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Daily News

Macau court rules concessionaire’s junket list no matter of secrecy Macau’s Court of Appeal has ordered the local gaming watchdog, the DICJ (Gaming Inspection and Coordination Bureau), to provide a lawyer with a list of junkets operating within the properties of an undisclosed Macau gaming operator. The sentence establishes that, as the information requested of b...
Tuesday, 29 May 2018 17:06

Silver Heritage names Australian business mogul James Spenceley as new Chairman Silver Heritage Group has announced the appointment of James Spenceley as the company’s new non-executive Chairman and director following the departure of former Chairman David Green earlier this month. Spenceley is renowned as a power player in the Australian business community, having founded A...
Tuesday, 29 May 2018 07:00

MGM supports training workshop of IFT and UNWTO MGM China has lent its support to the 5th “Capacity Building for Destination Marketing & Tourism Development” training workshop – part of a joint initiative between the Macao SAR Government and The United Nations World Tourism Organization (UNWTO) to enhance cooperation between the two par...
Tuesday, 29 May 2018 06:24

Government Corporate Counsel becomes third victim of Duterte gaming license purge Philippines President Rodrigo Duterte has fired a third official over the granting of a 75-year casino license to the Aurora Pacific Economic Zone and Freeport (APECO). Government Corporate Counsel Rudolf Philip Jurado was fired on Monday for providing the legal opinion which paved the way for APEC...
Tuesday, 29 May 2018 06:14

MGM boss expects Japan to be “vastly larger than Singapore” as gambling addiction bill passed MGM Resorts CEO Jim Murren has praised the lengthy process guiding the way for integrated resorts in Japan but says the three resorts to be built upon passage of the IR Implementation Bill will quickly swamp Singapore’s casino industry once open. Murren’s comments come as a key gambling addicti...
Tuesday, 29 May 2018 05:51

VIP returns for Star Entertainment Group Australian integrated resort operator Star Entertainment Group says its gross revenue from 1 January 2018 to 23 May 2018 is up 16.4% year-on-year, boosted by a strong 63.7% growth in international VIP turnover. The trading update, which reveals an impressive rebound from the hit suffered by all Au...
Tuesday, 29 May 2018 05:14

Silver Heritage looking for Tiger Palace to break even in 3Q18 as search for new Nepal partner begins Australian-listed Silver Heritage Group says it expects its Nepal integrated resort, Tiger Palace Resort Bhairahawa, to break even by 3Q18. But it will need to do so alongside a new local partner, with the company admitting that its relationship with its current partner has “run its course.” T...
Monday, 28 May 2018 07:00

Kazuo Okada cleared of Okada Manila fraud and perjury complaints Philippines prosecutors in Parañaque City and Makati have dropped fraud and perjury complaints brought against Japanese gaming tycoon Kazuo Okada by Tiger Resort Leisure and Entertainment Inc (TRLEI) – but not before his former company accused the Parañaque prosecutor of bias and gross partialit...
Monday, 28 May 2018 06:32

IEC “very, very close” to securing new home for PokerStars LIVE Macau International Entertainment Corporation (IEC) boss Stanley Choi says that he is “very, very close” to securing a new home for live PokerStars branded events in Macau after the former PokerStars LIVE Macau poker room at City of Dreams closed down last month. In a lengthy interview with PokerNews...
Monday, 28 May 2018 05:45

Macau visitor spending rises 22% in 1Q18 to MOP$16.42 billion Visitors to Macau spent MOP$16.42 billion in the three months to 31 March 2018, an increase of 22% year-on-year but down 9.7% sequentially. The majority of spending came from overnight visitors, who contributed MOP$12.68 billion – up 19.6% year-on-year – while spending by same-day visitors grew...
Monday, 28 May 2018 05:19

What's new

Resorts World Manila to launch the Philippines’ first Ritz-Carlton

Resorts World Manila to launch the Philippines’ first Ritz-Carlton By Muhammad Cohen Resorts World Manila (RWM) is set to become home to the Philippines’ first Ritz-Carlton. Inside Asian Gaming has learned that as a key part of RWM’s multi-million makeover, the current Maxims hotel is being converted into a Ritz-Carlton with the launch date scheduled for late... Wednesday, 20 June 2018 06:14

NagaCorp boss increases majority stake

NagaCorp boss increases majority stake NagaCorp CEO Chen Lip Keong has increased his shareholding in the company with the purchase of 5.4 million shares for a total consideration of HK$39.6 million. In a filing to the Hong King Stock Exchange overnight, NagaCorp said that Dr Chen had completed the on-market purchase of the shares, lifti... Wednesday, 20 June 2018 05:54

PhilWeb adds two new eGames sites to portfolio

PhilWeb adds two new eGames sites to portfolio Philippines gaming services provider PhilWeb Corporation has acquired two PAGCOR eGames sites in Consolacion and Lapu-Lapu City in Cebu through its subsidiary BigGame, Inc. The sites were acquired from Golden Frontier Gaming, PhilWeb announced, for a cash payment of Php2.5 million plus 394,322 comm... Wednesday, 20 June 2018 05:52

Paradise Entertainment buys 33,000 square feet of Macau warehouse space

Paradise Entertainment buys 33,000 square feet of Macau warehouse space Macau-based casino operator and electronic gaming machine manufacturer Paradise Entertainment Limited has entered into an agreement to purchase six units of warehouse space on the Macau Peninsula for a total consideration of HK$128.5 million. In a filing to the Hong Kong Stock Exchange, the company... Tuesday, 19 June 2018 21:17

Current Issue

Tribal Ambition

Tribal Ambition By Muhammad Cohen and Ben Blaschke   Mohegan Gaming and Entertainment CEO Mario Kontomerkos believes the Native American casino operator has two aces in the hole for Japan, especially when it comes to the so-called regional markets beyond major areas. In his presentation at last month’s Japan ... Monday, 04 June 2018 20:55

Social Gathering

Social Gathering By Shaun McCamley   Social casino gaming is booming. In 2017, the global social gaming industry generated a whopping US$106 billion in revenues, with the social casino segment generating US$4.5 billion in revenues. Not surprisingly China, Japan and Korea generated 90% of the games revenue in the... Monday, 04 June 2018 20:44

Redefining Tourism

Redefining Tourism By Muhammad Cohen   In an era when tourism constitutes a growing portion of the global economy, integrated resorts present a potent although frequently misunderstood means for growing visitor arrivals and revenue. It’s not simply the casino but their range of attractions that make IRs such powe... Monday, 04 June 2018 20:37

Japan IR Timeline

Japan IR Timeline By Ben Blaschke   What year for Japan’s first IR? It’s a question that continues to divide industry stakeholders, the answer further clouded by the substantial disparity in opinion offered at last month’s Japan Gaming Congress (JgC) in Tokyo. At the nearer end of the scale, members of the... Monday, 04 June 2018 20:27