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The Yucatan Times

The biggest casinos in North America

North America is famed for its casinos, with several cities across the continent boasting some of the most iconic gaming establishments on the planet. Las Vegas undoubtedly stands head and shoulders above the rest, with'Sin City' renowned for its association with the gambling industry. Although the emergence of online casinos powered by operators…

Land-based ・ 28 days

GGRAsia

China consistent on cross-border gambling stance: ministry

China's "position on cross-border gambling is consistent and clear," said Lin Jian (pictured), a Ministry of Foreign Affairs spokesperson, during a regular media briefing in Beijing on Monday. Mr Lin was responding to a question from a journalist regarding a message the same day from China's embassy in Singapore, warning Chinese citizens to "stay…

Incidents ・ 19 March 2024

AOL

China warns citizens in Singapore to stay away from gambling

BEIJING (Reuters) - China's embassy in Singapore on Monday urged its citizens in the city-state to stay away from all forms of betting, saying gambling overseas violates Chinese laws. The warning comes as Beijing intensifies its efforts to crack down on Chinese citizens gambling across Southeast Asia, a popular tourist destination. In a statement,…

Incidents ・ 19 March 2024

VOA

Can Macao Become Asia’s Las Vegas?

Macao, the former Portuguese colony that has become the world's biggest gambling city in recent years, is embarking on an experiment to remake itself, but it's unclear if it will succeed. Visitors to the city see a difference compared to 10 or 20 years ago. There are new and bigger casino resorts - from The Londoner to MGM Cotai - and they no…

Travel ・ 25 February 2024

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AGB - Asia Gaming Brief

Proximity to China turned Mekong River region into online gambling and money laundering hub

In an interview with AGB, Richard Horsey, Crisis Group's senior Myanmar adviser, discussed the scale and challenges of tackling transnational criminal networks in the Mekong sub-region. "Like many other places in the region, its proximity to the rapidly growing Chinese economy in recent decades brought many changes, including the emergence of…

Incidents ・ 19 February 2024

Times Of Casino

Top 5 Biggest Casinos in the USA

Though online casinos, featuring games like roulette, online blackjack, and others, have become the norm, there is nothing that can replace the real thing. Visitors can take it up a notch by visiting some of the largest casinos in the United States. Spanning hundreds of thousands of square feet, the five biggest casinos will blow your mind. Check…

Top and Best ・ 02 February 2024

e-architect.com

10 Largest Casinos in the United States of America

10 largest casinos in the United States of America, US resorts building styles in casino, American gaming architecture 4 January 2024 Despite the rising popularity and convenience of online casino platforms a significant number of enthusiasts still prefer the unique experience that physical casinos offer. This preference keeps land-based casinos…

Land-based ・ 04 January 2024

West Island

China Cuts Tariffs on US Imports, Canadians Turn to Online Casinos

In the intricate spheres of power and finance, an arbitrary development has remarkably captured global attention. A long-standing dispute between China and the United States marked a significant turn of events. The Finance Ministry of China revealed a landmark announcement stating it would cut tariffs on an array of goods imported from the United…

Incidents ・ 03 November 2023

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Colourful PM answers questions in House on overseas visits, online gambling crackdown

Incidents ・ 26 October 2023

The Sports Geek

8 Gambling Rituals That Can Improve Your Luck

Good luck rituals for gambling have been around since games of chance originated centuries ago. Gambling rituals afford bettors a perception of good luck and a sense of control over their wagers. Additionally, gambling rituals can make things a little more fun and interesting for players. Attributing all of your success and winning streaks to…

Sports ・ 15 October 2023

Penn Live

The 5 Largest Casinos in the USA

The United States is home to some of the most extravagant and expensive casinos on the planet. Between the glitz and glamor of the Las Vegas strip and Atlantic City to the more relaxed vibes of California and Connecticut, the U.S. offers some of the biggest and best gambling establishments worldwide. From massive gaming floors and world-class…

Land-based ・ 13 October 2023

We Heart

The Best Luxury Casino Resorts in the World

Casino gaming is an in thing, especially doing so on the internet, where you can take part in online casino real money gaming. The good thing for operators of online and offline gaming services is that casino gaming continues to keep growing. In 2021, the market size of the casino and online gaming industry hit a whopping total of 231 billion US…

