Scientific Game

Daily News

Bankrupt developer cites “massive fraud” in US$2.25 billion Baha Mar lawsuit The original developer of Baha Mar Resort has filed a US$2.25 billion lawsuit against China Construction America (CCA) accusing the Chinese state-backed contractor of massive fraud which ultimately led to the project’s failure. As reported by Reuters, BML Properties Ltd, headed by Baha Mar founde...
Tuesday, 09 January 2018 04:45
Vietnam opens consulate office in Macau Vietnam the launched a consulate office in Macau. As reported by Vietnam News Agency, The Vietnamese Consulate General in Hong Kong and Macau held a ceremony on Friday to launch the consulate office with Trần Thanh Huân stating that the office aims to improve the safeguarding of rights of Vietnam...
Monday, 08 January 2018 06:52

National tax body calls for compulsory qualifying entrance fee in all Philippines casinos By Ben Blaschke The Philippines’ National Tax Research Center (NTRC) has called for the government to impose a casino qualifying fee of between Php500 and Php1,500 for entry to any of the country’s 54 casinos in order to deter gambling and raise funds for national projects. In a new research p...
Monday, 08 January 2018 06:38
Scientific Games completes NYX acquisition Scientific Games Corporation has announced that it has completed its acquisition of sports betting platform NYX Gaming Group Limited. In connection with the completion of the acquisition, the NYX ordinary shares are expected to be delisted from the TSX Venture Exchange on or before the close of bus...
Monday, 08 January 2018 04:20

MGM Cotai to feature HK$100 million worth of art MGM Cotai, the new Macau integrated resort due to open on 29 January, will feature an art collection worth HK$100 million and boasting more than 300 pieces including 28 Chinese imperial carpets from the Qing Dynasty. Details of one of MGM Cotai’s key attractions formed part of a weekend announcem...
Sunday, 07 January 2018 18:41

Okura at Resorts World Manila to open 4Q18 Travellers International Hotel Group, Inc. (TIHGI), owner and operator of Resorts World Manila (RWM), says it is targeting 4Q18 for the soft opening of its new Hotel Okura Manila. The news formed part of a Friday announcement by Travellers that it had formalized an agreement with Hotel Okura Co Ltd...
Sunday, 07 January 2018 13:21

Mark Brown steps down as Imperial Pacific Chairman By Ben Blaschke Gaming industry veteran Mark Brown is set to announce that he is stepping down as Chairman of Imperial Pacific International, effective immediately. According to a report in The Saipan Tribune, Brown has not returned to Saipan – home of IPI’s US$600 million Imperial Pacific Res...
Sunday, 07 January 2018 11:12

Star Entertainment completes HK$2 billion sale of Macau’s Lan Kwai Fong hotel and casino China Star Entertainment Limited has announced that it has completed the sale of Macau’s Hotel Lan Kwai Fong to former Legislative Assembly member and head of the Golden Dragon Group Chan Meng Kam for HK$2 billion. In a filing to the Hong Kong Stock Exchange, China Star said it was “pleased to ...
Friday, 05 January 2018 05:49

Okada Manila to help Philippines gaming outperform regional peers in 2018: report Gross gaming revenue in the Philippines is tipped to surge by 32% in 2018 to Php145.7 billion (US$2.9 billion), driven by a fully operational Okada Manila and favorable conditions according to financial services firm Morgan Stanley. In a new report looking at the state of the Philippines gaming mar...
Friday, 05 January 2018 05:28

Chinese-themed Las Vegas resort Lucky Dragon shuts down casino operations Lucky Dragon, the first Chinese-themed hotel and casino in Las Vegas, has temporarily shut down all casino and restaurant operations in what it says is part of a “repositioning” process. In a statement, Lucky Dragon said, “Effective immediately Lucky Dragon Hotel & Casino is beginning the...
Friday, 05 January 2018 04:51

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