Junkets Pledge Greater Oversight

The Macau government may help the city’s junket operators get a public makeover. Officials will soon meet the junket runners to discuss better accounting standards. The move comes in...

Published October 26, 2015

Golden Week Boost Didn’t Last

Despite a brief rally during the annual Golden Week holiday, Macau’s casino revenues for the month of October have not been game-changing. VIP liquidity continues to be weak and...

Published October 26, 2015

Travellers Plans Manila Upgrade

Travellers International Hotel Group Inc. is putting money aside from an IPO to fund the multimillion-dollar expansion of its Resorts World Manila (l.) property. It has already banked about...

Published October 26, 2015

GHK Acquires Zouk

Genting Hong Kong has acquired the Zouk Singapore brand for an undisclosed sum. The brand includes the Zouk Club in Clarke Quay, Singapore and the annual ZoukOut music fest.

Published October 26, 2015

S. Koreans Arrested for Gambling

South Korean prosecutors have indicted the founder of a cosmetics firm for gambling in jurisdictions outside his homeland. Jeong Un-ho and others known to gamble in Macau and elsewhere...

Published October 26, 2015

Studio City to Get More Tables?

As Studio City’s opening nears, Macau is speculating on the number of tables that will be allotted for the resort. Galaxy Entertainment won permission to add just 150 new-to-market...

Published October 19, 2015

Macau Rescue Plan: The Big Reveal

Macau’s Secretary for Social Affairs and Culture, Alexis Tam Chong Weng (l.) says he will unveil the local government’s plan to help the territory and its chief industry, gaming,...

Published October 19, 2015

Typhoon Knocks Wind out of Golden Week

Typhoon Mujigae discouraged some Mainland Chinese tourists from streaming into Macau during the annual Golden Week celebration. Mujigae made landfall Sunday, October 4, halfway through the national holiday.

Published October 19, 2015

Morgan Stanley Rethinks Philippines

Analysts at Morgan Stanley analysts have revised their GGR forecast for the Philippines for 2016. The new number for the market is $1.6 billion versus the prior estimate of...

Published October 19, 2015

Bombay Seeks Action on Decades-Old Law

The Bombay High Court has asked the Maharashtra government and Chief Minister Devendra Fadnavis (l.) to implement or trash a 40-year-old law that legalized casinos in the state. A...

Published October 19, 2015

U.S. Congress Seeks ‘Democratic Reforms’ in Macau

A U.S. congressional commission has called for “increased support for democratic reforms in Macau,” particularly human rights reforms. The MSAR responded that the U.S. is “ignoring facts” and has...

Published October 19, 2015

Macau, HK Plan Free-Trade Agreement

Macau and Hong Kong will soon collaborate on a free-trade agreement that will “establish a new, common platform to advance further liberalization and facilitation of trade and investment in...

Published October 19, 2015

China Claims Koreans Poach Gamblers

Chinese officials arrested 13 representatives of several casinos located on South Korea’s Jeju Island and accuses them of illegally advertising and luring Chinese gamblers to the offshore casinos. Chinese...

Published October 19, 2015

New Deal for Jeju

South Korea’s Jeju Island may be getting a massive foreigners-only casino. Lotte Tour Development Co. announced the proposed Dream Tower (l.) integrated resort project, to be developed by a...

Published October 12, 2015

Razon Confident about Manila

Despite a 61 percent decline in Bloomberry Resorts stock, Enrique Razon (l.), the billionaire behind the Philippine casino operator, says he is confident the company and the industry will...

Published October 12, 2015

Cambodia Adds 10 Casino Licenses

The Cambodian government has granted licenses for 10 new casinos, for a grant total of 75 nationwide. The new additions are concentrated in the coastal holiday resort of Sihanoukville...

Published October 12, 2015

South Korea Still a Deal for Travelers

As a tourism destination, Korea faces competition from other Asian countries, especially Japan, says a research group. But price comparisons come down in the Koreans’ favor.

Published October 12, 2015

Vietnam Game Study Update

The Vietnamese government is seriously considering allowing citizens to gamble in the country’s casinos. The proposal is now under review by the Institute of Regional Sustainable Development.

Published October 12, 2015

Cambodia Becomes Haven for Money Laundering

The agency in Cambodia charged with combating money laundering says its lacks the funding and manpower to do the job. The country has become a haven for laundering cash...

Published October 12, 2015

China Cash Crunch

China’s State Administration for Foreign Exchange has introduced new limits on UnionPay cash withdrawals by cardholders outside China. The move is further indication the Mainland government is concerned about...

Published October 5, 2015