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Casino
May 3, 2022
Crown Resorts Wants to Better Understand New EMG Tax Levy
Crown Resorts has accepted its fate that for better or for worse it will have to prove its reputation as a reliable gaming giant in Australia once again. The next two years will be challenging, but it all seems to be going well. However, the company is not exactly sure it understands the motivation behind […]
Casino
May 2, 2022
NSW Inquiry: Former Star CEO Bekier Conceded VIP Failures
A New South Wales (NSW) inquiry into Star Entertainment’s suitability to hold a casino license was told by the company’s former CEO Matt Bekier that he felt let down by senior management. Unmitigated Risk of Money Laundering The royal commission-style inquiry led by Adam Bell SC was prompted by information that Star Entertainment has been […]
Industry
May 2, 2022
Gross Gaming Revenue in Macau Hits Rock Bottom in April
April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
Casino
May 2, 2022
Victoria’s Officials Set Aside $39.3 million to Increase Crown Melbourne Surveillance
Victoria’s state government officials have made up their minds regarding the amount they would dedicate to stronger oversight of Crown Melbourne’s operations. The 2022/23 yearly budget will put aside AU$55.6 million (US$39.3 million) for the implementation of a series of Royal Commission recommendations regarding the iconic venue. The Money Will Assist Special Manager Stephen O’Bryan’s […]
Casino
May 2, 2022
Las Vegas Sands Wins First Battle Against Ex-Macau Partner AAEC
Originally initiated in 2007 in Nevada and later on dismissed in 2010 on grounds of the plaintiff failing to prosecute the case, the long legal battle between American gaming company Las Vegas Sands Corp (LVS) and former Macau partner Asian American Entertainment Corp Ltd (AAEC) has finally reached a conclusion. According to the Macau Court […]
Casino
May 2, 2022
Donaco International Ltd Set to Reopen Star Vegas in Cambodia
Donaco International Ltd has announced that it will continue its operations at Star Vegas as it awaits final approval from the government of Cambodia. Star Vegas is located in the vicinity of the border with Thailand, in a city called Poipet. Star Vegas Closed Its Doors in April 2021 After reporting losses of AU$530,000 ($373,000) […]
Business
May 2, 2022
Genting Singapore Officially Appoints Tan Hee Teck as the New CEO
Tan Hee Teck, the COO of Genting Singapore, has been promoted to CEO by the company. Genting shared the news on Sunday and Teck, who has been serving as COO since 2010 will be able to use his knowledge and experience to take the company to the next level. Teck Was Assessed by the Board […]
Casino
May 2, 2022
Nick Xenophon Wants Total Ban on Gambling Sponsorships for Clubs, Limited Air Time for Ads
In spite of the current ban on gambling ads during live broadcasts of sports events prior to 8:30 PM that has been in place since 2018 in Australia, sportsbooks have continued to make their way to their targeted and fully engaged audiences. The restrictions imposed on sports betting ads during G-rated programs in specific time […]
Business
May 2, 2022
MGM Resorts International Offers to Buy LeoVegas for $607 Million
MGM Resorts International has made a massive move to solidify its position in the global online gambling market. The casino operator offered $607 million to purchase one of the world’s most reputable online casinos – LeoVegas AB. By purchasing the Swedish gaming company, MGM is looking to increase its profits and influence in the European […]
Casino
May 2, 2022
Aristocrat Makes First Dig for Biggest Project in Past 5 Years
All is well with Aristocrat Technologies’ bid to continue growing its footprint in the United States. But to deliver on its ambitious goals, the company is looking to add more boots on the ground with the first dig for its new manufacturing facility in Henderson, Nevada taking place on Friday. The new production unit will […]
