Asia News - Page 20

December 2012 saw surprising revenue growth in Macau.

Global Gaming Asset Management LLC expects to complete its acquisition of a 9 percent stake in Bloomberry Resorts Corp., owner and developer of the Solaire Manila Casino & Resort.

Woman staying at an evacuation centre in central Philippines wins Charity Sweepstakes.

Study suggests Israel should regulate and legalize sports betting because tax revenue is being lost.

Rolling Chip Turnover for the month of November 2012 at the company’s VIP rooms in Macau was US$1.26 billion, down 26% year-over-year.

Wells Fargo Securities gaming analyst Cameron McKnight said economic data from China last week indicated the economic environment in the region may have stabilized

Philippine government may ditch on Universal Entertainment's $2 billion casino complex if bribery allegations are substantiated.

9Crown.com, now being launched in Malaysia, offers various online casino games with up to 20% bonus such as roulette, blackjack, slot games and more.

Rolling Chip Turnover for the three months ended September 30, 2012 in the Company’s VIP gaming rooms was $4.0 billion, down 32% year-over-year.

Singapore has approved the proposed amendments to its Casino Control Bill.

Pinnacle disclosed that Asian Coast Development Ltd., which is based in British Columbia, Canada, is currently in default of deadlines for the completion of the initial phase of the Ho Tram Strip complex near Ho Chi Minh City.

Rolling Chip Turnover for the month of October 2012 at the company’s VIP rooms in Macau was US$1.47 billion, down 31% year-over-year.

The figure marked the third time this year that Macau gaming revenues had increased by single digits, which are considered bad months in the Chinese gaming market.

Gary Loveman speculates that Macau will not offer any American casino operators, including his own company, new gambling licenses.

The company paid $56 million for the land, and government officials will arrange for publication of the land concession contract in the Official Gazette of Macau.

SJM Holdings said its subsidiary, SJM, had accepted the draft land concession contract with the Macau government for "70,468 square meters" of land in the Cotai area in Macau.

Six Koreans busted for online gambling operation in the Philippines.

MGM Resorts International was approved by the Macau government Thursday to build a $2.5 billion hotel-casino on the Coati Strip region.

Macau's gaming industry is still predicted to grow at a rate of 16.5 percent in the next two years.

9 arrests in illegal gambling bust uncovers illegal gambling den complete with 19 computers.