Tag: Gaming
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Gaming | Committee on track to complete law analysis before ‘deadline’
The Second Standing Committee of the Legislative Assembly (AL) has been meeting daily, aiming to finish its discussion of the new gaming law. According to sources ... -
Gaming | Wynn seeing pent-up demand ‘at all levels of business’
The only measure by which to judge the impact of the disappearance of junket operators is activity over the Chinese New Year holiday, during which Wynn ... -
Gaming | Committee: Stipulation on concessionaires ownership of casinos ‘not new’
The requirement that gambling concessionaires need to operate in venues they own “is not a new introduction,” lawmaker Chan Chak Mo, president of the parliament’s Second ... -
Post CNY gaming revenue surge driven by strong visitation
Macau’s gross gambling revenue (GGR) post Lunar New Year has hit the highest daily revenue figure since the Golden Week holiday in May 2021, according to ... -
Gaming | Union calls for US investigation into Suncity’s relationship with gaming operators
Local 501, a U.S.-based union, is calling for a coordinated U.S. federal investigation into the gambling junket operator Suncity Group and its historical relationships with U.S. ... -
LVS terminates agreement with three primary gaming promoters
Las Vegas Sands has confirmed that it has terminated its contracts with three gaming promoters as of December 2021. In its annual report, the parent company ... -
Gaming | Long-awaited amendment rolls out ‘over promised, under delivered’
A long-awaited decision by casino executives arrived “over promised and under delivered” on Friday, four months after it was announced that a gaming law amendment would be ... -
Gaming Law: Number of concessions limited to six, lasting 10 years
The Macau authorities today (Friday) revealed the amendments to the gaming law stipulating a maximum of six concessions, and the duration of the concession capped at ... -
Gaming | JP Morgan: Covid-19 no longer affecting casino stocks
Brokerage JP Morgan has upgraded gaming operators Sands China, Wynn Macau and MGM’s risk/reward potential overweight, noting that the ongoing Covid-19 crisis is for the most ... -
Gaming Law | Gov’t considers awarding concessions based on ‘quality not quantity’
A report on the public consultation on the amendment to the gaming law has revealed that most participants “agree with the general direction of the consultation document,” ... -
Breaking News: Macau’s GGR increases less than expected in April
Macau’s gaming revenue rose less than analysts expected in April, the third straight month that the casino business disappointed as the gambling hub awaits the reopening ... -
Breaking News: Las Vegas Sands sells its properties in USD6.25b deal
Las Vegas Sands Corp. (LVS) today (Wednesday) announced that it has entered into definitive agreements to sell its Las Vegas real property and operations, including The ... -
Gaming | Lawrence Ho predicts Macau recovery in second quarter
The gaming sector could begin showing signs of recovery as early as mid-March, said Lawrence Ho, chairman and CEO of Melco Resorts and Entertainment in a ... -
Gaming | MGM records 78% revenue drop in 2020
MGM China saw revenue fall by 78% to approximately HKD5.1 billion in 2020, with a negative adjusted EBITDA of approximately HKD1.4 billion, the gaming operator announced ... -
Breaking News: China to ‘crack down’ on cross-border gambling; warns against online betting during CNY
Mainland Chinese authorities have urged Chinese nationals who are involved in cross-border gambling activities to turn themselves in, according to a notice co-drafted by the Supreme ... -
Macau’s GGR up 2.6% in January on premium mass, luck volatility: experts
Macau’s gross gaming revenue (GGR) advanced 2.6% in January this year, month-to-month, to MOP8.02 billion, the Gaming Inspection and Coordination Bureau (DICJ) released the city’s up-to-date ... -
Gaming | Las Vegas Sands hands reins to Robert Goldstein after Adelson’s death
Las Vegas Sands Corp. named acting Chief Executive Officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson, founder of the casino empire.Goldstein, 65, ... -
