The chairman of Australia’s Star Entertainment Group told colleagues he wanted to “abolish” the state’s gaming regulator in a bid to “level the playing field” with NSW pubs and clubs, an inquiry…
Morgan Stanley: Macau hotel occupancy and room rates likely weaker during May Golden Week holidays
The occupancy and Average Daily Rate (ADR) of Macau’s hotels are expected to be weaker throughout the upcoming May Golden Week than during the most recent Chinese New Year (CNY) holiday period…
Harrah’s Columbus Sets Opening Target, First Permanent Casino in Nebraska
Harrah’s Columbus has been given the green light by the Nebraska Racing and Gaming Commission to open its doors next month. On Friday, state gaming regulators approved Harrah’s plan to open its…
MMA Fighter Turned Bookie Gets Two Years in Chicago Mob-Linked Case
A former MMA fighter turned illegal Mob-linked bookie who claims to have reformed his ways was sentenced to two years in prison Friday. Michael Frontier from Chicago pleaded guilty in January to…
VEGAS RESTAURANT ROUNDUP: Morgan Wallen Opening Ole Red Clone, Last Roundup for Holsteins at Cosmo
Looks like Blake Shelton will soon no longer be the only one in the country-star-opens-a-restaurant-and-bar-in-Nashville-and-then-Vegas business. Morgan Wallen — called “the biggest country star of the 2020s” by the New York Times…
Online Betting, Marijuana Altering State Tax Bases
US states have long applied so called “sin taxes” to items such as alcohol, beer, cigarettes, other tobacco products, and wine as avenues for bolstering revenue. More recently, marijuana and sports wagering…
1Q Macau gaming tax revenue doubles year-on-year
The Macau government’s take from taxes on gaming increased by 116.8 percent year-on-year in the first three months of 2024, show provisional data disclosed on Monday by the city’s Financial Services Bureau….
RGB unit acquires 86 Philippines ops slots for US$2.2mln
A wholly-owned unit of Malaysia-based slot machine supplier RGB International Ltd is acquiring 86 gaming machines operated in the Philippines and controlled by a company in Timor Leste, for a consideration of…
LVS group refinancing likely hailed by markets: CBRE
Coming refinancing of US$1.8 billion in debt due in August 2025 that had been issued by Macau casino operator Sands China Ltd, is likely to coincide with “some level of debt paydown…
Macau government’s gaming tax take down slightly to US$883 million in March
The Macau SAR Government collected gaming tax revenue of MOP$7.13 billion (US$883 million) in March, representing a 77% increase over the same month in 2023 when tax take was MOP$4.02 billion (US$498…