IPI Wants to Swap Tax Credits for Tax Payments

Imperial Pacific International, which runs the struggling Imperial Palace resort (l.) on the island of Saipan, has asked to use tax credits it earned in the years since its...

Published June 10, 2019

Macau Mulls Its Own Stock Market

Officials say they’ve got two principal aims in looking at the possibility of a yuan-based exchange: to establish the city as the go-to source for trade between China and...

Published June 10, 2019

Ho: Heir Apparent to Packer?

Lawrence Ho, the chairman and CEO of Melco Resorts & Entertainment, which now owns almost 20 percent of Crown Resorts, may be planning to buy an ownership stake in...

Published June 10, 2019

Widus Gets $$ for Hotel Tower

Widus Philippines Inc., owner and operator of the Widus Hotel and Casino (l.) in the Clark Freeport Zone, has secured a PHP7 billion (US$133.9 million) loan to finance a...

Published June 3, 2019

Eight Arrested in Homicide, Casino Robbery in Macau

The unrelated crimes both occurred in or near the Four Seasons casino hotel on Cotai. A mainland Chinese man was stabbed to death in a reputed clash between mainland...

Published June 3, 2019

Macau Remains Tightest of Labor Markets

The casino boom has gifted the Chinese territory with one of the lowest unemployment rates in the world. As new data released for the first four months of 2019...

Published June 3, 2019

Donaco Shareholders Lobby to Lose Lims

Australian gaming operator Donaco International Ltd. has announced it will convene an extraordinary general meeting of shareholders after three of them called for the ouster of board directors Joey...

Published June 3, 2019

Okada Sues Family, Former Execs

Japanese gaming titan Kazuo Okada has filed theft and estafa charges against executives of Universal Entertainment Corp., including CEO Steve Wolstenholme (l.), and a subsidiary for ousting him from...

Published June 3, 2019

Sihanoukville Casino Defies Order to Shut

The city of Sihanoukville, Cambodia has become a hotbed of casino gaming particularly popular among Chinese players. Of an estimated 100-plus casinos there, the Jin Ding Hotel and Casino...

Published June 3, 2019

Japan Puts Brakes on Policy Release

Japan lawmakers have announced they will not issue their Fundamental Policy on Integrated Resorts until after this summer’s elections. As a result, the expected timeline for IR openings may...

Published June 3, 2019

Melco Philippines Could Be Delisted

The Philippine Stock Exchange says Melco Resorts and Entertainment’s Philippines unit will be delisted unless the company floats at least 10 percent of its stock at the PSE by...

Published May 27, 2019

Goa Casino Boats Remain Controversial

Casino boats on the Mandovi River off Goa, India may be a key issue in the upcoming Panaji general elections. For years, politicians and candidates have been promising to...

Published May 27, 2019

Philippine Dynasty Plans Casino

The family of the Philippines’ richest man, former Senator Manuel Villar Jr. (l.), has announced that it hopes to build an integrated resort in the city of Las Piñas...

Published May 27, 2019

Sihanoukville Casinos: Haven or Invasion?

The casino industry has come to Sihanoukville in a big way, turning the former coastal idyll into a construction zone. But the infusion of Chinese investment and gamblers has...

Published May 27, 2019

Filinvest to Spend $200 Million on Clark Casino

The Filinvest Group has announced it will invest more than $200 million for its first-ever integrated casino resort in New Clark City, Philippines. Construction is expected to begin this...

Published May 27, 2019

Okada Vows to Fight Arrest Order

Japanese billionaire Kazuo Okada says he will “vigorously defend” himself against charges he defrauded one of his own Philippine companies of US$3 million. A statement on Okada’s behalf called...

Published May 27, 2019

Melco Floats Hefty Buyouts for Pit Managers

The company wants to trim floor staff at its three Macau casinos in a way that will keep the government happy. Supervisors are being offered a number of incentives...

Published May 20, 2019

Suncity Confirms It Will Manage Hoiana

Leading Macau junket investor Suncity Group has confirmed that it will manage the casino at its Hoiana integrated resort (l.) in Vietnam, which is expected to open before the...

Published May 20, 2019

Goa Adds Offshore Casino

Despite numerous pledges by local lawmakers to ban casino boats operating in the waters off Goa, India, another vessel has been added to the fleet: Golden Globe Hotels’ Big...

Published May 20, 2019

Mohegans to Break Ground on Inspire

Connecticut-based casino operator Mohegan Gaming & Entertainment has announced that it’s about to break ground on its US$1.6 billion South Korean integrated resort called Inspire (l.).

Published May 20, 2019