South Korea to Boost Its Tourism Sector by Issuing Two New Casino Licenses This Year

by January 19, 2015

The government of South Korea revealed that it intends to issue two more large-scale casino licenses this year. The government’s decision is considered to be part of a bigger plan to expand the tourism industry in the country.The South Korean government explained that ...

Oregon Officials to Review the Pros and Cons of Building a New Tribal Casino in Medford

by January 18, 2015

It seems like the state of Oregon is about to have a new casino established in the foreseeable future as the proposal of the Coquille Indian Tribe got the nod for founding a casino venue, located in Medford.As soon as an approval was received, the Bureau of Indian Affairs sta ...

Shangri-La Casino in Nepal to Get a New License within Weeks

by January 18, 2015

It was announced that the government of Nepal is going to finally give the nod to Hong Kong-based gaming operator Silver Heritage Ltd. to run the so-called Shangri-La Casino, located within the premises of the Shangri-La Hotel & Resort in Kathmandu.The Ministry of Culture ...

Malta to Expand Its Online Gambling Sector outside Europe

by January 17, 2015

Malta is commonly associated with the poker tournaments that take place in the largest casino venues on the territory of the country but the question about a possible expansion of the online gambling activities has been raised recently and the apparent benefits from such a move w ...

Tioga Downs with a Second Chance for Winning a Casino License

by January 17, 2015

Yesterday, Jeff Gural, owner of Tioga Downs Casino & Racing, one of the losing bids in the competition for a casino license in New York, pointed out that he and his partners will take full advantage of the second chance they were given and will do their best to win the licens ...

Yet Another Indiana Official Files Gaming Legislation Proposal

by January 16, 2015

Rep. Todd Huston, member of the Indiana House of Representatives, filed a bill that would remove restrictions on where gambling venues should be located and how many licenses should be issued. Mr. Huston’s proposal would make it possible for a casino in Indianapolis or in a ...

Macau’s Gaming Regulator Promises that Locals Will Not Be Prohibited from Entering Casinos in 2016

by January 16, 2015

Yesterday, the Gaming Inspection and Coordination Bureau, Macau’s gaming regulator, released a special statement, in which it denied any rumors suggesting that residents might be prohibited from entering the city’s gambling venues sometime in 2016.The government o ...

Edward Tracy Steps Down as President and CEO of Sands China

by January 16, 2015

Earlier today, Sands China Ltd. submitted a special filing to the Hong Kong Stock Exchange, announcing that Edward Tracy, the company’s current president and CEO, will step down from his position as of March 6.However, he will still be employed by the popular casino ope ...

Jinping’s Intensified Anti-Corruption Campaign to Have a Devastating Effect on Macau Gambling Sector

by January 16, 2015

On Wednesday, Chinese President Xi Jinping revealed his plans, concerning the anti-corruption campaign he started last year. Those who keep themselves informed about the events related to the Asian gambling sector know that the anti-corruption program had a disastrous effect on t ...

Steve Wynn Comments on the Benefits of the Everett Casino

by January 16, 2015

Yesterday, Steve Wynn, chief executive officer of casino operator Wynn Resorts Limited, was one of the speakers at the Colliers International presentation on the new trends in real estate development in Boston and Massachusetts as a whole.Mr. Wynn revealed a few more details ...

Caesars Submits Filing for Chapter 11 Protection

by January 15, 2015

Earlier today, Caesars Entertainment Operating Company, which is a subsidiary of popular casino operator Caesars Entertainment Corporation, filed a petition for restructuring under Chapter 11 of the U.S. Bankruptcy Code.However, it was announced that Horseshoe Casino Cincinna ...

Residents of Manila Claim that the City Might Turn Into “Wild West”

by January 15, 2015

Manila residents expressed their concerns that the capital of the Philippines might turn into the Asian “Wild West” after it was announced that City of Dreams, a multimillion casino project, will have its official opening on February 2.The venue’s launch comes at a time ...

Portugal to Legalize Online Gambling in 2015

by January 15, 2015

The year 2014 was relatively eventful for the casino industry in Europe as several countries took imminent actions towards legalizing the online gambling activities. It seems like Portugal is about to join Romania, Spain and the Netherlands and introduce the necessary gambling re ...

David Group to Shut Down Its VIP Rooms

by January 15, 2015

Earlier today, Nomura Holdings, a prominent Japanese provider of various financial services, released a special note, in which it was reported that David Group, one of Macau’s top junket operators, is very likely to close its VIP rooms, due to the lower profits that were ge ...

Factors Said to Determine the Success of Studio City Project

by January 15, 2015

Crown Resorts Ltd. used to be a thriving company but unfortunately it had, to a certain extent, lost its consolidated positions on the market during the last couple of months.Nevertheless, Crown resorts’ executives remained determined to bring their lost positions back ...