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Corporate News 26 Oct 2017 | 2:19 AM

UK Court rules Phil Ivey cheated at Genting casino to win US$10mil

LONDON: Poker champion Phil Ivey’s luck ran out at the U.K.’s Supreme Court, which ruled that he cheated at a form of baccarat to win 7.7 million pounds (US$10.1mil) at a Genting Bhd casino in London.

Corporate News 05 Oct 2017 | 10:26 PM

Caesars bankruptcy ends amid Asia market shift, Vegas shooting

CHICAGO: Caesars Entertainment Corp has an eye on expanding its Caesars, Harrah's and Horseshoe brands in the United States and abroad after its casino operating unit emerges from nearly three years of bankruptcy as soon as Friday with US$10 billion less in debt.

Investment 30 Sep 2017 | 12:00 AM

Golden outlook for Macau tourism

THE forecast for Macau’s upcoming holiday week looks pretty golden.

Business 06 Sep 2017 | 8:16 AM

Seventy-eight billion reasons why bitcoin's the new gold

COULD bitcoin be the next gold?

Business 02 Sep 2017 | 12:00 AM

Macau junket king looks for partners in Japan

Macau’s biggest junket operator wants to be more than a middleman lender for Chinese high rollers, so it’s spending billions of dollars to transform itself into an overseas casino operator on par with Las Vegas Sands Corp and Wynn Resorts Ltd.

Corporate News 23 Aug 2017 | 3:55 AM

Genting Singapore plans shift in revenue mix

SINGAPORE: Genting Singapore Plc is moving away from the VIP segment in casino gaming, according to a Bloomberg intelligence report, even as China's slowing economic growth dampens VIP credit quality.

Business 15 Aug 2017 | 12:00 AM

MGM Resorts bets on wealthier masses for higher revenue

HONG KONG: MGM Resorts International is counting on a growing number of affluent Chinese customers to drive revenue at its new Macau property, as it strives to catch up with an industry rebound in the enclave.

Business 05 Aug 2017 | 12:00 AM

World’s biggest cyberheist

PARIS: For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly unhurried man. He’d brought a dozen or so high rollers from China to play in the glitzy VIP room in MetroManila’s Solaire casino.

Corporate News 04 Aug 2017 | 6:54 AM

Australia’s Crown Resorts misses profit forecast after China arrests

SYDNEY: Australian casino giant Crown Resorts Ltd said on Friday that underlying annual profit fell by nearly a sixth, missing analyst forecasts, as a mass arrest of marketing staff in China led to a slump in high rollers visiting from the mainland.

Business 02 Aug 2017 | 12:00 AM

Macau casinos’ revenue up

HONG KONG: A rebound in Macau’s casino revenue accelerated in July as spending by high-rollers continued to add momentum to the year-long recovery despite China’s efforts to curb capital outflows.