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 […]
Phyllis F. January 6, 2015 08:54:01
Following the plunge in revenues, Melco Crown may quit the HK stock exchange. The gambling enclave lost almost $100 billion of market value during the Chinese government’s clampdown on corruption. With revenues falling to 30.4% in December, 2013 ended badly for the gaming industry in Macau. This was the seventh month in a row where […]
Monica E. October 8, 2014 17:01:12
Universal Entertainment said it would be ready to open its $2 billion casino-resort along Manila Bay by 2015, but the project might be delayed. Last month, Universal’s affiliate Tiger Resorts Leisure and Entertainment announced that the first phase of its casino project may not be ready before 2016. The Philippine Amusement and Gaming Corp (PAGCOR) […]
Monica E. July 31, 2014 22:08:59
The reports for the second quarter of this financial year are not very optimistic for the world’s largest gambling destination. When Macau reported June’s year-on-year gaming revenue decline, investors said there was nothing to worry about. In fact, they said this was the bottom and predicted that the industry would make a fast recovery. But […]
Monica E. June 27, 2014 18:23:40
Officials felt a new set of regulations was needed to better control the cash flow in the world’s largest gambling hub. Luxury casinos and hotels, special tables for high-rollers and everything a true gambler’s heart could desire. Over the past few years, Macau has drawn a record number of players from all over the world […]
Tom S. May 12, 2014 15:20:02
2014 may not turn out to be the best year for Macau’s casino operators as they look to capitalise on a strong 2013. While growth in the industry itself remains strong, the share prices of a Macau’s major players all took a nosedive as the Chinese and Macanese authorities clamped down on potential money laundering. […]
Alex Nevsky May 9, 2014 15:28:28
Wynn Resorts have revealed their 2014 Q1 financial figures causing their share prices to skyrocket. While casinos are certainly home to gambling activity in the most direct meaning, stock market play with the stocks of casino companies provides a healthy alternative to those in the know. Wynn Resorts is enjoying great times when their stock […]
Iva P. April 4, 2014 14:08:44
Casinos in Macau are flourishing and making fantastic revenues in the world’s number one gambling hub. Macau’s gambling revenue for March was $4.44 billion, which is 13% higher than the same time last year. This was the reason why the stocks of various casinos like Wynn Resorts, Las Vegas Sands and Melco Crown Entertainment went […]
Alex Nevsky March 5, 2014 16:23:45
Macau casinos are trying to break away from their long-term partners, junket companies, in order to maximize profits. It seems that all big Macau casinos are still going after the VIP buck, but they now try to pursue the high-rollers outside the junket systems. Let’s take a look at the history and understand the latest […]
Iva P. February 24, 2014 16:00:27
Junket operators in Macau are having hard time at the moment, as casino giants are trying to do all the work by themselves, and avoid paying the middlemen commissions. Macau gambling had provoked disagreements in the past, which were resolved in violent gun fights and unfortunately currently there is a conflict of interests again, which […]
Monica E. January 30, 2014 11:51:38
While 2013 was a slow year for gambling, PAGCOR is expecting higher revenues this year. The Philippine Amusement and Gaming Corporation (PAGCOR) has published its final figures for 2013 and the results are disappointing. The state-run gambling company and regulator has earned PHP 40.52 billion in 2013 and while this makes it the country’s third […]
Monica E. January 17, 2014 18:07:24
City of Dreams Manila is expected to bring in significant profits for the Filipino state. The Asian gambling market is continuing to develop, with several new casino projects expected to be implemented this year. Basing its calculations on projections of increased gambling revenues and regulatory fees, the Philippine Amusement and Gaming Corporation (PAGCOR) is estimating […]
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 […]
Alex Nevsky October 7, 2013 12:30:08
Japanese Government Releases First Glimpses into Potential Gambling Regulations Due to go Before Parliament
AI S. September 13, 2012 12:17:22
Melco Crown Entertainment, Belle Corp and SM Investments Corp continue talks on Belle Grande casino
AI S. September 11, 2012 16:37:41
Melco Crown project put on hold as Macau government didn’t yet authorize building a casino in Macao Studio City project.
AI S. September 10, 2012 10:18:27
Macau's gambling industry closes extremely well in August, further growth and investments are expected.
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