Macau Junket Operator May Pull Out

Macau junket runner Neptune Group Ltd. says a 33 percent year-on-year decline in its gaming revenues may cause it to shut down its VIP rooms at the Venetian Macao,...

Published October 5, 2015

Melco Crown Hedges Bets in Macau

Melco Crown reportedly may buy out its hedge fund partners at Studio City (l.) in Macau in order to own the resort outright. The deal with its U.S.-based investment...

Published October 5, 2015

Vietnam Leaves Billions on the Table

Vietnam’s seven foreigners-only casinos posted combined revenues of VND1.379 trillion (US$61.3 million) last year, according to newly released industry figures. Of that, the government took VND339 billion (US$15 million)....

Published October 5, 2015

Not So Golden

All that glitters was not gold as the Chinese Republic’s Golden Week holiday got under way last week. Retailers saw disappointing returns on the first day of the seven-day...

Published October 5, 2015

Cotai Ferry a Boon for Macau

The planned 2016 debut of a new ferry terminal with helipad on Macau’s Cotai Strip is being hailed as a “game changer” for the vicinity that will enable elite...

Published October 5, 2015

Up in Smoke

This time, they put it in writing: the Macau Health Bureau acknowledges a full smoking ban in the city’s casinos will cause the leading economic engine to sputter even...

Published October 5, 2015

Melco Crown Employees Earn Degrees In-House

Melco Crown Entertainment managers and supervisors who have worked for the Macau company at least five years may earn a bachelors degree in casino management in-house. Called MCE YOU-niversity,...

Published October 5, 2015

Payback Is a Bitch

Investors in Macau junket operator Dore Entertainment continue to cry foul in the aftermath of a multimillion-dollar rip-off at the company’s Wynn Macau VIP rooms. They have even taken...

Published October 5, 2015

IPIM Takes on Macau MICE

Starting in November, the Macao Trade and Investment Promotion Institute will handle promotions for the city’s meetings, incentives, conferences and exhibitions business. IPIM will take over from Macau Economic...

Published October 5, 2015

Universal Drops Employee Suit

Japanese billionaire Kazuo Okada (l.) and his Universal Entertainment Corp. will not pursue damages against former employees who accused the firm of bribing Philippine officials for a casino license.

Published September 28, 2015

Gradual ‘Ramp-up’ for Tigre De Cristal

Lawrence Ho’s Tigre de Cristal (l.) near Vladivostok in the Russian Far East will undergo a three-month to six-month “ramp-up” period before it is fully operational, the company has...

Published September 28, 2015

Heng Sheng VIP Opens in Cambodia

Junket runner the Heng Sheng Group has opened its VIP club at the Star Vegas Resort and Club casino (l.) in Poipet, Cambodia. Heng Sheng inked a three-year deal...

Published September 28, 2015

Great Leap Forward for Landing

Developer Landing International of Mainland China says its acquisition of a South Korean casino will “establish its own branding and presence in the gaming industry worldwide.”

Published September 28, 2015

Resorts World Building Singapore Mass Market

Brokerage Sanford C. Bernstein says Genting Singapore, operator of Resorts World Sentosa, is well-positioned to grow its mass-market segment due to a “more diverse” mix of amenities.

Published September 28, 2015

Halex Shares Up on Cambodia Casino News

Shares of Halex Holdings rose on news that the agrochemicals company is planning to invest in a Cambodian casino. A subsidiary of the company has signed an MOU for...

Published September 28, 2015

Galaxy Macau Debuts Poker Room

Pavilion Poker at Galaxy Macau (l.) opened September 17 on the site of a former baccarat room. Galaxy execs say it will attract a mix of players including mass-market.

Published September 28, 2015

Opening Day Set For Vladivostok Casino

The first resort in Russia’s Far East is slated for an early October debut. Tigre de Cristal Casino & Resort, located near Vladivostok and backed by Macau’s Lawrence Ho,...

Published September 21, 2015

Tinian Dynasty: Open or Closed?

Conflicting reports have come out of the Northern Marianas Islands, where the Tinian Dynasty Casino closed, reportedly due to a typhoon, low revenues, and/or a slow licensing process. What’s...

Published September 21, 2015

Okada Plays For More Time In Manila

The $2 billion Manila Bay Resorts controlled by Kazuo Okada (l.) has been granted an extension to the end of 2016 to get the doors open. But Philippine regulators...

Published September 21, 2015

Macau Takes a Bath

Gaming revenues in Macau fell for the 15th consecutive month in August, a month when numbers usually spike. The numbers fell 35.5 percent year-on-year. Junket volume dropped 54 percent....

Published September 21, 2015