Gaming
Top stories summarized by our editors
6/19/2018

Legislators in the UK are considering raising the online gaming tax from 15% next year while delaying a cut in the maximum stakes of fixed-odds betting terminals to $2.65 until 2020. "We are changing the rules so they balance the needs of vulnerable people, those who gamble responsibly and people who work in this sector," according to a statement from the Treasury.

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CardsChat
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Treasury
6/19/2018

Two gaming labor organizations in Macau are concerned about the effectiveness of a bill that would fine casino workers found on gaming floors outside work hours. "The range of the fine is not that much of a deterrent, especially to people that really have gaming addiction problems," said Power of the Macao Gaming Association President Stephen Lao Ka Weng.

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GGRAsia (Macau)
6/19/2018

Vietnam's Ministry of Planning and Investment has turned in paperwork to the prime minister to allow locals to enter the casino on Phu Quoc island. Entry would be part of a three-year trial period that would extend gaming to those older than 21 with a monthly income of at least $437.

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GGRAsia (Macau)
6/19/2018

The percentage of Australians placing bets on their mobile phones has been increasing steadily, rising to 22.7% of players in March, according to a report by Roy Morgan Research. However, the number of Australians placing sports or racing bets online fell from 3.7 million in 2012 to 3.4 million in March 2018.

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USA Online Casino
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Roy Morgan Research
6/19/2018

The recent $300 million update at California's Pechanga Resort Casino has almost doubled the resort's room capacity to 1,090. The expansion also has created a 25,000-square-foot spa and a 4.5-acre pool complex with a restaurant, 27 cabanas, a swim-up bar and two waterslides.

6/18/2018

A state budget that would legalize sports betting has passed the House in Rhode Island and is now headed to the Senate for consideration. The budget is higher than last year, with $23.5 million expected to come from sports betting at Twin River Casino and an upcoming gaming facility in Tiverton.

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Twin River Casino, Senate
6/18/2018

Trade snags between the US and China could hurt American companies such as Wynn Resorts, which makes 69% of its revenue from China, according to Morgan Stanley. Likewise, Las Vegas Sands draws 65% of its revenue from China and could be negatively affected by rising trade tensions.

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CNBC
6/18/2018

Casinos in Maryland are investing more into their properties to stay competitive, with MGM aiming to complete a 40,000-square-foot expansion this summer and Live! Casino & Hotel opening a 17-story conference center and hotel this month. The state's six casinos brought in $156.5 million in May, a nearly 15% increase from the same period last year.

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Casino & Hotel, MGM
6/18/2018

Lawrence Ho is still committed to investing $10 billion in an integrated resort in Japan if Melco Resorts is awarded one of the country's three casino licenses. The CEO also is comfortable with the regulations put in place by lawmakers, including an entry fee for residents, limits on the number of times locals can visit and casino floor space being restricted to no more than 3% of the resort's size.

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Melco Resorts, Lawrence Ho
6/15/2018

Unionized employees at Caesars Entertainment casino resorts in Las Vegas have agreed to a new five-year contract with the operator. "I attended the negotiations, and this is the best contract we've reached in the history of the union, especially for [guest room attendants]," said Rocio Puente, a housekeeper at Caesars Palace.