Duterte Adds Casinos to AML Laws

Philippine President Rodrigo Duterte (l.) has signed a new law that adds casinos to the list of entities subject to the Anti-Money Laundering Act of 2001. The move was...

Published July 24, 2017

Thua Thien-Hue Wants Casino

The Vietnamese province of Thua Thien-Hue wants to add a casino to the Laguna Lang Co. project and increase the investment to US$2 billion. The project now includes resorts,...

Published July 24, 2017

Gongzi Jeju Casino Opens in South Korea

Gongzi Jeju Casino on Jeju Island, South Korea, opened July 16. CEO Lysa Evans said the “expansion gaming area” makes Jeju competitive with Singapore and Macau. It includes a...

Published July 24, 2017

Macau: Customs Cash Capped at $15K

The Macau government has announced that anyone leaving or entering the territory with cash or “negotiable monetary instruments” of MOP120,000 (US$15,000) or more will have to declare it in...

Published July 24, 2017

Uber Out of Macau

Global ride-sharing company Uber did not meet with enthusiasm in Macau. Uber is leaving the territory after two years, saying it could “not secure a business environment to unlock...

Published July 24, 2017

Global Operators ‘Circling’ Vietnam

A government order opening the door to locals gaming has made Vietnam a more attractive investment proposition for global operators, says international real estate firm Jones Lang LaSalle. One...

Published July 17, 2017

Resorts World Manila Does Damage Control

After the June 2 siege that left dozens dead at Resorts World Manila, parent company Travellers International Hotel Group Inc. is working to regain public trust and rebuild its...

Published July 17, 2017

Naga2 to Open in October

Cambodian casino operator NagaCorp Ltd. is set to open its Naga2 expansion in October, says Chairman Tim McNally. The new complex is adjacent to NagaWorld (l.), the company’s flagship...

Published July 17, 2017

Morgan Stanley Projects 15 Percent Growth for Macau

Investment bank Morgan Stanley has upped its growth projections for Macau’s gaming industry based on VIP resurgence and in spite of new restrictions on ATM cash withdrawals.

Published July 17, 2017

Macau Legend to Sell Landmark

Macau Legend Development Ltd has entered into a non-binding letter of intent to sell its casino resort, the Landmark Macau (l.). The unidentified buyer will pay a refundable deposit...

Published July 17, 2017

Imperial Pacific Opens on Saipan

After several delays, on July 6 Imperial Pacific International Holdings Ltd. at last opened its deluxe Saipan resort. The eponymous Imperial Pacific Resort will offer 300 table games, 400...

Published July 10, 2017

Privatizing PAGCOR a Dilemma for Duterte

President Rodrigo Duterte (l.) wants the Philippines out of the casino business. The problem is how to pay for it. PAGCOR says privatization could cost the government more than...

Published July 10, 2017

13 Sells Subsidiary to Pay for Hotel

The 13 Holdings Ltd., which is building the 13 hotel (l.) in Macau, has announced it is selling its engineering unit to finish construction of the property on the...

Published July 10, 2017

Macau Falls Short of June Estimates

Gross gaming revenues in Macau missed analyst estimates in June, but still rose 25.9 percent year-on-year to 19.99 billion patacas (US$2.49 billion), according to data from the Gaming Inspection...

Published July 10, 2017

Criminal Charges Pending in Resorts World Manila Attack

Officials in the Philippines will file criminal charges against Resorts World Manila in the wake of a deadly attack at the casino resort last month. Resorts World’s security provider...

Published July 10, 2017

Silver Heritage Raises Funds for Nepal IR

The ASX-listed operator is wrapping up an A$18 million share sale to finance the completion of a Nepal gaming resort, Tiger Palace (l.), the company is targeting at the...

Published July 10, 2017

Okada Manila Unaffected by Probe

An investigation into alleged financial improprieties by Japanese billionaire Kazuo Okada should have no impact on operations at his company’s Okada Manila resort in the Philippines, says the government...

Published July 10, 2017

Goa Extends Offshore Casino Operations

Offshore casino vessels may operate in the Mandovi River in Goa for three more months, the state government recently announced. An alternate location to the river has been sought...

Published July 10, 2017

Jimei International Exits the Junket Business

The VIP gaming promoter founded by legendary Macau junketeer Jack Lam has changed its name and switched its focus to motion picture production. Lam is no longer with the...

Published July 10, 2017

Viet Province Considers Casino

The Vietnamese province of Ba Ria-Vung Tau is trying to drum up redevelopment interest in a 544-acre resort. One plan for the Vung Tau Paradise Resort (l.) includes a...

Published July 10, 2017