Experts Tout Casinos for Korea’s Busan

Busan’s potential as a gaming hotspot took center stage at a recent gathering of tourism and economic development experts in the booming South Korean port city (l.). The meeting...

Published July 11, 2016

Macau Legend Eyes Portugal

The Macau casino operator global growth strategy has turned toward Portugal in the form of plans for a $200 million-plus non-gaming resort near Lisbon. Cape Verde and Laos also...

Published July 11, 2016

MSAR Seesaw

In Macau, a modest loss can be seen as a real gain. In June, gaming revenue in the Chinese gaming hub fell less than analysts predicted. That’s cause for...

Published July 11, 2016

Saipan Casino Racks Up $1.7 Billion in June

The Best Sunshine Live temporary casino (l.) in Garapan, Saipan generated $1.65 billion (HK$12.8 billion) in rolling chip volume for the month of June, reports parent company Imperial Pacific...

Published July 11, 2016

Soccer Finals Spike Chinese Online Gambling

The Chinese government last week was cracking down on illegal gambling conducted using social media and phone transfers of money as fans of soccer bet furiously over the outcomes...

Published July 11, 2016

Sands China Amends Loan Agreement

Sands China has announced that its subsidiary VML US Finance LLC has agreed with lenders to amend a $1 billion loan agreement, extending the maturity of term loans to...

Published July 11, 2016

Taiwan Moving Forward

The legalization of gaming on the outer island of Taiwan was approved in 2009 but progress has been slow ever since. But a second referendum on Penghu is slated...

Published July 4, 2016

Third Time’s Charm for Wynn Palace

Wynn Resorts Ltd. says its $4.2 billion casino hotel on Macau’s Cotai Strip may finally be on course to open in late August. The glitzy Wynn Palace, twice delayed,...

Published July 4, 2016

Manila Up in April

April looks like a winner for Manila’s Entertainment City casino zone (l.). According to preliminary data, the jurisdiction saw a dramatic upturn in year-on-year aggregate gross gaming revenue, with...

Published July 4, 2016

Genting on the Upswing

Genting Malaysia Berhad, operator of Resorts World Genting (l.), the only casino in Malaysia, is unlikely to feel the pinch of oversupply in the surrounding market, according to a...

Published July 4, 2016

Saipan Going Strong

Best Sunshine in Saipan will pay at least $33.6 million in taxes on VIP gaming in the coming fiscal year, according to the Commonwealth Casino Commission. It’s the sole...

Published July 4, 2016

Iao Kun to Buy Jeju Sun

Bloomberry Resorts Corp. has announced it is planning to sell off its majority share in the company that runs Jeju Sun Hotel & Casino on Jeju Island. The buyer...

Published July 4, 2016

Ho: PR ‘Not Rocket Science’

Melco Crown Entertainment CEO Lawrence Ho (l.) is blaming bad marketing for the slow start of the company’s newest property in Macau, the Hollywood-themed Studio City on Cotai.

Published July 4, 2016

A Very Good Year in S. Korea

Gaming taxes from casinos in South Korea rose 4 percent in 2015, a rare bright spot in the struggling Asian gaming sector. Region-wide, the trend has been down.

Published July 4, 2016

Melco Crown: About-Face on Studio City VIPs?

Melco Crown Entertainment, which at first eschewed VIP gaming at its new Studio City property (l.) on Macau’s Cotai Strip, is now reportedly weighing the benefits of junket operations.

Published June 27, 2016

Singapore Slowdown

Like its neighbor Macau, Singapore is shifting its focus to mass-market gamblers to boost a slowing casino industry. The decline forced Resorts World Sentosa (l.) to recently lay off...

Published June 27, 2016

Bloomberry May Sell Jeju Sun

Bloomberry Resorts Corp. may sell off its resort complex Jeju Sun (l.), on Jeju Island in South Korea, due to underperformance for the market. Bloomberry acquired a majority stake...

Published June 27, 2016

Silver Heritage Plans IPO

Hong Kong-based gaming operator Silver Heritage Ltd. hopes to raise nearly AUD30 million (US$22.3 million) through an initial public offering, according to unconfirmed reports.

Published June 27, 2016

Goans Oppose Floating Casino

Villagers in Britona, Goa have demanded that the government remove a floating casino hotel from the River Mandovi. The outcry is supported by local clergy who say the community...

Published June 27, 2016

Success Dragon Withdraws from Vietnam

Hong Kong-listed Success Dragon International Holdings has cancelled its plan to acquire 45 percent of One Opera Danang Hotel (l.), a luxury hotel in Vietnam. The company had planned...

Published June 27, 2016