#Stanley Ho

Forbes

Casino Stocks Rally As Macau Gambling Revenues Come In Strong

You'll be asked to sign into your Forbes account.Got it While investors greeted the first day of 2023 trading with big selling in classic tech favorites like Apple and Advanced Micro Devices, buyers showed up in large numbers among the classic casino names. This, after Macau reported "gross gaming revenues" increased 333% in 2023 versus 2022. Those…

Finance ・ 03 January 2024

Casino City Times

QTech Games teams up with HoGaming

Industry ・ 16 August 2023

Celebmix

The World’s Top 3 Richest Casino Owners

The casino industry makes billions every year from both physical locations & online platforms, with leading casinos contributing significantly to these impressive figures. It's not hard to envision the immense wealth possessed by the owners of these establishments, given the vast amounts of money coming through a casino every day. Although the…

Industry ・ 15 July 2023

Q Costa Rica

Student Travel Guide: Exploring Top Casino Destinations Around the World

Renowned for their dazzling entertainment, remarkable architecture, and the exhilarating thrill of games, casinos are much more than just gambling hubs; they are cultural landmarks. As a student, you may wonder what makes these destinations a must-see. Embarking on this journey, you'll encounter the intersection of history, culture, and technology,…

Land-based ・ 06 July 2023

Super Slots Casino

$6,000 Welcome Bonus

Players can claim the SUPER300 bonus code on their first three deposits only. The minimum deposit amount required to redeem each bonus code is $25. This bonus is not valid in the Live Dealer Casino. The deposit plus bonus amount is subject to a 45X playthrough requirement before any winnings can be withdrawn.

Luxury Lifestyle Magazine

The world’s top 10 most expensive casinos for the high roller in 2023

Online casinos have enjoyed a dramatic surge in popularity over recent years, and with land-based establishments forced to close their doors for prolonged periods during the global pandemic, a growing number of gambling enthusiasts began logging on to get their fix of Blackjack, Baccarat and other popular games online. With many of the…

Land-based ・ 16 January 2023

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

Three Las Vegas companies receive Macau licensing extensions

Las Vegas Sands Corp. will tear a page out of the Las Vegas playbook when it invests $3.5 billion over the next decade in launching restaurants and nongaming tourist attractions to attract international visitors there, the company announced Monday. It plans to develop several new restaurants and introduce international culinary concepts to support…

Industry ・ 20 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

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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

Asgam

Stanley Ho family in danger of losing Portuguese casino license

The family of Macau gaming pioneer Stanley Ho is at risk of losing its Portuguese casino concessions after a re-tender for gaming licenses saw a rival bidder submit a higher offer. According to a report by Bloomberg, the license to operate two of Portugal's biggest casinos - Casino de Lisboa in Lisbon and Casino do Estoril in Cascais - expires at…

Travel ・ 23 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

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 21 October 2022

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Yogonet

Casino tycoon Stanley Ho's family could lose concession of Portugal's Casino de Lisboa and Casino do Estoril to rival bidder

According to recent reports, the family of the late gambling tycoon Stanley Ho risks losing the concession of two of Portugal's biggest casinos - Casino de Lisboa in Portugal's capital, and Casino do Estoril, located in the seaside town ofCascais near Lisbon - after a rival bidder for the license to operate both venues made a higher offer. Both…

Sports ・ 06 October 2022

Macau Business

Estoril/Sol group to face competing bid in Portugal's casino concession public tender

The Estoril/Sol group, the Portuguese gaming concessionaire linked to former Macau gaming tycoon Stanley Ho that has held the country's main gaming concession for more than 60 years, will face a rival bid in the ongoing public tender that will award a new casino gaming exploration license in the European country. According to a report by Portuguese…

Covid ・ 04 October 2022

Casino.org

Top 5 Richest Casino Owners In Asia

In terms of gambling and casinos, the law changes greatly across the Asian continent. Some countries have strict anti-gambling laws while others proudly advertise their incredible casino complexes. The huge numberof people that live in and visit Asia has seen the demand for casinos in thecontinent to become massive. This has meant that the few…