Land-based ・ 02 October 2023

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CBC

Montreal public health against plan for mini casino near Bell Centre

Loto-Québec wants to open a mini casino steps away from the Bell Centre in downtown Montreal. Montreal Public Health says it's a bad idea. Montreal Public Health says Loto-Québec's plan to set up a mini casino near the Bell Centre is a bad idea that could "normalize" gambling for many people that come out to watch Habs games. Loto-Québec wants to…

Industry ・ 19 September 2023

East End Taste Magazine

Which US Casinos Offer the Best Dining Experiences?

When it comes to delectable foodie experiences, you might not instantly think of casinos. However, there are plenty of astounding casinos that offer incredible fine dining experiences. If you're looking for a casino that will appease the foodie and gambler in you, make sure to read on. Let's start with one of the most iconic casinos in the world -…

Land-based ・ 14 September 2023

Reuters

China online platforms scrap lucky draw features amid gambling crackdown

HONG KONG, Aug 25 (Reuters) - Chinese online content platforms including Tencent Music (1698.HK) and NetEase's Cloud Music (9899.HK) have removed live streaming features that analysts say could be used for illegal gambling, at a hefty cost to their quarterly revenues. Analysts say online content platforms pulled the plug on features such as virtual…

Incidents ・ 25 August 2023

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Unbiased Empire777 Casino Review

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Bonuses ・ 26 May 2023

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The Greatest Tennis Grand Slam Title Wins in The World

From the first day they picked up a racquet, every tennis player wanted to win a Grand Slam championship. Despite how challenging it is to win a Grand Slam competition, several well-known names have prevailed on the largest stage over the years. Grand slam wins are ground-breaking records that can only be compared to jackpot records in the gaming…

Winnings ・ 24 April 2023

Seeking Alpha

Las Vegas Sands: Still Too Cheap To Ignore, Macau Joins Singapore In Recovery Cycle (LVS)

Industry ・ 16 March 2023

Travel Market Report

Las Vegas Food Hall Trend Fills a Niche

The Las Vegas hospitality sector's propensity for invention - and more importantly, reinvention - certainly helps to drive about 40 million annual visitors to the city. And the cutthroat competition on the Strip not only ensures a nonstop parade of new and upgraded accommodations, shows, and attractions; but it has also turned Sin City into a…

Travel ・ 09 March 2023

TipRanks

Las Vegas Sands Stock (NYSE:LVS) Should Continue Skyrocketing on China’s Reopening

Invariably, a hot-streaking enterprise like Las Vegas Sands (NYSE:LVS) raises concerns about whether it can continue skyrocketing. Obviously, no one wants to buy at the peak only to hold the bag later. However, Las Vegas Sands may indeed overcome objections based on a key catalyst: China, China, China. Therefore, I am bullish on LVS…

Finance ・ 02 February 2023

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iGaming Business

Changing money could key Macau casino recovery

Gloom has eased in Macau with the end of China's'zero-Covid' policy, but there's a still a long road to recovery as mainland authorities oppose gambling and attempt to stem outward capital flow. One simple change could ease Beijing's concerns about funds illicitly exiting via Macau while making it simpler and cheaper for mainland Chinese tourists…

Finance ・ 09 January 2023

Macau Daily Times

MACAU DAILY TIMES 澳門每日時報Beijing shuts down over 37,000 cross-border gambling cases

Chinese police have solved more than 37000 cases involving cross-border gambling this year, the Ministry of Public Security said in a statement yesterday. Since the beginning of this year, police operations nationwide busted over 2600 online gambling platforms, more than 1100 casinos, and in excess of 2500 illegal payment platforms and underground…

Incidents ・ 30 December 2022

The New York Times

Casinos Target a Vulnerable Clientele: Older Asian Gamblers

MONTICELLO, N.Y. - Soon after the white coach bus pulled up on a recent Monday morning, the passengers stepped off into the frigid cold. Outside, they rushed to the nearest tree, railing, wall or grassy knoll to stash their plastic bags crammed with thermoses of rice and soup. With their lunches stowed away, they headed into the gleaming casino at…

Gambling Addiction ・ 26 December 2022

The Motley Fool

Casinos Win New Macao Licenses, but Will Shares Rise?

