Gaming

Taste of freedom

Nearly half of the Chinese nationals in the Jack Lam Fontana operation have been freed on bail

About 600 of the more than 1,300 Chinese nationals detained after a raid on the Fontana Leisure Parks and Casino property have been released after posting bail, according to local media reports yester

US$2.4 mln Okada Manila opened for preview yesterday

Okada Manila Integrated Resort offered customers a glimpse of what is to become one of the largest developments of its type in the Philippines

Okada Manila, a 5-star integrated resort being developed by Tiger Resort, Leisure and Entertainment Inc.

Galaxy requests bankruptcy for Iao Kun-linked promoter

Sang Heng Gaming Promotion Company Ltd and Sang Lung Gaming Promotion Company Ltd, both promoters for Iao Kun, were asked by Galaxy to repay credits totalling HK$312 million

Galaxy Entertainment Group (GEG) – via its subsidiary Galaxy Casino Company Ltd – has requested the city’s Court of First Instance to declare the bankruptcy of a gaming promoter linked to junket opera

Fitch: operators in good positions for Japan bids

The rating agency, however, points out Las Vegas Sands Corp is best positioned among its rivals

Gaming operators are “generally well positioned” for their balance sheets to undertake the investments to build new casinos in Japan, with Las Vegas Sands Corp.

Duterte orders Jack Lam assets sequestered

Two immigration bureau officials could face extortion charges, while Lam could lose ‘perpetual license’ for casino operations and reduced tax rate privilege on junket operations

Philippines President Rodrigo Duterte has ordered the properties of Jimei Group founder Jack Lam to be seized, according to local media reports.

MSAR to monitor Japan casino law

Japan’s parliament passed casino legislation yesterday.

The Secretary for Economy and Finance, Lionel Leong Vai Tac said yesterday that the MSAR government would pay close attention to the future details of Japan’s gaming casino policies in order to mainta

‘Trash talk’

President of the Bahamian local branch of Chow Tai Fook Enterprises considers the allegations of a connection between the group and Chinese criminal gangs “baseless, unfounded and untrue”

The accusations of links between Chow Tai Fook Enterprises (CTFE) and Chinese criminal gangs are “baseless, unfounded and untrue”, said the President of the group’s Bahamas subsidiary, Graeme Davis,

Spectrum: Local mass to drive industry in 2017

Research firm Spectrum Gaming Group predicts the city’s mass market will dominate the gaming industry next year whilst the share of VIP revenue will decline to less than 50 per cent for the first time

Mass reliance

Month to date average daily rates for the first 11 days of the month saw a 10 per cent increase month-on-month in December, reaching MOP626 million (US$78.3 million) in gross gaming revenue, according

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