Stephen Schwarzman, the billionaire founder, chairman, and chief executive of Blackstone Group, one of the world’s richest private equity giants that has significant holdings in the global casino industry, says he will…
Philippines pledged to up AML work: Moody’s analyst
“It is clear” the Philippines “is committed to strengthening anti-money laundering and combatting the financing of terrorism [AML/CFT],”… and the country “has implemented more stringent requirements, says Choon Hong Chua of Moody’s…
WPT announces cancellation of June event planned for Macau
The World Poker Tour (WPT) has announced the cancellation of a poker festival and championship that was to take place in Macau from June 18. The event – including the WPT Macau…
Philippine senator files bill to outlaw offshore gaming ops
Philippine senator Sherwin Gatchalian (pictured) has filed a bill seeking to outlaw operations of Philippine Offshore Gaming Operators (POGOs) in the country. Mr Gatchalian, the chair of the Senate Committee on Ways…
World Poker Tour announces cancellation of WPT Macau poker series
The long wait for international poker to return to Macau looks set to last at least a little longer after the World Poker Tour announced overnight that WPT Macau, previously scheduled to…
Las Vegas room rates trend up as summer visitors flock to the city
As Las Vegas handles a Memorial Day weekend crowd projected at nearly 350,000 visitors spending more than $430 million, surveys show room rates have trended up. Furthermore, they will continue to do…
Backlash Forces Louisiana Senator to Withdraw Casino Contribution Amendment
Initially, Sen. Pressly introduced a bill that aimed to eliminate the ban on casino campaign contributions without any public debate After previously trying to remove the existing legislative prohibition that prevented casinos…
DraftKings, Red Rock Resorts Among Gaming Companies Tapping AI
Gaming companies are increasingly deploying artificial intelligence (AI) in a variety of ways, confirming the industry could be a dedicated, long-term adopter of the disruptive technology. In a recent report to clients,…
Two children of MD Chuah among senior RGB appointments
A son and daughter of Chuah Kim Seah, managing director of Malaysian casino equipment firm RGB International Bhd, have been named to new senior roles within the organisation. Chuah Eng Meng has…
Macau satellite biz Emperor Ent in US$84mln HK apt deal
An offshore unit of Macau satellite casino promoter Emperor Entertainment Hotel Ltd is to acquire a 25-storey building in the Central district of Hong Kong from a connected company, for a total…