Wynn on Macau: ‘Business Is Good’

Wynn Palace and Wynn Macau have posted US$293 million in property EBITDA for the first quarter of 2017, 16 percent above analyst expectations. Steve Wynn (l.) credits the end...

Published May 1, 2017

Paradise City Opens in South Korea

Paradise City casino resort in Incheon, South Korea has opened its doors. Phase I of the 339,000-square-meter (3.6 million-square-foot) property near Incheon International Airport cost 1.3 trillion won (US$1.14...

Published May 1, 2017

Belle, Melco Differ on CoD Expansion

Belle Corp., a local partner in the City of Dreams Manila resort in the Philippines capital, has reiterated its intention to expand the resort and also develop a new...

Published May 1, 2017

Lam Unloads Jimei Stock

Macau junket runner Jack Lam Yin Lok (l.) has sold a 65.05 percent stake in Jimei International Entertainment Group Ltd., unloading his full share of the Hong Kong-listed junket...

Published May 1, 2017

Quezon City to Break Ground in 2018

Philippines gaming company Bloomberry Resorts Corp. will begin development of a hotel casino project in Quezon City in early 2018. The complex must wait until “informal settlers” are relocated....

Published May 1, 2017

Taiwan Lawmakers Seek to Halt Referendums

Four lawmakers from Taiwan’s ruling Democratic Progressive Party have proposed the elimination of an article in the country’s Offshore Islands Development Act that permits local referendums on casino gaming....

Published April 24, 2017

Landing’s Jeju Project to Open This Week

Landing International Development Ltd. is planning to open Phase I of its Jeju Shinhwa World resort complex (l.) in Jeju, South Korea on April 25. The facility eventually will...

Published April 24, 2017

Saipan Workers Demand Payment

Dozens of construction workers hired to work on the Imperial Pacific resort on the island of Saipan took to the streets April 14 demanding to back wages. Their employer...

Published April 24, 2017

Casino Resort Planned for Bavet City

A US$200 million mixed gaming development is planned for a 50-hectare (124-acre) site in Bavet City, Cambodia. The so-called Empire World City is a project of a company identified...

Published April 24, 2017

Paradise City Eyes Non-Chinese Visitors

Paradise Co. Ltd., the operator of a new foreigners-only casino in Incheon, South Korea, is working with its Japanese partner to draw non-Chinese patrons to the property, which opened...

Published April 24, 2017

WeChat Aids Illegal Bettors

Police in Macau have arrested seven Mainland Chinese residents for alleged illegal betting worth US$1.3 million, some of it accomplished through texts transmitted on the social messaging service WeChat....

Published April 24, 2017

Goa to Ban Local Gamblers

Chief Minister Manohar Parrikar (l.) of Goa, who has never made peace with the local casino industry, has announced it will ban entry to the gaming halls by residents...

Published April 24, 2017

Chinese Tourists Still the Biggest Spenders

Chinese tourists spent $261 billion on travel in 2016, making them the world’s biggest-spending tourists. That amount was 12 percent higher than in 2015, and more than twice the...

Published April 24, 2017

Melco Could Take Gaming Unit Private

Melco International Development Ltd., controlled by Lawrence Ho, may buy up Nasdaq-listed Entertainment Gaming Asia Inc. and take it private. Melco controls almost 65 percent of the gaming company.

Published April 24, 2017

Delta Stocks Down on Merger Talk

Shares of Delta Corp., India’s only listed casino group, recently dropped 17 percent on speculation that the Indian government will merge the coastal union territory of Daman with neighboring...

Published April 24, 2017

Japan Urged to Develop Multiple Casinos in Osaka

A new report by Global Market Advisors has urged Japanese legislators to allow multiple integrated resorts on the Yumeshima Island (l.) in Osaka. In a proposed draft of the...

Published April 17, 2017

Kinmen Plans October Casino Vote

Voters in Kinmen County, Taiwan, are expected to go to the polls in October to vote on casino gaming on the coastal island. The measure will pass if 50...

Published April 17, 2017

Silver Heritage to Complete Funding

Asian casino operator Silver Heritage Group Ltd. is weeks away from completing the funding for its new casino resort in Nepal. The budget for the Tiger Palace Resort Bhairahawa...

Published April 17, 2017

Malaysia Adds Hotel Tax

Malaysia’s new tax on hotel stays could be a negative for operators like Genting Malaysia Bhd., according to analysts. But the government could reap up to MYR654 million (US$147.3...

Published April 17, 2017

More Hotels, a Better Macau

Sands China executive Ruth Boston says the more, the merrier when it comes to hotel rooms in Macau. Boston made the comments as Sands Cotai Central (l.) marked its...

Published April 17, 2017