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Asia Gambling News

Fitch analysts join others in cautioning on Macau

The bond advisement service predicted zero growth in Macau’s gaming revenue by the time 2014 is concluded, and an overall decline of 1 percent in 2015.

Macau casino revenue dips record 23.2 percent in October

Total casino revenue was $3.5 billion in October — Macau’s fifth straight monthly decline, the Macau Gaming Inspection and Coordination Bureau said Tuesday.

Wynn revenues dip, but profits up in Q3

Wynn said its net income for the quarter that ended Sept. 30 was $191.4 million, or $1.88 per share. A year ago, the company reported net income of $182 million, or $1.79 per share.

Singapore ensures resources to tackle gambling addiction

Singapore has increased counsellors and has two designated centres to assist the increased number of problem gamblers.

Sri Lanka proposes to up gaming tax

Sri Lanka intends to increase gaming tax to the level of 10 percent of turnover.

Macau: 40 smokers fined on first day of ban

First day of Macau's new designated area only casino smoking rules, 42 people have been fined for violating them.

Inside Gaming: Smoking ban the least of worries in Macau gambling

The Chinese gaming enclave has experienced four straight months of gaming revenue declines. A fifth monthly drop is expected when October’s numbers are counted.

Macau revenues predicated to temper

Macau revenue expected to fall this month and recover in the latter part of next year.

Casinos in Japan: Not dead yet

The investment community says gaming revenue in Japan could range from $10 billion to $15 billion annually, topping the yearly totals produced by Nevada and Singapore.

Philippines government wants higher investment

Philippine government will require an investment of $1.5 billion from casino investors seeking a casino licence.

Japan casino legalization delay

Legislation to legalize casino gambling in Japan has yet again been delayed.

Singapore revenue up 12 percent

Tourism revenue fell, but Singapore's gaming revenue was up 12 percent for its Q2 period.

Revenue down, but profits up for Las Vegas Sands Corp.

Las Vegas Sands told investors its net income for the third quarter was $671.7 million, compared with $626.7 million in the same quarter a year ago.

Turkey to privatize games of chance, lottery

Turkey to privatize games of chance to generate cash revenue for government coffers.

Remote Gambling Bill passes in Singapore

Singapore passes Remote Gambling Bill.

Macau suffers fourth straight monthly gaming revenue drop

Analysts warned Monday that the Chinese gaming enclave, which has experienced four straight monthly revenue dips, hasn’t bottomed out.

Macao's most signifianct revenue drop in 5 years

Macau absorbs the ouch of a revenue drop of 11 percent compared to September last year.

Macao casino workers walk out

Ongoing labour unrest in Macau sees some casino workers walk off the job today.

Japan casino looks less likely

Japan's first casino is in jeopardy due to bureaucracy and increasing building costs.

Macau’s casinos impacted by China's anti-corruption effort

China's anti-corruption push is being felt in Macau's casinos, with some VIP gamblers staying away.

IGT equipment bound for City of Dreams Manila

IGT to provide 52 video poker machines and more to new resort.

Macau mired in cold streak

On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals.

Macau gaming revenue forecast cut to 4% on VIP weakness

Continued weakness in the VIP segment has contributed to a reduction in the full year 2014 Macau gaming revenue forecast to 4%.

Singapore government moves to curb internet gambling

Singapore introduces the Remote Gambling Bill in parliament to crack down on all forms of remote gambling.

Macau gaming revenue tumbles for third straight month

Despite the 6.1 drop in August — the largest decline in 2014 — the Macau gaming market is up 8.1 percent for the year’s first eight months following 2013’s record $45.2 billion in gaming revenue.

Macao shares dip

Shares prices fall in Macau casinos over threat of strike action after worker protests.

Israel bomb shelter was housing a makeshift casino

Israeli police discover rocket shelter being used as impromptu casino and grow op, farmer arrested.

Turnaround story unfolds for MGM Resorts International

Following the company’s release of second-quarter earnings this month — a profit of $105.5 million on revenue of $2.6 billion — the investment community praised the company and lauded expansion opportunities in the U.S. and Macau.



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