Jeju Casinos to Pay Higher Tax?

The government of Jeju in South Korea will analyze the tax yield from the island’s eight casinos with a goal of maximizing revenue. It isn’t known if the government...

Published May 25, 2015

U.S. Japan’s Ally in Casino Gambit

As Japanese lawmakers press for legal casinos in the country, the U.S. gaming industry is lending a hand. The American Gaming Association sent representatives, including SVP Sara Rayme (l.),...

Published May 25, 2015

No New Singapore Licenses

A Singapore senior official says the republic will not expand its casino market when the country’s two existing licenses expire in 2017. Instead, the government will focus on the...

Published May 18, 2015

Big Trouble for Adelson?

Revelations from documents that disprove testimony by Las Vegas Sands Chairman Sheldon Adelson in a lawsuit hearing could spell trouble for the casino mogul. And this is only a...

Published May 18, 2015

More Gloomy Forecasts for Macau

Some gaming industry analysts predict a rebound in Macau’s casino business, either in the short-term or over a span of years. But the news last week was almost uniformly...

Published May 18, 2015

PAGCOR Seizes $2.2 Million from Tiger Resorts

Citing delays in a Manila casino development, the Philippine Amusement and Gaming Corp. has confiscated a $2.2 million guarantee payment from Kazuo Okada (l.) and his Universal Entertainment Corp.

Published May 18, 2015

Casinos Cruises for South Korea?

South Korean nationals are banned from gambling at all but one of the country’s 17 licensed land-based casinos. Kangwon Land (l.) is a very lucrative casino. To meet the...

Published May 18, 2015

Electronic Tables Could Beat Live in Asia

A study from Union Gaming says electronic table games may offer better win-per-table than mass-market games with live dealers. Previously, electronic tables were considered less preferred by players and...

Published May 18, 2015

Sands Trumps AAEC

Sands China has won a lawsuit filed by Asian American Entertainment claiming the gaming giant illegally severed a 2001 agreement to jointly bid for a casino license in Macau.

Published May 18, 2015

Genting Malaysia to Sell Hong Kong Stake

Genting Malaysia plans to sell its entire 17.8 percent stake in the group’s Hong Kong-listed subsidiary Genting Hong Kong, calling it a “non-core asset.” Shares will be sold for...

Published May 18, 2015

Numbers Down, Shares Up in Macau

The value of Macau casino shares rose on the Hong Kong Stock Exchange, even as the gaming hub reaches what analysts hope is its bottom. GGR fell almost 39...

Published May 11, 2015

U.S. Pushes Japan Casinos

In its campaign for new casinos in Japan, the American Gaming Association is sharing its first-ever set of Anti-Money Laundering Best Practices with representatives of the country. AGA representatives,...

Published May 11, 2015

South Korea Woos Chinese ‘Low Rollers’

The Asian country is using a double-pronged approach to attract both “low-rollers,” or Chinese shoppers, and VIP gamblers, who have fled Macau in record numbers. The number of Chinese...

Published May 11, 2015

Galaxy Phase 2 May Add 150 Tables

Macau casino operator Galaxy Entertainment Group Ltd. is expected to get 150 gaming tables for its HKD19.6 billion (US$2.5 billion) Galaxy Macau Phase 2 property on the Cotai Strip....

Published May 11, 2015

Chinese Influence Grows in Jeju

As Chinese tourists flood the island of Jeju, more and more Chinese investors are banking on the South Korean province. The provincial government is concerned that foreigners could end...

Published May 11, 2015

Macau to Consider Smoking Lounges

Government officials in Macau are “open” to airport-style enclosed smoking lounges on casino floors. No final decision has been made on the lounges, but lawmakers are willing to “listen...

Published May 11, 2015

Vietnam OKs Phu Quoc Casino

The government of Vietnam has approved a casino resort on the vacation island of Phu Quoc. The country hopes to be more competitive with Singapore, Malaysia, Thailand, the Philippines...

Published May 11, 2015

Monetary Easing Could Help Macau

A monetary easing policy in China could bring relief to the country’s sluggish economy, according to a recent study published in the Asia Pacific Journal of Marketing and Logistics.

Published May 11, 2015

Japan Tries Again

“If at first you don’t succeed…” Casino advocates in Japan last week submitted yet another bill to parliament that would bring legal gaming to the country. Analysts say casinos...

Published May 4, 2015

Down with Wynn

Wynn Macau Ltd., the Asian unit of Wynn Resorts, has posted a first-quarter loss, with adjusted earnings down 45 percent to $212.3 million. In response, the company has slashed...

Published May 4, 2015