Tag: Gaming
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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 ... -
Editorial | Uncle Stanley
Stanley Ho has been a household name in Macau and East Asia for seven decades. His trade: gambling, although, as the legend goes, he never gambled ... -
Larger than life; the passing of a legend
At 98-years, Stanley Ho passed away in Hong Kong yesterday, not living long enough to see the opening of the last property of the empire he ... -
Stanley Ho, the ‘King of Gambling’ dies at 98
Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men, died on ... -
‘Step-down is according to the original plan,’ gaming inspection chief says
The step-down from the post of director of the Gaming Inspection and Coordination Bureau (DICJ) by Paulo Martins Chan was expected and done according to the ... -
Grant Bowie resigns from MGM China top posts
MGM China has announced today (Monday) that Grant Bowie will retire from the position of Chief Executive Officer, effective May 31. In a filing with the ... -
Las Vegas | Adelson’s casinos stay open in city divided over virus
MGM Resorts International and Wynn Resorts Ltd. both announced over the weekend that they were closing their Las Vegas casinos until the coronavirus threat passes. But ... -
Macau gaming revenue suffers record plunge from virus blow
Casinos in Macau reported a record drop in gaming revenue, as they grappled with the cost of closing down their businesses for 15 days to help ... -
Gaming | Epidemic outbreak the ‘most difficult’ time in a decade
The gaming industry is expected to enter a “difficult time” if travel restrictions among tourists from mainland China persist, according to Sands China President Wilfred Wong. ... -
29 Macau casinos to reopen at midnight
Twenty-nine Macau casinos will reopen at midnight, the government confirmed earlier, while a further 12 will make use of the extension period offered by the Secretary ...
