Tourists Flood Macau for New Year’s

Nearly 1 million visitors entered Macau for the seven-day Lunar New Year holiday. It was great for the broader economy, not so good for VIP gaming, and it showed...

Published February 10, 2014

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

Final Words on Philly

The Pennsylvania Gaming Control Board held final suitability hearings on five applicants for the second Philadelphia casino license, and heard testimony from the city’s current casino. SugarHouse owner Neil...

Published February 3, 2014

GLOBAL GAMING BUSINESS PODCAST: Rob Goldstein, President, Global Gaming Operations, Las Vegas Sands

This week in a special edition of the GGB Podcast, Rob Goldstein, the president of global gaming operations for Las Vegas Sands sits down to talk about how the...

Published February 3, 2014

Hill CEO Backs Curbs on High Street Bookies

With electronic table games spreading like mushrooms across British towns and cities, William Hill CEO Ralph Topping (l.) sees the political writing on the wall. The head of the...

Published February 3, 2014

Russia’s War on Illegal Gambling

Authorities in Russia have shut down tens of thousands of unlicensed gambling operations since a law went into effect four years ago banning the industry from the country’s major...

Published February 3, 2014

Dutch Court Says Poker a Game of Skill

Poker players and tournament organizers have won a major victory in the Netherlands with a ruling from a court in Amsterdam declaring the game to be a contest of...

Published February 3, 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

GLOBAL GAMING BUSINESS PODCAST: Joe Hasson, Vice President & General Manager, Graton Casino Resort, California

This week, the GGB Podcast features an interview with Joe Hasson, vice president and general manager of the Graton Casino Resort, in Rohnert Park, California, discussing the opening and...

Published January 27, 2014

Home Stretch

Gaming developers Mohegan Sun’s Mark Etess, Wynn Resorts’ Steve Wynn (l.) and MGM Resorts made final presentations last week to the Massachusetts Gaming Commission before the panel awards licenses...

Published January 27, 2014

Codere May Seek Shelter of Bankruptcy

With another loan payment coming due, Codere wants a better deal from bondholders and warns that it may file for creditor protection. The Spanish gaming giant is €1.1 billion...

Published January 27, 2014