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The group Caesars Entertainment has great difficulties
The Caesars Entertainment group is an international casino giant.
The group is particularly well-known for managing the famous casino hotel Caesars Palace on the Strip in Las Vegas, Nevada.
The company is currently facing some serious financial difficulties. More…
Taiwan could legalise casinos on the Matsu islands
The parliament of Taiwan will soon pass a bill about gambling activities, which would allow the creation of the country’s first casino resort on the Matsu Islands.
If the procedure is progressing normally, the regulation could be passed in June 2015.
The first casino establishments are then expected to open by 2019. More…
$4 billion invested in casino in Vietnam
Chow Tai Fook Enterprises, a company based in Hong Kong, that specialises in the development of hotels and land-based casinos, plans to invest $4 billion in a gambling complex in central Vietnam. More…
No comment »Live! will become the second Casino in Philadelphia
After over two years of application process, the regulatory authority of the state Pennsylvania finally voted on Tuesday, November 18, and granted the second Philadelphia casino license to the Live! Hotel & Casino project. More…
No comment »A $13 million renovation plan for the Borgata
The industry of land-based casinos in Atlantic City that is currently in a crisis has to go through an investment phase in order to attract new players.
This is what the leaders of the market-leading Borgata Casino Hotel & Spa believe. More…
The Trump Taj Mahal will close on December 12
In a document that was filed with the bankruptcy court in the state of Delaware in mid-November, Trump Entertainment Resorts have announced that its Board of Directors approved the clusure of the Trump Taj Mahal Casino complex in Atlantic City on December 12th. More…
No comment »The upcoming opening of City of Dreams in Manila
Lawrence Ho, the CEO of Melco Crown Ltd, has just announced that after several delays, the City of Dreams complex in Manila would finally be inaugurated this month.
This is a soft opening for the local market, and the formal opening is scheduled for the Chinese New Year in February 2015. More…
The revenues of the casinos in Macau continue to decline
The revenues of the land-based casinos in Macao have continued to decline in the month of November – even more than was anticipated by several analysts.
The 35 establishments in the former Portuguese colony only generated $3.04 billion in revenues (EUR 2.45 billion), which is a decrease of 19.6% compared to the same period of the previous year. More…
The success of illegal gambling in Switzerland
Illegal casinos have been multiplying in Switzerland for several years now. These establishments, which are becoming more and more successful, are owned by criminal gangs.
The legal casinos of the industry are concerned about these practices that imply a significant shortfall, especially as the penalties for this illegal activity are far from being a deterrent. More…
The Trump Taj Mahal could close at the end of the year
Casino mogul and Carl Icahn has just announced to The Associated Press that the Trump Taj Mahalin Atlantic City is still likely to close its doors by the end of the year.
However, last month the establishment has obtained permission to break their contract with unionized workers. More…