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Landing International given green light to move casino operations to HK$11.7 billion Jeju integrated resort Landing International Development Limited has announced that it will relocate Landing Casino to its HK$11.7 billion Korean integrated resort Jeju Shinhwa World this week after receiving conditional government approval. In a filing to the Hong Kong Stock Exchange overnight, Landing International sa...
Thursday, 22 February 2018 04:21

Strong fourth quarter results drive MGM China growth in 2017 MGM China saw its revenue grow 3.0% for Full Year 2017 to HK$15.4 billion, aided by strong fourth quarter results in which net revenue rose 10% year-on-year and 17% sequentially to HK$4.6 billion. Casino revenue at MGM Macau contributed the vast majority of MGM China’s revenue for the 12 months t...
Wednesday, 21 February 2018 06:49

Japan casino tax rate could be as high as 50%, floor space and entry restrictions looming Japan is considering a tax rate of up to 50% on revenue made by local casinos, with the proceeds to be split between national and local governments, according to The Japan Times. The report cites ongoing discussions between the ruling Liberal Democratic Party and Komeito which have outlined plans f...
Wednesday, 21 February 2018 06:04

Universal rejects Steve Wynn claims that Stockholders Agreement no longer binding Japan’s Universal Entertainment Group has rejected an assertion by former Wynn Resorts Chairman and CEO Steve Wynn that a 2010 Stockholders Agreement between Mr Wynn, ex-wife Elaine Wynn and Universal subsidiary Aruze USA “no longer binds either party.” The Wynn Resorts founder made the state...
Wednesday, 21 February 2018 05:38

Revenue up but profit down as bad luck hits Star Entertainment Group Australia’s Star Entertainment Group saw its profit tumble 76.8% to AU$33 million and EBITDA fall 33.6% to AU$200 million in the six months to 31 December 2018 due to bad luck in its international VIP business. But the results didn’t accurately reflect strong business volumes, with internationa...
Wednesday, 21 February 2018 04:53

Steve Wynn evicted, given no compensation under Wynn Resorts separation agreement Wynn Resorts co-founder Steve Wynn will receive no compensation and has less than four months to vacate his personal residence at Wynn Las Vegas under the terms of his separation agreement, the company has revealed. Details of the formal agreement between Wynn Resorts and its former Chairman were d...
Monday, 19 February 2018 14:00

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 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 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 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

What's new

Inside Asian Gaming takes a look back at the biggest stories of the past week

Inside Asian Gaming takes a look back at the biggest stories of the past week Inside Asian Gaming takes a look back at the biggest stories of the past week Friday, 23 February 2018 06:55

TGG to deploy content on Solaire Resort & Casino’s gaming floor

TGG to deploy content on Solaire Resort & Casino’s gaming floor Hong Kong’s TGG Interactive has announced a deal with Manila’s Solaire Resort & Casino to integrate the Philippines casino operator to its Asian VIP and middle-class focused digital gaming machine library on the casino floor. In a press release, TGG said that the successful deployment at S... Friday, 23 February 2018 05:20

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes The Executive Director of the Commonwealth Casino Commission (CCC), the gaming regulatory body of the Northern Mariana Islands, has attributed the comparatively enormous VIP rolling chip volumes running through Imperial Pacific International’s (IPI) Saipan casino to Macau operators failing to repo... Friday, 23 February 2018 05:06

Macau’s Chinese New Year visitation grows 6.5%

Macau’s Chinese New Year visitation grows 6.5% Macau’s visitor arrivals surged by 6.5% year-on-year to more than 960,000 during Chinese New Year, including around 710,000 from mainland China, according to preliminary statistics released by the Macao Government Tourism Office (MGTO). The figures cover the seven days of Spring Festival Golden W... Friday, 23 February 2018 04:27

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