The largest casinos got an early Christmas present last month after China renewed their licenses in Macao for another 10 years. While the likelihood of being denied renewal was small after they had invested billions of dollars in the gambling mecca and spent billions more on developing nongaming activities at the behest of Beijing, it was still a…

Land-based ・ 21 December 2022

Recent Slot Releases

Macau Casinos Pledge to Invest $15 Billion

Macau's six casino operators pledged to invest nearly $15 billion as part of new 10-year contracts they signed to operate in the world's biggest gambling hub, with the spending on non-gaming activities to exceed gaming spend by more than 10 times. The signing of the contracts eases fears of investors and executives after a lengthy bidding process…

Travel ・ 21 December 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM Resorts named Macao’s gaming concession winners

Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years. Macao's special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three…

Travel ・ 13 December 2022

iGaming Business

Macau misses casino concession jackpot

Macau's decision to keep its same six casino operators, rejecting Genting Malaysia's bid, comes as no surprise. Equally unsurprising, this concession re-tendering process is another squandered opportunity for the world's once and future leading casino hub. Macau has made stunning progress since the first concession awards in 2002. Breaking a losing…

Industry ・ 06 December 2022

Capital

Macau casino stocks: Can Sands and Wynn see further boost from Beijing license agreement?

Macau casino stocks have jumped since early November. Beijing announcing existing licences will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises. Sands China (Sands China) currently at HK$24 is up over 57% in the last month. Wynn Macau (WYNN)- currently at HK$7.74 is up 121% over the month. MGM…

Finance ・ 05 December 2022

Click Orlando

Macao awards casino licenses to MGM, Sands, Wynn, 3 others

BEIJING - Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals after they promised to help diversify its economy by investing in non-gambling attractions, the government said Saturday. The announcement is positive news for owners who have invested billions of dollars to build the…

Travel ・ 05 December 2022

Review Journal

Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.

Macao reported another disappointing month of gaming revenue in November with the region reporting winning $374.4 million, a 55.6 percent decline from November 2021. Macao's Gaming Inspection and Coordination Bureau on Thursday said the region has had only one month - February - in which the region's 39 casinos made more money than they did a year…

Covid ・ 02 December 2022

World Casino News

Wynn Macau leads gains in Macau casino stocks after license approval

Wynn Macau led an improvement of Macau gaming stocks on Monday, November 28th in Hong Kong, following the city's government announcement over the weekend that its six current casino operators will acquire new licenses to operate in the largest gambling center in the world from January. Continued stability for Macau operators: Shares of Wynn Macau…

Finance ・ 30 November 2022

tennishead.net

Which popular tennis players are featured in online games?

Tennis is a sport that's not just for the pros. It can be played by anyone at any level and is a great way to stay in shape, enjoy some fresh air, and meet new people. You can play tennis on your own or with friends and family members. Console video games and online gambling games are other options. At some of the best online casinos that payout…

Tennis ・ 25 November 2022

Portland Press Herald

With casinos struggling, ‘Las Vegas of Asia’ looks to reduce reliance on gambling

BEIJING - Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and now…

Covid ・ 07 November 2022

ABC News

Philippines shuts 214 illegal online gambling operations

Philippine officials say they have shut down at least 214 illegal Chinese offshore gambling operations and deported the first six of nearly 400 Chinese workers who have been detained under a renewed crackdown MANILA, Philippines -- Philippine officials say they have shut down at least 214 illegal Chinese offshore gambling operations and deported…

Law ・ 04 November 2022

Barron's

China To Ease Mainland Residents' Travel To Gambling Hub Macau

Mainland Chinese residents will be allowed to visit Macau using an online visa system as of Tuesday, officials said, streamlining travel to the world's largest gambling hub after more than two years of pandemic restrictions. Macau is the only place in China where casinos are legal and the former Portuguese colony once dwarfed even Las Vegas for the…

Travel ・ 31 October 2022

The Nevada Independent

Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment's entrance into an…

Covid ・ 26 October 2022

CoinGeek

Macau advances digital currency acceptance, but will casinos accept?

