Nepal’s Casinos Resist Tax Hikes

Nepal’s casinos have won another delay in their fight with the government over stricter regulations and higher taxes. They say they can’t afford the increases, and a compromise could...

Published April 21, 2014

Credit Crunch in China Hits Wynn Shares

High rollers in Macau could curb their betting as China puts more limits on borrowing, according to a Wells Fargo analyst. Wynn Resorts, which makes most of its money...

Published April 21, 2014

Melco in Talks for $5 Billion Tokyo Casino

Melco Crown Entertainment says it will spend $5 billion or more to open a resort casino in Tokyo. The Macau casino giant (Crown Macau at left) envisions a joint...

Published April 14, 2014

South Korea’s Provinces Want In

At least four local governments in South Korea are planning or considering hosting resort-scale casinos. Each wants its piece of the expanded industry envisioned by the government of President...

Published April 14, 2014

India’s Largest Casino Set To Open

Delta Corporation has opened a destination resort in Daman on India’s Arabian Sea coast and is awaiting licensing for the resort’s casino. A Delta official said that will happen...

Published April 14, 2014

Banner Year for Belle

City of Dreams Manila (l.) is still some months from opening, but Belle Corp. is already reaping the benefits. Revenues for the PSX-listed subsidiary of Philippine retail giant SM...

Published April 14, 2014

Macau’s Critical Mass

The deeper Macau’s casino market penetrates into China the more its mass market grows. That was the story of the first quarter’s revenue boom, which was paced by a...

Published April 14, 2014

Big March for Macau

March was another blowout month for Macau gaming revenue. The haul was $4.4 billion, capping a first quarter that averaged $1 billion a week and has analysts considering raising...

Published April 7, 2014

No Gaming for Kinmen

The Taiwanese island of Kinmen has long been touted as a potential casino destination, but officials now say legalization is out of the question. Vice Mayor Wu Yu Chin...

Published April 7, 2014

Nepal Casinos Play for Time

Nepal’s gaming operators are asking the government to reconsider its decision to double the industry’s effective tax rates and impose a number of new get-tough regulations. Officials say they’ll...

Published April 7, 2014

MGM Likes Its Japan Chances

CEO James Murren (l.) says he expects MGM Resorts International will be up and running in Japan in time for the 2020 Summer Olympics in Tokyo. The chairman of...

Published April 7, 2014

Wynn Macau Launches Stock Option Scheme

Wynn Macau has upped the stakes in a looming battle for Macau’s most precious resource—labor. The company is awarding each of its workers 1,000 shares of stock in a...

Published April 7, 2014

Chow Secures Hengqin Funding

Macau casino operator David Chow (l.) has broken ground on a 30,000-square-meter commercial and leisure complex he plans to develop on the neighboring island of Hengqin. Galaxy also plans...

Published April 7, 2014

A Promised Land for Macau—in China

The head of China’s Macau liaison office supports the idea of providing the territory with land in the neighboring mainland province of Guangdong to help it diversify its economy...

Published March 31, 2014

LVS Wants To Expand in Singapore

Las Vegas Sands has asked the government of Singapore for more land to expand its hotel offering at Marina Bay Sands by 1,500 more rooms. The company says the...

Published March 31, 2014

Macau Lawmakers Weigh Smoking Ban

Macau’s Legislative Assembly is considering additional limits on smoking in the city’s casinos. But one lawmaker says the current restrictions are a failure and is pushing for a total...

Published March 31, 2014

Macau’s City of Dreams Reveals 5th Tower

A dramatic new tower is being planned for Macau’s City of Dreams. Melco Crown, the property owner, has contract with renowned architect Dame Zaha Hadid to design an eye-catching...

Published March 31, 2014

South Korea Gets a Qualified Thumbs Up

With South Korea’s first foreign-owned casino looking like a go, analysts like the country’s potential as a destination. They don’t like the government’s continued ban on domestic play.

Published March 31, 2014

Vietnam Attracting More Investment

A major expansion under way at Vietnam’s Lao Cai hotel casino is one of several big-ticket foreign investments in the country’s nascent resort industry. The government may even rescind...

Published March 31, 2014

Nepal Casinos Seek Break on Fees

A trade group representing Nepal’s casinos has petitioned the government to reconsider a slew of fee increases the industry must pay to stay in business. The alternative, the group...

Published March 31, 2014