Prognosis Good for Macau

It should be a happy new year for Macau, according to S&P Global Ratings. The agency predicts that 2017 will be year of recovery for the city’s gaming industry,...

Published December 5, 2016

With Less Cash, Could Indian Casinos Sink?

Casino boats off the coast of Goa, India are feeling the ripple effect of the recent demonetization, in which Prime Minister Narendra Modi removed larger denomination notes from circulation...

Published December 5, 2016

Australia Cracks Down on Online Credit

Online bookmakers will be prohibited from offering lines of credit to punters in Australia. A crackdown by the administration of Prime Minister Malcolm Turnbull (l.) will also include a...

Published December 5, 2016

1,316 Chinese Arrested in Philippines Raid

The Philippines Department of Justice says 1,316 Chinese nationals were arrested last month for illegally conducting online gaming at Fontana Leisure Park and Casino, run by Macau-based gaming kingpin...

Published December 5, 2016

Wynn Palace Redo Could Take 18 Months

The vast gaming floor at Wynn Resorts’ new $4.2 billion Palace resort on Macau’s Cotai Strip will be reconfigured in a process that may not be complete until mid-2018....

Published December 5, 2016

China Arrests Members of Gambling Ring

Chinese police have arrested 94 members of a gambling ring that illegally brought hundreds of players across the border to play in Laos and Myanmar. The players wagered some...

Published December 5, 2016

Vietnam Plans Betting Trials

Vietnam could announce the soft launch of a sports betting trial by the end of this year, as well as a three-year test that would allow Vietnamese locals gamble...

Published December 5, 2016

Tak Chun Opens VIP Room at Studio City

Macau junket operator the Tak Chun Group officially opened a VIP room at the Studio City Casino Macau. It includes nine high-roller gaming tables in four rooms totaling more...

Published December 5, 2016

Lippo Talking to Caesars About Incheon Exit

Hong Kong-listed developer Lippo Ltd. is still trying to complete the sale of its stake in a proposed integrated resort in Incheon, South Korea. Lippo was to have partnered...

Published December 5, 2016

Wynn Palace Goes Mass

The Wynn Palace on Macau’s Cotai Strip will redesign its gaming floor in an attempt to draw mass-market players. Initially, the $4.2 billion property was targeted at high rollers.

Published November 28, 2016

Three Crown Employees Arrested in China

They have been detained since mid-October on allegations of “gambling crimes.” Now three employees of Crown Resorts, including the VIP head, Jason O’Connor (l.), have been officially placed under...

Published November 28, 2016

Small Operators to Populate Much of Asia

Though international gaming companies in Asia get most of the attention worldwide, smaller operators will grow the industry throughout the region, say analysts including Union Gaming’s Grant Govertsen.

Published November 28, 2016

Smoke Clears for Sands, MGM Macau

Sands China Ltd. and MGM China Holdings Ltd., two United States gaming operators in Macau, have been found not guilty of breaking the city’s anti-smoking law.

Published November 28, 2016

Casino Taipa Reopens in Macau

Macau “Big Six” gaming operator SJM Holdings has reopened its Casino Taipa in the Regency Art Hotel last week for the first time in eight years. The casino has...

Published November 28, 2016

Paradise Delays Bond Issue

South Korean casino operator Paradise Co. has postponed the issuance of three-year bonds “due to increased volatility in the financial market at home and abroad,” according to a statement...

Published November 28, 2016

PhilWeb in Line for a Reprieve?

Online game developer PhilWeb Corp. may soon be back in business in the Philippines, according to reports. The eGames operator could be given the go-ahead to reopen shuttered operations...

Published November 28, 2016

Hong Kong Racing Pools Accepting UK Customers

Betfred, Coral and Ladbrokes customers now may bet on Hong Kong racing pools online and in retail betting shops. Hong Kong Jockey Club officials said future agreements will bring...

Published November 28, 2016

Hope for Japan Bill Fades

Investment bank Morgan Stanley says chances the Japanese parliament will consider a long-stalled gaming bill in the current Diet session are not realistic. The bill has been in the...

Published November 21, 2016

Okada Manila Nears Opening

Phase I of Kazuo Okada’s $2.4 billion integrated resort in Manila is set to open in December, the firm has announced. Okada Manila will eventually cover more than 100...

Published November 21, 2016

Vietnam Won’t Cut Gaming Tax

Vietnam’s draft gaming decree, which would allow residents to play in some of the country’s casinos, won’t cut the country’s high gaming tax rate, according to reports. The bill...

Published November 21, 2016