Casino hubs Macau, Las Vegas, use art to draw visitors from around the world

Cory Roberts, CDC Gaming Asia

2019-10-10With the five-month Art Macao event now drawing to a close, the Macau government has been quick to call it a success. The wide-ranging event saw 21 international art exhibitions, 6 outdoor art installations, 11 large-scale performances and 3 interna…… [Read More]

Macau Golden Week visitation up 11.5%, nears 1 million visitors

CDC Gaming Asia

2019-10-10Macau welcomed nearly 985,000 visitors during China’s October Golden week from October 1 to October 7 – an 11.5% rise when compared with the 883,000 visitors who traveled to Macau during the holiday in 2018. Greater China markets accounted for 947,…… [Read More]

Africa: Strong and stable – Part 2

Andrew Tottenham, CDC Gaming Reports

2019-10-10This column is a continuation of last week’s column ‘Africa: Strong and stable – Part 1’ South Africa has a solid legal system and regulatory structure, but an ever-growing thirst for tax revenue is pushing the introduction of new gambling products…… [Read More]

Analysts: Macau casinos may be challenged to match 2018’s revenue total

Howard Stutz, CDC Gaming Reports

2019-10-10A less than 1% increase in Macau’s monthly gaming revenue figure didn’t surprise the investment community. Typhoons, ongoing protests in Hong Kong against the Chinese government, continued fears over the China-U.S. trade war, and the soft Chinese e…… [Read More]

MGM Resorts, victims of Las Vegas shooting reach settlement of between $735 million and $800 million

Howard Stutz, CDC Gaming Reports

2019-10-10MGM Resorts International and attorneys representing substantially all plaintiffs in litigation involving the October 1, 2017 shooting in Las Vegas said Thursday they have reached a settlement agreement, with the casino operator paying between $735 …… [Read More]

Perelman add another 150,000 shares to his majority holding in Scientific Games

Howard Stutz, CDC Gaming Reports

2019-10-10Before last week, Scientific Games Chairman Ron Perelman spent more than $37 million to boost his ownership stake in the Las Vegas-based gaming equipment supplier. So what’s another $3.1 million? Two additional stock acquisitions – 100,000 shares …… [Read More]

Macau suspicious gambling transaction reports down 18% YTD

CDC Gaming Asia

2019-10-09According to statistics from the Financial Intelligence Office, the anti-money laundering watchdog of Macau, Suspicious Transaction Reports (STRs) from gambling operators for the first nine months of 2019 dropped 18% from 1,687 in 2018 to 1,382. Ga…… [Read More]

2019 Asian Gaming Power 50 Black Tie Gala Dinner Rapidly Nearing Sellout with 90% of Tickets Sold

Inside Asian Gaming

2019-10-09Macau, 9 October 2019 – Leading B2B Asian gaming industry publication Inside Asian Gaming (IAG) is pleased to announce that it has now sold 90% of tickets to the Asian Gaming Power 50 Black Tie Gala Dinner, to be held at the JW Marriott Grand Ballro…… [Read More]

MGM China, Pansy Ho, MGM Resorts extend branding and non-compete agreements to align with 2022 gaming concession expiry

Inside Asian Gaming

2019-10-02MGM China Holdings has announced the extension of long-running branding and non-compete agreements with its Co-Chairperson and Executive Director Pansy Ho, and parent company MGM Resorts International, that will see their expiry dates align with tha…… [Read More]

Ruffin, others stand ready to join Strip buying frenzy

Howard Stutz, CDC Gaming Reports

2019-10-02Now that Caesars Entertainment has finally unloaded the Rio after more than 10 years on the sales block, the attention turns toward Circus Circus, MGM Resorts International’s slightly awkward, unloved stepchild. According to press reports, a suitor…… [Read More]