The Macau government will not waive a 5 percent tax on commissions paid by casinos to junkets. An industry trade group had appealed for relief, saying junkets in the...
Gaming operators in Macau will be fined if they run afoul of a proposed new amendment to the gaming law. If passed, the law would prohibit management and sub-concessionaires...
With mass gaming on a roll in Macau, Morgan Stanley analysts are projecting the segment could almost equal revenues for 2019. April numbers were “circa 100 percent” of pre-pandemic...
PH Resorts Group, a unit of Philippines business conglomerate Udenna Group, is hoping investors will enable it to resume construction on a stalled integrated resort in Cebu.
Mohegan Gaming’s long-awaited South Korean resort, Inspire, is set to open in late 2023, according to the U.S.-based tribal gaming enterprise. Inspire will include a foreigners-only casino.
Macau casinos posted brisk gaming revenues for April, up 450 percent year on year and more than 15 percent from the previous month. Tourism was healthy for the Labor...
Visitation continues to climb in Macau, which reopened its borders in January. For March, arrivals increased 271.4 percent year-on-year and 22.8 percent over February.
Macau lawmakers have proposed a new amendment to the city’s recently revised gaming law. It would prohibit management companies from extending credit to gamblers.
On April 21, Macau junket kingpin Levo Chan (l.) was sentenced to 14 years behind bars for illegal gaming, fraud, money laundering and other crimes. In January, his rival,...
Maybank Securities suggests there may be a few bidders for casinos owned by the Philippine Gaming and Amusement Corp. They include operators in Clark, Philippines as well as the...
A casino complex in South Korea’s Incheon Free Economic Zone won’t debut its first phase of development until March 2024, a year after the originally scheduled opening.
A gaming website puts Singapore at the top of its list of jurisdictions with the toughest penalties for illegal gambling. A person convicted of gambling crimes there can face...
As part of its campaign to bring in more international tourists, Macau’s six casino concessionaires have opened a total of 12 new gaming zones reserved just for foreigners.
Mass-market baccarat has become the chief contributor to Macau’s casino industry, adding $2.54 billion in gross gaming revenues for the first quarter, or 59 percent of the total.
The Japanese government has given a thumbs-up to a plan to build an integrated resort on Yumeshima Island in Osaka Bay. But that’s just the first step in a...
J.P. Morgan analysts have upped their projections for Macau’s gaming industry, forecasting $407 in gross gaming revenue for the first three months of 2023, and noting a strong start...
Japanese lawmakers have approved plans for the country’s first casino, an integrated resort to be built on Yumeshima Island in Osaka Bay. The IR will be developed by a...
Macau’s Studio City has launched the first of its Phase 2 amenities, opening a new indoor water park and hotel tower. An outdoor water park will debut later this...
Macau gaming concessionaire MGM China and its majority shareholder, MGM Resorts International, plan to open more international marketing offices to promote the Chinese gaming hub as a travel destination.