LongRunn to Develop Korean Casino

Chinese property developer LongRunn International is reportedly planning an integrated resort complex on South Korea’s Yeongjong Island. Diamond City would be next to a Caesars Entertainment casino

Published February 26, 2018

MGM to Raise Salaries

MGM China has joined its fellow concessionaires in Macau by announcing higher salaries for eligible non-management team members starting March 19. Workers will see increases of between 2.5 percent...

Published February 26, 2018

Rich Goldman Posts Profit Drop

Macau junket investor Rich Goldman Holdings Ltd., formerly the Neptune Group Ltd., has posted a decline in net profits for the six months to December 31 of 72 percent...

Published February 26, 2018

Universal Posts Loss for ‘17

Universal Entertainment Corp., operator of the Okada Manila casino resort (l.) in the Philippines’ capital city, recorded a net loss of JPY 13.4 billion (US$124.6 million) for the nine...

Published February 26, 2018

Myanmar Gives Nod to Casino Gaming

Officials in Myanmar have reportedly given the go-ahead to a plan to introduce casino gaming in the Southeast Asian republic. The law must first be revised, said Union Minister...

Published February 19, 2018

Melco Considers Studio City Phase II

Lawrence Ho, head of Melco Resorts & Entertainment, says he will “continue to explore” the Phase II expansion of Studio City on Macau’s Cotai Strip. He’s also looking to...

Published February 19, 2018

Bryson: Don’t Give Up on Taiwan Casinos

In multiple referendums, most Taiwan voters have shown little appetite for full-fledged casinos. Bill Bryson of Global Market Advisors says politics and low voter turnout are behind the stalled...

Published February 19, 2018

Macau Cracks Down on WeChat Bets

Authorities in Macau and Mainland China are working together to curb the use of WeChat for illegal betting. Top security official Wong Sio Chak said crime syndicates solicited gamblers...

Published February 19, 2018

NagaCorp Sees Big Growth in Phnom Penh

Cambodian casino operator NagaCorp saw its earnings grow 79.9 percent in 2017 due to a 142 percent growth in VIP betting. The company credited the opening of Naga2 in...

Published February 19, 2018

Hainan ‘No Imminent Threat’ to Macau

A plan to introduce online gaming on Hainan Island in the South China Sea should be no cause for concern among Macau gaming operators—at least for now, says a...

Published February 19, 2018

Donaco Braces for Impairment

Australian-listed Donaco International Ltd. estimates that it will incur an impairment charge on the casino license of its Star Vegas property (l.) in Cambodia of about AU$144 million (US$114...

Published February 19, 2018

Macau Casino Workers Bag More Perks

As Galaxy Entertainment and Wynn Resorts make good on wage hikes for workers, Sands China Ltd. has introduced a paternity-leave policy that became effective February 16. New dads will...

Published February 19, 2018

MGM Cotai to Open this Week

Fitch Ratings says repeated delays in the opening of MGM Cotai won’t matter much in the long term. The multibillion-dollar property, delayed several times, is now set to open...

Published February 12, 2018

Japan IRs Worth $3 Billion a Year

In a new report, Fitch Ratings estimates Japan integrated resorts will generate about $3 billion in gross gaming revenue per year once they’re up and running, and have minimal...

Published February 12, 2018

PAGCOR: No New Casinos (for Now)

The Philippine Amusement and Gaming Corp. has suspended applications for new casinos on orders from President Rodrigo Duterte (l.). The moratorium order was issued on January 11 and took...

Published February 12, 2018

Details Emerge about Laos Casino Crimes

A new report from Reuters news agency includes unsavory details of a Laos casino, Kings Roman (l.), called out by the U.S. Treasury Department for human trafficking and the...

Published February 12, 2018

Kangwon Land to Cut Hours April 1

Kangwon Land, the only South Korean casino resort open to locals, is on order from the government to limit growth. The first step is a reduction in the resort’s...

Published February 12, 2018

Guangdong Group Opens VIP Club at L’Arc

Macau junket promoter Guangdong Group has opened a new VIP gaming club at L’Arc in the city’s downtown casino district. Rumor has it the VIP operator is also hoping...

Published February 12, 2018

MGM China to Hand out Bonuses

On the heels of demands for fairer pay, MGM China has announced pay hikes for eligible staff. The company will distribute two bonuses that will add up to two...

Published February 12, 2018

CEZA: ‘Freeport an Investment’

Raul L. Lambino (l.), CEO of the government-owned Cagayan Economic Zone Authority, says the Philippine province wants to develop a destination tourism district with gaming facilities and other attractions.

Published February 12, 2018