Okada Secures Manila Financing

Japanese billionaire Kazuo Okada (l.) will put at least $2 billion in Phase I of his integrated Manila Bay Resorts casino and entertainment complex. Okada will invest money from...

Published August 10, 2015

Is Macau Stabilizing?

The decline continues in Macau, where year-on-year gross gaming revenue for July fell 34.5 percent to MOP18.62 billion (US$2.33 billion). It’s the 14th consecutive month of an historic slump...

Published August 10, 2015

Genting Exits S. Korea

The Hong Kong division of the Malaysian gaming company has shelved its plan to construct a casino on South Korea’s Jeju Island to concentrate on its casino cruise business,...

Published August 10, 2015

No Casino for Macau Hotel

The Hollywood Roosevelt Hotel, now under construction in Macau, has abandoned a plan to add a casino to the property. The plan launched in 2013 originally called for 53,000...

Published August 10, 2015

Macau: No Sex Trafficking Here

Macau’s Secretary for Security Wong Sio Chak has denied claims by the United States that women and children in the territory are subjected to human rights abuses including sex...

Published August 10, 2015

Okada Delays, Boosts Investment, Tops Off Manila Resort

In exchange for an additional delay in opening, Tiger Resort, the Manila project being built to Kazuo Okada’s Universal Entertainment, will invest a total of $2 billion in the...

Published August 3, 2015

VIPs Roll Through the Roof at Cambodian Casino

Rolling chip turnover for VIP games was up 69 percent year-on-year at the Star Vegas Resort and Club (l.) in Cambodia for the fiscal year that ended June 30....

Published August 3, 2015

Sands China Down, But Mass Gaming Up

Las Vegas Sands Corp., which earns 60 percent of revenues from Macau, saw a 19.4 decline in revenue and 30.1 percent drop in profits during the second quarter, but...

Published August 3, 2015

Is Smaller Better in Vietnam?

Can Vietnam really support multibillion-dollar integrated resorts? The country’s ban on gaming by most of its residents means the entire industry would be dependent on the tourist trade.

Published August 3, 2015

S. Korea OKs Casino Cruises

The South Korean Ministry of Oceans and Fisheries has authorized casino gaming on cruise ship. The new law takes effect this week, but actual operations may not begin until...

Published August 3, 2015

Tinian Dynasty Settles U.S. Case for $3M

Tinian Dynasty (l.) in the Northern Mariana Islands has agreed to a $3.04 million fee to end a money laundering case brought by the U.S. government. The operator reportedly...

Published August 3, 2015

Vietnam Resort Extends RFC Deadline

Strong interest in gaming in Vietnam has led Laguna Lang Co. to extend its Request for Concepts deadline to September 15. Phase I of the development in Thua Thien-Hue...

Published July 27, 2015

Macau Shares Up, Decline Drags On

Some analysts say a rise in Macau casino stock values is just a blip in an ongoing downward trajectory. Optimists say the Chinese casino hub could be preparing for...

Published July 27, 2015

Vietnam Casino Targets Chinese

It will be tourists-only when it comes to gambling at a new casino planned for Vietnam. The $870 million resort, which will be developed on the resort island of...

Published July 27, 2015

Macau Tops in GGR

Despite the gaming slump in Macau, the Chinese territory is still No. 1 in gross gaming revenues, according to a new report. But the United States remains the largest...

Published July 27, 2015

Gaming Up in Cambodia

The Cambodian government has reaped $12 million in gaming taxes in the first half of 2015. That’s a 20 percent year-over-year increase in a country where the number of...

Published July 27, 2015

Sands Docs Remain Under Seal

Records that could prove an alleged link between Sands China and Macau’s underworld triads will not be made public, according to news reports. A Nevada judge cited sensitive information...

Published July 27, 2015

Former Hu Aide Arrested

Ling Jihua, a top aide and confidante of former Chinese President Hu Jintao (l.), has been arrested on corruption charges. Ling has been stripped of his Communist Party membership...

Published July 27, 2015

Genting HK Expects Record Net

Genting Hong Kong says it expects to post a record-setting year-on-year net profit of not less than $2.1 billion for the first half of 2015. The boost is attributable...

Published July 27, 2015

Casinos in Coloane? Macau Says No

The government of Macau says it will not approve new casinos in the Coloane section of the territory. A hotel project in the vicinity has created interest in a...

Published July 20, 2015