Macau is pressing ahead with plans to recognize digital currency as legal tender, offering the possibility that China's digital yuan might one day be accepted in the world's largest gambling hub. Last week, Macau's Executive Council (ExCo) reviewed the latest draft of its Legal Regime for the Creation and Issuance of Money, which addresses what is…

Crypto ・ 22 October 2022

Macau Daily Times

MACAU DAILY TIMES 澳門每日時報Okada arrested in Manila, police shuts down illegal online gambling operations

Japanese gaming tycoon Kazuo Okada was arrested by police authorities at Ninoy Aquino International Airport earlier this week, months after his group launched a "violent" takeover of the $2-billion Okada Manila casino complex, Philippine press reported yesterday. The Philippine National Police arrested Okada at Naia Terminal 1 at 5:40 a.m. Monday…

Law ・ 20 October 2022

Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…

Law ・ 16 October 2022

Rappler

Philippines included in China’s overseas gambling blacklist, Zubiri says

ONLINE GABMLING. File photo of PAGE 2019 (the Phil-Asian Gaming Expo) at SMX Convention Center in Pasay on July 12 to 14, 2019. Photo by Rappler (1st UPDATE) Senate President Juan Miguel Zubiri says Chinese Ambassador Huang Xilian shared the information with him during a courtesy call on October 10 MANILA, Philippines - Senate President Juan Miguel…

Politics ・ 11 October 2022

Vegas Slots Online

Genting Has “Strong Chance” for Macau Casino License

Global gambling operator Genting Group was a surprise entry into the bidding war for a Macau casino license two weeks ago. Now, recent reports from Asia-facing analysts and executives suggest the firm has a strong chance of wresting a license from one of Macau's big six operators. encouraged to come in" According to a Reuters report on Thursday,…

Travel ・ 30 September 2022

Reuters

Analysis: Genting aims to upend Macau casino landscape in bidding war

HONG KONG, Sept 30 (Reuters) - Malaysian group Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new license, analysts and executives say, unleashing possibly the biggest shakeup in the world's largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau's…

Covid ・ 30 September 2022

The Diplomat

Philippines Readies Crackdown on Chinese Online Gambling Operations

The Philippines intends to shut down 175 online gambling firms and deport about 40000 Chinese nationals who are working for them, as pressure builds on the government to crack down on the shadowy online gaming sector. An official from the Ministry of Justice announced the plan on Monday, citing the ecosystem of criminal activities that has grown…

Incidents ・ 28 September 2022

CNN

Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers

The Philippines will stop operations of 175 offshore gambling firms and deport about 40000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry. The sector emerged in the Philippines in 2016 and grew exponentially, as operators capitalized on the country's liberal gaming…

Covid ・ 27 September 2022

Business Live

Casino stocks jump as Macau gets ready to welcome back Chinese tour groups

Macau casino stocks surged the most in six months on Monday after the city announced plans to welcome back tour groups from mainland China as soon as November, a breakthrough for the gaming hub's Covid-19-hammered, tourism-dependent economy. Wynn Resorts soared as much 15% on Monday to $68.89 in New York, the biggest intraday gain since November.…

Finance ・ 26 September 2022

Ticker News

Gambling hub Macau set for major tourism boost

Casino operators in China's biggest gambling city are breathing a sigh of relief, as tourist groups have been given the green light to visit. Businesses have been struggling since Beijing implemented a crackdown on corruption, and the Covid-19 pandemic battered the world's biggest gambling hub. Tourism is a major pillar of Macau's economy, and the…

Travel ・ 26 September 2022

Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…

Covid ・ 22 September 2022

Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Owning it: I have been following the shares of Las Vegas Sands (NYSE: LVS) for five years, for any number of reasons that most investors share with me. It is the global leader of the gaming industry, having been built from the Las Vegas legacy of the original Sands, home of the famous Rat Pack of Frank Sinatra, and decades later, its extension to…

