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

Nomura: Sell Melco Crown

The Japanese brokerage firm Nomura has downgraded Melco Crown Entertainment Ltd. from “neutral” to “reduce,” and says the company is likely to derive “limited value” from Studio City (l.),...

Published May 4, 2015

More Details on Mohegan Sun in Korea

The gaming giant is working with the Incheon International Airport Corp. to develop an integrated resort on an 800-acre parcel of land at the South Korea facility, which has...

Published May 4, 2015

Ups and Downs in Macau

The government is talking about a cap on Mainland Chinese tourism to Macau, even as tourism overall declined in March. Unemployment is expected to grow, even as the government...

Published May 4, 2015

Union Gaming ‘Gaga for Naga’

The typically staid gaming research firm has declared its love for NagaCorp., which the firm contends is outperforming its peers in Macau, is doing well across the board, and...

Published May 4, 2015

Century Seeks Arbitrator in Okada Case

Philippine real estate company Century Properties Group is seeking an arbitrator to intercede in its legal battle with Japanese billionaire Kazuo Okada (l.). The parties once planned to partner...

Published May 4, 2015

Broadway Macau to Open May 27

It’s the newest in Macau’s promised array of nongaming attractions: Galaxy Entertainment’s Broadway Macau, which will open later this month. The “entertainment precinct” includes a 3,000-seat theater and hotel,...

Published May 4, 2015

Studio City Headed for Default?

A cap on table games in Macau could force Melco Crown Entertainment to default on loans associated with its HK$10.86 billion (US$1.4 billion) Studio City project on the Cotai...

Published April 27, 2015

Adelson: Macau Needs More MICE

Sands China Ltd. Chairman and CEO Sheldon Adelson says the company has applied to develop a 2,500-room non-gaming resort in Macau, in addition to the Parisian (l.), whose opening...

Published April 27, 2015

Professor: Junkets Undermined Macau

An expert from Macau Polytechnic Institute says Beijing’s crackdown on corruption was not the primary cause of the jurisdiction’s decline. Professor Zeng Zhonglu says the fault lies in Macau’s...

Published April 27, 2015

More on Bloomberry’s Korea Casino

Bloomberry Resorts Corp.’s Chairman Enrique Razon Jr. (l.) has released further details about the company’s planned US$1 billion casino resort in South Korea. The lavish complex will include residential...

Published April 27, 2015

Planned Vietnamese Casino May Move

A casino on Vietnam’s Phu Quoc Island has already been approved by the government, but a location was never set in stone. The current site is close to a...

Published April 27, 2015

Adelson Trial Under Way

The trial in the lawsuit of Las Vegas Sands CEO Sheldon Adelson over the firing of former Sands China CEO Steven Jacobs (l.) started with threats of contempt charges...

Published April 27, 2015

Macau Casino Workers Plan Protest

Two Macau casino labor groups are gearing up for a May 1 Labor Day protest. Workers want higher salaries, wage parity, tighter restrictions on imported employees, and implementation of...

Published April 27, 2015

Belle Eyes More Philippines Casinos

Real estate developer Belle Corp. may bid on a Philippine casino license when more openings come up. The Philippine Amusement and Gaming Corp. has said no licenses will be...

Published April 27, 2015

Manila: Heir Apparent?

The decline of the world’s No. 1 gaming hub has put the Philippines on the front burner for many global gamblers; now a $1 billion project (l.) is now...

Published April 20, 2015

Pansy Ho: Macau Will Keep Current Operators

Pansy Ho, daughter of legendary casino boss Stanley Ho and co-chairperson of MGM China Holdings Ltd., says the government of Macau should lengthen the license terms of the city’s...

Published April 20, 2015

Where Have Macau’s VIPs Gone?

In the aftermath of a government crackdown on corruption in Macau, high-rolling gamblers have fled their former playground to play elsewhere. Some jurisdictions are picking up the slack, but...

Published April 13, 2015

MGM China Expands Credit Line

MGM Resorts International has announced that its Chinese subsidiary has agreed to an amendment and extension of senior credit facilities. The loans will be expanded by US$1 billion and...

Published April 13, 2015