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Industry
July 9, 2021
Macau Still Trying to Find Solid Ground to Recover From COVID-19
Macau is having difficulty jumpstarting its economy after the dismal 2020 it was subjected to by COVID-19. There have been good times and bad times, but, overall, there were more bad times than good. According to the latest data from the city’s Financial Services Bureau (FSB), the first six months of the year have been […]
Business
July 8, 2021
Sands China Announces Third Waiver to Its $3bn Facility Agreement
Sands China entered into its third waiver extension regarding its $3 billion 2018 SCL Credit Facility. Under the third waiver extension, the company extended the loan period and amended conditions without suffering penalties. Sands China Amends and Extends Credit Facility Agreement Sands China, the subsidiary of US-based operator Las Vegas Sands (LVS), announced Wednesday that […]
Industry
July 8, 2021
Nevada Advises Gambling Businesses to Stay Vigilant of Ransomware
As casinos in the US become the victim of cyberattacks, regulators issue a warning to casinos to step up their game. Cybersecurity Back on Gambling Regulators’ Agenda Just when gambling businesses started coming out of the woods, another calamity befell them with a spate of hacking and ransomware attacks targeting prominent casino businesses in the […]
Business
July 8, 2021
Crown Resorts Boss Shows Long-Time Dissention in the Ranks
The truth always comes out and Crown Resorts is learning the lesson the hard way. The Australian casino operator, once at the top of the hospitality charts in the country, has slid from grace due to a number of issues that have plagued it over the past several years. It has been accused of tampering […]
Legal
July 7, 2021
PAGCOR Splits Teams to Oversee Online and Land-Based Ops
The gambling regulator in the Philippines, PAGCOR, reportedly introduced a structural change to its teams. PAGCOR established a team that would monitor online gambling only. The regulator dedicated a separate team was tasked to supervise and monitor land-based operations. Gambling Watchdog Separates Teams to Online and Land-Based PAGCOR, the Philippine casino regulator and operator, established […]
Casino
July 7, 2021
Caesars Palace Entrance Gets a Multimillion-dollar Makeover
Caesars Palace, Las Vegas, has announced its multi-million-dollar makeover, which will be completed by New Year’s Eve. Caesars Palace Will Include a Statue of Augustus Caesar Caesars Palace, Las Vegas, the Caesars Entertainment property known for its inclusion in the movie “The Hangover” and others, has announced that it will soon begin its multi-million-dollar renovation […]
Casino
July 7, 2021
Nagasaki Approaches the Finish Line with Its Integrated Resort Plans
Japan’s Nagasaki prefecture is confident that it has all of the components necessary to offer an integrated resort (IR) in Japan. It is one of only a small handful of locations remaining in the hunt for the selection of the first three locations that will host a casino resort in the country. It is also […]
Casino
July 6, 2021
Caesars to Build Harrah’s Casino and Racetrack in Nebraska
Caesars Entertainment inked a new deal with Columbus Exposition and Racing to build and develop a Harrah’s casino and racetrack. The new venue is expected to cost approximately $75 million and will be located in Columbus, Nebraska. New Racetrack and Casino Comes to Nebraska Caesars Entertainment, the US casino giant, announced a new deal with […]
Industry
July 6, 2021
Crown Resorts May Face Difficulties This Year, Next Year, Too
In light of the impact of the COVID-19 pandemic, Crown Resorts released a trading and earnings update. The company revealed that it may report an operating loss for 2021, while a further negative financial impact may be observed next year, as well. Crown Resorts May Report Operating Loss for 2021 Fiscal Year Australia-based entertainment company […]
Casino
July 6, 2021
Quebec Illegal Online Casinos Thrive Amid Police Inaction
Even though Canada’s laws allow organized betting businesses to run only under approved organizations’ supervision, illegal online bookmakers in Quebec seem to avoid detection by the police without much effort. Quebec news outlet La Presse decided to investigate the peculiar ecosystem around unauthorized betting sites. Quebec’s Thriving Online Casinos According to a discussion with the Quebec police, the […]