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Las Vegas Sands CEO Rob Goldstein reiterates interest in Asia expansion
Las Vegas Sands Corp CEO Rob Goldstein has reiterated his interest in potentially expanding their operations in Asia, other parts of the U.S. and digitally, using the proceeds from their recent Las Vegas property sale. During the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access...
SkyCity CEO sees future in convergence
SkyCity Entertainment Group chief executive Michael Ahearne says the future lies in online and land-based gaming convergence, a comment he has made after two years of leading the company’s online efforts. “If you look at all industry and sectors, particularly retail sectors, you’re seeing a...
The reason the casino still won big despite the strong visitors
Casinos always take measures to prevent fraud, implicitly impact player psychology, set odds to maximize profits. If you have the opportunity to enter the casino, pay attention to the surroundings, you will probably discover how the house controls and affects all the players' experiences: from...
Crown ripe for LVS purchase: Bernstein
The sale of Las Vegas Sands’ Vegas properties for $6.25 billion could be an opportunity for Sands to put their boots down in Australia through a purchase of Crown Resorts, according to Bernstein analyst Vitaly Umansky. “Crown Resorts could be a good fit for Sands in the long run. The company is...
Yumul denied license to become IPI CEO
The CNMI’s Commonwealth Casino Commission has rejected former CNMI Senator Ray N. Yumul’s application to be temporarily licensed as the CEO of Imperial Pacific International, citing the fact that the fees for the ninety-day license have yet to be paid. This rejection comes despite CEC Executive...
Aristocrat mulls M&A to expand in digital
Aristocrat Entertainment CEO Trevor Croker said the company plans to “significantly escalate” its focus on convergence products and services, which may involve mergers and acquisitions. In his annual address to shareholders, Croker said the group had undertaken a strategic review of its...
Crown Perth told to cease junket play
The Gaming and Wagering Commission of Western Australia (GWC) today issued a directive to Crown Perth to cease all junket and premium player activity. According to a filing from Crown Resorts on the Australian Stock Exchange, the ban on high roller activity includes any conduct of junkets, or...
Victoria to shake up gambling regulation
The state of Victoria is reviewing its gambling legislation and plans to set up an independent casino regulator following the findings of a damning report into Crown Resorts in New South Wales. The state government said that Minister for Consumer Affairs, Gaming and Liquor Regulation Melissa Horne...
Operators need to reassess junket relations: SVA
Casino operators should reassess their relationships with their junket partners in the wake of the Bergin report into Crown Resorts and the changes in the global geopolitical climate, according to SVA, a corporate and political risk consultancy. CEO Steve Vickers gave evidence during the Bergin...
SkyCity sees opportunity in local business, online gaming
New Zealand casino operator SkyCity Entertainment Group saw mixed financial results for the six months ended December 31, 2020, with strong local gaming performance, but weaker tourism-related business over the half-year. The company, which operates four casinos in New Zealand and one casino in...most popular
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MoF reports on casino businesses’ financial losses
The first casino in Hoi An is about to open after 4 years of construction On June 28, Hoiana Phase 1 is ready to open its doors to customers to experience the first infrastructure. After 4 years of construction, the Hoiana complex project is expected to open to welcome the first guests at the...