Buying buses for mass-market gamblers is one way casinos are trying to attract more players, especially in Macau. However, when it comes to entertainment there is a whole string of different options, some of which are more successful than others. Valley Forge is offering wedding packages. Andrew Klebanow was interviewed recently and discussed what some of the land-based casinos are doing to maintain their competitive edge. Online gaming portals can take a huge chunk of revenue from brick and mortar facilities. In the past, players needed to drive to casinos, sometimes for miles to have fun. With online venues it… Read More
Tag: casino
Paradise Company Casino Better Revenue for May
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
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 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