Korean foreigner-only casino operators Grand Korea Leisure and Paradise Co enjoyed contrasting fortunes in June, with GKL seeing its casino revenue climb significantly while Paradise fell sharply away. Neither company provided any…
Korea’s Paradise Co forecasts reaching almost US$1 billion in sales by 2026
South Korea’s leading foreigner-only casino operator, Paradise Co, said Wednesday it forecasts reaching almost US$1 billion in sales by 2026 as it looks to grow its international business. In a filing following…
AGEM Index up 7.7% in June on positive Aristocrat, Light & Wonder movement
The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 7.7% or 94.57 points to 1,330.19 points in June, with Aristocrat and Light & Wonder…
Commission Against Corruption says Macau IR employee took bribes to secure employment for unqualified Chinese workers
A supervisor working at an integrated resort in Macau solicited bribes from mainland Chinese workers to secure them jobs without having to go through a formal interview process. According to details outlined…
World Series of Poker Main Event gets underway in Las Vegas
The 2024 World Series of Poker (WSOP) Main Event is officially underway, with play getting underway at the Horseshoe Las Vegas and Paris Las Vegas earlier this morning (Asia time). All eyes…
Sofitel Macau at Ponte 16 celebrating two milestone anniversaries in 2024
Macau’s Ponte 16 Resort is celebrating two important milestones this year: the 16th anniversary of the resort’s opening and the 60th anniversary of the Sofitel hotel brand. Opened in 2008, Ponte 16…
Macau’s Court of Final Appeal dismisses Alvin Chau appeal, upholds 18-year jail sentence
Macau’s Court of Final Appeal has dismissed an appeal by former Suncity Group CEO Alvin Chau and upheld his original 18-year prison sentence. The verdict was delivered on Wednesday afternoon in a…
First-Time Gambler Wins Massive Jackpot at Hard Rock Atlantic City
A man who claimed to have never gambled before struck it rich just moments after placing his first bet at a casino resort in Atlantic City. Hard Rock Hotel & Casino Atlantic…
Talks fail on Okada Manila parent acquiring Uy’s Emerald Bay
PH Resorts Group Holdings Inc, linked to the stalled Emerald Bay casino resort project (pictured) in Mactan, Cebu, confirmed in a Tuesday filing the termination of a term sheet with Tiger Resort…
Lotte Tour’s June casino revenue dips 30pct m-o-m
Lotte Tour Development Co Ltd, the promoter of the Jeju Dream Tower resort on South Korea’s Jeju Island, reported casino net revenue of just over KRW18.95 billion (US$13.6 million) in June, down…