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Daily News

Donaco expecting AU$144 million impairment on Star Vegas casino license Australian-listed Donaco International Ltd has estimated an impairment on the casino license of its Star Vegas property in Cambodia of around AU$144 million due to breaches of an agreement with its former vendor. In a filing to the Australian Securities Exchange ahead of the release of the companyâ...
Tuesday, 13 February 2018 19:53

Wynn Resorts to expand board following Steve Wynn resignation Wynn Resorts Ltd has announced that it will add additional directors to the board following the departure of former Chairman and CEO Steve Wynn. In a filing to the US Securities and Exchange Commission, the company revealed that “the Nominating and Corporate Governance Committee will commence a p...
Tuesday, 13 February 2018 19:21

TGG boosts Asian VIP reach with “Fish Hunter” debut at ICE Takara Gaming Group (TGG) has lauded the success of its world first Chinese shooting game “Fish Hunter” after showcasing it to the world at ICE Totally Gaming in London last week. “Fish Hunter” is a real-time fish shooting simulation game with a range of bonus features that has captured the...
Tuesday, 13 February 2018 14:15

Tak Chun launches new Macau VIP club at Four Seasons Tak Chun Group has launched a new VIP club at Four Seasons, The Plaza Macao, the Macau junket operator’s 15th venue. The new operation opened for business on Tuesday – the same day as nearby MGM Cotai welcomed its first customers – with Tak Chun Four Seasons to hold its Grand Opening Ceremony...
Tuesday, 13 February 2018 13:54

Silver Heritage Group refutes illegal foreign worker claims Australian-listed Silver Heritage Group Ltd has denied a report by local Nepalese news outlet My Republica claiming the company has employed five foreign senior management staff illegally at recently opened Tiger Palace Resort Bhairahawa. The report, published on Monday, claims that the foreign emp...
Tuesday, 13 February 2018 07:26

VIDEO: MGM Cotai to open today MGM Macau’s long-awaited Cotai integrated resort, MGM Cotai, will finally open its doors to the public today. The US$3.4 billion resort, which has suffered a series of delays in the wake of the devastating Typhon Hato which struck Macau on 23 August 2017, will hold a pr...
Tuesday, 13 February 2018 06:53

Regulators among speaker line-up for Sports Betting East Africa Summit Organizer Eventus International has unveiled a line-up of more than 30 speakers from the gaming and tech industries that will feature at April’s fourth annual Sports Betting East Africa Summit. The speakers also include a number of local regulators, among them Anthony Kimani Kung’u, Chairman of...
Tuesday, 13 February 2018 06:38

Melco’s Studio City granted Macau development period extension Melco Resorts and Entertainment Ltd has been granted an extension by the Macau government of the development period for expansion of its Macau integrated resort Studio City under the property’s land concession contract. The extension, announced late Monday, sees the development period for the lan...
Tuesday, 13 February 2018 05:28

Regulatory pressure hurts Korea’s Kangwon Land as revenue falls Kangwon Land, the only casino in South Korea in which locals are allowed to gamble, saw its gaming revenue fall by 6.0% year-on-year to KRW1.52 trillion (US$1.4 billion) in 2017 amid regulatory pressure that led to a reduction in operational gaming tables. The figures, released on Monday, included ...
Tuesday, 13 February 2018 05:05

Vietnam IR to boost Suncity’s bid for seventh Macau casino license The launch of Macau junket operator Suncity’s new Vietnam integrated resort, Hoiana, in 2019 will likely put them in a strong position to bid for Macau’s seventh casino license should the government opt to award one, according to Macau-based analyst Grant Govertsen. In a Monday note outlining t...
Monday, 12 February 2018 13:07

What's new

Steve Wynn evicted, given no compensation under Wynn Resorts separation agreement

Steve Wynn evicted, given no compensation under Wynn Resorts separation agreement Wynn Resorts co-founder Steve Wynn will receive no compensation and has less than four months to vacate his personal residence at Wynn Las Vegas under the terms of his separation agreement, the company has revealed. Details of the formal agreement between Wynn Resorts and its former Chairman were d... Monday, 19 February 2018 14:00

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump Japan’s Universal Entertainment Corporation has recorded a net loss of ¥13.43 billion (US$125.4 million) for the nine months to 31 December 2017, a significant decline from its previously announced forecast due to construction expenses at Okada Manila, sluggish pachinko and pachislot sales and on... Thursday, 15 February 2018 06:48

Kenneth Rosevear retires from MGM China board

Kenneth Rosevear retires from MGM China board MGM China has announced the resignation of Kenneth Rosevear as a non-Executive Director. Rosevear steps down from the role just a day after the launch of the company’s new Macau integrated resort, MGM Cotai, which opened with a lavish ceremony on Tuesday. MGM said that Rosevear’s departure was... Thursday, 15 February 2018 06:47

Parisian Macao hits five billion social media impressions

Parisian Macao hits five billion social media impressions Sands China’s newest Macau integrated resort, The Parisian Macao, has attracted more than five billion impressions since opening in September 2016. The milestone was revealed by Chairman and CEO Sheldon Adelson in a filing to the Hong Kong Stock Exchange overnight outlining Sands China’s finan... Thursday, 15 February 2018 06:27

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52