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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
Can Macao Become Asia’s Las Vegas?
Super Slots
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
Top 5 Biggest Casinos in the USA
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
10 Largest Casinos in the United States of America
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
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
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
8 Gambling Rituals That Can Improve Your Luck
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
The 5 Largest Casinos in the USA
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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
The Best Luxury Casino Resorts in the World
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
Montreal public health against plan for mini casino near Bell Centre
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
Which US Casinos Offer the Best Dining Experiences?
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
China online platforms scrap lucky draw features amid gambling crackdown
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GISuser

Unbiased Empire777 Casino Review

Throughout the ages, Asia has witnessed the rise and fall of countless empires, leaving one to ponder if Empire777 Casino can leave a lasting impression. Dive into our Empire777 review to discover the highlights and areas for improvement of this online gaming platform. A modest welcome bonus awaits players, which can be utilized for slots, live…
Bonuses
minnesotasportsfan.com

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
The Greatest Tennis Grand Slam Title Wins in The World
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
RELATED BRANDS
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
Las Vegas Sands Stock (NYSE:LVS) Should Continue Skyrocketing on China’s Reopening
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
Changing money could key Macau casino recovery
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
MACAU DAILY TIMES 澳門每日時報Beijing shuts down over 37,000 cross-border gambling cases
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
Casinos Target a Vulnerable Clientele: Older Asian Gamblers
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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
Casinos Win New Macao Licenses, but Will Shares Rise?
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
Macau Casinos Pledge to Invest $15 Billion
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
Las Vegas Sands, Wynn Resorts, MGM Resorts named Macao’s gaming concession winners
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
Macau misses casino concession jackpot
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
Macau casino stocks: Can Sands and Wynn see further boost from Beijing license agreement?
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
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
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
Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.
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
Wynn Macau leads gains in Macau casino stocks after license approval
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
Which popular tennis players are featured in online games?
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
With casinos struggling, ‘Las Vegas of Asia’ looks to reduce reliance on gambling
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
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
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
Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea
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
Macau advances digital currency acceptance, but will casinos accept?
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
MACAU DAILY TIMES 澳門每日時報Okada arrested in Manila, police shuts down illegal online gambling operations
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
Genting makes surprise bid for Macau gambling license
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
Philippines included in China’s overseas gambling blacklist, Zubiri says
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
Genting Has “Strong Chance” for Macau Casino License
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
Analysis: Genting aims to upend Macau casino landscape in bidding war
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
Philippines Readies Crackdown on Chinese Online Gambling Operations
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
Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers
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
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
Gambling hub Macau set for major tourism boost
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
Macau casino bids include surprise
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
Las Vegas Sands: Capitulation Here Or Near
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
Gambling giant Macau opens bids from 7 casinos, Genting a wildcard
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
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
Gambling giant Macau opens bids from seven casinos, Genting a wildcard
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
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
Las Vegas Sands: Prudent Move Here Is To Take Some Profits
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
Should Cambodia Ban Casinos?
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
Who wants to bid for Macao casino licences? EJINSIGHT
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
The 10 Biggest Casinos in the World in 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
Thai police detain an alleged Chinese gambling lord
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
Thai police arrest suspected Chinese gambling kingpin
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
Macao casino relicensing occurring as region recovers from shutodown of properties
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
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
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
‘Las Vegas of Asia’ tells casinos to grow beyond gambling
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
Macao casinos told to branch out
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
Macao, ‘Las Vegas of Asia,’ Tells Casinos to Grow Beyond Gambling
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
'Las Vegas of Asia' tells casinos to grow beyond gambling
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
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
Coronavirus consternation for Macau casinos
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
Laos Considers Shifting Towards Online Gambling
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
Nevada gambling license approved for new Sparks casino
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
Macau's gambling laws finally formalized
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
Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’
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
Macau to sign off on 6-month casino operator licence extensions -media
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
Macau casinos stocks retreat as rising COVID cases tarnish reopening hopes
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
Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023
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
Casino SPAC is for hardened gamblers only
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
Macau casino revenue plunges 68% to new 18-month low in April amid tourism drought
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
Arrears warning for Macau gambling market
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
Policy changes make Macau’s casinos a risky bet
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
Why Casino Stocks Soared This Week to Beat Out the Stock Market
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
Macau casino revenue plunges to 18-month low
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
Macau casino stocks are falling again as COVID restrictions pick up
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
Indy Gaming: Aristocrat Americas president sees convergence with online and casinos
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
Five of the biggest and best casinos in the US
Casino Guru

Macau casino licensees obligated to disclose “major financial move” data

Macau is tightening the noose on casino regulations in the special administrative region (SAR) as a new rule would now require casino licensees to make sure that they disclose any major financial decision they make to the government. In fact, the SAR government would expect the chief executive to be informed about any significant financial moves…
Law
Macau casino licensees obligated to disclose “major financial move” data
Vegas Slots Online

Macau Casino Shares Fall as COVID-19 Ravages China

Shares for three of Macau's major casino operators fell an average of 9.4% with the introduction of new quarantine rules for travelers from mainland China. [Image: Shutterstock.com] Shares for three of Macau's six casino giants have plummeted an average of 9.4% after the Hong Kong government applied tighter quarantine rules for travelers in…
Covid
Macau Casino Shares Fall as COVID-19 Ravages China
8 News Now

Aria, Park MGM get top rating in Las Vegas Strip casinos indoor air quality survey

LAS VEGAS (KLAS) - A company that sells air purification products says there's a major hotel-casino on the Las Vegas Strip where indoor air quality is at least four times worse than any of the other 27 resorts where measurements were taken. Wynd, the company that published the report in late January, doesn't name the property, but says it had air…
Land-based
Aria, Park MGM get top rating in Las Vegas Strip casinos indoor air quality survey