Macau Concessions Safe, Experts Say

A recent news report out of Hong Kong claims that Macau will limit casino licenses to five to 10 years when they come up for renewal beginning in 2020....

Published March 3, 2014

No to Navajos

When the New Mexico Senate least week defeated a gaming compact negotiated between the Navajo Nation and Governor Susana Martinez, reaction was swift and bitter. Navajo President Ben Shelly...

Published February 24, 2014

GLOBAL GAMING BUSINESS PODCAST: Eric Tom, Executive Vice President, Global Sales, IGT

This week, the GGB Podcast features a discussion with Eric Tom, the executive vice president of global sales for IGT, on his company’s success in the international and the...

Published February 24, 2014

UK Gambling Drops

Gambling dropped by 2 percent in the UK in 2013 according to a UK Gambling Commission report, but online gambling showed signs of growth.

Published February 24, 2014

Ladbrokes Closing Betting Shops

With local governments in the UK demanding more powers to limit the spread of betting shops, industry giant Ladbrokes has decided it may have overbuilt. It plans to ax...

Published February 24, 2014

Genting Details Casino Plans in South Korea

Genting Singapore is pursuing a resort casino on the South Korean island of Jeju and hopes to have the project’s $300 million first phase open by 2017. The target...

Published February 24, 2014

MGM Growing Stronger in Macau

Robust increases in both VIP and mass-market play lifted MGM China Holdings to a banner fourth quarter. The Macau operator controlled by MGM Resorts International booked $238 million in...

Published February 24, 2014

Goa’s Leader Blasted as Pro-Casino

Critics of Goa Chief Minister Manohar Parrikar (l.) accuse him of reneging on a campaign promise to rid the Indian state of its floating casinos. They say he’s far...

Published February 24, 2014

Naga Details Russia Resort Plan

Vladivostok is a long way from Phnom Penh, but Cambodia’s NagaCorp Chairman Tim McNally (l.) is ready for the challenge. The company said it will start next year building...

Published February 24, 2014

Labor, Government Clash Over Macau Table Cap

The growth of Macau’s casino industry is outstripping the city’s supply of dealers, and the situation will only get worse as Cotai expands. Importing labor would be one solution,...

Published February 24, 2014

GGB PODCAST: Joe Pappano, Senior Vice President, Director of Merchant Sales and Managing Director, Vantiv Gaming Solutions

This week, the GGB Podcast features a discussion with Joe Pappano, the senior vice president, director of merchant sales and managing director for Vantiv Gaming Solutions on the role...

Published February 17, 2014

Hacked!

Last week computer hackers gained control of Las Vegas Sands websites in Vegas, Pennsylvania, Macau and Singapore. The hackers threatened CEO Sheldon Adelson over remarks he made about Iran...

Published February 17, 2014

Sweden’s Revenues on the Skids

Officials in Sweden are looking to new consumer technologies to reverse three years of revenue declines in the country’s betting and gaming markets. Problems are, the population is gambling...

Published February 17, 2014

UK Councils Unite To Battle Betting Shops

Hundreds of municipal councils in England and Wales, organized as the Local Government Association, are pressing for more powers to curb the proliferation of betting shops in their jurisdictions....

Published February 17, 2014

Putin: ‘Nyet’ to Casinos in Sochi

Investors are taking a bath on the more than $50 billion spent to prepare the Black Sea resort town of Sochi for the 2014 Winter Olympics. Some see casinos...

Published February 17, 2014

Codere Rejects Debt Deal

Spanish gaming and betting giant Codere has balked at a plan by creditors to take control of the company in exchange for reducing the company’s hefty debt load. The...

Published February 17, 2014

SJM Breaks Ground on Cotai

Macau casino giant SJM held a ceremonial groundbreaking last week (l.) for its megaresort on Cotai. The company, still the city’s market-share leader, is targeting a 2017 opening and...

Published February 17, 2014

Bloomberry Raises $254M. to Expand Solaire

Despite a challenging first year, Manila’s Solaire Resort & Casino will be expanding to the tune of 300 new hotel suites, a shopping mall, a showroom and a nightclub....

Published February 17, 2014

Macau Forecast To Hit $80 Billion

Still vastly underserved in terms of Chinese visitation, Macau will continue to boom as a supply driven casino market, according to an especially upbeat new report from Nomura Securities....

Published February 17, 2014

Casino Returning to Macau Racetrack

Slumping revenues have prompted the Macau Jockey Club to speed up plans to reopen a casino that closed 10 years ago at the thoroughbred track. Management is also looking...

Published February 17, 2014