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Macau Casino Revenue Soars in May, Biggest Monthly Gain Since 2014

Macau casino revenue mass market

Macau casino revenue hit the jackpot in May, as income at the city’s gaming floors totaled 22.7 billion patacas ($2.83 billion). That represents a nearly 24 percent premium on the same month a year ago. May extends Macau’s winning streak to 10 months. Total revenue for the first five months of 2017 is now at…Read More

Las Vegas Sands Likely Frontrunner for Japanese Casino License, Investment Firm Says

Las Vegas Sands Sheldon Adelson

When it comes to a casino in Japan, Las Vegas Sands might have the upper hand over its rivals in bidding on one of the forthcoming casino licenses expected to be issued. That’s according to investment firm Morningstar, which believes billionaire Sheldon Adelson’s gaming conglomerate is best positioned to win a coveted permit. In a…Read More

MGM Resorts and Caesars Ready to Invest in Atlantic City, Christie Pledges Additional Relief

MGM Jim Murren Chris Christie

MGM Resorts and Caesars Entertainment are prepared to make further investments in Atlantic City, as the fiscally troubled oceanfront gambling town slowly begins to reverse its dire economic course. New Jersey Governor Chris Christie (R) says the state will be there to help, with new relief programs on the way for the casino companies still…Read More

Macau Approves Currency Declaration Bill, Forcing Travelers to Reveal How Much Cash They’re Carrying

Macau currency declaration customs

A rumored Macau currency declaration bill is no longer just hearsay, after the city’s legislative chamber approved a law that will force incoming visitors to reveal to customs agents how much money they’re bringing with them. The statute passed by the 33 members of the Macau Legislative Assembly mandates travelers to complete a declaration form should…Read More

Singapore Casinos Find Collecting Debts from High Rollers Difficult

Singapore Casino gambler debts

Lending money to big time gamblers is easy for Singapore casinos, but collecting on those debts is time-consuming and difficult. The number of VIP clients who are in debt to casinos is increasing and becoming more of an issue. Bloomberg reported that in 2013, only two customers were sued to retrieve money owed, but by a…Read More

World Series of Poker 2017 Kicks Off as Masses Descend on Las Vegas

Entry to the 2017 World Series of Poker

The 48th running of the World Series of Poker got underway this week. Though the popularity of poker has waned in recent years, the WSOP continues to be a huge annual draw to Las Vegas every summer. A series of 74 major tournaments in June and July are expected to draw huge crowds to Las Vegas…Read More

Master Plan for Japan Casinos Expected to be Unveiled in August

Japan casinos bill Shinzo Abe

Where the two Japan casinos will be built, how they will be taxed, who will be allowed in, and a slew of other regulatory stipulations will be revealed this August by a special commission in the country’s National Diet. All eyes of the gambling industry will be on Prime Minister Shinzo Abe’s National Diet when…Read More

Philippines Casino Attack Leaves 37 Dead in Manila, Police Dismiss Terror Connections

A lone gunman walked into the Resorts World casino in Manila just after midnight on Friday, and began shooting into banks of slot machines and ATMs before dousing game tables with gasoline and lighting them on fire. His actions left 37 casino employees and patrons dead from smoke inhalation, and more than 50 injured in…Read More

Baton Rouge Casinos Might Soon be Forced to Kick Smokers’ Butts to Curb

A Baton Rouge ordinance being pushed by an anti-smoking advocacy group would ban cigarettes, cigars, and other forms of tobacco from being smoked inside casinos. The capital and second largest city in the Bayou State behind only New Orleans, Baton Rouge is home to three riverboat casinos along the mighty Mississippi. The Hollywood Casino, L’Auberge,…Read More

Small Rise in Nevada’s April Gaming Profits, Despite Wobbly Visitation Numbers

Good times at the D in Downtown Las Vegas.

Gambling was up a little in Nevada last month, at a time when visitor attendance was down. The Nevada Gaming Control Board (GCB) on Wednesday reported casinos won more than $886.5 million in April. The figure was $10.4 million more than what they won in April 2016, representing slight growth of 1.2 percent. Regulators pointed…Read More

Kathy Griffin Casino Performance Schedule Takes a Hit After Trump Video Backlash

Anderson Cooper Kathy Griffin CNN firing

If you’re holding tickets to see Kathy Griffin at any upcoming casino gigs, call in for a refund today. The in-your-face comedienne has had several performances cancelled, following outrage over her now-infamous “severed head” video of President Donald Trump. And that’s just the tip of the Titanic iceberg that’s hit her career, for about equally…Read More

Genting Reports Q1 Profits Double as Company Sees Gaming on the Rise

Genting Malaysia profits

Global casino conglomerate Genting Malaysia is waking from its slumber, according to its most recent public financial report. Results from Q1 2017 showed significant growth, which has the company bullish on its prospects for prospering as the entire gaming industry seems to be on the rise. Genting’s net profits doubled in the first three months…Read More

Philippines Passes Law to Close Money Laundering Loophole at Casinos

Resorts World Casino in Manila

If you’ve got millions of dollars to launder, casinos in the Philippines are no longer the preferred place for walking away with clean cash. The Philippine congress on Tuesday approved an amendment to the country’s anti-money laundering law that will bring large casino transactions under more scrutiny. Collectively, the House and Senate passed bills to…Read More

Melco’s Lawrence Ho Breaks Silence on Split From James Packer’s Crown

Lawrence Ho James Packer Melco Crown

Hong Kong billionaire Lawrence Ho is finally opening up about what led to his company severing ties with fellow billionaire James Packer’s Crown Resorts. Speaking with the Financial Times, an Aussie business media outlet, the Melco Resorts owner said Crown used an aggressive marketing strategy that upset government officials in China. He also explained it…Read More

UNITE HERE Casino Union Threatens Strike in Rhode Island Over Healthcare Benefits

UNITE HERE Local 26 protest strike

Roughly 375 UNITE HERE Local 26 labor union members are prepared to strike at the Twin River Casino in Lincoln, Rhode Island, unless their healthcare benefits are immediately restored. Beginning in January of this year, the union claims Twin River Management, the owner and operator of the casino, reduced healthcare coverage for employees from 100…Read More