Three US companies interested in developing projects in Tokyo and Osaka
(Japan).- Melco Crown Entertainment said it plans to invest us$ 5 billion in Japan casino resorts if it receives permission to build in what could be the world’s second-largest gambling market. The Hong Kong-based casino operator, the venture between Macau casino mogul Lawrence Ho and Australian billionaire James Packer, prefers developing resorts in Tokyo and Osaka, Ho said in an interview in Tokyo.
At present, croupier jobs are officially restricted to local citizens
(Macau).- SJM Chairman Ambrose So Shu Fai said Macau needs a better migrant labour policy to cope with the expansion of the gaming industry. However, he added that the gaming operator was not taking a position yet as to whether the government should rethink its policy of not allowing imported workers to be hired as croupiers. Croupier jobs are officially restricted to local citizens under the government’s current rule.
Casinos primed for revenue records next month
(Macau).- Deutsche Bank AG is predicting a bumper month for Macau’s casinos in October, forecasting record year-on-year growth in gaming revenue of us$ 4 billion (17 %). The bank says next week’s seven-day National Day vacation will help drive gross gaming earnings to a new monthly peak.
City-state has become a playground for continent’s rich and famous
(Singapore).- Casino operators and regulators across Asia are keeping an eye on Singapore's two multi-billion-dollar gaming resorts as they focus on tourists and trade shows to boost revenue in response to restrictions on gambling and a generally sluggish market.
Due to the rising costs of gambling in Macau
(Hong Kong).- Gamblers from China and Hong Kong who find Macau casinos and hotels too expensive have begun booking rooms on overnight casino boats that sale about an hour from Hong Kong into international waters and then open on-board casinos.
With the aim to revive national economy
(Japan).-The chairman of the pro-casino caucus in Japan’s Diet says the group plans to submit a legalization bill in the next session of the parliament expected to convene in October. Hiroyuki Hosoda, a senior member of Shinzo Abe’s ruling Liberal Democratic Party and an ally of the prime minister, also says the intention is to get the bill passed in the next session beginning next year.
(Russia).- Next November 27-28, Minsk will host International Specialized gaming expo-forum that will bring together professionals of gambling industry. The event will bring together participants from all over Russia and abroad. Thematic conferences and workshops will also be offered, and people will have the chance to communicate with colleagues to share experiences and establish new business contacts at the show.
In the aim to reduce the country’s financial deficit
(Malaysia).- Malaysia is considering increasing gaming tax revenue for casinos in the upcoming budget for 2014 in an effort to reduce the country’s financial deficit. According to The Star Malaysian newspaper, the country’s budget deficit stood at 4.5% of gross domestic product in 2012, but the government wants to reduce the figure to 4% this year.
The second sale for the company in many months
(Macau).- Macau Legend Development plans to sell us$ 300 million in new shares to fund the redevelopment of the company’s Fisherman’s Wharf gaming and entertainment complex on Macau’s Outer Harbor.
Two large-scale resorts could be worth us$ 10 billion in annual gaming revenues
(Japan).- Last week’s award of the 2020 Summer Olympic Games to Tokyo has been hailed by the gaming industry as a catalyst for legalised casinos in Japan. Games organizers’ need to raise revenue to pay for an estimated us$ 1.53 billion in Olympic venues before the world’s athletes descend on Tokyo, and the growth of the domestic casino scene may partly hold the answer.