Travel ・ 22 September 2022

Rappler

Gambling giant Macau opens bids from 7 casinos, Genting a wildcard

RESORTS WORLD. Signage of Genting Malaysiau2019s Resorts World is displayed at its casino, hotel, and entertainment park in Genting Highlands, Pahang, Malaysia, September 16, 2022. Hasnoor Hussain/Reuters All six incumbent Macau players submit bids, together with GMM Limited, a holding company of Genting Group chairman Sri Lim Kok Thay HONG KONG -…

Covid ・ 16 September 2022

WHTC

Gambling giant Macau opens bids from seven casinos, with one firm to lose

HONG KONG (Reuters) - Macau's government opens bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary, Lei Wai…

Covid ・ 16 September 2022

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Malay Mail

Gambling giant Macau opens bids from seven casinos, Genting a wildcard

HONG KONG, Sept 16 - Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai…

Covid ・ 16 September 2022

Bollyinside

Macau's gambling giant opens offers at seven casinos and one company may lose

HONG KONG, Sept. 16 (Reuters) - The Macao government opens offers from seven companies on Friday, including a wildcard from Malaysian operator Genting, for casino licenses at the world's largest gambling center, kicking off a closely watched battle over six available slot machines. Macao's top officials, including Lei Wai Nong's city's economic and…

Covid ・ 16 September 2022

Seeking Alpha

Las Vegas Sands: Prudent Move Here Is To Take Some Profits

The purpose of this article is to discuss Las Vegas Sands Corp. (NYSE:NYSE: LVS) as an investment option at its current market price. The company is a developer and operator of integrated resorts that feature luxury hotels, gaming, retail, dining and entertainment, catering to both tourists and business clients. Premier locations exist in Singapore…

Covid ・ 02 September 2022

The Diplomat

Should Cambodia Ban Casinos?

To quickly answer the question posed in my headline: not yet. But the Cambodian government needs to at least put this possibility on the table, to set a fire under the feet of the casino owners. A statement must be made by Phnom Penh that casinos have less than 12 months to turn the current dire situation around. If they fail, then regular gambling…

Covid ・ 30 August 2022

EJINSIGHT

Who wants to bid for Macao casino licences? EJINSIGHT

The Macao SAR government has set a deadline of September 14 for gambling operators to submit bids for new licences, due to begin at the start of 2023. The licences of the six current operators, three U.S.-owned, will expire at the end of December. The Covid pandemic and the resultant restrictions on travel have caused the worst three years in the…

Covid ・ 25 August 2022

GGRAsia

‘Ying Cai Shen’ first IGT slot product from Beijing studio

Travel ・ 23 August 2022

Times Of Casino

The 10 Biggest Casinos in the World in 2022

What started out as a game of dice between friends, has now grown into a juggernaut of entertainment, dining and unique gambling experiences. Post-covid, a lot of major casino developments have been kicked into the long grass. Although delayed, they are coming. Not least, the remarkable $5 billion Moon World Resorts, destined for Las Vegas; a…

Religion ・ 18 August 2022

WION

Thai police detain an alleged Chinese gambling lord

Thailand police have arrested a Chinese fugitive wanted by Beijing for allegedly running illegal online gambling operations, and will soon extradite him to China as per authorities. According to Thailand's deputy police spokeswoman Kissana Phathanacharoen, She Zhijiang, 40, a Chinese national who also holds a Cambodian passport, was detained last…

Incidents ・ 16 August 2022

Reuters

Thai police arrest suspected Chinese gambling kingpin

BANGKOK, Aug 15 (Reuters) - Thai police have arrested a Chinese fugitive wanted by Beijing for allegedly running illegal online gambling operations and will soon extradite him to China, the police told Reuters on Monday. She Zhijiang, 40, a Chinese national who also holds a Cambodian passport, was arrested last week based on an international…

Incidents ・ 15 August 2022

Review Journal

Macao casino relicensing occurring as region recovers from shutodown of properties

Macao, the most lucrative casino gaming market in the world since 2006, is taking a page from an old Strip playbook. Remember those efforts to draw families to Las Vegas in the 1990s? Casino companies across the valley built thrill rides, roller coasters and Strip-front entertainment to attract audiences to their resorts. That's what's in store for…

