Double Digits in Macau

The casino industry in Macau has posted its 10th consecutive monthly decline since President Xi Jinping (l.) tightened the reins last summer. Gaming revenues plummeted 39 percent in March,...

Published April 6, 2015

Japan Casino Bill Stuck in Limbo

A bill to legalize casino gaming in Japan has been delayed, dashing hopes by supporters that the country can get resorts up and running in time for the 2020...

Published April 6, 2015

Landing Fails to Acquire South Korea Casino

Landing International, a Mainland China-based real estate developer with two casino investments in South Korea, has ended negotiations to acquire the foreigners-only Alpensia Casino (l.) in Jeju. The firm...

Published April 6, 2015

Cambodia to Add Three Casinos

Three new casinos will open in Cambodia along the Vietnamese border. The gaming halls are expected to draw mostly Vietnamese gamblers, who in most cases are not legally permitted...

Published April 6, 2015

Macau Tourism Study Complete

A study says the world’s premier gaming market can comfortably host up to 33.7 million visitors per year, or about 90,000 tourists per day. But that’s the limit, according...

Published April 6, 2015

Imperial Pacific Posts Losses

Imperial Pacific, which has industry observers puzzling over its plans to build a $7 billion casino resort on the island of Saipan, has reported significant losses for 2014, due...

Published April 6, 2015

Quang Nam Casino Moves Ahead

After a number of delays, the $4 billion casino resort in Nam Hoi, Vietnam is apparently back on track. Officials in central Quang Nam Province has approved licensure to...

Published April 6, 2015

Macau Calls for Improved Construction Safety

The government of Macau is developing new safety regulations for construction sites in the wake of several on-the-job deaths. Macau is in the midst of a building boom on...

Published April 6, 2015

Macau Legend Posts 6.1 Percent Drop

Casino services firm Macau Legend Development Ltd. has reported profits of HKD478.9 million (US$61.8 million) for 2014. That’s a 6.1 percent decrease from the previous year. The company attributes...

Published April 6, 2015

BTC China Founder Supports Bitcoin in Macau

The founder of a Chinese transaction firm touted virtual currency such as the Bitcoin as a way for Macau’s gambling industry to handle foreign currency exchange. Bobby Lee, founder...

Published April 6, 2015

Pro-Casino Forces Push Japanese Bill

Lawmakers who support the legalization of casino gaming in Japan are rushing to submit a casino bill by the end of March. Officials including Prime Minister Shinzo Abe (l.)...

Published March 30, 2015

Ongoing Investment in Vietnam

A new international airport and a multibillion-dollar casino are planned for the Van Don Economic Zone in Vietnam’s Quang Ninh province. The casino partners include VinaCapital, Macau-based SunCity Group...

Published March 30, 2015

Cambodia Wins Big

Gaming taxes from Cambodia’s 59 casinos rose 12 percent in 2014, according to government officials. The state expects more moderate growth this year, and projects a year-on-year rise of...

Published March 30, 2015

Thrilla in Manila

Two global gaming companies saw their earnings in the Philippines surge last year. The results indicate that the country has remained largely insulated from the effects of China's crackdown...

Published March 30, 2015

South Korean Gaming Up, Barely

The gaming industry in South Korea has risen for the ninth year in a row, but has tapered off from previous years. According to the numbers, 2104 gambling and...

Published March 30, 2015

It’s Official: Macau in Recession

The decline in Macau’s gaming industry, which began last summer, is likely to reach double-digit losses in 2015, say analysts, with no upturn in the foreseeable future. The city...

Published March 23, 2015

Casino Hopes Fading in Japan

Despite an announcement by the Innovation Group that it had been tapped to advise Japan’s nascent casino industry, government officials insist there is no imminent plan to approve casino...

Published March 23, 2015

Bloomberry’s Private Korean Island

Bloomberry Resorts Corp., controlled by Philippine billionaire Enrique Razon (l.), will buy a 21-hectare (52-acre) island in South Korea for a casino resort complex. The development on Silmi Island...

Published March 23, 2015

Suncity: No Plans for Vietnam

Despite multiple reports to the contrary, junket operator Suncity denies that it plans to develop a resort casino on Phu Quoc Island in Vietnam. Detailed news stories had announced...

Published March 23, 2015

Nepal OKs Foreign Gaming Operator

India’s Department of Industry has approved a partnership of Goa Costal Resorts and Nepal-based Entertainment and Recreational to build a US$3 million casino in Kathmandu. The partnership will operate...

Published March 23, 2015