Frederick H. August 28, 2015 10:49:36
Packer and Ho’s relationship started bumpy but the two became great friends. James Packer and Lawrence Ho have been working together and making gambling news for quite some time. The Nasdaq-listed joint venture Melco Crown Entertainment represents Packer and Ho’s partnership. In a recent interview Ho said that their relationship went through its share of […]
Petar July 22, 2015 03:28:55
The final stage before the opening of the Tiger de Cristal in Vladivostok is coming to an end: the conquering of the Asian market may begin A bunch of speculations concerning Tiger De Cristal, a landmark casino based in the easternmost part of the Russian Federation, have been written on the online gambling sites in […]
Phyllis F. January 29, 2015 13:39:44
Studio City casino in Macau will have a cinematic theme and will cost about $2.3 billion. Robert De Niro, Leonardo DiCaprio and Brad Pitt are rooting big time for Macau’s casinos. The Hollywood mega stars are being paid a whopping $13 million each, for their role in a new short film, to promote a new […]
Phyllis F. January 5, 2015 07:36:17
Losing streak among Macanese gambling moguls cause muddled speculations for 2015. Analysts are wondering what will become of the Macau Gambling industry in 2015 given the losing streak they’d had in 2014. Some feel there may be a 9% fall this year. Optimists foresee a 10 percent rise in revenues. In 2014, gambling revenues declined […]
Crown is seeing weak profits this fiscal year, and according to Kerry Packer it’s due to players simply winning too much. At a recent Crown Resorts shareholders’ meeting chairman James Packer was candid about the company’s poor performance during the new fiscal year. It has nothing to do with ballooning costs or the lack of […]
Monica E. July 8, 2014 12:59:45
If Japan decides to introduce casinos, the country’s gaming market could be worth as much as $40 billion a year. Wayne Duggan, author of Beating Wall Street with Common Sense and an investor owning shares of Melco Crown Entertainment, has good news for the Japanese market. In an article published by The Motley Fool, Duggan […]
Iva P. June 20, 2014 20:16:06
The gambling bill debate in Japan started officially this week and the initial plan was that gambling will be allowed in the country by the end of this summer legislative session on June 22nd, but all investors and casino lovers might have to wait a bit more. Naturally, investors were the most impatient actors, as […]
Toni June 4, 2014 18:26:26
Australian billionaire casino owner wants to enter Chinese market with film production firm RatPac Entertainment. James Packer has his eyes set on making a mark in China, with the intention of opening a film production company in the lucrative land. In order to achieve his new ambitions, Packer and his business partners are planning to […]
Premium mass-market gamblers are perfect for casinos because they wage large amounts without demanding comps from the house. Melco Crown, the Macau casino venture of Australian billionaire James Packer and local Lawrence Ho beat revenue estimates for the first-quarter of 2014, pulling in pre-tax revenue of $387.5 million. While Macau poker rooms and casinos are […]
Lawrence Ho sees Vladivostok as a potentially lucrative casino market, not least due to its proximity to millions of Chinese would-be casino gamblers. Macau casino magnate Lawrence Ho plans to increase his stake in a proposed Vladivostok casino project to 85 percent. Ho’s partner, Oleg Drozdov, currently owns 30 percent but has agreed to sell […]
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