Strategy Guide ・ 14 August 2022

Fox 5 Vegas

History of 10 famous casinos around the world

Covid ・ 05 August 2022

Casino City Times

This Week in Gambling: Las Vegas losing millions to Macau COVID lockdown

This week's gambling news comes from Las Vegas via Macau, China, which has been shut down for two weeks due to the latest coronavirus outbreak. Our Macau lockdown update finds this new surge of COVID-19 could cost Macau billions, and is already costing Las Vegas gaming companies like MGM Resorts, Wynn Resorts, and Las Vegas Sands millions. As the…

Covid ・ 28 July 2022

Casino City Times

COVID devastates Macau casinos

You know you are in deep trouble when one of the leading newsletters in your industry discusses the "silver lining" in being shut down: "Macau Casino Closures Provide Some Relief from Cash Burn." Asia Gaming Brief Macau casinos have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed…

Covid ・ 21 July 2022

Northwest Asian Weekly

‘Las Vegas of Asia’ tells casinos to grow beyond gambling

By JOE McDONALD AP Business Writer BEIJING (AP) - Streets in the gambling center of Macao were empty on July 11 after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak. Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia"…

Covid ・ 14 July 2022

The Arkansas Democrat

Macao casinos told to branch out

MGM Grand Macau casino resort is closed in Macao, Monday, July 11, 2022. Streets in the gambling center of Macao were empty Monday after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak. (AP Photo/Kong) BEIJING -- Losing money because of covid, the American casino…

Travel ・ 12 July 2022

The Diplomat

Macao, ‘Las Vegas of Asia,’ Tells Casinos to Grow Beyond Gambling

Losing money due to COVID-19, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades but now is…

Covid ・ 11 July 2022

WNYT

'Las Vegas of Asia' tells casinos to grow beyond gambling

BEIJING (AP) - Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and…

Covid ・ 11 July 2022

Markets Insider

Why Are Casino Stocks WYNN, LVS Down Today?

Wynn Resorts (NASDAQ: WYNN) stock and Las Vegas Sands (NYSE: LVS) stock are both declining 8% in early morning trading. Casino stocks are slumping after new Covid-19 restrictions were imposed in the Chinese region of Macau. Although Wynn and Las Vegas Sands are based in the U.S., they both own multiple casinos in Macau. After the new coronavirus…

Finance ・ 11 July 2022

World Casino News

Coronavirus consternation for Macau casinos

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. According to a Friday report from Inside Asian Gaming citing official information from the enclave's Gaming Inspection and Coordination Bureau…

Covid ・ 06 July 2022

Top Class Acions

SpinX Games, Grande Games, Beijing Bole Technology casino apps $3.5M class action settlement

Game developers Grande Games, SpinX Games and Beijing Bole Technology agreed to pay $3.5 million to resolve claims that they violated Washington law with gambling apps. The settlement benefits Washington residents who played Cash Frenzy, Lotsa Slots, Jackpot World, Vegas Friends, Jackpot Mania, Jackpot Fever, DAFU, Cash Bash and Jackpot Crush…

Mobile ・ 06 July 2022

Gambling News

Laos Considers Shifting Towards Online Gambling

The pandemic has been a time to stop and think about whether the traditional land-based gaming model works. Most have decided in favor, but this has not come without a shift of attitude towards the interactive gambling landscape. Largely seen as a good boost to the economy, online casinos are no longer the taboo they once were in even the most…

Gaming Authorities ・ 29 June 2022

The Derrick

Nevada gambling license approved for new Sparks casino

RENO, Nev. (AP) - State regulators have approved a gambling license for the first newly constructed casino in the Reno-Sparks area more than two decades. The Nevada Gaming Commission voted Thursday to approve the license sought by Las Vegas-based Olympia Gaming for the Legends Bay Casino in Sparks. For copyright information, check with the…

Law ・ 24 June 2022

Casino Guru

Macau's gambling laws finally formalized

It has been a fraught period for casino concessionaires in Macau. The Special Administrative Region (SAR) surely did not make it very easy when it comes to whether everyone actually understands what is happening on the legislative side. First, it was said that junkets would go, and then - satellite casinos. But then, after a closer look at the…

Law ・ 23 June 2022

The Nevada Independent

Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz A U.S. Supreme Court ruling last week was…

