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Posts From Adrian Sterne

Adrian Sterne

Adrian Sterne

AGS Gets Nevada Approval To Raise Funds Through IPO 0

Las Vegas-based gaming equipment manufacturer AP Gaming Holdco which conducts business as American Gaming Systems (AGS) recently announced that it was recommended to proceed with its plans to raise funds through an initial public offering (IPO). The Nevada State Gaming

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Financial Analysts Advise Philippines To Enforce Casino Entry Fee 0

A recently published report by the Philippines’ National Tax Center, a group under the country’s Department of Finance, suggested that there should be an entry fee to all casinos in the country. They suggest a minimum of $10 (PHP500) with

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Macau Sets Down Tech Standards For Live Dealer ETGs

Macau's regulator, the Gaming Inspection and Coordination Bureau just released a set of technical standards that will cover all dealer-operated electronic table games (ETGs). This is the first set of standards that will focus on such games that have the

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Hotel Okura Expands To Resorts World Manila In 2018

One of Japan's biggest hotel chains, Hotel Okura is planning to open a hotel in Resorts World Manila in 2018. Okura Manila is meant to be a 380-room hotel and will have several luxurious features. Travellers International Hotel Group Inc.,

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Former Chinese Contractor For Baha Mar Resorts Being Sued

The Baha Mar Gaming Resort in the Bahamas finally opened under new ownership in April after years of delays. However trouble continues to surround the controversial Baha Mar project after BML Properties Ltd., the original people behind the Baha Mar

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MGM Resorts Expecting Cash Inflow Increase In 2018

MGM Resorts has invested heavily over the past years into expansion and upgrades for both domestic and international casino properties. Most of these expansion projects are expected to be completed in 2018 and MGM Resorts is expected to get a

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Kangwon Land To Be Hit By S. Korean Revenue Cap: JP Morgan

International brokerage firm JP Morgan Chase & Co. recently released a report stating that Kangwon Land Inc, will face further constrained annual growth in its casino gross gaming revenue (GGR). Kangwon Land casino is the only authorized casino operator in

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Wynn Resorts To Buy Site Of Crown Resort’s Failed Alon Las Vegas

Australian based casino operator Crown Resorts had grand plans to enter the Las Vegas market with the launch of its Alon Las Vegas casino resort which was supposed to be built on 38 acres of land. The site was located

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UKGC Report Shows Online Gambling Has Increased By 10 pct

The latest annual report released by the UK Gambling Commission (UKGC) shows that the online gambling industry in the UK has continued to go from strength to strength. The UKGC report showed a robust increase in the gross gambling yield

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Galaxy Ent Confirms Investment Plans for Boracay Casino

Galaxy Entertainment Group, a Macau based casino operator, has confirmed plans to open a casino resort in the Philippines. Galaxy Entertainment has also confirmed that the investment will be done in partnership with a Philippine based company known as Leisure

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