Top and Best ・ 03 October 2022

Markets Insider

The Future of Macau, Asia's Las Vegas, Hangs in the Balance

With gaming revenues six times that of the Las Vegas Strip, it's not hard to see why Macau is often called the "Las Vegas of Asia." The tiny island in the South China Sea known for its glitzy casinos and shopping malls. Macau's GDP in 2019 stood at $55.19 billion, of which $36 billion came from gaming revenues. The GDP starkly dropped to $29.91…

Travel ・ 14 September 2022

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iGaming Business

Portugal opens bidding for two land-based casino licences

The current licences are set to expire on 31 December 2022, following previous licensing extensions which were the result of the general Covid-19-associated decline in the land-based gaming trade. The public tenders will be open for 30 days and will grant the winner the exclusive rights to offer games of chance in the regions, with the process open…

Land-based ・ 13 September 2022

Yogonet

Macau's casino losses exceed $2B mark in H1 as they await bidding process; recovery not expected until 2023

The struggle for Macau's casinos seems far from over. Macau's 41 casino operators reported half-year losses of $2 billion, and total gaming revenue came in at $3.3 billion. The latest numbers come as the city struggles to recover from its largest Covid outbreak, which saw the lock-down of casinos for two weeks, and as virus restrictions from the…

Covid ・ 24 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

Times Of Casino

The 10 Richest People in the Casino Industry

Casinos are getting bigger, with more slots and tables games, spectacular shows, Michelin quality dining, and five-star hotels. In a chaotic world, where life can sometimes seem a little dark, casinos are man-made paeans to excess, indulgence, and fun. Gambling politics aside, casinos are built for both pleasure and profit. When it is done well,…

Industry ・ 10 August 2022

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Top five travel destinations with the best casinos

The possibilities of online casino gambling are endless - and especially with the development of the live casino feature and online casino, like casinorewier.com that offer 10 dollar deposit casino, it comes close to the real experience that you can find in land-based casinos. These places involve many slot machines and felt tables with poker,…

Travel ・ 27 July 2022

World Casino News

Profitable period for Macau Slot Company Limited

In Macau and the enclave's long-time retail sportsbetting operator, Macau Slot Company Limited, has reportedly announced that its profit for the whole of 2021 grew by 31.8% year-on-year to top $15.7 million. According to a report from Inside Asian Gaming citing figures published in the Official Gazette, the enterprise also chalked up a swell of…

Sports ・ 18 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

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

Techie + Gamers

Top 10 Richest Casino Owners in the World

Casinos bring in a lot of money, more than most people may realize. In fact, they generate billions of dollars each year. Players come in with a big chance of losing, but the casino owners will always win. The house always has an edge, which means that over time, they will make more money than the players. Here are the leading individuals earning…

Top and Best ・ 19 April 2022

Montreal Times

Best casino places in Macao

Horse racing, dog racing, and various casino games are all popular types of gambling in Macau. Macau has been a favourite location for gamblers trying to earn quick money for a couple of decades. Because Macau has so many casinos, it is hard to see them all in a single visit. Online casinos are getting more popular than real-life venues due to ease…

Sports ・ 29 January 2022

Real Money

Macau Casinos Finally Catch Break With New Rules

Macau's casino operators are breathing a sigh of relief, as the city outlines amendments to casino regulations that are far better than at first feared. It's a moment of respite after a horrible couple of years. The world's largest gambling hub will offer six casino concessions, the government announced on Friday, but will slash the concession…

Covid ・ 17 January 2022

Casino News Daily

Continued litigation on US$12B claim against Las Vegas Sands in Macau

In an ongoing saga that would be of paramount interest to any aspiring screenwriter, a lead accountant for Las Vegas Sands recently told a court in Macau that the alleged value of a claim filed in 2019 and dating back to actions and decisions as far back as 2001 is "exaggerated" and unjustified from an accounting perspective. Taiwan businessman…

Travel ・ 20 October 2021

AZ Big Media

Gila River Hotels & Casinos breaks ground on Santan Mountain casino

Gila River Hotels & Casinos officially announced its newest project, Santan Mountain, at a groundbreaking ceremony earlier today on Gila River Indian Community land south of Chandler. During the momentous ceremony, Gila River Indian Community (GRIC), Gila River Hotels & Casinos and project leadership invited partners and state officials to…

