Osaka City Hall is ready to partner with MGM Resorts International and Orix Corp for an integrated resort. The goal is to build a resort casino in Japan under the relaxation of its gambling laws. The Japanese financial services company and the US consortium...
Giant Blackstone opted to sell Cosmopolitan in Las Vegas, with MGM Resorts taking over operations. The company will pay $1.6 billion in cash for the right to operate the property. This total, said the operator, is eight times earnings before interest, taxes, depreciation and amortization (EBITDA).
Sanford C. Bernstein Ltd estimates that Macau casinos' gross gaming revenue (GGR) for September 13-19 fell 8% 'week to week', with a daily average of 243 million patacas (US$30.3 million) against 264 million patacas per day of the previous week. When compared to pre-covid...
The Macau government has opened a public consultation on a series of reforms linked to the casino sector, including changes to the number of licenses issued and the possibility of imposing government representatives on licensees. The consultation will consider amendments to Law No. 16/2001...
Wynn Resorts shares fell by 11% on Tuesday, 14, due to fears that authorities may intensify inspections of casinos operating in Macau. Macau, known worldwide as the ‘Las Vegas of Asia’, is located near Hong Kong and is part of Chinese territory. Currently, the...
Simon Thomas, the CEO of Hippodrome Casino London and gaming personality, accepted the invitation to become the first ICE London ambassador from September 2021 to August 2022. In a press release, Stuart Hunter, general manager of the games division of Clarion Events, organizer of...
Crown Resorts is working on a policy to speed up employee vaccinations, as well as bar entry to unimmunized visitors, according to The West Australian news agency Crown Chief Executive Steve McCann is discussing the implementation of these rules for its three developments located...
It is not new to talk about how casinos can generate new economic opportunities and boost tourism in various regions of the world. The gaming and entertainment area has enormous potential, where places like Las Vegas, Macau and Singapore already prove how profitable casinos...
The American Gaming Association (AGA) released the July results of its revenue tracking tool, which provides information on the gaming industry's financial performance for the month at both the state and national levels. In July, the gaming industry extended its record streak as casino...
In 2011, former President Hugo Chávez ordered the absolute closure of casinos and bingo halls, considering them "places of disgrace" that only served to enrich the "bourgeoisie". That measure has left nearly 100,000 people out of work, according to a 2012 report by the...

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