Kangwon Land, the only South Korean casino that allows locals to gamble is performing below expectations according analysts from brokerage firm Morgan Stanley. In a recent report, analysts have said that the casino is currently operating at 2014 levels, much below their 2017 expectations for the casino. Kangwon Land is a publicly listed company that’s…
A group of foreign investors intending to invest in a $1.4-billion casino project in the island of Cebu, Philippines have backed out due to unspecified political and social issues in the country, according to one of the companies involved in the project. This was outlined in a letter to the Philippine Stock Exchange from a…
Wynn Macau Ltd, one of Macau’s six major casino operators is likely gain massively in the mass market segment according to a leading market analyst study. A report from investment bank Morgan Stanley has based its prediction on increasing Google search trends that were recorded for the property. In their report, analyst Praveen Choudhary, Alex…
A deal between MGM Resorts International and Las Vegas Sands for the sale of Sands Casino Resort Bethlehem is under process according to sources close to the matter. MGM Resorts will be acquiring Sands Casino for a sum of $1.3 billion reportedly. Sources said that although major issues have been sorted, the deal will be…
A senior executive from major international casino operator Las Vegas Sands Corp., George Tanasijevich has reaffirmed the group’s interest in developing an integrated resort in Vietnam, stating that the country had huge potential with regards to leisure and business-related tourism. The Vietnamese government issued a long-awaited gaming decree on January 20, which for the first…
Recent statements by the newly-appointed chairman of Crown Resorts indicate that the casino operator is moving away from having a rigid definition for its VIP market segment, which it was targeting keeping in mind the development of its new Barangaroo luxury casino which is to be developed in Sydney. Plans revealed so far for the…
