Las Vegas based Sands Corporation will pay almost $7 Million to United States authorities for a settlement of corrupt practices investigation. The company will pay an amount of $7 Million to authorities in the United States to end any corrupt relations in between Billionaire Sheldon Adelson’s casino company and in consultant in Macao and China.… Read More »
Australia’s Crown Resorts will sell worth $1.4 billion stake in its Macau Casinos after corruption charges being made on Crown employees by Chinese police. The resort is also holding its plan to expand in Las Vegas. A statement released by Crown resorts Limited on Thursday says that the company is not looking to expand its… Read More »
Casino stocks throughout the world got a sigh of relief and rallied back after a clarification made by Macau authorities that they are not limiting cash withdrawal for Chinese gamblers from ATMs in Macau. Earlier stocks of various casino operators in the world plunged amid fears that Chinese and Macau government officials are taking a… Read More »
China’s mission against corruption made casino stocks of all over the world i.e. from Australia’s Crown Resorts to Las Vegas Sands plunged. A recent report says that Macau would block and limit cash withdrawals as a part of their fight against corruption. A report published in South China Morning Post cited that Macau is looking… Read More »
Bermuda parliament has Amended casino gaming act bill 2014 which means it will be easy to approve new casino and resort properties in Bermuda. The decision will now make sure that many new casinos – resorts will get their license in a speedy manner. The move was likely to be taken by Bermuda’s parliament in… Read More »
Las Vegas is one of the most lucrative casino destinations in the world. Millions of visitors from all across the world visit Vegas every year for gambling. The visitor number sometimes gets up and sometimes it gets a bit down, but ultimately it is all about gambling at the strip. You do know that at… Read More »
After the news spreads that Japanese government and authorities are looking to transform the gambling rules of the country, Hard Rock Café international Inc. is looking to make a “Major invest” in Japan. The U.S based casino is eyeing for partners in the Japan to jointly bid for a license in the country to operate… Read More »
Macau casino gaming revenue is in positive side for third consecutive month in October 2016 after witnessing a consecutive 26 month decline before August this year. A couple of new casino places have been added to the town in September i.e. Steve Wynn’s Wynn Palace and Sheldon Adelson’s Parisian Macao and they both did well… Read More »
The new $4.4 billion Wynn Casino in Macau founded by billionaire Steve Wynn is doing a bit slow in terms of making profit than it was expected by some industry analyst. The new casino property has failed to generate a high volume of revenue from the former Portuguese colony. Wynn Casino Macau limited posted a… Read More »
Casino operators in Macau have been warned to obey local laws by Macau Gaming Inspection and Co-ordination Bureau. The inspection and gaming co-ordination team had a meeting with top six major gaming operators in the city including Melco Crown Entertainment, which is backed by billionaire James Packer. The meeting was held in between local gaming… Read More »