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

Weaker Ringgit Will Hurt Singapore Casinos

Singapore’s casino market, which like other jurisdictions is relying on mass-market play to fill in the gap left by absent VIPs, is expected to be hard-hit by the lower...

Published April 13, 2015

Study Shows Diversity of Macau Gamblers

Chinese gamblers are more social than their peers from other regions. Taiwanese gamblers are more likely to play alone. Hong Kong gamblers are more apt to complain and ask...

Published April 13, 2015

Sands China Gets Stay on Sanctions

The Nevada Supreme Court has temporarily intervened in a lower court decision ordering Sands China Ltd. to pay $250,000 in penalties for withholding legal documents in a wrongful termination...

Published April 13, 2015

Cambodia Close to Passing Casino Bill

The Cambodian National Assembly is expected to approve a casino bill sometime this year, according to a senior official from the Ministry of Economy and Finance. Ros Phearun says...

Published April 13, 2015

Ayala Corp. to Bid on Manila Airport

Philippine-listed Ayala Corp. says it will be among the bidders to redevelop Manila’s Ninoy Aquino International Airport. The job has been valued at PHP15 billion (US$338 million). Ayala is...

Published April 13, 2015

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