Monthly Archives: July 2016

Amax seeks to reopen Beijing Imperial Palace Hotel

Date

July 27, 2016

Author

none

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/amax-seeks-reopen-beijing-imperial-palace-hotel.html

Amax International Holding, a shareholder in Greek Mythology, which runs a casino at the Beijing Imperial Palace Hotel, revealed that it is setting up a special working committee to reopen the hotel within the next six months… it could continue to operate its casino that closed on December 31, 2015, reportedly to undergo renovation works. Amax added that they are particularly interested in resuming the VIP business at the Greek Mythology casino.

Parisian Macao opening just 48 days away

Date

July 27, 2016

Author

none

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/parisian-macao-opening-just-48-days-away.html

Sands China held an event yesterday on the site of The Parisian’s replica of the Eiffel Tower. Wilfred Wong, president and chief operating officer of Sands China, updated the media on developments with the resort and company. Wong and other senior executives were present to formally pen the opening date of The Parisian Macao for September 13.

Sands hopes to get more gaming tables for Parisian in Macau

Date

July 27, 2016

Author

none

Source

Macau News

Region


Subject

Macau

URL

http://macaunews.com.mo/sands-hopes-get-gaming-tables-parisian-macau/

Sands China President Wilfred Wong Ying Wai said he hopes the government will give the company more gaming tables for The Parisian resort considering how much it has invested in the non-gaming elements there… The US$2.7 billion resort will have 3,000 rooms, 150 shops and 11 cafés and restaurants, a 1,200-seat theatre, meeting and exhibition facilities, a water park, and “a big casino”… “We’re in the process of applying [for gaming tables],” he said.

Macau Casino Mogul Picks Lui Prize Winners

Date

July 27, 2016

Author

Muhammad Cohen

Source

Forbes

Region


Subject

Macau

URL

http://www.forbes.com/sites/muhammadcohen/2016/07/27/macau-casino-mogul-picks-lui-prize-winners-including-jimmy-carter-msf/%23542cde91bb32

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 and Macau gaming concessionaire Galaxy Entertainment Group says. One of Forbes Asia’s 2016 Heroes of Philanthropy, over the past year, Lui has transferred the anything but routine sum of US$1.2 billion to endow the new Lui Che Woo Prize and ensure the sustainability of his decades of giving, mainly in education and medical science, through the Lui Che Woo Foundation.

Casino firm Silver Heritage plans US$19-mln IPO

Date

July 27, 2016

Author

none

Source

Gross Gaming Revenue Asia

Region


Subject

finance

URL

http://www.ggrasia.com/casino-firm-silver-heritage-plans-us19-mln-ipo/

Silver Heritage Group Ltd, an operator of casinos in Nepal and Vietnam, has applied for $18.7-million initial public offering ahead of a proposed listing on the Australian Securities Exchange. “Funds will primarily be used for development of Tiger Palace Resort, located in Nepal close to the Indian border,” said a press release.

SBMA orders closure of the Oriental Paradise Casino

Date

July 27, 2016

Author

none

Source

Asia Gaming Brief

Region


Subject

Philippines

URL

http://agbrief.com/news/sbma-orders-closure-oriental-paradise-casino

The Subic Bay Metropolitan Authority (SBMA) has ordered the closure of the Oriental Paradise Casino for allegedly ignoring the agency’s reminders on its unfulfilled obligations. SBMA chair Roberto Garcia on Monday reportedly issued a cease-and-desist order to Frontier Wish International Ltd. (FWIL), operator of the Oriental Paradise Casino for refusing to heed freeport rules on revenue-sharing.

Daily fantasy sports operator launches in Australasia

Date

July 27, 2016

Author

none

Source

Asia Gaming Brief

Region


Subject

sports

URL

http://agbrief.com/news/daily-fantasy-sports-operator-launches-australasia

Oulala.com, the daily fantasy sports (DFS) operator and B2B provider, will unveil its monetized platform for Australasia and the Indian subcontinent at the beginning of the new football season. The latest expansion of the European daily fantasy football site is a white label agreement between OulalaGames and Cardinal House Group, the Australian registered B2B and B2C provider of online social gaming products and real money gambling platforms.

France Pari buys Spain’s sports betting company Suertia

Date

July 27, 2016

Author

none

Source

Yogonet

Region


Subject

acquisition

URL

http://www.yogonet.com/international/2016/07/27/france-pari-buys-spains-sports-betting-company-suertia

Although France Pari did not disclose the financial details of the deal, it did say in a statement that the acquisition is part of the European development strategy for its various activities. France Pari has acquired 100% of the shares in Spanish operator Suertia. The company is already active in the French, Belgian and Maltese sports betting markets.