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Daily News

Wakayama governor addresses community concerns at special IR symposium The governor of Japan’s Wakayama Prefecture, Yoshinobu Nisaka, has told local citizens that the strength of the country’s problem gambling bill and the central government’s ability to develop effective programs will determine whether foreign operators are invited to develop an integrated resor...
Thursday, 18 January 2018 05:01

Wynn Macau dealer steals HK$48 million of casino chips A 49-year old casino dealer stole gaming chips with a face value of almost HK$48 million from a VIP room at Wynn Macau before escaping through the main entrance, authorities have revealed. Macau’s Gaming Inspection and Coordination Bureau and Judiciary Police both confirmed the theft on Wednesda...
Thursday, 18 January 2018 04:25

MGM proposes US$22 billion REIT merger The real estate arm of MGM Resorts, MGM Growth Properties (MGP), has sent a letter to the CEO and the Chairman of the Board of Directors of VICI Properties Inc proposing to acquire 100% of VICI’s outstanding common stock for US$19.50 per share. In a press release, MGP said that the proposal –...
Wednesday, 17 January 2018 06:45

Macau’s mass market soars in 4Q17 Official gross gaming revenue figures released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) have revealed that mass market revenue grew by 17.1% year-on-year in the fourth quarter of 2017 to MOP$31.7 billion (US$3.9 billion), a result that Union Gaming analyst Grant Govertsen descri...
Wednesday, 17 January 2018 06:24

China welfare lottery sales up 5.1% in 2017 China’s welfare lottery sales grew 5.1% in 2017 to RMB217 billion (US$33.6 billion). According to the Welfare Lottery Distribution and Management Center, which is managed by the Ministry of Civil Affairs, the lottery raised more than RMB62 billion for public welfare funds last year, state news ag...
Wednesday, 17 January 2018 06:01

Lower-tier Chinese cities to drive Macau growth Macau is set to become one of the major beneficiaries of the rise of China’s lower-tier cities, which contributed more than half of the 20 million Chinese visitors to Asia’s gaming hub in 2017, according to a new research report by Morgan Stanley. Examining consumption trends of China’s non-...
Wednesday, 17 January 2018 05:44

Ourgame spends big on Chinese mobile game acquisitions Chinese gaming giant Ourgame Holdings Ltd has embarked on a spending spree that will see it acquire three mainland China-based companies engaged in the development of mobile gaming products. In a series of filings to the Hong Kong Stock Exchange overnight, Ourgame announced that its wholly-owned su...
Wednesday, 17 January 2018 05:18

Melco wins three awards at the BMW Hotelier Awards 2017 Melco Resorts & Entertainment Limited has won three Hotelier of the Year for 2017 awards at the prestigious BMW Hotelier Awards, an annual award presentation highly anticipated by the hospitality sector. The awards aim to recognize outstanding individuals’ professional excellence across the i...
Tuesday, 16 January 2018 06:27

MGM and CTM introduce cloud data backup service for local SMEs MGM China and Macau telecom service provider CTM have announced the development of a cloud data backup service for local small and medium-sized enterprises (SMEs) impacted by Typhoon Hato.  In a Monday press release, MGM said it has has sponsored over 70 local SME vendors through its SME Relief ...
Tuesday, 16 January 2018 06:22

Macau hotel prices soared in 2017: government Rising hotel prices contributed to Macau’s Tourist Price Index (TPI) rising by 0.77% in 2017 to 131.87 – the first annual increase after two years of decline. According to information released by the Statistics and Census Service (DSEC), charges for hotel accommodation, restaurant services and ...
Tuesday, 16 January 2018 06:15

What's new

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

Sega Sammy shares sale sees shuffle of stakeholders

Sega Sammy shares sale sees shuffle of stakeholders Sega Sammy Holdings Inc’s Chairman, CEO and largest shareholder, Hajime Satomi, has sold off 74% of his stake in the company to an asset management firm controlled by he and his family. The sale of 23,558,000 shares to HS Company represents 10.12% of Sega Sammy’s issued share capital and has re... Thursday, 15 February 2018 06:02

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