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Macau Legend issues profit warning amid expected 85% increase in losses Macau Legend Development Limited has issued a profit warning for the year ended 31 December 2017, stating that it expects net loss to climb by more than 85% over the prior year period. The company reported a loss of HK$227.5 million (US$35.7 million) in 2016. In a filing to the Hong Kong Stock Exch...
Thursday, 15 February 2018 05:23

Suncity Group subsidiary to provide technical and pre-opening services for Vietnam IR Suncity Group Holdings Limited has signed an agreement via its wholly-owned local subsidiary Suncity Group Management and Consultancy Limited (Hoi An) that will see it provide technical and pre-opening services for Suncity’s new Vietnam integrated resort, Hoiana. The agreement follows a similar d...
Wednesday, 14 February 2018 07:01

Melco Resorts announces discretionary bonus for employees Melco Resorts & Entertainment Limited has become the latest Macau concessionaire to declare discretionary bonuses for its non-management staff. Melco announced on Tuesday that it would pay a one-month discretionary bonus to all eligible non-management employees in advance of Chinese New Year, ...
Wednesday, 14 February 2018 06:36

MGM Cotai launch “vital” for 2020 concession renewal: Bowie By Ben Blaschke The long-awaited opening of MGM China’s new Macau integrated resort, MGM Cotai, is “vital” to the upcoming concession renewal process, according to CEO and Executive Director Grant Bowie. His comments came during MGM Cotai’s Grand Opening on Tuesday, which saw guests and di...
Wednesday, 14 February 2018 06:12

Fitch Ratings upgrades Macau to AA Ratings agency Fitch Ratings has upgraded Macau’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from AA- to AA. Reflecting on the past 12 months for the Asian gaming hub, Fitch said the upgrade reflects a number of key ratings drivers, including estimated GDP growth of 8.7% in 2017 follo...
Wednesday, 14 February 2018 04:26

Donaco expecting AU$144 million impairment on Star Vegas casino license Australian-listed Donaco International Ltd has estimated an impairment on the casino license of its Star Vegas property in Cambodia of around AU$144 million due to breaches of an agreement with its former vendor. In a filing to the Australian Securities Exchange ahead of the release of the company...
Tuesday, 13 February 2018 19:53

Wynn Resorts to expand board following Steve Wynn resignation Wynn Resorts Ltd has announced that it will add additional directors to the board following the departure of former Chairman and CEO Steve Wynn. In a filing to the US Securities and Exchange Commission, the company revealed that “the Nominating and Corporate Governance Committee will commence a p...
Tuesday, 13 February 2018 19:21

TGG boosts Asian VIP reach with “Fish Hunter” debut at ICE Takara Gaming Group (TGG) has lauded the success of its world first Chinese shooting game “Fish Hunter” after showcasing it to the world at ICE Totally Gaming in London last week. “Fish Hunter” is a real-time fish shooting simulation game with a range of bonus features that has captured the...
Tuesday, 13 February 2018 14:15

Tak Chun launches new Macau VIP club at Four Seasons Tak Chun Group has launched a new VIP club at Four Seasons, The Plaza Macao, the Macau junket operator’s 15th venue. The new operation opened for business on Tuesday – the same day as nearby MGM Cotai welcomed its first customers – with Tak Chun Four Seasons to hold its Grand Opening Ceremony...
Tuesday, 13 February 2018 13:54

Silver Heritage Group refutes illegal foreign worker claims Australian-listed Silver Heritage Group Ltd has denied a report by local Nepalese news outlet My Republica claiming the company has employed five foreign senior management staff illegally at recently opened Tiger Palace Resort Bhairahawa. The report, published on Monday, claims that the foreign emp...
Tuesday, 13 February 2018 07:26

What's new

Inside Asian Gaming takes a look back at the biggest stories of the past week

Inside Asian Gaming takes a look back at the biggest stories of the past week Inside Asian Gaming takes a look back at the biggest stories of the past week Friday, 23 February 2018 06:55

TGG to deploy content on Solaire Resort & Casino’s gaming floor

TGG to deploy content on Solaire Resort & Casino’s gaming floor Hong Kong’s TGG Interactive has announced a deal with Manila’s Solaire Resort & Casino to integrate the Philippines casino operator to its Asian VIP and middle-class focused digital gaming content library on the casino floor. In a press release, TGG said that the successful deployment at So... Friday, 23 February 2018 05:20

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes The Executive Director of the Commonwealth Casino Commission (CCC), the gaming regulatory body of the Northern Mariana Islands, has attributed the comparatively enormous VIP rolling chip volumes running through Imperial Pacific International’s (IPI) Saipan casino to Macau operators failing to repo... Friday, 23 February 2018 05:06

Macau’s Chinese New Year visitation grows 6.5%

Macau’s Chinese New Year visitation grows 6.5% Macau’s visitor arrivals surged by 6.5% year-on-year to more than 960,000 during Chinese New Year, including around 710,000 from mainland China, according to preliminary statistics released by the Macao Government Tourism Office (MGTO). The figures cover the seven days of Spring Festival Golden W... Friday, 23 February 2018 04:27

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52