Macau Still Banking on VIPs

There’s been much talk about the emerging importance of mass-market gamblers in Macau. But new resorts on the Cotai Strip are still betting on high rollers to sustain operations.

Published August 1, 2016

Greek Mythology Could Reopen

A temporary closure of the Beijing Imperial Palace Hotel (l.) will not force the Greek Mythology Casino to also close, according to reports. The casino, which operates under the...

Published August 1, 2016

Parisian Boosts Sands’ Outlook

Las Vegas Sands in June reported its first revenue gain in Macau in two years. The improved revenue situation comes as Las Vegas Sands is scheduled to open its...

Published August 1, 2016

Kerala, India May Legalize Poker

The Indian state of Kerala may redefine poker as a skill-based game and thereby make it legal. The game is currently banned because the government prohibits games of chance....

Published August 1, 2016

No New Casinos in Sri Lanka, PM Says

Any chance that Sri Lanka’s 18-month-old government would soften its opposition to new casinos was laid to rest by Prime Minister Ranil Wickremesinghe (l.). Speaking at a recent business...

Published August 1, 2016

Macau: Get Along, Little Doggies

Macau gaming regulators say the city’s Canidrome dog racing track (l.) must relocate within two years or close down altogether. Gross gaming revenue from greyhound racing dropped 13.8 percent...

Published August 1, 2016

Casino Coming to Seoul?

A recent trip to Singapore by Seoul Mayor Park Won-soon (l.) has observers speculating that he wants to get into the gaming business. The mayor spent a lot of...

Published July 25, 2016

IP Ordered to Cut Saipan Foreign Staff

Casino operator Imperial Pacific International Holdings Ltd., owner of the sole casino on the Pacific island of Saipan, has been ordered by the government to lay off hundreds of...

Published July 25, 2016

Travellers Spends IPO in Manila

Travellers International Hotel Group Inc., which raised PHP7.03 billion (US$150 million) in an initial public offering for an expansion of Resorts World Manila, has invested that money, the company...

Published July 25, 2016

PAGCOR Deep in Debt

Philippine auditors say the country’s gaming regulator, PAGCOR, owes the government PHP15.4 billion (US$325.5 million) due to under-payments from 2011 to 2015. PAGCOR stands by its books. Meanwhile, PhilWeb,...

Published July 18, 2016

Goa Boats: Going, Going, Gone?

Five controversial casinos boats on India’s Mandovi River off Goa could finally have a new permanent home. A private investor reportedly has offered to establish a “special offshore casino...

Published July 18, 2016

Saipan Considers Gaming Tax

Though Imperial Pacific International has not yet opened its permanent casino on the island of Saipan, lawmakers are already considering a 10 percent tax hike on revenues. Best Sunshine...

Published July 18, 2016

Hilton Saigon A Done Deal

Vietnamese developer Saigon Cuu Long Corp., which is building a hotel in Ho Chi Minh City, has cut a deal with Hilton Worldwide Holdings Inc. for management of the...

Published July 18, 2016

Mumbai a Billion-Dollar Market?

Recent research says the Indian state of Maharashtra, which includes the city of Mumbai (l.), could generate a gaming industry worth nearly US$1.09 billion in annual gaming revenue by...

Published July 18, 2016

More Ups and Downs for Macau

The second quarter of 2016 was not a winner for Macau. VIP revenues fell 20 percent year-on-year, partly due to a recent ban on proxy betting by high rollers....

Published July 18, 2016

Genting Hit by Brexit

Genting Malaysia Bhd. is feeling the pain of the UK Brexit vote. Companies with exposure in the seesawing market could face “slower business volumes and a weaker pound-to-ringgit translation,”...

Published July 18, 2016

NorthKoreaCasino.com?

Any North Korean caught gambling online inside the country could face the death penalty. Yet reports indicate that the government of dictator Kim Jong-un (l.) may be profiting from...

Published July 18, 2016

EGA to Sell Off NagaWorld EGMs

Nasdaq-listed Entertainment Gaming Asia Inc. has announced it will sell all 670 of its electronic gaming machine seats at NagaWorld Casino to a third-party buyer in Cambodia. The asking...

Published July 18, 2016

Galaxy Macau: Phases III, IV in the Works

Despite Macau’s ongoing recession, now in its third year, Galaxy Entertainment Group is forging ahead with plans to develop its Phase III and IV projects, according to Vice Chairman...

Published July 18, 2016

Is Vietnam on the Brink?

The Vietnamese government has received the final draft of a casino bill that could lift the ban on nationals gambling in the country’s casinos. If it passes, it could...

Published July 11, 2016