Best Sunshine Seeks Financing for Saipan Casino

Best Sunshine International, a subsidiary of Hong Kong-based Imperial Pacific, is seeking $550 million to fund what it claims will be the largest private infrastructure development project ever on...

Published May 9, 2016

Philrem Execs Charged in Philippines Money Laundering Case

The Philippines’ Anti-Money Laundering Council has lodged a complaint against three top officers of Philrem Service Corp. for their alleged involvement in a recent money laundering case. An estimated...

Published May 9, 2016

No Imminent Recovery in Macau

First-quarter revenues were down more than 13 percent year-on-year in the world’s premier gaming destination, but Union Gaming analyst Grant Govertsen (l.) was heartened by the third consecutive quarter,...

Published May 2, 2016

Philippines’ Ocier: Limit Casinos to Manila

With the threat of oversupply in the Philippines gaming market, one gaming operator is asking the government to limit gaming to the Entertainment City complex in Manila. Belle Corp....

Published May 2, 2016

IP Names U.S. Pols to Advisory Committee

In its quest for “sound strategic and tactical advice,” Hong Kong-listed Imperial Pacific International Holdings Ltd. has named two well-known U.S. political figures, including former New York Governor David...

Published May 2, 2016

LV Sands Consider Sale of Marina Bay Sands

During the quarterly earnings call, Las Vegas Sands Chairman and CEO Sheldon Adelson said his company is considering the sale of Singapore’s Marina Bay Sands, as the period preventing...

Published April 25, 2016

Macau Trudges Toward 2nd Anniversary of Recession

The recession that began in June 2014 in Macau has staying power; though the casino industry has improved slightly, the pace of recovery has been glacial. Deutsche Bank put...

Published April 25, 2016

Philippine Central Bank Will Punish Lawbreakers

Deputy Governor Nestor Espenilla (l.), the head of the central bank of the Philippines, has vowed to punish any financial institution found to have broken the law in a...

Published April 25, 2016

Tinian Dynasty to Open at Last?

Tinian Mayor Joey Patrick San Nicolas says the long-shuttered Tinian Dynasty Casino in the Northern Marianas could reopen for business during a fiesta celebration at the end of the...

Published April 25, 2016

Goa Chief Minister Criticized for ‘Insensitive’ Remarks

Goa Chief Minister Laxmikant Parsekar (l.) said attempts to relocate offshore casino ships from India’s Mandovi River is like being forced to marry a pregnant woman and take care...

Published April 25, 2016

NagaCorp Slower, But Still Strong

NagaCorp Ltd., operator of the NagaWorld casino resort (l.) in Phnom Penh, Cambodia, posted robust revenue growth for the first quarter, and will continue to hold strong for the...

Published April 25, 2016

Parole Now Impossible in Corruption Cases

Chinese officials convicted of corruption may now face life imprisonment without parole, according to the Supreme People’s Court. In the past, death sentences could be commuted to life for...

Published April 25, 2016

Lawrence Ho Holds the Reins at Tigre de Cristal

Lawrence Ho (l.), casino magnate, CEO and chairman of Melco Entertainment, and son of industry legend Stanley Ho, now has a majority of directors on the board of Oriental...

Published April 25, 2016

Maharashtra Considers Casino Act

Last week the government of Maharashtra, India was set to meet for a discussion of the state’s long-dormant casino act, first passed in 1976, but never notified or enacted....

Published April 25, 2016

Oversupply on Cotai

The pending openings of three more casino resorts on Macau’s Cotai Strip this year, including Sands China’s Parisian Macao (l.), will lead to oversupply and cannibalization of existing business,...

Published April 18, 2016

Genting HK Introduces Shenzhen Cruises

Genting Hong Kong, which operates casino cruises under the Star Cruises brand, has signed an agreement with China Merchants Shekou Holdings to develop an international cruise ship port in...

Published April 18, 2016

$4 Billion Vietnamese Casino to Break Ground April 23

The first phase of a $4 billion integrated casino resort in South Hoi An, Vietnam will begin construction this week. The property is a joint venture of Vietnamese asset...

Published April 18, 2016

Calls Increase for Tighter Philippine AML Laws

The high profile money-laundering case that saw $81 million in funds disappear from a Bangladeshi bank and resurface in the Philippines has the World Bank joining the call to...

Published April 18, 2016

Maharashtra, Nagaland Move on Casino Legislation

The Indian state of Maharashtra is reportedly willing to review the long-dormant Casinos Control & Tax Act, which was enacted in 1976 but never implemented. Nagaland has taken the...

Published April 18, 2016

CSCEC To Build South Korea Casino

One of the world's largest construction firms, China State Construction Engineering Corporation, has been selected by Lotte Tour and Chinese real estate firm Greenland Group to build a $600...

Published April 18, 2016