Asia News - Page 22

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.

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

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 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.

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

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.

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

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

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

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