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

Rich Get Richer on Macau

The gaming boom has added billions to the net worth of several well-known people who own a piece of it. Forbes’ latest list ranks Galaxy Entertainment Chairman Lui Che...

Published January 20, 2014

Casino Talk Proves Cheap in Malaysia

Property giant Berjaya denies any interest in a casino for a resort it plans to build in the Malaysian state of Johor on the border with Singapore. The state’s...

Published January 20, 2014

PAGCOR Bullish on 2014

The Philippines’ state-owned gaming operator looks to be falling short of its revenue forecast for 2013 but is expecting better days in 2014. Increases in gaming revenues, coupled with...

Published January 20, 2014

Hengqin Ramps Up for Chinese New Year

Hengqin Island’s first hotel opens this month as the largest in China, and will be joined by a theme park and circus. The attractions will boost visitation to Macau,...

Published January 20, 2014

First Jersey iGaming Revenue Report Issued

The first report of iGaming revenue in New Jersey was issued this week. The numbers were far below Governor Chris Christie’s estimate and slightly lower than the consensus of...

Published January 20, 2014

Genting Launches New Florida Strategy

Genting Resorts World announced plans for a slots-only casino at the former Miami Herald property it bought in 2011. Malaysia-based Genting would partner with Gulfstream Park racetrack (l.) and...

Published January 13, 2014

GLOBAL GAMING BUSINESS PODCAST: Anna Sainsbury, President, GeoComply

This week, the GGB Podcast features a discussion with Anna Sainsbury, the president of the geolocation company GeoComply, on her firm’s experience with the regulatory process in New Jersey.

Published January 13, 2014

Labor Declares War on FOBTs

Britain’s Labor Party has joined the Liberal Democrats in calling for restrictions on the spread of electronic table games in betting shops. The move is turning up the political...

Published January 13, 2014

Codere Buys Time as Debt Mounts

Creditors have allowed Spanish gaming giant Codere to miss a loan payment as negotiations continue to fix the company’s finances and pay down more than €1 billion of debt....

Published January 13, 2014

Hope Fades for Taipei Casinos

A legislative panel in Taiwan has all but shot down the possibility of casinos on the main island. At the same time, enabling legislation to bring gaming to the...

Published January 13, 2014

In Vietnam, New Hotel, Bigger Casino

An Australian investor in a casino in northern Vietnam has agreed to buy a controlling share of the Lao Cai International Hotel (l.) and remodel and expand the hotel....

Published January 13, 2014

Malaysia State Off Limits, Leader Says

Berjaya Assets, a major Malaysian property developer announced plans for a luxury resort in the state of Johor that could include a casino. Only they didn’t bother to tell...

Published January 13, 2014

Locals Barred From Goa’s Casinos

Goa’s chief minister, Manohar Parrikar (l.), is anxious to burnish his anti-casino credentials in response to the rise of a new national political party whose populist agenda has the...

Published January 13, 2014

Viet Court Will Review $55 Million Slot Glitch

A gambler who won $55 million at a malfunctioning slot machine in Vietnam says he’s entitled to the money. A lower court, amazingly, agreed. Fortunately for the casino a...

Published January 13, 2014

Penalties on the Way for Smoky Casinos

The Macau government is taking away portions of the smoking areas from 14 casinos that failed two air-quality tests. The size of the reductions will be announced later this...

Published January 13, 2014

Investors Cheer China Lottery Boom

The Chinese government has big plans for growing its $43 billion lottery market. That’s good news for the share prices of the companies, some of them foreign, that are...

Published January 13, 2014

Macau Books $45 Billion in 2013

Macau’s casino boom hit a new height in 2013, posting $45 billion in gaming revenue on the strength of increased visitation from China and steadily expanding rail and air...

Published January 6, 2014

GLOBAL GAMING BUSINESS PODCAST: Mike Eide, CFO/COO, Dotty’s

This week, the GGB Podcast sits down with Mike Eide, the CFO and COO for Dotty’s, on how the company has built an empire of small unique gaming taverns...

Published January 6, 2014