Marjorie Preston

Atlantic City

Editor at Global Gaming Business Magazine

Managing Editor, Global Gaming Business and https://t.co/Ha4rLhh87o

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Articles

Fate of Emerald Bay in question as bank plans sale

6 days ago | igamingbusiness.com | Marjorie Preston

After several false starts, last year PH Resorts Corp. found an investor for its stalled Philippines resort project. Now the lender plans to sell the land. Three times, Dennis Uy’s PH Resorts Group tried and failed to find an investor for its Emerald Bay casino resort in the Philippines. Would-be saviors included Tiger Resort Leisure & Entertainment Inc., which operates Okada Manila; Enrique Razon’s Bloomberry Resorts; and Philippine developer AppleOne Group.
Melco touts ‘solid results’ for Q1, looks to continued growth

6 days ago | igamingbusiness.com | Marjorie Preston

Speaking to analysts Thursday, Melco Resorts & Entertainment CEO Lawrence Ho pointed to “a solid set of results for the first quarter that demonstrates our strengths and our growth prospects”. The Hong Kong-listed operator runs integrated resorts in Macau, Manila and Cyprus, and is preparing to open its Sri Lanka casino later this year. Melco’s market share in Macau grew from 14.7% in Q4 2024 to 15.7% in Q1 2025, “and remained stable at this level in April”, Ho said.
Japan reportedly to resume IR licence bidding

1 week ago | igamingbusiness.com | Marjorie Preston

The Japan Casino Regulatory Commission is now expected to reopen bidding for two remaining integrated resort licences this year. The Japan integrated resort industry is showing signs of life. Local media there report that the Japan Casino Regulatory Commission, which awarded only one of three available IR licences in 2023, will reopen the application process in the coming year. Japan first approved legal resort complexes in 2018.
Japan reportedly to resume IR licence bidding

1 week ago | isa-guide.de | Marjorie Preston

The Japan Casino Regulatory Commission is now expected to reopen bidding for two remaining integrated resort licences this year. The Japan integrated resort industry is showing signs of life. Local media there report that the Japan Casino Regulatory Commission, which awarded only one of three available IR licences in 2023, will reopen the application process in the coming year. Japan first approved legal casino complexes in 2018.
Philippines gaming regulator records Q1 revenue growth

1 week ago | igamingbusiness.com | Marjorie Preston

The Philippine Amusement and Gaming Corp posted earnings of PHP28 billion ($502.9 million) for the first quarter, up 11.2% year on year. That exceeds the government target of PH26.88 billion by 4.45%. Gaming operations and license fees brought in PHP25.53 billion, or 91% of the total. Business income and service fees made up the balance. Expenses dropped 15.5% to PHP6.22 billion, down from PHP7.36 billion last year.
Asia’s Crowded House

1 week ago | ggbmagazine.com | Marjorie Preston

GGB is committed to providing updated news and analysis on our weekly news site, GGBNews.com. Long-dominant Asian gaming hubs could soon face competition from Japan, Thailand and the UAE. How will new players affect the incumbents?
TRIBAL GAMING IN FOCUS

1 week ago | ggbnews.com | Marjorie Preston

Supreme Court Declines to Hear Sault Tribe’s Casino Appeal The U.S. Supreme Court April 28 declined to hear an appeal from Michigan’s Sault Ste. Marie Tribe of Chippewa Indians in its case against the Department of Interior (DOI) after the DOI refused to take a 71-acre parcel near Detroit into trust, according to Tribal Business News. The tribe operates casinos in the state’s Upper Peninsula, but sought to expand beyond its reservation in efforts to maintain economic viability.
ASIA IN FOCUS - GGB News

1 week ago | ggbnews.com | Marjorie Preston

Macau Chief Executive Hails New Non-Gaming ProjectsDuring an April 28 visit to cities in the Greater Bay Area, Macau Chief Executive Sam Hou Fai discussed the potential of four non-gaming projects that could create a more diverse regional economy. The plan reported by includes MOP38.2 billion ($4.75 billion) in investments in the GBA, which includes the special administrative regions of Macau and Hong Kong plus nine cities in Guangdong Province.
Macau goes into Golden Week on a positive note

1 week ago | igamingbusiness.com | Marjorie Preston

Macau gaming revenue for April improved slightly in a positive indicator for May’s Golden Week national holiday. Last month, gross gaming revenue in Macau totalled MOP18.81 billion ($2.35 billion), up 1.7% year-on-year, per the Gaming Inspection and Coordination Bureau. The modest improvement surprised analysts, who forecast a 1.25% year-on-year drop. The boost portends a good start to Golden Week, the five-day Chinese holiday that started 1 May.
NIDA poll says Thailand bill a non-starter without casinos

2 weeks ago | igamingbusiness.com | Marjorie Preston

Most participants in a recent survey say Thailand will not pass its Entertainment Complex Bill without a gaming component. Earlier this month, the National Institute of Development Administration (NIDA) conducted a poll asking Thailand residents if casino legislation could pass without casinos. Forty-six per cent of respondents said that, sans gambling, the bill is unlikely to pass. Nineteen per cent said passage would be impossible without casinos.