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
Read MoreWynn 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
Read MoreUKGC 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
Read MoreGalaxy 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
Read MoreMGM Resorts Wants Legislators To Approve Casino In Bridgeport
MGM Resorts is pushing through with their $675-million casino proposal in Bridgeport, Connecticut. MGM Resorts International CEO James Murren visited Connecticut this week and Murren sat in front of the Bridgeport Regional Business Council. Murren called on the legislation to
Read MoreMacau Not Doing Enough To Investigate Money Laundering
A mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Macau was published last week and the findings show that the authorities have not done enough to crack down on money laundering convictions. The report was jointly completed
Read MoreFormer Amaya CEO Urges Dismissal Of Case Due To AMF’s Delay
David Baazov, the founder and former CEO of Amaya Gaming wants his insider-trading case dismissed by the Quebec court, citing delays from the prosecution. Baazov and his lawyers filed a motion in October with the Quebec court to have his
Read MoreUNLV Report Commissioned By Japan Will Guide IR Framework
The Japanese Government had earlier commissioned researchers at the University of Nevada Las Vegas (UNLV)’s International Gaming Institute and Washington State University to put together research papers that will help guide the Japanese government’s decisions regarding putting together gaming regulations
Read MoreFirst Two Vietnamese Casinos To Welcome Locals Confirmed
The Vietnamese gambling market is all set to expand as two casinos are expected to open their doors to locals following the casino decree passed in January. During a GGRAsia-moderated panel at the recently-concluded MGS Entertainment Show (MGS) in Macau,
Read MoreStars Group Looking To Raise $2.5bn For Mergers & Acquisitions
Stars Group Inc., the company that owns online poker giant PokerStars announced during a third quarter call that the company planned on raising up to $2.5 billion to fund future merger and acquisition ventures and was confident that it would
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