It will be located at Beira Lake in the center of the capital Colombo
(Sri Lanka).- Crown, Australian largest gambling company, said a casino resort it’s in talks over co-developing in Sri Lanka will cost about us$ 400 million. The five-star resort will have about 450 hotel rooms and suites at Beira Lake in the center of the capital Colombo, the Melbourne-based company said in a regulatory statement today.
VIP baccarat revenue rises despite dwindling market share
(Macau).- Mass-market baccarat continues to steal market share from VIP baccarat even as growth in the recovering VIP gaming segment accelerates, official data show. Revenue from mass-market baccarat was 41.8 % higher in the third quarter than a year before at us$ 3 billion, the Gaming Inspection and Coordination Bureau says.
In partnership with PokerStars LIVE Macau
(Macau).- PokerTek has announced that it has installed six of its PokerPro electronic gaming tables, which offer 60 gaming positions at PokerStars LIVE Macau at the City of Dreams. It offers cash games and daily tournaments and will be the permanent venue for Asia's most successful poker tournaments.
The firm’s second sport launched in the country
(China).- Inspired Gaming Group has announced that its Virtual Football lottery game has been approved by China’s Ministry of Finance (MOF). The game is supplied to the Chinese market exclusively via AGT, which is a joint venture between AGTech and Ladbrokes.
(Russia).- For the first time in Minsk on 27-28 November, NEC “Bel Expo” (hall A) will host International gaming expo-forum Russian Gaming Week 2013, dedicated to gaming industry. A new exhibitor will join the event: Belatra, which will present its range of premium slot machines.
After a meeting with the Macau Taiwan Chamber of Commerce
(Macau).- Responding to growing calls that there should be a specific law in place to ban non-locals from working as croupiers and pit supervisors in the city’s casinos, Secretary for Finance and Economy Francis Tam Pak Yuen said Tuesday that there was already a law in place regulating the hiring of imported labour. He also said that whether or not there should be a law specifically banning non-locals from working as croupiers was “worth discussing” in line with legislative logic and techniques.
The next challenge for the company is keeping that growth rate going
(Macau).- Melco Crown has been the hottest stock in gaming over the past few years, and that's in large part because of the company's rapid growth. Not only has Melco Crown ridden a wave of gaming growth in Macau, its City of Dreams has proven the ability to take share from competitors.
A 5.7 % increase from the same time last year
(Macau).- Macau received 896,847 visitors during the mainland’s October 1-7 Golden Week holiday, an increase of 5.7 % on the same time last year, the Macau Government Tourist Office (MGTO) reported in a statement last Thursday.
Country looking to be the next Singapore
(Sri Lanka).- Two brand new Las Vegas-style casino -resorts are coming to Sri Lanka’s capital of Colombo. Crown, owned by Australian businessman James Packer, is behind one of the projects, while John Keels Holdings is the developer of the second. Other firms have smaller stakes in the venture. The two casino complexes will be located in close proximity to one another in Colombo.
Record hotel occupancy and casino visits at Sands
(Macau).- Golden Week tourist arrivals were up 6.2 % this year over the same time last year, official data shows. From October 1 – 30th , 901,176 tourist arrivals were recorded by the police. The Macau Government Tourist Office says mainland arrivals grew by 12.1 % to more than 722,000 people during the week.