Philippine Billionaire Enrique Razon Jr. Sells $74.7M Slice of Bloomberry Resorts

In a shuffling of assets to prepare for his next phase of domestic development, Philippine billionaire Enrique Razon, Jr., has sold 3.18 percent of his stake in casino operator Bloomberry Resorts for PHP3.8 billion...

Florida Horse Racetracks Safely Harness Hurricane Irma, Damage Minimal

Florida horse racetracks are reporting minimal damages in the wake of Hurricane Irma, once a powerful and violent Category 5 tropical cyclone that stormed up the west coast of the Sunshine State. Gulfstream Park,...

Lowly Bank Manager to be Prosecuted over $101 Million Cyber Heist, Charges Against Junket...

Philippine prosecutors investigating last year’s notorious Bangladeshi bank heist have dismissed all charges against casino boss Kim Wong and junket operator Weikang Xu. But late last week they recommended the filing of charges against Maia...

Scotland Named Britain’s Gambling Capital, with 68 Percent of Scots Placing Bets

The Scottish people are Britain’s most avid gamblers, according to figures newly published by the UK Gambling Commission, with over two-thirds of adults saying they had gambled in the past year. Dumbarton Road, Glasgow, a...

Typhoon Hato Reveals Shortcomings in Government Attention to Macau Infrastructure

The Macau government has been too conservative with its tax revenue when it comes to funding and improving infrastructure throughout the city. Last month’s Typhoon Hato and subsequent Tropical Storm Pakhar exposed the aging...

Philippines to Begin Privatizing PAGCOR Properties in 2018

The Philippine government will begin the sale of Philippine Amusement and Gaming Corporation’s (PAGCOR) 17 casinos to private operators early next year, but privatization could take several years, the country’s finance minister said this...

Billionaire Sheldon Adelson Receives 400 Percent Salary Increase

Sheldon Adelson has an estimated net worth of $32.6 billion according to the Bloomberg Billionaires Index, so a $4 million annual pay raise presumably isn’t something the gambling tycoon will spend much time celebrating....

MGM Japan to Open in 2025, CEO Jim Murren Hints

MGM Japan, an integrated casino resort that could cost as much as $10 billion, will open sometime around 2025. That’s the word according to CEO Jim Murren, at least, who provided details on the...

MGM National Harbor in Maryland Is Dominating DC Area Casino Landscape

The MGM National Harbor in Maryland is barely nine months old. Yet it has come to dominate the region’s casino landscape. According to the latest revenue report released by state gaming authorities, MGM is leading...

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