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Asia News - Page 10

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Macao: casino revenue drop

February a harsh month for Macau with 48.6 percent decline in gambling revenue.

Wynn Resorts seeks to oust Elaine Wynn from board of directors

In a proxy filing with the U.S. SEC Friday, Wynn Resorts said it will reduce its Class I board members from three to two.

Slower Chinese New Year hits Macau shares

Shares fall as Chinese New Year gambling weaker than usual in Macau.

Mongolia to vote on casino bill

Mongolia draft bill that would establish two casinos approved last week.

China wants to reduce citizens overseas gambling

China planning to clamp down on foreign countries who court its citizens for gambling revenue.

Japanese official says Netanyahu asked him to advance franchise for Adelson casino

The official was shocked by the unusual request, and rejected it out of hand.

Singapore: New measures against offshore websites enacted

Singapore blocks hundreds of online gambling websites.

Inside Gaming: Macau, already reeling, faces possible total smoking ban

Talk about throwing gasoline on a raging inferno.

Plunge in Macau revenue leads to lower profits for Wynn Resorts

Wynn said Tuesday revenue from it two Macau casinos dipped 32 percent in the quarter that ended Dec. 31.

Macau casinos start 2015 with another revenue dip

January's decline was the eighth straight monthly drop.

Nepal: Casinos could reopen

New operators more willing to accept Nepali government's regulation which saw all casinos closed down last year.

Packer's casino plan put to rest by new Sri Lanka government

Sri Lanka's new President Maithripala Sirisena has put an end to three proposed casinos, including James Packer's $400 million project.

Las Vegas welcomes Year of the Yang with cultural festivities and celebrations

Chinese New Year celebrations welcome the Year of the Yang, honoring the Goat, Sheep and Ram.

Adelson defends Macau even as troubled market crimps Sands' earnings

Adelson defends Macau even as troubled market crimps Sands' earnings.

Inside Gaming: Analysts expect Strip rebound to continue in 2015

Analysts believe the Strip will continue its rebound, although gaming won’t be the primary reason.

Adelson adds CEO of Sands China to his job description

In a statement Friday from the company’s Sands China Ltd., Sheldon Adelson, the 81-year-old billionaire and company founder, will replace Edward Tracy, whose retirement was announced in an SEC filing this week.

Vietnam approves casino

A casino for Phu Quoc Island, which will be part of a larger tourism complex, has been approved

Macau visitor numbers up 7.5 percent in 2014

Macau may have had a revenue decline, but the visitors are still coming.

Vegas gaming companies may face bigger tax bite in Macau

A Chinese government official is hinting at a potential gaming tax increase ahead of license renewals for Macau's casino operators.

Spokesman: Wynn's pay will now include 'performance-based equity'

In a filing with the Securities and Exchange Commission Tuesday, Wynn Resorts Ltd. said it was slashing the CEO's salary to $2.5 million per year from $4 million.

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