While most of the world was in the grips of the dreaded GFC, 2008 proved to be a massive year for Macau casinos with an almost 50% increase in gross gaming revenues compared with 2007. 2009 was bigger again and then 2010 saw a hard to comprehend 70% increase on 2009! It’s unlikely that...
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Looks like Las Vegas may have finally broken the shackles of the post GFC doldrums that have seen visitor numbers and casino handle slump over the last few years. Strip gaming revenues have dwindled from $6.8 billion in 2007 to $5.8 billion in 2010, but there are indicators the worm is turning. According to...
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Online travel agents Expedia have come up with their top 10 high roller gambling destinations. Can’t say they’ve hit the nail flush on the head with this list which has a couple of questionable inclusions as well as glaring omissions (Marina Bay Sands for example doesn’t get a mention!). Then again, maybe their criteria...
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As the only company in the world with a major presence in each of the three largest casino gaming markets; Macau, Singapore and Las Vegas, I always think of Las Vegas Sands Corporation as a wonderful barometer for the fluctuating fortunes of these markets. LV Sand’s Q2 results were released Tuesday this week and...
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There’s been a bit in the news lately about the role VIP junket operators play, or should play in two of the world’s biggest casino markets…Macau and Singapore. Over in Singapore, where no VIP operator (junket operator) licenses have yet been issued by Singapore’s Casino Regulatory Authority (“CRA”), Sands CEO Sheldon Adelson has accused...
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Ask the Sands CEO Sheldon Adelson about whether there are enough casinos in East and South East Asia and I suspect he’ll tell you these markets are significantly under serviced. That’s the belief that he had back in early 2010 when posed this question by reporters on the eve of the launch of the...
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They say money doesn’t buy happiness. I always thought it would make being miserable a whole lot more fun. But when you’re close to meeting your maker and the love and respect of your family is perhaps the most important thing that you have left in life…well all the cash in the world doesn’t...
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This is Lim Kok. Despite being one letter away from having an extremely unfortunate name he’s clearly a very happy man (just in case you’re dyslexic that letter is a ‘p’). He’s happy because he’s the Chairman of Genting Casinos, owner of Resorts World Sentosa – one of Singapore’s two new super casinos. RWS...
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It’s not entirely unreasonable to liken a casino game to a lover. They are both capable of taking you on an emotional roller coaster ride from the depths of despair to the peak of adrenalin fueled ecstasy. They are both capable of costing you a lot of money. They can both be very good...
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Russia’s remote gambling zone experiment Back in July 2009, Russian casino laws came into effect that forced the closure of all Moscow casinos and gaming houses and the establishment of designated gambling zones in remote areas of the country. These zones are the only places where casinos are allowed to legally operate within the...
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