Search Results for: satellite casino
Satellite casino issue continues to dominate gaming law amendment committee discussion
February 16, 2022
Evaluation of the gaming law amendment bill has continued today (Tuesday) in the Legislative Assembly (AL) second standing commit...
Macau gambling industry amendment bill passes first reading amid “satellite casinos” concerns
January 26, 2022
The Macau Legislative Assembly (AL) passed its first reading of the draft bill seeking to amend Macau’s gaming on Monday. The d...
Gaming law amendment bill first draft approved at Legislative Assembly, ‘satellite casino’ issue raises doubts
January 25, 2022
The Legislative Assembly has passed the draft gaming law amendment bill this afternoon, with legislators questioning Secretary fo...
Ponte 16 Executive Says Macau Government Should Allow Satellites to Get a Performance-Based Casino Revenue Share
June 14, 2022
A management official at one of the most prominent satellite casino resorts in Macau – Ponte 16 – has shared his hopes to see...
Macau Legend revises sale terms for Laos casino, to receive $6 million less
December 22, 2023
The conditions under which Macau Legend is selling the Savan Legend, its casino project in Laos, have altered, and it might now re...
Macau anticipates shortage in casino inspectors for 2024
December 12, 2023
Macau's Gaming Inspection and Coordination Bureau (DICJ) said that, in 2024, certain job roles in the gaming industry will be fill...
Filipino Billionaire Manny Villar inks deal for a USD 1B casino development in Manila
August 18, 2023
The planned partnership capitalizes on Koreans being the no. 1 source of foreign visitors in the Philippines; casino and hotel ven...
Macau Legend inks deal to sell Laos casino Savan Legend for US$45 million
June 15, 2023
Macau Legend Development Ltd, the owner of the Macau Fisherman’s Wharf precinct and operator of satellite casino Legend Palace, ...
Five Individuals Including Levo Chan Ordered to Pay Restitution to Casino Companies
April 26, 2023
After being found guilty of fraud, the former CEO of the junket operator Tak Chun Group was compelled to make restitution.
Levo...
Morgan Stanley: Philippines Asking Price for State-Owned Casinos Too Pricey
April 3, 2023
Investment bank Morgan Stanley said in an advisory note this week that the Philippines government seeking nearly $1.5 billion for ...