After the recent legalization of gambling in Japan, several global casino operators including Melco Resorts and Entertainment have been focusing on developing concepts and proposals in preparation for entering the market. Casino tycoon Lawrence Ho, owner of Melco Resorts & Entertainment Ltd. has recently stated that his company might prefer developing a casino in Osaka…
The CEO of U.S. based casino operator Caesars Entertainment Corp. has indicated that the company might develop a new project on the available 90 acres of land that it owns in Las Vegas. One of the largest casino operators globally, Caesars Entertainment will be emerging from bankruptcy later this year. It has been struggling with…
The vice chairman for Galaxy Entertainment Group has said that targeting millennials was a major focus for the company’s long term growth as Macau’s recent growth in VIP gambling might not be sustainable. Francis Lui Yiu-tung, a Hong Kong billionaire made these remarks during the Global Gaming Expo Asia. In a statement, Francis Lui Yiu-tung…
Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac has acknowledged that Union Pay’s new policy of customer verification at ATMs would have an impact on casino earnings. A large number of Mainland Chinese visitors to Macau are customers of China UnionPay Co Ltd and withdraw cash from ATMs in the city. However a…
Sands Casino Resort Bethlehem has stopped the $90 million expansion program it was undertaking as talks regarding its sale to MGM Resorts International for an estimated $1.3 billion move forward. Bethlehem Mayor Robert Donchez provided an update on the stalled expansion project last week and remained positive that the project will commence sometime in the…
Gaming experts have often citied the vigorous anti-corruption drive by Chinese authorities as the key reason for the over two-year long slump experienced by Macau’s casino industry as it impacted visitations, especially from VIP gamblers. A report by brokerage firm Sanford C. Bernstein Ltd has sought to numerically examine the linkages between Chinese government action…
