Tag: casino

Paradise Company Casino Better Revenue for May

Paradise Company Casino Better Revenue for May
June 9, 2018

The news was bleak for some casinos regarding May gaming revenue, but Paradise Company reported their revenue bounced back after lower numbers in the first quarter. Paradise Company is the foreigner-only casino operator in South Korea. In recent months, the company has not reported earnings, but losses. However, its recent report to the Korean Stock Exchange shows the company is back. Paradise Company has a new record for their success in May. The casino revenue was $48.5 million for May 2018, which was up from May of 2017. Last year they only made $38.63 million. The details show Paradise made… Read More

Success Universe Group Increases Gambling Stake

Success Universe Group Increases Gambling Stake
June 2, 2018

With casinos raking it in, there is no reason why others wouldn’t want to join in the earnings. One investor is increasing his stake in Success Universe Group. In a Hong Kong Stock Exchange filing, Success Universe Group announced that Sonny Yeung Hoi Sing, the chairman, and executive director, increased his stake in the company. He will increase his shares from 52.10 percent to 71.52 percent. The new investment rose 19.42 percent. Yeung is buying the shares through Silver Rich Macau. The purchase of shares provides him control over 3.52 billion SUG shares. The announcement is linked to a deal… Read More

Costa Rica Getting a $400 Million Casino

Costa Rica
May 1, 2018

Costa Rica wants their City of Dreams or at least it seems that way with the casino proposal—Casino City Caribe. The project will spend $400 million to create the integrated casino on the Caribbean coast. It will be built in Moin, with construction beginning in early 2019. Several phases are designed for the project, all of which will take until 2027 to be fully complete. The casino operator thoroughly vetted the Costa Rican gambling rules to ensure they could get a winning proposal. With the success of gambling around the world, it seems time for casino profit to change from… Read More

High-Roller Client List Stolen from Casino

High-Roller Client List Stolen from Casino
April 17, 2018

Stories about illegal casino busts are a dime a dozen. In January, a United States illegal casino bust occurred in Kansas, where local cops were the party of the problem. Australia has decided to kick out online casino operators due to troubling news, with fixing lotteries, hacking, and more. Plenty of bad things happen surrounding gambling, and that may be why certain countries refuse to change their gambling laws. When news like high profile thefts occur, it gets people thinking about cybersecurity and if they are safe. Darktrace is a UK cybersecurity company that looks for hacking activity. They provided… Read More