SJM Notches $2.84B in First Quarter

Macau casino giant SJM Holdings held on to close second place behind Sands China in citywide market share during the first quarter. The company posted a 4.9 percent increase...

Published May 19, 2014

Macau Casino Stocks Take Hit From Junket Operator, Credit Card Issues

Credit Suisse says the disappearance of a Macau junket operative with something like $1 billion may signal a good time for investors to hold off buying more Macau casino...

Published May 12, 2014

Resorts World Manila Approved for Expansion

The Philippines’ biggest casino is set to get a lot bigger. Resorts World Manila is adding more than 400 new table games and 4,100 more slots, expanding its two...

Published May 12, 2014

e-Casino Opens at Macau Jockey Club

A casino has returned to the Macau Jockey Club after a 10-year hiatus, and it’s a 21st-century affair, the table games all-electronic. The SJM satellite is operated by Jay...

Published May 12, 2014

Wynn vs. Okada: It’s Back On

A judge in Las Vegas has rejected the U.S. government’s request for a third delay in the civil lawsuit between Wynn Resorts and Kazuo Okada. The Justice Department sought...

Published May 12, 2014

Singapore Broadens Self-Exclusion

The ability of Singaporeans to curb harmful gambling through self-exclusion has now been extended to the city-state’s slot clubs and betting parlors. The system has been limited to the...

Published May 12, 2014

Solaire Advances to Profitability

It took a year, but Manila’s new Solaire Resort & Casino is finally making money. Owner Bloomberry Resorts said the $32.7 million first-quarter profit vindicates the decision last year...

Published May 5, 2014

Video Game Arena Planned for Hengqin

Macau’s neighboring Hengqin Island (l.) could become home to a 15,000-seat video gaming arena. The plan is part of billions in investment, most of it private, earmarked for developing...

Published May 5, 2014

Downsized Expectations for Japan

Morgan Stanley has released a new report on Japan containing significantly lower forecasts for revenues and returns. High labor and construction costs, increasing taxes, legal delays and the inability...

Published May 5, 2014

New Casino To Debut in Vietnam

Australia’s Donaco International has the OK from the government of Vietnam to proceed with the opening this month of its expanded Lao Cai International Hotel. Plans include a larger...

Published May 5, 2014

Mongolia Sets its Sights on a Betting Industry

Mongolia is looking for operators willing to take a gamble on a racetrack in the country. The government sees legalization as a revenue stream and plans to authorize race...

Published May 5, 2014

Nepal Orders Casinos Closed

Push has come to shove in the small Himalaya mountain nation of Nepal, where the government has ordered the country’s 10 foreigners-only casinos to close for non-payment of back...

Published April 28, 2014

The Philippines—The Big Unknown

The Philippines’ Solaire Resort & Casino (l.) lost US$29 million in its first year of operation. The Manila property’s struggles underscore a host of uncertainties about the market’s ability...

Published April 28, 2014

Lawrence Ho Raises the Stakes in Russia

Lawrence Ho’s investment group in Russia is moving to take full control from its local partner of the resort it plans to build near Vladivostok. The partner, businessman Oleg...

Published April 28, 2014

’15 Reopening for Galaxy’s Grand Waldo

Galaxy Entertainment plans to reopen a refurbished Grand Waldo hotel next year but isn’t saying whether its casino will return. Galaxy bought the resort, which adjoins its flagship Galaxy...

Published April 28, 2014

Analyst Forecasts a Smaller Japan

Telsey analyst Chris Jones has issued a report that is less optimistic about Japan’s casino potential. Citing the country’s recent struggles to grow foreign tourism, Jones forecasts gaming revenues...

Published April 28, 2014

Japan Theme Park Eyes a Casino

Huis Ten Bosch (l.), a Dutch-themed Disneyland-style park near Nagasaki, is buying a piece of Japan’s nascent casino industry. The park’s Japanese ownership plans to a buy a nearby...

Published April 28, 2014

Osaka Takes Lead in Japan

Osaka has jumped out in front of Tokyo in the race to secure a casino license in Japan’s nascent gaming market. With the national parliament set to debate a...

Published April 21, 2014

Universal: Manila Bay Resorts Still on Track

Kazuo Okada’s Philippine partnerships have unraveled, but not his plans for a megaresort on Manila Bay. The tycoon’s Philippine subsidiary said the $2 billion complex (l.) will open on...

Published April 21, 2014

Macau’s Profits, Taxes Surge With Revenue

Macau’s booming casino industry isn’t just getting bigger. It’s getting more profitable, too, as growth in the higher-margin mass market continues to outstrip VIP.

Published April 21, 2014