Scientific Game

Daily News

Pagcor promises crackdown on government officials who gamble Philippine gaming regulator Pagcor has promised to actively enforce a provision in its Responsible Gaming Code of Practice that stipulates a Php100,000 (US$1,967) fine for any government official or employee found to have played in one of the country’s casinos. The warning followed a special even...
Thursday, 25 January 2018 18:40

MGM Cotai opening delayed until February MGM China has delayed the opening of its new Macau integrated resort, MGM Cotai, until February. In an announcement to the Hong Kong Stock Exchange on Thursday afternoon, the company said it was “undergoing the administrative approval process of obtaining relevant licenses to operate MGM Cotai. A...
Thursday, 25 January 2018 16:01

Venetian Macao drives strong 4Q17 performance for Sands China Ltd Sands China Ltd reported its highest mass gaming win in four years and highest property EBITDA since 3Q14 in the three months to 31 December 2017, the company said, driven by a strong performance by the Venetian Macao. Releasing its revenue results on Thursday morning local time, parent company La...
Thursday, 25 January 2018 06:35

Scientific Games expecting increased revenue, narrowed loss for 4Q17 International gaming giant Scientific Games Corporation says it expects a 9% year-on-year increase in consolidated revenue to between US$820 and US$825 million for the three months to 31 December 2017. The company released its preliminary fourth quarter results late Wednesday in advance of a poten...
Thursday, 25 January 2018 05:48

MGM Cotai receives 125 new gaming tables MGM China’s new Macau integrated resort, MGM Cotai, has been granted 125 new-to-market gaming tables, the government announced overnight, including an initial allocation of 100 tables for its planned opening next Monday 29 January. The allocation, revealed by Secretary for Economy and Finance Lio...
Thursday, 25 January 2018 05:22

Gabe Hunterton out at City of Dreams as Melco shuffles senior executive team Melco Resorts & Entertainment Limited has announced a major corporate reshuffle of its flagship properties in Macau and Manila that has resulted in the sudden departure of City of Dreams Property President Gabe Hunterton. Hunterton will be replaced by current Studio City Property President Davi...
Wednesday, 24 January 2018 20:43

Macau December visitation hits three year high Macau attracted the highest number of visitor arrivals in more than three years in December, with 3,053,690 people arriving throughout the month according to latest figures from the Statistics and Census Service (DSEC). The figure, the highest since August 2014, represented an 8.5% year-on-year inc...
Wednesday, 24 January 2018 07:09

European Union removes Macau from tax haven blacklist Macau has been removed from a European Union blacklist which had previously named the Asian gaming hub as a tax avoidance haven. The EU announced in December a list of 17 nations it considered to be “non-cooperative taxation jurisdictions” based on three key factors – tax transparency, fair t...
Wednesday, 24 January 2018 06:59

Success Dragon major shareholder jumps ship A major shareholder of Macau gaming service provider Success Dragon International Holdings Limited has offloaded his entire 24.29% stake in the company. In a filing to the Hong Kong Stock Exchange, Success Dragon revealed that Shanghao Limited, which is wholly owned by Tsang Ho Kwan, had notified t...
Wednesday, 24 January 2018 06:49

Macau luxury hotel The 13 delays opening date yet again By Ben Blaschke Beleaguered Macau hotel The 13 has delayed its opening once again, with the planned 31 March launch date pushed back another month to 30 April 2018 due to delays related to a valuation assessment. The news formed part of the latest update by The 13 Holdings Ltd, filed with the Hong...
Wednesday, 24 January 2018 06:28

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