Ho Buys Singapore Plot

Shun Tak Holdings, a company founded by Stanley Ho, has acquired its first Singapore property. Ho paid S$145 million (US$105 million) for a single home; at more than 25,000...

Published May 30, 2016

S. Korea: No Imminent Lift on Locals Play

Due in part to the gaming monopoly held by Kangwon Land (l.) in South Korea, legislators may not consider lifting a ban on locals gaming throughout the land, according...

Published May 23, 2016

Macau Operators Get Mixed Grades

Macau’s casino concessionaires have been found to be in compliance with capital guidelines set forth by the government in its mid-term review of the gaming industry. Secretary for Economy...

Published May 23, 2016

Tinian Rescinds Dynasty License

By a 5-0 vote, the Tinian Casino Gaming Control Commission has cancelled the gaming license held by Hong Kong Entertainment, operator of the troubled Tinian Dynasty Hotel & Casino....

Published May 23, 2016

Indian State Could Decide this Week on Casinos

A decision on land-based casinos in Maharashtra, India could be forthcoming by the end of this month. The state’s casino act was first passed in 1976, but never notified...

Published May 23, 2016

House Loses Its Edge in Philippines

Casinos in the Philippines took their hits in 2015, with lower revenues attributable to higher expenses. Recently, with Lady Luck on the side of the gamblers, two major Philippine...

Published May 23, 2016

Indian Company Opening First Sikkim Casino

Indian company Golden Gaming International says it has secured a gaming license and soon will open the first gaming establishment in Sikkim. The 8,000-square-foot facility will provide online betting...

Published May 23, 2016

Imperial Palace under New Ownership

The operator of the Beijing Imperial Palace Hotel (l.) in Macau has transferred the title of the property to Victory Success Holdings Ltd. The transaction was made in lieu...

Published May 23, 2016

Ships Ahoy for Genting HK

Genting Hong Kong has ordered a fleet of 10 ships from the Lloyd Werft Group. The order includes two mega-cruise ships for Star Cruises and eight vessels for Crystal...

Published May 23, 2016

Vietnam May Not Be Ready For Billion-Dollar Investments

The government of Vietnam, now considering draft legislation for its long-awaited gaming industry, has slashed the minimum investment from $4 billion to $2 billion. It needs to keep cutting,...

Published May 23, 2016

Kuala Lumpur Blocks Phone Bets

Since January, the government of Kuala Lumpur has intercepted more than 12,000 telecommunications to curb ads for online betting. Police are working on the campaign with the Communications and...

Published May 23, 2016

Outlook Improving in Macau?

Macau’s gaming industry is starting to pick up according to Sanford Bernstein analysts, who predict GGR will improve month-on-month in May and hopefully trend up into the summer. Galaxy...

Published May 16, 2016

Ho Tram Project Opens Hanoi Office

The Ho Tram Project Company, developer of the $4.2 billion Grand resort in Vietnam, has opened an office in Hanoi. The office will manage sales and leasing at the...

Published May 16, 2016

Imperial Pacific’s Saipan VIP Gaming Saturated

VIP gaming operations at Imperial Pacific's temporary casino in Saipan reached saturation just six months since it opened. Officials now are waiting for the new $500 million Grand Mariana...

Published May 16, 2016

Ho, Melco to Advise Jeju Developer

A subsidiary of Lawrence Ho’s Melco International Development Ltd. will consult with the developer of a casino planned for Jeju Island in South Korea. The name of the project...

Published May 16, 2016

Goa May Ban Locals

Goa Chief Minister Laxmikant Parsekar (l.) has announced his government is close to finalizing a law that would ban locals from entering casinos, according to media reports. Goa has...

Published May 16, 2016

Crown: Melco Exit a Capital Strategy

Crown Resorts Director Helen Coonan says the company is fully committed to Melco Crown Entertainment, though it recently shed $1 billion in shares in the company, which is focused...

Published May 16, 2016

President of Philippine Bank Quits

The president of a Philippines bank implicated in an $81 million cyberheist has quit. Lorenzo Tan (l.), head of the Rizal Commercial Banking Corp., resigned although he was cleared...

Published May 16, 2016

Investors Eye Tinian Dynasty

Tinian Mayor Joey Patrick San Nicolas says the long-shuttered Tinian Dynasty Casino in the Northern Marianas, which closed last year after a typhoon, has attracted interest from several potential...

Published May 16, 2016

Six Arrested on Cheating Charges in Singapore

Six foreigners were arrested by Singapore authorities for allegedly using electronic devices to cheat slot machines at the Marina Bay Sands and Resorts World Sentosa casinos.

Published May 16, 2016