Category: Alternative

Wynn Opens Extravagant $4.2B Palace In Slumping Macau

Cotai’s first new resort in three years, Studio City, had a movie theme and its own specially commissioned film, The Audition, starring Brad Pitt, Leonardo DiCaprio, Robert De Niro and director Martin Scorsese. Cotai’s second new resort since 2012, billionaire…

Silver Heritage Seeks India Gaming Gold In Nepal

India may be the next big thing in Asian gaming, and one of the region’s most nimble casino operators is offering investors a piece of the action. Silver Heritage Group began trading on Australia’s stock exchange last month as it…

Wynn Helps Macau Break 26 Month Losing Streak (Maybe)

Macau ended its 26-month casino revenue losing streak in August. The long awaited, often predicted gain follows the current wave of Cotai openings’ most anticipated event so far, the debut of Wynn Palace on August 22. Previous openings of Galaxy…

Shanghai Disneyland Doesn’t Scare Casinos, But Maybe It Should

Casino operators and industry experts largely believe Shanghai Disney Resort, opened June 16, will have no impact on Asia’s casinos. Waiting 90 minutes in hopes of getting the front car for Seven Dwarfs Mine Train is the closest thing to…

What Do The Olympics And Macau Have In Common? Incompetence

The run-up to this year’s games in Rio de Janeiro again shows that the quadrennial celebration of vanity, nationalism and hypocrisy called Olympics are long past the expiration date on their performance enhancing drug vials .  Macau authorities seem to…

Macau Casino Revenue Falls For 26th Straight Month As Cotai Openings Loom

Macau’s gross gaming revenue fell 4.5% in July to 17.8 billion Macau patacas (MOP; US$2.2 billion). For the global casino capital, it’s the 26th consecutive year-on-year decline in monthly gaming revenue, and for the first seven months of 2016, gaming…

As China Slows Down, Asian Casino Operators Eye Tough European Market

Tough times at home have Asian casino operators eyeing Europe in search of returns. “With China down, it’s about finding revenue elsewhere,” Global Market Advisors managing partner Steve Gallaway says. But Europe is a much tougher market than Asia, with…

Macau Casino Mogul Picks Lui Prize Winners, Including Jimmy Carter, MSF

Turning 87 in August and worth more than US$8 billion, Lui Che Woo still goes to the office every day, betraying a fondness for routines. “Philanthropy is just part of my routine,” the founder of Hong Kong’s K. Wah Group…

Macau’s Casino Revenue Falls Again, Slump Enters Third Year

Pull out your green eyeshade, miner’s lamp and magnifying glass to find signs of Macau’s stabilization and recovery in June and second quarter revenue reports. Casino revenue fell 8.5% in June, the 25th consecutive decline from the same month a…

Sale Of Savan Vegas Shows All Bets Are Off In Laos’ Murky Casino World

My Odd Couple column last November highlighted the issues surrounding Savan Vegas casino in Laos. The Lao government put Savan Vegas out for bids after seizing the casino resort from its foreign owners. There’s not much reason to expect a…

Jeju Sun Sets On Philippine Billionaire Razon, Rises For Macau Junket In Korea

Bloomberry Resorts’ sale of its Jeju Sun casino in South Korea reflects the decline of one Asian gaming trend and the rise of another. The operator of Solaire Resort and Casino in Manila, controlled by billionaire Enrique Razon Jr, agreed…

Macau Needs Less Finger Pointing, More Public-Private Partnership

The casino has evolved over the decades. While automatic shufflers, electronic slot machines and progressive jackpots have made their marks, the biggest changes in the casino business have taken place beyond the gaming floor in the package around it. The…

New Vietnam Casino Proposal A $4 Billion Gamble

Casino news about Vietnam tends to focus on what might happen than what is actually happening. Vietnam’s young population of about 90 million with a propensity to gamble – mainly underground or across the border in Cambodia – and a…

Macau’s Casino Junkets Fight Back On China’s Anti-graft Rules…Will It Be Enough?

The head of Macau’s junket promoter trade association says there’s an “indirect connection” between China’s anti-corruption campaign and the fall in Macau’s VIP revenue. Whatever the link, there’s no denying that times keep getting tougher for Macau’s junket promoters. VIP…