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Asia News - Page 15

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Singapore casinos produce $6 billion in gaming revenue in 2013; market still trails Las Vegas Strip

Both markets were far behind Macau, the world’s largest gaming destination, which produced a record $45.2 billion in gaming revenues last year.

Macau casinos report 7 percent increase in January, collect $3.6 billion

The Macau casino market ended 11 straight months of double-digit gaming revenue increases in January and recorded its lowest single-month growth rate since October 2012.

Wynn Resorts earnings top estimates; Macau revenues rise 25 percent

“The numbers as usual speak for themselves,” Steve Wynn, chairman and CEO of Wynn Resorts, told analysts in a conference call.

Revenue juggernaut: Las Vegas Sands' figures top Nevada, Atlantic City combined

Buoyed by a 28 percent increase in revenue from its Macau subsidiary during the fourth quarter, the casino operator grew profits by 32.8 percent companywide for the three-month period ended Dec. 31.

Casinos in Japan? Bet your last yen on it

Analysts and gaming leaders consider it a foregone conclusion that Japan, after years of toying with legalizing casinos, will finally approve a gaming bill this spring.

China: Bomb blast at illegal gambling den

A bomb exploded today killing 14 people at an illegal gambling den in China.

Wynn Macau appoints Gamal Aziz president

Steve Wynn will continue to serve as CEO and chairman of Wynn Macau.

Macau gambling revenue rises 18.6 percent to $45 billion in 2013

Growth was slightly higher than the 13 to 17 percent estimates of six analysts.

Bally Technologies Titanic video slot game sweeps awards at Macao Gaming Show

Bally's Titanic video slot wins awards in four categories at Macao Gaming Show.

Private Philippine company rumored to be partnering with Okada

First Paramount Holdings are rumoured to be close to signing a partnership deal with Okada that would give stake in Manila Bay casino.

Genting plans renovations at Malaysia resort

Genting plans upgrades to properties that include a theme park.

Macao revenue predicted to rise in 2014

Analysts predict 20 percent rise in revenue for Macao in 2014.

Macau operations help credit profiles of Las Vegas Sands, Wynn Resorts

Wells Fargo Securities gaming analyst Dennis Farrell Jr. said Las Vegas Sands and Wynn Resorts have the best credit profiles of any of the major casino operators, primarily because of their wholly owned Macau operations.

Japan: Gambing bill filed in Japanese parliament

A bill to legalize casino gambling in Japan has been submitted by two parties to parliament.

Official: Israel interested in Las Vegas-style casino in Negev Desert

Israel Consul General David Siegel said discussion of gaming that could benefit Israeli tourism is in the preliminary stages only.

Macau gaming revenues reach $40 billion in 2013

With one month left in 2013, Macau’s casino industry already has blown away its 2012 record gaming revenue production.

November was a bumper month for Macao

Revenue up again in November for Macau, a whopping 21.3 percent.

Inside Gaming: No mixed signals, no more licenses

The Macau government has changed direction in the past on several matters concerning the casino industry, but not on this issue.

The Philippines: Construction begins on Entertainment City casino

Construction has already begun on Kazuo Okada's Entertainment City casino resort with completion estimated for 2015.

Update on Bodog office raids in Manila

Bodog staff categorically rejected any suggestion that the company had ever offered illegal underground numbers games to Philippine nationals.

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