Japan Still Biggest Untapped Market

PricewaterhouseCoopers partner Mark Jordan says Japan is still the most coveted untapped gaming market in the world. Its population of almost 127 million people and Asia’s avid gaming culture...

Published February 8, 2016

Resorts World Re-Ups in Singapore

Singapore’s Casino Regulatory Authority has renewed the casino license of Genting Singapore Plc, operator of Resorts World Sentosa. The new three-year term began February 6.

Published February 8, 2016

NagaCorp Can’t Lose

Cambodia-based casino operator NagaCorp has announced a 26 jump in gross gaming revenue for 2015. According to a recent filing to the Hong Kong Stock Exchange, the operator of...

Published February 8, 2016

PAGCOR Opens up Philippine Gaming Market

The Philippine government, which may open up the casino market beyond Manila, will require a minimum investment of $300 million for new ventures. PAGCOR Chairman Cristino Naguiat says he...

Published February 8, 2016

Macau’s Alter City Enters Tinian

Macau-based Alter City Group has applied for a casino license in the Northern Marianas Islands. Tinian is home of the shuttered Tinian Dynasty resort, which closed last September after...

Published February 8, 2016

Macau Takes Another Hit

Gaming revenues in Macau dropped 21.4 per cent in January—the 20th consecutive month of decline in the Chinese territory. The numbers were in line with the forecasts: analysts predicted...

Published February 8, 2016

Wynn Macau Supports Local Business

Wynn Macau is planning to work with Macau’s Chamber of Commerce to develop a “procurement partnership program” that supports local small and medium businesses in the territory.

Published February 8, 2016

Asia Spurs Global Illegal Betting

The Philippines are the top location in Asia for illegal betting, and illegal betting operators in Asia account for most of the world’s illegal betting activity and fixing of...

Published February 8, 2016

SJM Seeks US$3.2 Billion Loan

Macau casino concessionaire SJM Holdings, founded by gaming legend Stanley Ho, is negotiating a US$3.2 billion (HK$25 billion) loan to complete its planned Lisboa Palace resort on the Cotai...

Published February 8, 2016

Re-election of Vietnamese PM Not Good News For Gaming

Vietnam’s General Secretary Nguyen Phu Trong (l.) was re-elected last week, casting a pale on the gaming industry, which hoped that pro-gaming Prime Minister Nguyen Tan Dung would ascent...

Published February 1, 2016

Macau Expects Slight Upturn

CLSA says 2016 will be a better year in Macau—marginally. The brokerage firm predicts 1 percent growth year-on-year, and a positive response to new projects on the Cotai Strip...

Published February 1, 2016

Crunch Time on Cotai for Wynn Macau

The new Wynn Palace on Macau’s Cotai Strip is facing possible delays, open 90 days later than originally planned, June 25 instead of March 25. The builder lost out...

Published February 1, 2016

CNMI Audits Best Sunshine

Casino commissioners in the Marianas Island have vetted and approved the financial records of Imperial Pacific, operator of Best Sunshine International. The firm has been deemed financially capable of...

Published February 1, 2016

MGM China OK’d for Loan Amendment

MGM China Holdings Ltd. has received approval from its lenders to amend the terms of a HK$23.4 billion (US$3 billion) loan. The more relaxed terms will help the unit...

Published February 1, 2016

U.S. Court Tosses Tinian Bankruptcy

Last month, a bankruptcy petition filed by Hong Kong Entertainment Investments Ltd., owner of the Tinian Dynasty Hotel & Casino, was dismissed by a U.S. Bankruptcy Court judge.

Published February 1, 2016

Taiwan’s Tsai Doesn’t Bode Well for Gaming

Taiwan’s new president, Tsai Ing-Wen (l.), could put a damper on prospects to bring gaming to the territory. In 2009, the anti-gaming lawmaker urged peers in the Democratic Progressive...

Published January 25, 2016

China Promises Tougher Anti-Corruption Measures

Chinese legislators have pledged to continue and even strengthen the anti-corruption campaign called for by President Xi Jinping (l.). Fallout from the crackdown has led to an 18-month decline...

Published January 25, 2016

RW Manila Spends Out

Almost 90 percent of IPO capital and other funds earmarked for Phase II of Resorts World Manila have been invested. Phase II of the property will include a convention...

Published January 25, 2016

Many Changes Needed for Vietnam Casinos

Vietnam will not get its national casino industry off the ground without decreasing the minimum investment and ideally allowing locals to play. The country is expected to license three...

Published January 25, 2016

Genting Singapore to Rally in ’16

Japanese brokerage firm Nomura predicts Genting Singapore Plc, which operates Resorts World Sentosa (l.), will see a “somewhat better” 2016. Its stock price dropped 29 percent in 2015, and...

Published January 25, 2016