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Queensland casino directors urge Fung takeover nod

Oct 20, 2014 Newsdesk Latest News, Top of the deck, World

Directors responsible for administering the Reef Casino Trust (RCT), owner of the Reef Hotel Casino (pictured in a rendering) in Queensland, Australia, on Monday reiterated their recommendation to...

Tough times make Macau casinos stronger: Pansy Ho

Oct 20, 2014 Newsdesk Latest News, Macau, Top of the deck

Pansy Ho Chiu King (pictured), co-chairperson of casino operator MGM China Holdings Ltd, on Friday indicated the downturn in Macau gross gaming revenue (GGR) would help Macau gaming operators become...

Sinogreen mandatory takeover by Jack Lam fails

Oct 20, 2014 Newsdesk Latest News, Macau, Top of the deck

An exercise that would have allowed a full takeover of Sinogreen Energy International Group Ltd by Macau casino junket veteran Jack Lam Yin Lok has failed. But that means the company will maintain...

Japan’s deputy PM backs casinos, with safeguards

Oct 20, 2014 Newsdesk Japan, Latest News, Top of the deck

The deputy prime minister of Japan, Taro Aso (pictured), said he was in favour of allowing casinos to operate in the country, with the aim of promoting tourism and boost economic growth, Japan’s...

Vietnam’s The Grand adds world-class golf to gaming mix

Oct 20, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

The Grand Ho Tram Strip casino resort in Vietnam on Saturday added another major attraction to its roster with the opening of The Bluffs, a new 18-hole golf course designed by one of modern...

Entertainment Gaming Asia wins time for Nasdaq compliance

Oct 20, 2014 Newsdesk Latest News, Top of the deck, World

Nasdaq-listed Entertainment Gaming Asia Inc has been granted a six-month extension to regain compliance with the minimum US$1.0 bid price per share listing requirement, the company said in a...

Caesars says to engage bank creditors over debt

Oct 20, 2014 Newsdesk Latest News, Top of the deck, World

Caesars Entertainment Corp and its subsidiary Caesars Entertainment Operating Co Inc (CEOC) said they would begin talks with bank creditors in order to revise part of the casino operator’s debt....

Jeju Island governor mulls gaming tax reform

Oct 17, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Jeju Island governor Won Hee-ryong told local lawmakers he would push for a revision of gaming taxes and to establish a Singapore-style casino watchdog, South Korea’s Yonhap news agency reports. Mr...

MGM Resorts sells Gold Strike casino hotel

Oct 17, 2014 Newsdesk Latest News, Top of the deck, World

MGM Resorts International on Thursday announced that it has agreed to sell the Gold Strike Hotel and Gambling Hall and related assets to JETT Gaming LLC and Jean Ventures LLC. MGM Resorts, the parent...

Constitution bars foreigners-only idea: Japan MPs

Oct 17, 2014 Newsdesk Japan, Latest News, Top of the deck

Any attempt to make Japan casino resorts for foreigners-only would be “constitutionally suspect” a cross-party panel of Japanese lawmakers reportedly heard on Thursday. Takeshi Iwaya (pictured...