Monthly Archives: February 2016

Number of overnight tourists growing

Date

February 26, 2016

Author

none

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/statistics-number-overnight-tourists-growing.html

Tourist arrivals totaled 2,445,876 in January 2016, down slightly by 0.8 percent year-on-year and down by 7.1 percent month-to-month… the number of overnight visitors has increased by 5.3 percent year-­on-year to 1,145,902… The average length of stay of visitors increased by 0.3 of a day year-on-­year, to 1.2 days

Hung’s ‘ultra-luxury’ hotel named ‘The 13’

Date

February 26, 2016

Author

none

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/hungs-ultra-luxury-hotel-named-13.html

The “ultra-luxury” Louis XIII hotel expected to open later this year has been named “The 13.” … “As the business and the brand have developed, we felt that the name ‘The 13’ most accurately reflected our Macau hotel’s combination of Baroque inspiration and contemporary accents,” said co-chairman Stephen Hung… Of the ‘all-villa’ hotel’s 200 rooms, most will be Villa du Comte suites… Each of these rooms will be approximately 2,000 square feet.

Japan Casinos off the Table Despite Favorable Cards

Date

February 26, 2016

Author

Muhammad Cohen

Source

Forbes

Region


Subject

Japan

URL

http://www.forbes.com/sites/muhammadcohen/2016/02/26/japan-casinos-off-the-table-despite-favorable-cards/?utm_campaign=yahootix&partner=yahootix%2328da1ead4eeb

Often inscrutable Japan has taken the mystery out of the casino question for this year’s legislative session. Last month, the ruling Liberal Democratic Party (LDP) declared the Integrated Resorts Promotion bill will not be introduced during the current sitting of the Diet. That makes the already remote possibility of integrated resorts in Japan in time for the 2020 Olympic Games in Tokyo a near impossibility. Conditions are actually quite favorable for Japan to introduce casinos, except in Japan’s political crucible.

Legal Thailand casinos worth $2.8 billion in taxes: study

Date

February 26, 2016

Author

none

Source

Gross Gaming Revenue Asia

Region


Subject

Thailand

URL

http://www.ggrasia.com/legal-thailand-casinos-worth-us2-8-bln-in-taxes-study/

The legalization of casino gambling in Thailand could bring annual tax revenues to the country of over $2.8 billion… General Somyot had said illegal gambling was “rampant” within Thailand, and that money raised from taxes on legalized casino gambling could be spent on education and social affairs within the country. Scholar Mr. Sungsidh argued that legalizing casinos in Thailand could help reduce the number of cases of illegal gambling.

Mohegan Sun-KCC consortium selected as winner of South Korea casino bid

Date

February 26, 2016

Author

none

Source

Asia Gaming Brief

Region


Subject

Korea

URL

http://agbrief.com/news/mohegan-sun-kcc-consortium-selected-winner-south-korea-casino-bid

U.S. casino operator Mohegan Sun and KCC Corp have been selected as the winner of an integrated resort project in Incheon… Mohegan’s bid with KCC envisions a $1.2 billion investment to build a casino, luxury hotel, shopping areas, an entertainment arena and convention venues on the island by 2019.

Remote South Korea casino cleans up as China gamblers fold

Date

February 26, 2016

Author

Joyce Lee

Source

Reuters

Region


Subject

Korea

URL

http://uk.reuters.com/article/us-southkorea-casino-kangwon-land-idUKKCN0VX2YO

Asia’s best performing casino won’t be found on Macau’s Cotai Strip, Singapore’s waterfront or even the shores of Manila Bay, but tucked away at the end of a winding mountain road, three hours east of Seoul… Kangwon Land is the top performing casino stock in Asia over the past year, having surged 21 percent. Now valued at $7.2 billion, it trails only Sands China and Galaxy Entertainment in the region.

Casinos Austria shareholders form JV to resolve disputes

Date

February 26, 2016

Author

none

Source

Reuters

Region


Subject

Austria

URL

http://www.reuters.com/article/casinosaustria-czech-novomatic-idUSL8N1652X4?rpc=401

Austrian gaming technology firm Novomatic and a group of Czech investors have agreed to set up a joint venture to combine their shareholdings in Casinos Austria and Austrian Lotteries… the joint venture, which will hold more than 51 percent in Casinos Austria, settles disputes among shareholders. Austrian Lotteries is a part of the Casinos Austria group. Unlisted Casinos Austria, one third owned by the Austrian state, earned a net profit of 41.7 million euros ($46 million)in 2014 on revenue of 3.6 billion euros. Beyond its domestic markets, it runs gaming and sports betting operations in a number of east European countries.