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Philipppine’s Gaming Industry Revival Boosts Melco Crown Casino
Due to an increase in junket and VIP demand, the casino industry’s gross gaming revenue (GGR) in the Philippines is witnessing strong growth according to brokerage firm Nomura. In a statement Daniel Adam Brian H. and Harry C. Curtis, analysts
Read MoreMacau Casinos Expect Higher GGR During Chinese New Year
The Chinese New Year (CNY) also referred to as the Spring Festival is the biggest festival in China and lasts for nearly two weeks. The CNY starts on January 27 and will finish on February the 15 – with Chinese
Read MoreReports Suggest Gaming Tax Hike In Russia Being Mulled Over
An amendment planning to hike gaming taxes in Russia has the potential to double the taxes being paid on gaming machines and tables by the country’s largest casino Tigre de Cristal. According to Grant Govertsen, an analyst with brokerage Union
Read MoreCaesars Entertainment Gets Approval For Exiting Bankruptcy
Las Vegas-based casino operator Caesars Entertainment Corp has finally brought a close to the two-year-long $18 billion bankruptcy of its main unit after wrapping up a lengthy legal battle. Its main operating subsidiary, Caesars Entertainment Operating Co. Inc. (CEOC) received
Read MoreEGT Consolidates Position With Key Monaco Casino Operator SBM
Bulgarian gaming equipment supplier Euro Games Technology (EGT) has announced that it has successfully supplied a second large order of gaming machines to two casinos in Monaco. The two casinos were the Café de Paris and Sun Casino. In the
Read MorePennsylvanian Casinos Fined For Allowing Underage Gambling
Two casinos in Pennsylvania have been hit with hefty fines by the state’s gambling board for allowing underage gambling on their premises. The state allows only those over age 21 to gamble in the casinos. Most of these cases involve
Read MoreRussia’s Sochi Gambling Zone Opens Its First Casino
According to local media reports, the first casino in the Russian city of Sochi opened its doors officially to the public on Jan 5. The casino is known as the Sochi Casino and Resort and is operated by Domain LLC.
Read MoreTourism Complex Gets Approval For Two New Casinos in Barcelona
The Catalonia government in Spain has approved the Urban-Development Master Plan (PDU) for the proposed BCN World in Barcelona now renamed as the ‘Tourist and Recreation Complex’. Spread over 750,000 sq. m. the complex is likely to have two casinos
Read MoreGlobal Casino Gaming Equipment Market To Grow By 15 Percent
The global casino gaming equipment is slated to grow at a compounded annual rate of 15 percent according to a research report from Technavio. The company is a market intelligence firm that has complied data which estimates that the casino
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