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Daily News

Macau books first annual revenue gain in three years in 2017 as December GGR grows 14.6% Macau’s gross gaming revenue rose by 19.1% year-on-year in 2017 to MOP$265.7 billion (US$33.2 billion), despite a slower than expected December that saw GGR come in below expectations. The full year increase represents the first time in three years that Macau has booked an annual revenue gain, wi...
Tuesday, 02 January 2018 05:52

Mainland Chinese package tours help November’s Macau visitation surge The number of visitors to Macau on package tours grew by 24.6% year-on-year in November 2017 to 917,000, according to figures from the Statistics and Census Service (DSEC). The increase included a 26.2% surge in package tour visitors from mainland China (744,000), while visitors from the Republic o...
Tuesday, 02 January 2018 05:29

Lawrence Ho resigns as Chairman of Summit Ascent Lawrence Ho has resigned as a director and Chairman of the board of casino operator Summit Ascent Holdings Ltd after selling his 17.37% stake last month. In a filing to the Hong Kong Stock Exchange, Summit Ascent said that Ho had stepped down from his roles as of 28 December 2017 “due to his cess...
Monday, 01 January 2018 15:56

Tiger Resort Asia Ltd files HK$136 million damages suit against Kazuo Okada Universal Entertainment Corporation’s wholly owned Hong Kong subsidiary Tiger Resort Asia Limited (TRA) has filed a damages suit against its former board member Kazuo Okada to the tune of HK$136.05 million. In an announcement, Universal revealed that it had filed the suit with the High Court of t...
Monday, 01 January 2018 15:11

Silver Heritage launches casino operations at Tiger Palace in Nepal Australian-listed casino operator Silver Heritage Group has been issued a long-awaited casino license for its new Tiger Palace Resort Bhairahawa in Nepal, with casino operations officially getting underway as of 28 December 2017. The license was granted to Silver Heritage’s Nepalese subsidiary, S...
Monday, 01 January 2018 07:13
Inside Asian Gaming announces 11th Asian Gaming Power 50 gala dinner on 23 November 2018 Following the success of 2017’s highly anticipated 10th anniversary IAG Asian Gaming Power 50 list of the most influential people in the Asian gaming industry, Inside Asian Gaming today announced that the 11th annual list, to be published in the December 2018 issue of IAG, will be unveiled at a b...
Wednesday, 20 December 2017 17:31

Silver Heritage eyeing casino operations by year’s end Australian-listed casino operator Silver Heritage Group says it expects to have casino operations at its new Tiger Palace Resort in Nepal up and running before the end of the year. In response to questions by Inside Asian Gaming about the progress of relevant license applications, a Silver Heritage...
Tuesday, 19 December 2017 06:15
IGT’s Sphinx 4D slot machine hits casino floors International Game Technology (IGT) has announced that its award-winning Sphinx 4D Video Slots are now live on casino floors across the United States and in select international markets. The Sphinx 4D game is the gaming industry’s first product to leverage mid-air haptic technology and bring an i...
Tuesday, 19 December 2017 06:03

Melco International increases Cyprus IR stake under new investment agreement Melco International Development has entered into a joint venture investment agreement with its partner in Cyprus, CPZ, that will see its stake in their integrated resort project increase to 75%. The agreement lays out the details for the development and operation of an integrated casino resort in L...
Tuesday, 19 December 2017 05:52

Asian Poker Tour announces revamped 2018 schedule The Asian Poker Tour (APT) has released its preliminary schedule for 2018, featuring a total of seven stops around the region including two events in Macau and stops in the Philippines, Korea and Vietnam. Although more stops are likely to be added at a later date, the current schedule kicks off in ...
Tuesday, 19 December 2017 05:07

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