Casino tycoon Stanley Ho's family could lose concession of Portugal's Casino de Lisboa and Casino do Estoril to rival bidder

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The World’s Top 3 Richest Casino Owners

The casino industry makes billions every year from both physical locations & online platforms, with leading casinos contributing significantly to these impressive figures. It's not hard to envision the immense wealth possessed by the owners of these establishments, given the vast amounts of money coming through a casino every day. Although the…

Industry ・ 15 July 2023

World Casino News

Six Macau casino operators receive official gaming licenses from the Macau government

Today, six incumbent casino operators in Macau signed a productive 10-year gaming contracts with the Macau government and received gaming licenses to operate in the world's largest gambling city. Signing by rank: Six casino operators signed the contract according to their rank in the recent tender process: MGM Grand Paradise, Galaxy…

Industry ・ 17 December 2022

Asgam

Stanley Ho family in danger of losing Portuguese casino license

The family of Macau gaming pioneer Stanley Ho is at risk of losing its Portuguese casino concessions after a re-tender for gaming licenses saw a rival bidder submit a higher offer. According to a report by Bloomberg, the license to operate two of Portugal's biggest casinos - Casino de Lisboa in Lisbon and Casino do Estoril in Cascais - expires at…

Travel ・ 23 November 2022

Macau Business

Estoril/Sol group to face competing bid in Portugal's casino concession public tender

The Estoril/Sol group, the Portuguese gaming concessionaire linked to former Macau gaming tycoon Stanley Ho that has held the country's main gaming concession for more than 60 years, will face a rival bid in the ongoing public tender that will award a new casino gaming exploration license in the European country. According to a report by Portuguese…

Covid ・ 04 October 2022

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Casino.org

Top 5 Richest Casino Owners In Asia

In terms of gambling and casinos, the law changes greatly across the Asian continent. Some countries have strict anti-gambling laws while others proudly advertise their incredible casino complexes. The huge numberof people that live in and visit Asia has seen the demand for casinos in thecontinent to become massive. This has meant that the few…

Top and Best ・ 03 October 2022

Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…

Covid ・ 22 September 2022

Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…

Law ・ 16 October 2022

Malay Mail

Gambling giant Macau opens bids from seven casinos, Genting a wildcard

HONG KONG, Sept 16 - Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai…

Covid ・ 16 September 2022

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Markets Insider

The Future of Macau, Asia's Las Vegas, Hangs in the Balance

With gaming revenues six times that of the Las Vegas Strip, it's not hard to see why Macau is often called the "Las Vegas of Asia." The tiny island in the South China Sea known for its glitzy casinos and shopping malls. Macau's GDP in 2019 stood at $55.19 billion, of which $36 billion came from gaming revenues. The GDP starkly dropped to $29.91…

Travel ・ 14 September 2022

Vegas Slots Online

Wynn Announces New Macau Casino License Application

Wynn Macau is the first casino operator to announce that it has submitted an application for a new operating license in the Special Administrative Region. It revealed on Tuesday that it has given its tender to the government in Macau. deadline for submitting a tender for a new license ends Wednesday Each of the six existing casino license holders…

Covid ・ 13 September 2022

World Casino News

Macau licensing move for Wynn Macau Limited

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties until the end of 2033. According to a report from Inside Asian Gaming, the firm majority-owned by American casino operator Wynn Resorts…

Law ・ 14 September 2022

World Casino News

Double casino tender launch in Portugal

In Portugal and the Servicos de Regulacao e Inspecao de Jogos (SRIJ) gaming regulator has reportedly announced the official launch of an international tendering process for the licenses to operate two of the country's most prominent casinos. According to a Tuesday report from a source, the move comes as the current licenses for the venues situated…

Trust and Safety ・ 25 August 2022

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iGaming Business

Portugal opens bidding for two land-based casino licences

The current licences are set to expire on 31 December 2022 - following previous licensing extensions which were the result of the general Covid-19 associated decline in the land-based gaming trade. The public tenders will be open for 30 days and will grant the winner the exclusive rights to offer games of chance in the regions, with the process…

