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Australian Queensland authorities found there was "insufficient evidence to conclude that it was inappropriate" for Hong Kong firm Chow Tai Phuong Enterprises (CTFE) or its affiliates to become 25% investors in Destination Brisbane Consortium, which holds casino licenses for its yet-to-open Star Brisbane (pictured).Star Entertainment Group, the company that will [more...]
SunCity Group Holdings, a Hong Kong-listed vehicle controlled by Macau casino junket investor Alvin Chauchukwa (pictured), will borrow up to HK$1.5 billion (roughly US$191.2 million) unsecured from a company he fully owns.The purpose of the loan, at 3.5% annual interest, is to fund Listco's "daily operations, mergers and acquisitions, investments, [more...]
The website of the United Arab Emirates' gambling regulator GCGRA was opened to the public, and the UAE also announced the first lottery permit.Brokerage CBRE Capital Advisors Inc suggested in a Sunday report that both phases serve as "key markers" for the federal Middle East state's commitment to gaming commerce."While [more...]
It is no secret that online sports betting is rapidly growing in New York, but its increasing popularity could be bad news for local bettors. In a recent Shanley Olszowy, the program manager for Western Problem Gambling Resource Center, spoke about problem gambling. Currently, New Yorkers are losing US$4 million [more...]
Athens-based gaming and lottery provider Intralot SA reported a net loss of 15.5 million euros ($20.7 million) in the second quarter of 2014. That was the worst net loss the company reported in the same period a year ago, driven by higher costs such as sales, sales costs, interest and [more...]
Genting Hong Kong Ltd, a joint venture of Resorts World Manila Casino Complex in the Philippines, said on Tuesday its overall profit for the six months to June 30 was $210 million, much higher than previously expected. That was up 813% year-on-year.In a positive profit warning for the Hong Kong [more...]
Las Vegas Sands is stepping up efforts to pursue full casino licenses in northern New York. Recently, the gambling leader announced at the Naso Veterans Memorial Coliseum that he has secured Canyon Ranch, a leader in destination wellness, in a $4 billion bid for an integrated casino resort on Long [more...]
Hydrofoil, sailing to Macau, crashed into a seawall in the city's port on Friday morning in an accident that hit a busy waterway between Macau and Hong Kong.Macau's health department said in a statement that about 70 people were injured in the incident. Of those injured, 59 were Hong Kong [more...]
Genting Malaysia's board on Monday recommended a final single-tier dividend of MYR0.05 (US$0.0122) per share of common stock last year.The final dividend for 2018 to Genting Malaysia is still subject to ratification by shareholders at its June 5 board meeting. If agreed, the final dividend will be paid on July [more...]
Shares of Hong Kong-listed casino investment firm Landing International Development jumped more than 40% on Tuesday after Chairman Yang Tzu-hui announced he had returned to work.Landing International, which currently operates a casino resort complex on South Korea's Jeju Island, said in a filing to the Hong Kong Stock Exchange late [more...]
This year's Global Gaming Expo (G2E) Asian Casino Trade Fair and Conference in Macau, Venice, June 4-6, will feature Udorn Olson, an adviser to Thai lawmakers on casino legalization, as a speaker.Alejandro Tengco, chairman and chief executive of Philippine casino regulator Pagcor, is scheduled to be the keynote speaker for [more...]
Coach Bangsang Kompany does not seem to have agonized when he received Bayern Munich's offer."The issue of appointing Munich's next head coach is likely to finally end," Germany's "Bavarian Football" reported on the 23rd (Korea Standard Time). The final candidate will be Kompany, who led Burnley.The media reported multiple news [more...]
