Representatives of Macau Legend Development Ltd, announced that they have received the approval of Macau regulatory bodies and all paperwork related to the establishment of a new hotel on the territory of the former Portuguese colony is ready.The name of the new hotel will be ...
Market analysts kept predicting that January would be the eighth consecutive month when a rapid decline in revenues will be reported by casino venues on the territory of Macau.It seems like their prognosis came true as the latest report issued by Macau gambling officials conf ...
City of Dreams Manila, the $1.3-billion integrated resort, property of gambling operator Melco Crown, will finally have its official opening tomorrow, February 2. It was reported that actors Leonardo DiCaprio and Robert De Niro will attend the lavish opening ceremony.The two ...
French gambling officials released a report containing detailed results from the performance of the online gambling segment on the territory of the country.According to the numbers reported, online sports betting activities continue to be a widely preferred gambling option. ...
Yesterday, it was reported that the government of Macau will propose a bill that fully prohibits smoking within the premises of local casinos, VIP rooms included. According to Karen Tang, analyst at Deutsche Bank AG, VIP gaming is likely to drop by 15%, once the ban comes into e ...
Singapore-based gambling operator Genting Singapore PLC is expected to post positive financial results for the fourth quarter of this fiscal year, according to two prominent brokerage firms.This prognosis is based on Marina Bay Sands’ financial performance during the p ...
Despite the decline, which has affected the Asian gambling sector lately, the latest reports and predictions, made by experienced gaming analysts, show that slowly but surely, the gambling segment in Singapore is getting revitalized.It is a well-known fact that gaming officia ...
Latest reports and statistics concerning the revenues generated through video gambling in Illinois showed satisfactory numbers for the previous year.The good news came at a critical moment for the Illinois gambling sector and the gambling affairs in the US in general. At the ...
ICE Totally Gaming 2015, one of the most anticipated events in the gaming industry, will take place from February 3 to February 5. It will be held at the ExCeL London Exhibition and Convention Centre and attendees will be able to acquaint themselves with the novelties in the worl ...
Apart from the weak revenues Macau-based casinos have been generating for the last couple of months, the latest reports show that the junket operators were also affected and their number dramatically decreased over the last year.During 2014, the number of licensed gaming prom ...
After the latest update of the GBGC 40 index, Global Betting and Gaming Consultants reported that the collective losses of the 50 largest gaming companies in the world amount to more than $100 billion in market value for 2014.The index of Global Betting and Gaming Consultant ...
The Japan-based brokerage firm Nomura has considerably narrowed the forecast return rates on invested capital (ROIC) for the Cotai casino resorts, which are yet to be established in Macau.Under the lead of Mr. Harry Curtis, several analysts of Nomura, based in the U.S., shar ...
More casino losses were reported in China due to local corruption restraint, which is the reason why option traders forecast that the recovery of the industry in China would take longer than expected.One of the analysts, who work at Rhino Trading Partners LLC – Timothy Chen ...
The bookmaker William Hill, which is based in the U.K., revealed that its profits declined by 7% over the fourth fiscal quarter of 2014. The company’s shares fell by more than 4% after it reported the 7% decline in its quarterly operating profit.William Hill also share ...
Malta has been making the headlines recently because of the plans related to the expansion of its online gambling sector, which already plays a key role in country’s economy. However, one more land-based casino will be added to the already existing ones on the territory of ...
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