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Asia News - Page 22

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Caesars CEO says US companies won't get Macau gambling licences

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

MGM gets approval to build Cotai hotel

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 gets approval for Macau casino

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.

Philippines: Six people busted for online gambling

Six Koreans busted for online gambling operation in the Philippines.

MGM gets approval to build Cotai hotel

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

Macau casino revenue expected to grow by 16.5 percent by 2014

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

Singapore: 9 arrested in illegal gambling bust

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

Macao revenue increases in Sept but lower than predicted

Revenue was predicted to rise higher but came in with a 12.3 percent increase.

Asia Entertainment & Resources announces Rolling Chip Turnover down 34.8% for September 2012

Rolling Chip Turnover for the month of September 2012 at the company’s VIP rooms in Macau was down 34.8% year-over-year.

Las Vegas Sands announces plans for Eiffel Tower replica in Macau

Las Vegas Sands plans on building a "50 percent scale-to-scale" replica of the Eiffel Tower as part of its The Parisian resort on the Cotai Strip in Macau.

Macao: September revenue predictions in double-digit range

Macau revenue for September predicted to show an 19-22 percent increase over the same month last year.

Singapore: World Resorts fined $600,000 for reimbursing annual entry levy

The Casino Regulatory Authority of Singapore imposed a financial penalty of $600,000 on Resorts World Sentosa for partially reimbursing the annual entry levy paid by some local casino patrons.

Philippines: Sy-Packer-Ho casino deal still a go

A planned Manila Casino to be developed by a trio of casino giants is still on target.

Asia Entertainment & Resources announces Rolling Chip Turnover of US$1.471 Billion for August 2012

Rolling Chip Turnover for the month of August 2012 at the company’s three VIP rooms in Macau was down 19.3% year-over-year.

Macau gaming revenues climb 5.5 percent in August

Macau gaming authorities said casinos collected $3.3 billion from gamblers during the month, the second highest ever recorded for a single month.

Macao: August revenue up in single digits

Macao revenue rose 5.5 percent in August 2012 compared to 2011.

Entertainment Gaming Asia announces construction of Dreamworld Poipet is underway

Construction of Dreamworld Poipet, a slot hall development project in Poipet, Cambodia, has commenced.

Sands' Singapore casino fined $286,800

On Wednesday, the property was fined $286,800 for several failures in enforcing the country's casino-entry restrictions.

Singapore casino operators fined $500,000 for breaches

Singapore CRA fined Marina Bay Sands and Resorts World Sentosa for failing to enforce the social safeguard requirements.

Singapore: Casinos did not increase crime

Crime has not increased as a result of casinos and casino crime represents less than one percent of all crime.

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