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Apr 8, 2014

Pachinko operator Dynam planning Japan casino with Asian partner

TOKYO, April 8 (Reuters) – Pachinko hall operator Dynam
Japan Holdings Co is in talks with several Asian
casino operators to build a casino in Japan as the country’s
parliament prepares to debate a bill that would legalise casino
gambling for the first time.

Yoji Sato, Dynam’s chairman and one of Japan’s wealthiest
businessmen, said the company wants to announce a partnership
with an Asian operator once an initial bill that will start the
process of legalizing gambling is passed in what could become
the world’s third biggest gambling market.

Apr 6, 2014

Casino riches fuel Macau property ‘bubble’ forcing residents elsewhere

MACAU, April 7 (Reuters) – As the world’s gambling capital
Macau races to open more than 17,000 new hotel rooms over the
next three years to keep pace with a flood of Chinese visitors,
only about 4,000 affordable homes for locals are expected to be
built in the same period.

With an average apartment costing more than $500,000, the
Chinese special administrative region has emerged as one of the
world’s costliest places to buy property, outranking
neighbouring Hong Kong, where prices are already among the most
expensive in the world.

Apr 1, 2014

Macau gambling revenue up 13 percent in March

HONG KONG, April 1 (Reuters) – Macau, the world’s casino
capital, raked in $4.4 billion in gambling revenues in March,
boosted by robust demand from Chinese visitors keen to bet in
the country’s only legal casino hub.

Growth in Macau, a special administrative region like
neighbouring Hong Kong, was up 13 percent in March, at the top
end of analyst estimates of 10-13 percent.

Mar 18, 2014

Caesars to make first casino foray in Asia after South Korea greenlight

SEOUL/HONG KONG (Reuters) – Caesars Entertainment Corp (CZR.O: Quote, Profile, Research, Stock Buzz) looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino – a key boost for a company that has largely missed out on the region’s boom in gambling revenues.

The consortium of Las Vegas-based Caesars, Singapore’s OUE Ltd (OVES.SI: Quote, Profile, Research, Stock Buzz) and Hong Kong-based Lippo Ltd (0226.HK: Quote, Profile, Research, Stock Buzz) is also one of the first foreign ventures to gain an entry into South Korea’s casino industry, a promising market by virtue of its proximity to China and the country’s wealthy punters.

Mar 18, 2014

S.Korea grants Caesars-Lippo group preliminary approval for casino

SEOUL/HONG KONG, March 18 (Reuters) – South Korea gave a
preliminary greenlight for a large-scale foreigners-only casino
complex to a consortium that includes Caesars Entertainment Corp
, seeking to draw in wealthy Chinese gamblers and their
tourist dollars.

Shares in members of the consortium surged during Asian
trade, with Hong Kong-based property developer Lippo
jumping 35 percent and Singapore’s OUE Ltd gaining 6
percent.

Mar 11, 2014

New Macau casinos have luck of the draw in second expansion phase

MACAU, March 12 (Reuters) – Galaxy Entertainment Group Ltd
and Melco Crown Entertainment Ltd look best
placed to benefit from the next phase of Macau’s development as
the world’s gambling capital adds eight more mega-casinos by
2017.

The expansion will take place in the Chinese territory’s
glitzy Cotai Strip and is expected to more than double Macau’s
annual gaming revenues to $115 billion in four years, according
to research from U.S. brokerage Wells Fargo.

Feb 25, 2014

Gaming magnate Adelson bets on himself to win Japan’s casino race

TOKYO/MACAU, Feb 26 (Reuters) – Billionaire Sheldon Adelson
is willing to bet $10 billion that his Las Vegas Sands
will become the leader in casino gambling in Japan, an offer he
says his competitors can’t match. What remains to be seen is
whether one of the world’s last great untapped gaming markets is
willing to bet on him.

For months, the chief executive of the world’s largest
casino operator by market value has insisted he’s the person to
beat in Japan as it moves closer to legalising casinos, with
parliament expected to start deliberating an initial bill in
May.

Feb 14, 2014

Stanley Ho’s SJM makes fresh start with new Macau casino

MACAU (Reuters) – Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark – a $3.9 billion resort that will be one of the final projects to open on China’s booming Las Vegas-style Cotai strip.

The 92-year-old Ho, through privately held company Sociedade de Turismo e Diversões de Macau (STDM), presided over much of Macau’s development as a casino city, shielded by a four-decade monopoly on gambling until 2001 when the door was opened for U.S. casino moguls Sheldon Adelson and Steve Wynn.

Feb 12, 2014

Vietnam bets on loosening gaming laws to lure high rollers

HO CHI MINH CITY/HONG KONG, Feb 13 (Reuters) – Nguyen Van
Tuon seems unconcerned that his business driving Vietnamese
gamblers across the border to Cambodian casinos is under threat.

“I’ll believe it when I see it,” said Tuon, waiting in the
rain in the suburbs of Ho Chi Minh City for his first fare of
the day, when asked about the prospect that Vietnam could soon
allow its citizens to gamble at home.

Feb 7, 2014

Genting to make South Korea debut with $2.2 bln casino resort

HONG KONG, Feb 7 (Reuters) – Casino operator Genting
Singapore and Chinese property developer Landing
International Development will develop a $2.2 billion
casino resort in South Korea, joining global gaming firms
rapidly expanding across Asia to court wealthy Chinese punters.

The tie up, announced in Hong Kong on Friday, marks
Genting’s first foray into South Korea, an increasingly popular
destination for Chinese tourists who flock there to gamble and
shop, thanks in part to easier visa rules.