China Leads Stellar Quarter for Wynn

Wynn Resorts’ fourth quarter revenues soared 18 percent to $1.52 billion—and Macau was the reason why. The company’s Wynn Macau subsidiary saw earnings surge 32 percent on net revenue...

Published February 10, 2014

Sands China Blows Past the Market

Las Vegas Sands’ Macau subsidiary outperformed the rest of the city in the fourth quarter in almost every category on the gaming floor. VIP volume was up 26 percent,...

Published February 10, 2014

Court Tells Gambling Hotelier to Pay Up

The woman who lost Macau’s New Century Hotel over unpaid loans has been slapped with a court order. This time she’s been ordered to pay back more than $10...

Published February 10, 2014

Businesses Line Up Behind Casinos in Japan

Japanese business leaders, including Takeshi Niinami (l.), head of the convenience store chain Lawson, are spearheading the formation of a group to advocate for casinos and influence the shape...

Published February 3, 2014

Crown Still Waiting for Sri Lanka Casino OK

Sri Lanka’s government has finally approved Crown Resorts’ controversial $400 million casino hotel in the capital of Colombo—but without the casino. The Australian gaming giant says it is in...

Published February 3, 2014

Nobu Joins Melco in Manila

Robert DeNiro’s tony Nobu hospitality chain will make its Asian debut at Melco Crown’s City of Dreams Manila (DeNiro and Chef Nobu at left). The 321-room hotel will be...

Published February 3, 2014

Galaxy’s Founder Eyes Global Expansion

Hong Kong billionaire Lui Che Woo (l.) didn’t become Asia’s second-richest person by standing pat. The 84-year-old founder and chairman of Galaxy Entertainment Group is determined to take the...

Published February 3, 2014

Investors Riding a Rollercoaster in Macau

Has all the current upside of Macau’s red-hot casino market been priced into the shares of its six operators? JP Morgan’s Kenneth Fong thinks so, and his view sent...

Published February 3, 2014

China Lottery Sales Hit $50 Billion

New games and new outlets helped generate an 18 percent surge in sales last year for China’s two legal lotteries. Combined revenues topped $50 billion.

Published February 3, 2014

Macau Dealers Strike for Bigger Bonuses

A two-day job action by dealers at Macau’s Grand Emperor casino was enough to win them an annual bonus twice as big as what management originally offered. The victory...

Published February 3, 2014

Hainan ‘Casino’ Shut Down—Again

Illegal gambling is reported to be rife in the popular South China resort of Sanya on Hainan island and authorities are cracking down. More than 16 people have been...

Published February 3, 2014

Trading in Bloomberry Halted After GGAM Stock Sale

An unexpected drop in the price of Bloomberry Resorts, the parent company of the Solaire Casino Hotel in Manila, led to charges against Global Gaming Asset Management and a...

Published January 27, 2014

Vietnam: Small But Thriving

Experts are as impressed as ever with Vietnam’s potential to become a major Asian casino destination. The country’s small foreigners-only market is flourishing and slated for expansion, and some...

Published January 27, 2014

Smart Card Immigration Coming to Macau

Getting to Macau from China will become faster and easier thanks to a new smart-card technology the government is installing at the border crossings. The card will let travelers...

Published January 27, 2014

Riding the Macau Wave

As Macau gaming revenues continue to amaze, shares of gaming operators with a presence in the city are rising to new highs. Melco Crown, owner of the City of...

Published January 27, 2014

Macau Legend Plans New Share Sale

Six months after its Hong Kong IPO, gaming and hotel operator Macau Legend Development is returning to investors to raise another $174 million. The money is earmarked for a...

Published January 27, 2014

New Megaresort Coming to Vietnam

An investment group back by the Rockefeller family plans to co-develop a $2.5 billion luxury resort on Vietnam’s south-central coast. It’s not known yet if gaming will be part...

Published January 20, 2014

Caesars Wants Back in South Korea

South Korea’s plans to lower the barriers for investments in resort casinos has prompted Caesars Entertainment to resubmit its bid for permission to build near Incheon International Airport. The...

Published January 20, 2014

GGAM Sheds Interest in Manila Casino

Global Gaming Asset Management, the original managers of Bloombury’s Solaire Resort Casino (l.) in Manila, has sold its interest in the property just months after being ousted by Bloombury’s...

Published January 20, 2014

Funding Complete for Planned Cotai Resort

Louis XIII has secured a key loan to allow it to proceed with construction of a super-luxury hotel on the Cotai Strip. Still missing from the picture is a...

Published January 20, 2014