Buys into Vietnam

Hong Kong-listed Suncity Group Holdings Ltd. has announced that a subsidiary, Goal Summit Ltd., will acquire a 34 percent stake in a casino project in Vietnam. The investment: HKD600...

Published August 7, 2017

Sands China Boots Junket

Sands China has ended its partnership at the Sands Macao with Hou Wan Entertainment Ltd., a junket operator affiliated with Neptune Group Ltd. The contract will end effective August...

Published August 7, 2017

Sega Sammy Seeks Majority Stake in Japan

Sega Sammy Holdings Inc. is all in when it comes to Japan’s casino market. The slot maker will seek a majority stake in any investment partnership in the country....

Published July 31, 2017

Will Macau Recovery Be Followed by Renewed Crackdown?

Will Macau’s recovery be cut short? Some reports suggest a rise in anti-corruption activity in the second quarter of 2017 could point to another crackdown by Beijing—which conceivably could...

Published July 31, 2017

Frontier Struggles to Pay Philippine Escrow

More than a year after acquiring a casino in the Philippines’ Clark Freeport Zone, Australia-listed investor Frontier Capital Group Ltd. continues to look for enough money to pay the...

Published July 31, 2017

Singapore Cracks Down on Jackpot Clubs

Singapore’s Ministry of Home Affairs plans to implement stringent new regulations for slot machine clubs (l.) starting next April. The rules will also raise the legal gaming age from...

Published July 31, 2017

Imperial Pacific to Finish Hotel in 2018

Imperial Pacific International Holdings Ltd., which just opened its permanent casino resort on the island of Saipan, says it will finish construction of its accommodations—villas and hotel suites—in 2018.

Published July 31, 2017

Vietnam Authorizes Van Don EZ

Vietnam Prime Minister Nguyen Xuan Phuc (l.) has granted permission to Quang Ninh Province to develop the Van Don Economic Zone, complete with casinos open to local gamblers.

Published July 31, 2017

Kidnappings: Another Reason to Avoid Manila Casinos?

Law enforcement officers in the Philippines have arrested dozens of suspects reportedly linked to gangs who kidnapped wealthy tourists visiting casinos in Manila’s Entertainment City.

Published July 31, 2017

Star Vegas to Add 100 VIP Tables

Donaco International’s Star Vegas in Cambodia will add about 100 new gaming tables to its inventory over the next few months, for “a new source of incremental revenue in...

Published July 31, 2017

Nomura: Macau VIP Growth to Level Off

The uptick in VIP play at Macau’s casinos may be “unsustainable” and “too high for the government’s taste,” says Japanese brokerage Nomura. It may also be illusory, based partly...

Published July 24, 2017

UBS Buys Big Stake in Silver Heritage

The investment bank has purchased more than 39 million shares in Silver Heritage. It’s a big lift for the ASX-listed operator, which is beating the bushes for money to...

Published July 24, 2017

Goa Casino Cruise Incident Incites Critics

On July 9, the Indian Coast Guard had to rescue four crewmembers of the Lucky 7, an offshore casino that grounded on a sandbar (l.) in the Mandovi River...

Published July 24, 2017

Okada: A Japan Spoiler for Wynn?

Steve Wynn’s long legal battle with former friend and ex-Wynn Resorts vice chairman Kazuo Okada could hinder Wynn’s chances of landing a casino license in Japan, some industry pundits...

Published July 24, 2017

Cebu Casino On Again?

In 2016, Philippine agribusiness Calata Corp. planned a US$1.4 billion casino resort in Lapu-Lapu City, Cebu. It was later cancelled due to concerns about “political risks” in the country....

Published July 24, 2017

Legend Closing the Sale

Macau Legend Development says it is close to completing the sale of its Landmark Hotel (l.) in the city. MLD has said the buyer is “very serious about closing”...

Published July 24, 2017