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Daily News

Melco looking to plug premium player leak By Ben Blaschke Melco Resorts Chairman and CEO Lawrence Ho says that a recent management shake-up across the company’s Macau and Manila properties was aimed at stemming the loss of premium players to rival operators. Detailing the raft of changes, announced in January, during the company’s Ful...
Monday, 12 February 2018 06:55

Rich Goldman issues negative profit warning Macau junket investor Rich Goldman has issued a negative profit warning for the six months to 31 December 2017, informing investors that it expects the group to record a decrease in profit for the full year of more than 35% on the HK$39.8 million profit it announced 12 months earlier. In a filing t...
Monday, 12 February 2018 06:29

Steve Wynn relinquishes control of ex-wife’s 9.4% Wynn Resorts stake Wynn Resorts founder Steve Wynn has agreed to relinquish control of ex-wife Elaine Wynn’s 9.4% stake in the company in the wake of the sexual harassment allegations that saw him step down as Chairman and CEO last week. In a filing to the US Securities and Exchange Commission on Friday, Wynn Resor...
Monday, 12 February 2018 06:06

Myanmar set to introduce casino gaming Myanmar looks set to become the next Asian nation to introduce casino gaming after Union Minister for Hotels and Tourism, Ohn Maung, said the government would consider changing the law in an attempt to boost tourism. His comments came in response to a question by Mingaladon Constituency MP Aung Hla...
Monday, 12 February 2018 05:39

Silver Heritage announces key Tiger Palace appointments Silver Heritage Group has announced two key appointments at its Tiger Palace Resort Bhairahawa in Nepal, with Kevin Willcocks named General Manager – Casino and Brett Model the new General Manager – Hotel. Their arrival completes the property’s international recruitment with employee headcoun...
Monday, 12 February 2018 05:22

Wynn Macau announces pay rise for all non-senior staff Just a day after implementing a major reshuffle of its board following the resignation of Chairman and CEO Steve Wynn, Wynn Macau has announced a salary increase for almost 98% of its staff. The increase will see all employees earning MOP$16,000 (US$1,986) and below given a MOP$600 pay rise, equiva...
Friday, 09 February 2018 07:27

VIDEO: IAG Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week...
Friday, 09 February 2018 07:12

Melco Resorts revenue rises despite mixed Macau results Melco Resorts & Entertainment Limited saw its net revenue increase 17.8% in 2017 to US$5.3 billion, despite mixed results from its two key Macau properties in the three months to 31 December. Melco’s full year results included a 67% rise in operating income to US$607.6 million, up from US$3...
Friday, 09 February 2018 06:09

Tabcorp revenues rise as Tatts merger kicks in Australian gaming and racing giant Tabcorp reported an 18.7% increase in revenue for the six months to 31 December 2017 to AU$1.38 billion, bolstered by the recent completion of its merger with Tatts Group. The “business formerly run by Tatts Group” contributed AU$176.3 million in revenue for t...
Thursday, 08 February 2018 20:53

Japan’s Aruze unveils Lucky Roulette at ICE Japanese gaming machine manufacturer Aruze has unveiled its new Lucky Roulette wheel on the exhibition floor of ICE London this week ahead of the official product release in 2Q18. Lucky Roulette provides an innovative take on traditional roulette, adding 3D visuals around the wheel itself to enhanc...
Thursday, 08 February 2018 06:54

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