Gaming Authorities ・ 22 June 2022

Reuters

Macau to sign off on 6-month casino operator licence extensions -media

HONG KONG, June 15 (Reuters) - Macau's government will formally sign a six-month licence extension for casino operators in the world's largest gambling hub on June 23, local broadcaster TDM reported on Wednesday, an expected move ahead of licence expirations due this month. The extension, to Dec. 31, allows more time for a highly anticipated…

Travel ・ 15 June 2022

Seeking Alpha

Macau casinos stocks retreat as rising COVID cases tarnish reopening hopes

Macau casino stocks saw selling pressure again on Monday after a flareup of COVID cases in China led to officials in Beijing and Shanghai ramping up testing policies again. While the number of COVID case in the nation is still only in the hundreds, there is no clear indication that the government will back off from a zero-tolerance policy anytime…

Covid ・ 13 June 2022

The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Five Southern Nevada casinos that never…

Lottery ・ 08 June 2022

Reuters

Casino SPAC is for hardened gamblers only

HONG KONG, June 7 (Reuters Breakingviews) - Shareholders in blank-cheque firm 26 Capital (ADER.O) are getting more than they bargained for. It agreed in October to buy casino Okada Manila, but a long-running legal battle over the resort turned physical when its ousted boss seized the property last week. If that doesn't scupper the planned merger,…

Covid ・ 07 June 2022

Yogonet

Macau casino revenue plunges 68% to new 18-month low in April amid tourism drought

Macau casino revenue has plunged to an 18-month low amid the ongoing impact of the pandemic on the gaming destination. Revenue for April fell 68% from a year earlier as the world's biggest gambling hub suffers from a tourist drought related to China's Covid lockdown measures. According to official data from the Gaming Inspection and Coordination…

Travel ・ 02 June 2022

World Casino News

Arrears warning for Macau gambling market

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China's ongoing strict travel restrictions. According to a report from Inside Asian Gaming, the New York-headquartered financial services giant also…

Industry ・ 24 May 2022

Asia Times

Policy changes make Macau’s casinos a risky bet

Casino operators in Macau, once the world's largest gambling center, are facing serious challenges due to Beijing's decisions to tighten travel rules and clamp down on junkets. Macau's Court of Final Appeal on Monday ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers, who demanded…

Covid ・ 18 May 2022

Yogonet

Macau officials exploring tax cut, relaxed "satellite casinos" requirements in new gaming law draft

Macau is considering the introduction of a tax cut and revised conditions for "satellite casinos" as the city's gaming industry -the world's largest gambling hub in pre-pandemic years- continues to struggle amid the ongoing impact of Covid-19. The possibility comes as casino revenue plunged to an 18-month low in April. According to Bloomberg, the…

Finance ・ 17 May 2022

The Motley Fool

Why Casino Stocks Soared This Week to Beat Out the Stock Market

Las Vegas Sands (LVS 15.06%) and Wynn Resorts (WYNN 13.17%) finished the week in the black, according to data from S&P Global Market Intelligence, while Caesars Entertainment (CZR 10.36%) erased most of a large deficit after Shanghai officials announced they will end weeks of strict lockdowns and attempt to reopen again in a few days. Sands ended…

Finance ・ 14 May 2022

Seeking Alpha

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pre-pandemic level of April of 2019. COVID restrictions in…

Finance ・ 02 May 2022

Seeking Alpha

Macau casino stocks are falling again as COVID restrictions pick up

Macau casino stocks moved lower after developments in China over the weekend increased concerns that the COVID disruption will extend. Beijing is now a region of increased focus with authorities in the capital sealing off entrancing of public housing blocks and closing off entire streets with wire mesh fences, according to Reuters. Meanwhile, the…

Covid ・ 25 April 2022

The Nevada Independent

Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Tom O'Brien returned to Aristocrat…

Sports ・ 06 April 2022

Persia Digest

Five of the biggest and best casinos in the US

When many people think of casinos, they imagine the ones from movies like Ocean's Eleven. The average casino that you see in a movie is massive, decorated with marble and glass, and on the Las Vegas Strip. In reality, most casinos are nothing like this. Your average small-town casino is not going to have champagne servers and a black-tie dress…

Top and Best ・ 22 March 2022