Billionaire right-wing patron Adelson buried in Jerusalem
Sheldon Adelson, the billionaire casino magnate who made prolific donations to right-wing politicians and causes in the United States and Israel, was laid to rest in ... -
Sheldon Adelson passes away at 87
Casino magnate Sheldon Adelson has passed away at 87 after battling with lymphoma. The Las Vegas convention visionary and philanthropist spearheaded a major project to bring ... -
Casinos end their worst year with little sign of recovery
Macau casinos ended their worst year on record with little sign of progress in a recovery, though hopes remain for a rebound in the world’s largest ... -
MGM Growth interested in buying the Venetian Casino in Vegas
MGM Growth Properties LLC is willing to acquire a big Las Vegas Strip casino such as the Venetian – which Las Vegas Sands Corp. recently put ... -
Adelson’s Las Vegas Sands exploring $6 billion sale of Vegas casinos
Sheldon Adelson is considering the unthinkable: selling his Las Vegas casinos. After decades as one of the biggest magnates on the Strip – presiding over properties ... -
The upside in Crown Sydney ‘was from the international VIP business’: Packer
Crown Resorts Ltd.’s billionaire shareholder James Packer today (Thursday) acknowledged he knew that junket operations in Australian casinos were vulnerable to money laundering, and that there ... -
Billionaire Packer says he didn’t consider Stanley Ho ban in Melco deal
Crown Resorts Ltd.’s billionaire shareholder James Packer pushed for a tie-up last year between Australia’s biggest casino operator and Hong Kong-based Melco Resorts & Entertainment Ltd. ... -
Little sign of recovery as gaming revenue falls 90% in Sept
Macau gaming revenue showed little sign of improvement, notching a sixth straight month of declines of at least 90%, as a gradual relaxation of travel and visa curbs ... -
LVS, bank agree on halt to dividends
U.S.-based casino operator Las Vegas Sands (LVS) has made an agreement with a Canadian bank not to declare or pay any dividends until the casino operator’s ... -
Macau’s gaming revenue falls 94.5% as visa ban thwarts recovery
Macau gaming revenue plunged by more than 90% for a fourth straight month, as China’s ban on tourist visas continued to deprive the gambling hub of ... -
Casino shares jump after China lifts quarantine rules for Macau
Shares of Las Vegas Sands Corp., Wynn Resorts Ltd. and other global casino companies rallied today (Monday) after prospects brightened for Macau, the world’s largest gambling ... -
Late King of Gambling Stanley Ho draws tributes from Xi Jinping, Hong Kong bigwigs
Hong Kong’s biggest names came out to say goodbye to Stanley Ho, the King of Gambling, marking the end of an era. But the most powerful ... -
Macau officials quarantined after attending Stanley Ho funeral in Hong Kong
Edmund Ho, Vice-Chairman of the Chinese People’s Political Consultative Conference, and Lei Wai Nong, Secretary for Economy and Finance, will both be undergoing mandatory quarantine for ... -
Personalities, top officials gather for Stanley Ho funeral
Macau’s Secretary for Economy and Finance Lei Wai Nong and former Chief Executive Edmund Ho were among the Macau delegation attending the vigil for casino legend ... -
June gaming revenue to show another deep plunge
Macau casinos’ June gaming revenue is expected to plunge by more than 90% for the third straight month, as China’s border curbs imposed during the coronavirus ... -
Gaming | Suncity’s Hoiana project open for preview Sunday
The Hoiana integrated resort project is set to open for preview on Sunday. Dubbed Vietnam’s first integrated resort, the project is partly owned by the Hong ... -
Melco suspends and revamps House of Dancing Water show
Melco Resorts & Entertainment announced its House of Dancing Water show at the City of Dreams Cotai property will be suspended starting from today (Thursday) to January ... -
Death of King of Gambling gives empire reins to daughter Pansy
About an hour after the death of Stanley Ho, the billionaire who built the Chinese territory of Macau into the world’s biggest gambling hub, his large ...
