Indian Casino Operator Profits Jump 45 percent

The only company that operates casinos in India, Delta Corporation Ltd., saw its third quarter income shot up 45.8 percent over 2017. Its profits for the third quarter were...

Published November 7, 2016

Grand Korea Up, But Could Miss Targets

Gaming operator Grand Korea Leisure is at risk of missing its revenue goals for 2016, according to a Daiwa Securities analyst. Thomas Kwon attributes the possible shortfall to slower...

Published November 7, 2016

Genting Dream Sets Sail From China

Genting Hong Kong Ltd.'s Genting Dream (l.) will make its maiden voyage from Guangzhou, China on November 13. The Genting Group subsidiary plans to offer a three-brand cruise portfolio...

Published November 7, 2016

Japan Casino Bill ‘100 Percent Happening’

Japanese lawmakers seem poised to finally consider a long-stalled casino bill. If it goes through, the legislation could turn Japan into the next big international gaming destination, according to...

Published October 31, 2016

Vietnam to Allow Locals to Gamble in Select IRs

In a test to see how locals would respond and be affected by casino gambling, the Vietnamese government is on the verge of allowing its citizens to gamble in...

Published October 31, 2016

February Opening Set for New Nepal Casino

Silver Heritage expects its third casino in the mountain nation to be its most successful yet in targeting the massive Indian market. Tiger Palace, as the new resort is...

Published October 31, 2016

Ex-PAGCOR Officials Accused of ‘Plunder’

An anti-corruption group in the Philippines has filed a complaint with the Department of Justice alleging that former officials of the Philippine Amusement and Gaming Corp. (PAGCOR), including former...

Published October 31, 2016

In Macau, Cautious Optimism

Gaming revenues are finally in the plus column in Macau, which just saw two months of modest revenue increases following 26 consecutive months of year-on-year declines. The increase coincides...

Published October 31, 2016

Cambodia to Increase Gaming Tax

The Cambodian government may increase its gaming tax from an effective rate of 2 percent to as much as 5 percent, according to reports. NagaCorp. Chairman Tim McNally (l.)...

Published October 31, 2016

Tigre Pays $8M in Taxes

Lawrence Ho’s Russian venture continues to pay off. Tigre de Cristal near Vladivostok, operated by Ho’s Summit Ascent Holdings has reportedly yielded nearly RUB 500 million ($8 million) in...

Published October 31, 2016

Fortunes Fall for S. Korea Casinos

Paradise Co. Ltd. and Grand Korea Leisure Co., which run foreigners-only casinos in South Korea, have seen share values drop 5 percent and almost 7 percent respectively. A drop...

Published October 31, 2016

MGM China Stake a Smart Move

MGM Resorts International, which now owns a controlling 56 percent of MGM China Holdings, could be making the right move at the right time, according to a recent report....

Published October 31, 2016

AAP Survey on Goa Casinos

India’s Aam Aadmi Party has accused the country’s congress and the majority Bharatiya Janata Party of bringing too many casinos to the state of Goa. The AAP is polling...

Published October 31, 2016

Genting Highlands: No New Gaming Space

A 10-year master plan to expand Genting Highlands (l.) in the mountains of Malaysia does not include an expansion of the casino floor, says Chairman and CEO Lim Kok...

Published October 31, 2016

Mass Wins in Macau

The “grind mass” customer is becoming more important to Macau casino operators. GGR in the mass-market segment rose 3.9 percent in the third quarter over the same period in...

Published October 24, 2016

Taiwan Gaming Takes Hit With Penghu Rejection

For the second time, Taiwanese residents in Penghu have overwhelmingly rejected a plan to bring casino development to the island. A referendum to allow gaming was opposed by the...

Published October 24, 2016

Philippine Gaming to Benefit from Beijing Alliance

The warming relationship between the governments of Beijing and Manila could spell big gains for the Philippine gaming industry, say pundits. Philippine President Rodrigo Duterte (l.) last week embraced...

Published October 24, 2016

Saipan Commissioners Vet Junkets

Saipan Island’s Commonwealth Casino Commission is weighing the applications of junket operators who want to bring VIP players to the Best Sunshine and Imperial Pacific gaming halls. Casino Commission...

Published October 24, 2016

Cambodian Casino Taxes Up 36 Percent

Cambodia’s casinos generated US$37.4 million in taxes for the first nine months of 2016, up more than 35 percent for the first three quarters of 2015. The taxman took...

Published October 24, 2016

PhilWeb Applies for License Renewal

Philippines-listed Philweb Corp. has applied for a renewal of its license to operate internet cafes in the country. Earlier this year, the state regulator declined to renew the license...

Published October 24, 2016