Earlier today, the Asia-Pacific research team of Morgan Stanley, a popular American provider of various financial services, issued a special report on the likely performance of Macau’s casino operators on stock markets in 2015.Their stock performance in 2014 was relativ ...
The case involving Wei Seng ‘Paul’ Phua, a high-stakes poker player, has taken a new turn. An official from Malaysia, Phua’s country of origin, stated that the player has not been related to the Hong Kong-based triads in any way.Back in July 2014, Phua and seven other p ...
Credit Suisse Group AG, a Switzerland-based provider of a wide range of financial services, released a special note on the current status of Macau’s gaming industry. According to it, the administrative region could not manage to improve its average daily gaming revenue even ...
The Massachusetts Legislature announced that it would retreat from its decision to allow access to ATMs at gambling venues. A few days ago, the House and Senate agreed on the removal of special cash machines measures from a bill, which concerns banking laws. The bill was then sen ...
It was announced that the Scarlet Pearl Casino Resort in D’Iberville, Mississippi is planned to open doors for guests and visitors by the end of 2015.City’s Mayor Rusty Quave commented that residents have been waiting for 22 years for the launch of a casino venue ...
The Asia Pacific Poker Tour (APPT) completed its 2014 Beijing Cup a few days ago. The tournament attracted a total of 346 players but it was poker pro Yang Zhang who emerged victorious and captured the amount of $99,700 of the entire prize pool.Earlier this year, the Chinese ...
Yesterday, December 29, PokerStars, which is currently operating the most popular online poker platform in the world, introduced officially its second room for live poker tournaments in Asia. It is part of the so-called City of Dreams Manila. Executives stated that the room was l ...
Fernando Chui Sai On, the current Chief Executive of Macau, stated that his administration will do its best to make the financial system of the administrative region less dependent on its casino industry. He promised that one of his primary goals during his new term will be to wo ...
Earlier this week, it was reported that popular high-stakes poker player Wei Seng ‘Paul’ Phua’s trial has been postponed for a later date. It appears that the judge in charge of his case needs a bit more time to decide whether FBI’s approach to the collection of evide ...
Fitch Ratings Inc. announced that it had upgraded the so-called Issuer Default Rating for the well-known gambling operator Las Vegas Sands Corp. from ‘BB+’ to ‘BBB-‘. The upgrade also concerns the company’s subsidiaries, Sands China Ltd. included. In ...
The Mashpee Wampanoag tribe has been trying to build its casino in Massachusetts for years. And earlier this month, its people finally received good news for the future of the project. As Cedric Cromwell, the current Tribal Council Chairman, stated, the court ruling concerning th ...
A few days ago, investment analyst Cameron McKnight of New York-based Wells Fargo Securities LLC released a note suggesting that Galaxy Macau Phase 2A’s launch might be postponed to May 2015. Previously, it was announced that the gaming operator will complete its expansion ...
Chinese President Xi Jinping ended his two-day visit in Macau by reiterating his cautionary advice that the administrative region should try to boost its economy with activities that do not involve gambling. He also pointed out that Macau’s casino industry needs strict regu ...
The World Poker Tour Five Diamond World Poker Classic, held at the Bellagio in Las Vegas between December 15-20, has its champion. His name is Mohsin Charania and he captured the amount of $1,477,890. The poker pro has one previous WPT title.The tournament attracted 586 playe ...
Andrew Cuomo, the current governor of New York, congratulated Schenectady for being one of the three places within the territory of the state where a new gambling venue is to be built. The Rivers Casino & Resort’s application was backed by the Gaming Facility Location B ...
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