Articles About Genting

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Do New Las Vegas Gambling Resorts Signpost Market Optimism?

Do New Las Vegas Gambling Resorts Signpost Market Optimism?

Nich Moore June 25, 2021 13:55:13

Resorts World opening up their new Las Vegas property now is one of two things. It’s either a savvy and profitable business move….or a desperate disaster they ought to have seen coming. Time will tell. Some might argue that Las Vegas gambling resorts are already too numerous. It is no longer one of few options. Casinos are commonplace in the US now. Plus of course one can so easily gamble at home with online betting sites in the US like Bovada. So why take the risk?

Genting Group Stays Strong Amidst General Decline on Asian Gambling Market

Genting Group Stays Strong Amidst General Decline on Asian Gambling Market

Alex Nevsky November 17, 2014 20:37:08

Genting continues to stay strong despite a general decline on the Asian gambling market. Singapore gaming sector is in distress, and recent figures from Genting Group, operating under Singaporean gambling laws, confirm this. Gaming industry has always been quite resilient even in times of global recession, offering quite attractive investment options, but unfortunately it seems […]

Singapore’s Gambling Industry Takes A Dive

Singapore’s Gambling Industry Takes A Dive

Nich Moore November 6, 2014 14:00:08

Singapore’s casinos are suffering a decline in earnings due to the slump in Chinese visitors, with their European and Northern American replacements not as willing to gamble. The over saturation of the casino market in the US has produced a kind of arms race amongst operators to provide more and more additional attractions with which […]

Anti-Gambling Blitz in Malaysia Ends with 2% Success Rate

Anti-Gambling Blitz in Malaysia Ends with 2% Success Rate

Monica E. November 5, 2014 13:57:25

State contingents and local councils are working together to wipe out illegal gambling in Malaysia. Malaysia is known for a lot of things around the world, including its illegal gambling rings. Local gambling news are regularly reporting on police raids and new campaigns to crack down on illegal betting groups, but somehow they keep proliferating. […]

The Secret to Singapore’s Casino Gambling Success

The Secret to Singapore’s Casino Gambling Success

October 22, 2014 19:05:01

Singapore has a smaller gambling market than Macau or Las Vegas but it’s casinos see higher profit margins. Why? A diverse business model. The global casino industry is usually thought of as a tale of two cities: Macau and Las Vegas. Vegas has the near-century of tradition and an army of casino executives with the […]

New York to Pick Casino License Winners Soon

New York to Pick Casino License Winners Soon

Monica E. September 4, 2014 21:03:23

New York Governor Andrew Cuomo is under pressure to pick the best out of 16 bids for the state’s four new casinos. With American gambling laws leaving it up to state authorities to decide whether they allow gambling venues or not, Cuomo is in charge of the board that’s supposed to decide who gets to […]

Genting Group Pursuing Casino License in New York

Genting Group Pursuing Casino License in New York

Toni August 8, 2014 13:18:52

Malaysian gaming company Genting focuses efforts to the North-East of the US as the firm explores the possibility of entering the New York market. According to gambling news, Genting has so far made their intentions serious after filing two license applications with gaming officials from “The Big Apple.” The state has made increased efforts to […]

Genting BHD Plans Expansion into Spain after Great Results in Hong Kong Casino

Genting BHD Plans Expansion into Spain after Great Results in Hong Kong Casino

Toni July 28, 2014 13:15:39

Hong Kong division of the popular casino group records massive earnings, propelling the parent company to invest in other territories. In the first half of 2014, Genting Hong Kong posted a staggering $180 million profit. This figure marks a Substantial increase from the same time a year before, when results showed profits of only $23 […]

Global Gambling’s Focus Moves East

Global Gambling’s Focus Moves East

Nich Moore June 26, 2014 17:27:36

From Hong Kong to Singapore, from Vietnam to Malaysia nations across the Asian Pacific region are gearing up for the fierce competition ahead in the global gambling market. When Macau overtook Las Vegas as the largest gambling hub in the world back in 2013 the writing was on the wall. An inevitable shift of gambling’s […]

What a Miami MLS Franchise Means for Waterfront Casino Plans

What a Miami MLS Franchise Means for Waterfront Casino Plans

March 25, 2014 17:27:54

Casino execs have itching for a piece of the action in Miami, and David Beckham may have just made their lives a bit more difficult. A motley crew of casino execs including Sheldon Adelson of Las Vegas Sands, Steve Wynn of Wynn Resorts and Tan Sri Lim Kok Thay of Genting have set their eyes […]

The Black Market for Online Casinos in Malaysia

The Black Market for Online Casinos in Malaysia

March 20, 2014 14:24:56

Despite a broad and aggressive crackdown on illegal gambling operations, the use of licensed online casinos remains prevalent. The Malaysian government is openly hostile to gambling, with the Genting Resort Casino being the only licensed brick-and-mortar casino in the country and Muslims (the majority of the population) being banned from gambling altogether. But rather than […]

The Yen Fight: Sands Will Spend as Much as it Takes in Japan

The Yen Fight: Sands Will Spend as Much as it Takes in Japan

Monica E. February 26, 2014 16:08:16

Japan’s potential casino industry is luring major investors and Las Vegas Sands is willing to spend $10 million on a new resort. Over the past decade, Asia has been the centre of attention in international gambling news. While casinos in the US are losing customers, Asia’s land-based venues are becoming increasingly popular among gamblers world-wide. […]

Vietnam Mulls Easing Gambling Restrictions

Vietnam Mulls Easing Gambling Restrictions

Jennifer W. February 18, 2014 14:06:50

Government considering allowing locals into casinos for the first time. The Vietnamese government is seriously considering relaxing restrictions on gambling as a means to promote tourism and increase employment and tax revenue. Under current Vietnamese gambling laws only a handful of casinos can legally operate and can only serve tourists. Citizens are barred from gambling, […]

How You Can Legally Play at Online Casinos in Malaysia

How You Can Legally Play at Online Casinos in Malaysia

Monica E. February 17, 2014 14:10:20

While the Islamic majority of the population is forbidden from gambling, online casinos are still legal for non-Muslims. Malaysia doesn’t welcome online casino operators, but that doesn’t mean that players living in the country can’t enjoy a good game of virtual roulette or poker from the comfort of their own homes. Internet gambling is actually […]

Casino Operators in the USA Declare War to Disney in Florida

Casino Operators in the USA Declare War to Disney in Florida

Iva P. February 13, 2014 15:37:44

American Billionaire Sheldon Adelson, chairman and CEO of Las Vegas Sands, opens fire against Walt Disney Co. by sending more than 100 lobbyists to the Capitol in an attempt to bring Las Vegas gambling to Florida. Walt Disney Co., which operates some of the largest amusement parks and resorts, having one of their most famous […]

Filipino Gambling Market to Grow in 2014

Filipino Gambling Market to Grow in 2014

Monica E. January 15, 2014 18:31:40

Industry experts believe the Filipino gambling market will be growing in the following years. The Asian gambling market has seen significant growth during the past few years. Macau’s casinos are proving to be incredibly profitable, with total revenues reaching $38 billion in 2013, while Singapore made a modest $6 billion. Recent gambling news report the […]

Genting Says SuperFast Cruises Are Doomed Without Foreign Labor

Genting Says SuperFast Cruises Are Doomed Without Foreign Labor

Tom S. January 3, 2014 16:51:06

Genting’s casino ferry cruising between Miami and Bimini might not be as profitable as expected. American gambling laws are standing in the way of Malaysian casino developer Genting’s profits. At the end of November, the US government banned the company’s overnight gambling cruises due to employee visa issues and now the casino developer says it’s […]