Macau’s GDP shrank by 13.3 per cent year on year in the first quarter, according to data released by the region’s statistics and census bureau, DSEC.
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MGM Resorts is buying Boyd’s 50 per cent stake in the Borgata Atlantic City, in the US state of New Jersey, for up to $900m, which includes an initial $600m payment with the latter also receiving up to $180m in potential property tax refunds from Atlantic City.
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Last week’s Belgrade Future Gaming show in Serbia was a success for Spintec Gaming Technology, the Slovenia-based manufacturer of electronic table games.
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The construction of Manila Bay Resorts, a multi-phase casino venue being developed by Tiger Resort Leisure and Entertainment in the Philippines, is on schedule, according to a top company executive.
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According to a statement by the Secretary for Social Affairs and Culture, Alexis Tam, the Macau government would be open to a debate on the continuation of smoking areas in casino VIP rooms.
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Casinos in the Indian state of Maharashtra, which includes Mumbai, could generate over $1billion in gaming revenue, the state’s tourism corporation estimates.
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