U.S. Partner Joins Vietnam Resort Project

VinaCapital has been trying for several years to develop a resort-scale casino in Vietnam and may finally have landed the financial backing to make it happen, with Peninsula Pacific,...

Published March 24, 2014

Smoke-Free Casino in Macau—Someday

The Macau government has agreed in principle to a request from the territory’s casino operators to make all public gaming floors smoke-free. Nothing will change any time soon, though,...

Published March 24, 2014

Strong Quarter, Strong Year for Galaxy

Galaxy Entertainment ended 2013 on a high note with a 41 percent jump in pre-tax earnings in the fourth quarter on revenue that hit US$2.4 billion. The Macau casino...

Published March 24, 2014

China Cracks Down on Phone ‘Gambling’

China’s Ministry of Culture is zeroing in on mobile applications that entice game players to buy apps to increase their chances of winning. The government says they’re too close...

Published March 24, 2014

UnionPay Targets Fake Purchases in Macau

China’s UnionPay bank card says it is cracking down on the phony jewelry and watch purchases mainland visitors make with the card when they get to Macau. The “purchases”...

Published March 24, 2014

Junket Stakeholder Arrested in Hong Kong

Hong Kong authorities have arrested a shareholder in one of Macau’s largest junkets in connection with a wide-ranging investigation into money-laundering and other crimes. Police also seized HK$200 million...

Published March 24, 2014

Japan Casino Bill Delayed

A leading pro-casino lawmaker in Japan’s Diet says a legalization bill may not pass by summer, as was expected. Support for the bill remains strong, but it appears to...

Published March 17, 2014

Tam: No New Macau Concessions

Macau’s Economy Secretary Francis Tam (l.) says the territory’s casino concessions will remain at six when they come up for renewal beginning in 2020. The terms of renewal, however,...

Published March 17, 2014

Macau Money Trail Leads to Prison

Carson Yeung, the Hong Kong owner of England’s Birmingham City football club, has been sentenced to prison by a court in his native city for money laundering. The exact...

Published March 17, 2014

No Casinos on Hainan

A short-lived sweepstakes-style casino on Hainan had pundits wondering if the popular south China resort island would become the country’s second legal gaming market. It won’t, say local officials,...

Published March 17, 2014

Lagerfeld Joining SJM on Cotai

Macau casino giant SJM has signed its second global fashion name to the Lisboa Palace resort the company is developing on Cotai. Karl Lagerfeld will be joining Versace as...

Published March 17, 2014

No More Land for Gaming in Macau

Macau’s Secretary for Economy and Finance Francis Tam (l.) says diversification is the government’s top priority. That means land will not be allocated for new casinos once Cotai is...

Published March 10, 2014

GGAM Can’t Dump Bloomberry Shares

A Philippines court has ordered Global Gaming Asset Management not to sell its stake in Bloomberry Resorts until an arbitrator rules on Bloomberry leader Enrique Razon’s (l.) decision to...

Published March 10, 2014

Boyd Has Eyes for Japan

Boyd Gaming Chief Executive Keith Smith (l.) said his company may be interested in bidding for a gaming license in Japan. He and another executive with the Las Vegas-based...

Published March 10, 2014

Caesars Waits for Verdict in Korea

Questions still surround the future for Caesars Entertainment in South Korea. After being rejected for a license last year, the U.S. gaming giant and its partner have reapplied, but...

Published March 10, 2014

PwC: Money Laundering Rife in Macau

A new survey of business executives in Macau and Hong Kong shows money laundering is far more prevalent in the two Chinese territories in proportion to the rest of...

Published March 10, 2014

Slot Makers Need Macau License for Vietnam

The Vietnamese government has designated Macau as the standard of compliance for slot manufacturers, suppliers and testing laboratories wishing to do business in the country. The policy is part...

Published March 10, 2014

Japan Shaping Up as a Battle of the Billions

Sheldon Adelson says he’ll spend $10 billion to build a resort in Japan. Rival James Murren (l.) says he’ll match it. Joining them are an A-list of global operators...

Published March 3, 2014

Strong Year for SJM

Macau casino giant SJM Holdings saw its market lead slip in 2013 but still managed to beat analyst profit estimates on strong play across all segments of the business....

Published March 3, 2014

Singapore Stuck at No. 3

After starting with a bang back in 2010, Singapore’s two resort casinos were expected to easily overtake the Las Vegas Strip as the world’s No. 2 market. But it...

Published March 3, 2014