The latest news on the gaming industry in Asia

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Melco Int confirms casino at Larnaka Airport, Cyprus

Melco Int confirms casino at Larnaka Airport, Cyprus

Jul 24, 2018 Latest News, Top of the deck, World  

A Cyprus-based consortium headed by Melco International Development Ltd is to open a so-called ‘satellite casino’ in the terminal building of Larnaka International Airport (pictured),...
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GEN Singapore favoured for casino licence in Japan: Maybank

GEN Singapore favoured for casino licence in Japan: Maybank

Jul 24, 2018 Japan, Latest News, Singapore, Top of the deck  

Casino operator Genting Singapore Ltd is among the frontrunners for a licence to run a casino in Japan, according to brokerage Maybank Kim Eng. In a note published on Sunday, the Malaysian investment...
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Tech supplier Crane posts 17pct profit increase in 2Q

Tech supplier Crane posts 17pct profit increase in 2Q

Jul 24, 2018 Industry Talk, Latest News  

U.S.-based Crane Co posted second quarter net income of US$80.7 million, up by 16.6 percent from the prior-year period. The company – an industrial conglomerate that supplies payment and...
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Macau govt gets preliminary proposal re gaming licences

Macau govt gets preliminary proposal re gaming licences

Jul 23, 2018 Latest News, Macau, Top of the deck  

The Macau government has already received a preliminary proposal for amending the existing gaming law, said on Saturday the Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured). That...
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Ellen Whittemore new EVP, counsel at Wynn Resorts

Ellen Whittemore new EVP, counsel at Wynn Resorts

Jul 23, 2018 Latest News, Top of the deck, World  

U.S.-based casino operator Wynn Resorts Ltd filed a statement on Friday identifying Ellen Whittemore as the company’s new executive vice president and general counsel. Ms Whittemore has...
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Visitor arrivals to Macau up 8pct in first half 2018

Visitor arrivals to Macau up 8pct in first half 2018

Jul 23, 2018 Latest News, Macau, Top of the deck  

The aggregate number of visitors to Macau rose by 8 percent year-on-year in the first six months of 2018, to slightly above 16.81 million, according to data released on Monday by the city’s...
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Morgan Stanley cuts MGM China earnings forecasts

Morgan Stanley cuts MGM China earnings forecasts

Jul 23, 2018 Latest News, Macau, Top of the deck  

Morgan Stanley said it is reducing its forecasts for earnings before interest, taxation, depreciation and amortisation (EBITDA) by Macau casino operator MGM China Holdings Ltd for this year and next....
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Macau gaming sector sees increase in suspect transactions

Macau gaming sector sees increase in suspect transactions

Jul 23, 2018 Latest News, Macau, Top of the deck  

Macau’s Financial Intelligence Office said it received reports of 1,128 suspicious transactions from gaming operators in the first half of this year, compared to 1,074 reports for the same period...
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Japan casinos could bring lower returns than expected: MS

Japan casinos could bring lower returns than expected: MS

Jul 23, 2018 Japan, Latest News, Top of the deck  

Investment bank Morgan Stanley says Japan’s legalised casino industry could offer “lower returns than many expected”. That is due to the potential negative impact on casino revenue of some...
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Pagcor denies excessive allowances, bonuses to staffers

Pagcor denies excessive allowances, bonuses to staffers

Jul 23, 2018 Latest News, Philippines, Top of the deck  

The Philippine gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor), has issued a statement refuting certain assertions of the country’s public spending watchdog, including a...
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Oct 22, 2024  

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Pick of the Day

”Once all these [revamp] projects [at MGM Macau] are finished, we all believe we are going to continue to lead the Macau peninsula market”

Kenneth Feng
President and an executive director of MGM China