Local Operator Possible in Macau

When it comes to new casino concessionaires, the government of Macau might look for an operator closer to home. A new report says the gaming enclave may want a...

Published January 26, 2015

Ho Facing Prison Time

Alan Ho, nephew of SJM Holdings Chairman Stanley Ho and a suspect in a prostitution sweep in Macau, is likely to spend the Chinese New Year behind bars, according...

Published January 26, 2015

Macau Cuts Costs to Save Cash

Macau casino operators are looking for ways to trim expenses to account for the historic decline in gaming revenues accompanied by rising employment costs. In 2014, operators raised employee...

Published January 19, 2015

Auditors Slam PAGCOR Investments

Philippine auditors are taking the Philippine Amusement and Gaming Corp. to task for developing employee condos that didn’t sell, for launching a slot parlor that underperformed, and for other...

Published January 19, 2015

Will Philippines Replace Macau?

As the gaming industry in Macau continues to decline, business in the Philippines is holding steady, according to Resorts World owner mogul Andrew Tan (l.). Tan says there are...

Published January 19, 2015

Mega Stars Bets on Marianas

The isle of Tinian in the Marianas Islands may be the site of a new hotel-casino complex. Mega Stars Overseas Ltd.’s Hong Kong parent company has announced it’s thinking...

Published January 19, 2015

Naga Exits Buddhist Land

A temporary storage facility belonging to casino developer NagaCorp. has been removed from the site of the Buddhist Institute in Phnom Penh. Last year the company acknowledged it was...

Published January 19, 2015

DiCaprio, De Niro Shill for Packer Casino

Film stars Leonardo DiCaprio and Robert De Niro (l.) appear in a promotional ad for James Packer’s new City of Dreams casino in the Philippines. The actors were reportedly...

Published January 19, 2015

Macau on the Hunt for Lawbreakers

In keeping with Chinese President Xi Jinping’s new crackdown on corruption and money laundering in the world’s premier gaming destination, Macau’s Secretary for Security Wong Sio Chak says territorial...

Published January 19, 2015

Ho Relative Arrested on Prostitution Charges

A nephew of Chinese casino mogul Stanley Ho has been arrested in Macau on charges he was involved in operating a large prostitution ring at SJM Holdings Ltd.’s Hotel...

Published January 19, 2015

Nepal Lawmakers: Reopen Our Casinos

With a number of casinos in Nepal closed due to what the government says are outstanding fees and tariffs, some lawmakers in the Asian republic want the country’s Ministry...

Published January 12, 2015

Philippines Set to Grow in 2015

The Philippines could be the fastest-growing gaming jurisdiction in Asia this year, say industry observers, especially with the opening of City of Dreams Manila (l.). The market could accelerate...

Published January 12, 2015

Sands China and Macau Officials Find Court a Possibility

Sands China is in hot water to say the least, and the effect may spill over to the U.S. After what former employee Steven Jacobs (l.) claims was a...

Published January 12, 2015

Pachinko Operator Plans IPO

Japanese pachinko hall operator Niraku GC Holdings has applied to be listed as a public company on the Hong Kong Stock Exchange, according to a report. The company hopes...

Published January 12, 2015

Jeju Island Eyes Integrated Resorts

Jeju Island, a province in South Korea, is planning on using integrated resort development to draw more tourism. For a template on how to do it, it’s looking to...

Published January 12, 2015

Melco Crown to Delist in Hong Kong

Melco Crown Entertainment has applied to have its shares delisted from the Hong Kong Stock Exchange “for reasons of cost and utility.”

Published January 12, 2015

No Casinos in Okinawa

The Okinawan government has studied legal gaming for more than eight years, but will not allocate funds for the studies this year, says new Governor Takeshi Onaga (l.). But...

Published January 12, 2015

Macau’s Unprecedented Slide

The crackdown on corruption and money laundering by Chinese President Xi Jinping (l.) has wiped billions in revenue from the world’s most profitable gaming destination. As more than half...

Published January 12, 2015

Moody’s Cautious About Studio City

The decline in Macau’s gaming industry will have a discouraging effect on Melco Crown Entertainment Ltd. and its newest project, Studio City on the Cotai Strip. Depressed revenues could...

Published January 12, 2015

The Race to Build South Korean Casinos Is On

A development partnership that includes U.S. gaming giant Caesars Entertainment Corp. has inked an agreement to construct a US$838 million casino resort in Incheon, South Korea. Paradise also plans...

Published January 5, 2015