Tigre de Cristal To See A Ramp Up In VIP Gaming Volumes
Investment firm Union Gaming Securities Asia Ltd. has predicted strong growth for the Russia-based casino Tigre de Cristal. Owned by Summit Holdings, which is controlled by Macau casino tycoon Lawrence Ho Yau Lung via subsidiaries, the Tigre de Cristal casino
Read MoreFew Pennsylvania Casinos Agree to Continue Host Fee Payments
In wake of Pennsylvania’s Supreme Court striking down payments made by casinos to host communities, several casino operators have voluntarily signed agreements to continue these host payments, although the state’s largest casino, Sands Bethlehem is not one of them. Parx
Read MoreJapan Legalizes Casino Industry After Legislators Clear Gambling Bill
The Japanese parliament has finally approved a contentious bill legalizing gambling in the country. According to local media reports, both houses of the parliament have now cleared the bill although it was later revised to include stronger measures to counter
Read MoreGun Lake Casino Pays Out $6.9M to Local And State Government
Gun Lake Casino, a tribal casino in the state of Michigan has made payments to the tune of $1.82 million to its host communities and $3.97 million to the state. The Gun Lake Tribe which owns the casino made the
Read MoreMacau Gaming Director Optimistic On Casino Growth
The director of the Gaming Inspection and Coordination Bureau has predicted that Macau will see sustained growth in casino revenue next year on the back of rising mass market gambling and better control on high-stakes gambling. Paulo Chan the director
Read MoreShuttered Baha Mar Casino Resort Likely To Open In 2017
The Prime Minister of Bahamas Perry Christie has announced that the $3.5 billion troubled Baha Mar casino resort will open in the second quarter of 2017. Speaking at a Bahamas Hotel Association event, Christie said that Hong Kong-based company Chow
Read MoreTen Owner Glenn Straub Sues New Jersey Casino Control Commission
Florida real estate developer Glenn Straub, the new owner of Atlantic City’s former Revel casino now renamed TEN Atlantic City has filed a lawsuit against the New Jersey Casino Control Commission as he fights to reopen the property. In the
Read MoreMacau Casino Revenue Predicted To Grow Till End Of The Year
Forecasts by several market analysts hint that Macau’s casino industry’s gross gaming revenue (GGR) is likely to continue on its trajectory of growth in November as well. The casino hub saw a positive revenue trend in August for the first
Read MoreNovomatic Expects Ainsworth Partnership To Boost Asia Presence
Novomatic AG, the gaming machine manufacturer based out of Austria is expecting its partnership with Australia’s Ainsworth Game Technology Ltd, a leading slot machine supplier to boost its presence in Asia. In a statement, Jens Einhaus, Sales Director of Novomatic
Read MoreNevada Regulators Advises Casinos Against Marijuana
The Nevada Gaming Control Board has made its stance on the marijuana industry very clear ever since medical marijuana was legalized in 2014. Back then, the board sent out a notice to all regulated casinos and informed them that it
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