Travel ・ 19 October 2021

SBNation

China's casino crackdown part of quest to transform Macau

To many investors, Macau's push to extend oversight over the world's largest gambling hub came as a shock, triggering a record selloff in casino shares. To long-term observers, however, it was just the latest move in China's grand plan to transform the $24 billion economy. For years, Beijing has been focused on trying to control an industry that's…

Incidents ・ 25 September 2021

Times Of Casino

10 craziest places for casinos

This week, we're testing the limits of human endurance and seeking planning permission for the world's ultimate casinos. Wet, dry, hot, cold… these destinations are the definition of extreme. Would Las Vegas legend Steve Wynn opt in? Will billionaire Sheldon Adelson build it and let them come? Is it another opportunity for Macau gaming legend…

Religion ・ 19 September 2021

Forbes

Asia’s Casino Fortunes Falter As Macau Threatens Crackdown On Gaming

Several of the region's wealthiest casino moguls saw their fortunes tumble this week after officials in Macau launched a regulatory review that threatens to tighten the government's grip on "Asia's Las Vegas." The Macau government said on Tuesday that it's seeking to re-evaluate the laws that govern the world's largest gambling hub. The 45-day…

Incidents ・ 17 September 2021

Real Money

Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews

Macau's casino stocks are at or near all-time lows after a savaging this week, but it isn't the time to be buying them just yet. You need to be an exceptionally brave speculator willing to play a little Chinese roulette. There's too much uncertainty to be able to derive any sensible value in these names. The spark for this latest selling is a…

Finance ・ 17 September 2021

Quartz

Macau's casinos could be the next target in China's crackdown

In its 22 years under Chinese rule, Macau evolved from a sleepy and slightly sleazy Portuguese colony to the biggest gambling jurisdiction in the world. Fueled by foreign investment, laissez-faire oversight, and billions of gamblers a short flight away, casino revenue on the island reached a high of 363 billion pacatas, or $45.4 billion, in 2013,…

Incidents ・ 16 September 2021

International Policy Digest

How Macao Became the World’s Casino Capital

What place do you think of when someone says "the world's casino capital"? Do you think of Las Vegas, or maybe Monte Carlo? Many people would say that it is the notorious city in Nevada, but Macao is the actual gambling capital of the world. With 41 casinos and gambling houses, the city-state generated $7.61 billion from its gambling industry in…

New Year ・ 05 August 2021

Real Money

Crown Shares Soar on Blackstone Bid for Aussie Casino Operator

Crown Resorts (CWLDY) shares won big on the ASX today, with the stock soaring 21.4% in Sydney trade. That's after the troubled casino operator on Monday said it had received an A$8.0 billion (US$5.4 billion) buyout bid from the world's largest private-equity investor, the Blackstone Group (BX). The offer from Blackstone, which already owns 9.99% of…

Travel ・ 07 May 2021

Real Money

Australia's Largest Casino Company Loses Big With License Findings

Australia's largest gambling company, Crown Resorts, is facing a crisis of its own making after a damning report that finds it unfit to open its newest casino. Crown has already opened the doors to the nice-and-shiny, 75-floor Crown Sydney skyscraper, which is now Sydney's tallest building. The hotel and restaurants are open for customers. But the…

Travel ・ 07 May 2021

The Sydney Morning Herald

Crown inquiry LIVE updates: Sydney’s Crown Barangaroo casino not suitable to hold licence, Bergin report finds

If you're just joining us now, here is what you need to know. Today the NSW government tabled the long-awaited report of the Bergin inquiry into Sydney's second casino licence, which is held by the James Packer-backed Crown Resorts. Crown opened its new $2.2 billion complex in Barangaroo in late December, but without the gaming rooms that…

Gaming Authorities ・ 09 February 2021

USA Online Casino

2020 in Hindsight: Top Casino News

Happy New Year! 2020 was a train wreck for all of us, and the coronavirus hit the casino industry especially hard. Here is a recap of the top casino and gambling news stories we covered in the tumultuous year of 2020. The social media catch phrase'going viral' took on a whole new meaning in 2020. The coronavirus appeared out of nowhere and quickly…

Covid ・ 19 January 2021