Land-based ・ 23 August 2022

Times Of Casino

The 10 Richest People in the Casino Industry

Casinos are getting bigger, with more slots and tables games, spectacular shows, Michelin quality dining, and five-star hotels. In a chaotic world, where life can sometimes seem a little dark, casinos are man-made paeans to excess, indulgence, and fun. Gambling politics aside, casinos are built for both pleasure and profit. When it is done well,…

Industry ・ 10 August 2022

Travel Daily News

Top five travel destinations with the best casinos

The possibilities of online casino gambling are endless - and especially with the development of the live casino feature and online casino, like casinorewier.com that offer 10 dollar deposit casino, it comes close to the real experience that you can find in land-based casinos. These places involve many slot machines and felt tables with poker,…

Travel ・ 27 July 2022

Gambling News

Macau Casino Concessionaires Pay $5.83M to Extend Licenses

Macau is agog as the special administrative region is working hard to re-regulate its gambling industry and create new mint conditions for concessionaires to operate in. This begins with the extension of existing licenses, set to expire on June 26, through the end of the year. However, Macau is offering each concessionaire the opportunity to expand…

Travel ・ 29 March 2022

Montreal Times

Best casino places in Macao

Horse racing, dog racing, and various casino games are all popular types of gambling in Macau. Macau has been a favourite location for gamblers trying to earn quick money for a couple of decades. Because Macau has so many casinos, it is hard to see them all in a single visit. Online casinos are getting more popular than real-life venues due to ease…

Sports ・ 29 January 2022

World Casino News

Fitch Ratings Incorporated warning for trio of Macau casino giants

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a trio of firms behind some of the largest casinos in Macau with a'ratings watch negative' appraisals largely due to ongoing'regulatory uncertainty'. According to a report from GGRAsia, the move from the New York-headquartered firm involving SJM Holdings Limited, Las…

Travel ・ 13 December 2021

Casino News Daily

Continued litigation on US$12B claim against Las Vegas Sands in Macau

In an ongoing saga that would be of paramount interest to any aspiring screenwriter, a lead accountant for Las Vegas Sands recently told a court in Macau that the alleged value of a claim filed in 2019 and dating back to actions and decisions as far back as 2001 is "exaggerated" and unjustified from an accounting perspective. Taiwan businessman…

Travel ・ 20 October 2021

World Casino News

Downsized July casino tax tally for Macau

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming citing official information from the enclave's Financial Services Bureau, the final tally…

Finance ・ 09 September 2021

Casino News Daily

Microgaming Enters Online Casino Supply Deal with Portugal’s Solverde

Online casino software provider Microgaming has bolstered its Portuguese presence through a recent deal with gaming and hospitality powerhouse Solverde Group. Under a recent agreement between the two companies, which they penned through Prima Networks Limited (PNL), Microgaming will deliver a selection of its content to Solverde's Solverde.pt…

Sports ・ 25 May 2021

Real Money

Crown Shares Soar on Blackstone Bid for Aussie Casino Operator

Crown Resorts (CWLDY) shares won big on the ASX today, with the stock soaring 21.4% in Sydney trade. That's after the troubled casino operator on Monday said it had received an A$8.0 billion (US$5.4 billion) buyout bid from the world's largest private-equity investor, the Blackstone Group (BX). The offer from Blackstone, which already owns 9.99% of…

Travel ・ 07 May 2021

Macau Business

Portugal: Casinos pessimistic about 2021 after 50% fall in takings last year

Portuguese casinos face 2021 with pessimism, after a historic drop of almost 50% in takings in 2020, given the new closure period and the change in the habits of gamblers to other gaming offers. "With regard to the year now beginning, we cannot face it with optimism. The pandemic is far from over, new confinement is expected and other periods of…

Covid ・ 19 January 2021