ASIA – With local entertainment mostly focused on gaming, some mainland Chinese could already feel tired of visiting Macau, a visiting expert said yesterday. “There is something called gambler fatigue,” University of Nevada (UNLV) professor William Thompson explained. “Gambling is repetitive and in the end the house always wins. Customers might start thinking they are [...]
Posts Tagged ‘Asia’
Gambling fatigue could affect Macau: Expert
Sunday, October 9th, 2011Pachinko Maker Targets $2 Billion Sales From Casino Project
Wednesday, October 5th, 2011ASIA – Universal Entertainment Corp., the Japanese pachinko company that is a part owner of Wynn Resorts Ltd., is targeting 150 billion yen ($2 billion) in revenue for its Manila casino project in 2014, the first year of operation. Business Week.
Macau Gambling Revenue Rises 39% but stocks plunge on credit crunch fear
Wednesday, October 5th, 2011ASIA - Macau gambling revenue rose 39% last month from a year earlier as high rollers from mainland China continued to fuel growth. Wall St Journal. Although Macau casino stocks plunged Monday on fears tighter credit in China will curtail the flow of wealthy high-rolling gamblers that have powered the city’s gambling boom. Associated Press.
Kyrgyzstan parliament bans gambling
Sunday, October 2nd, 2011EUROPE - Kyrgyzstan’s parliament has voted to ban gambling, meaning casinos will close throughout the country. The bill was passed with almost no opposition, following repeated warnings from politicians that gambling has become a major social problem. BBC News.
Taiwan looking to expand gambling
Monday, September 26th, 2011ASIA – Taiwan – An anti-gambling alliance is questioning a series of forums on offshore development the Ministry of Transportation and Communications (MOTC) plans to hold later this month, saying the agency wants to reignite local support for casino resorts. Penghu residents voted down the idea of building casinos on their island in a referendum [...]
Yakuza Boss Admits Pachinko Earns More than Drugs
Thursday, September 15th, 2011JAPAN – “We have to evolve our business model,” said Masatoshi Kumagai, one of the bosses of the Inagawa-kai syndicate of the Japanese yakuza, in an interview with reporters of the French magazine L’Expansion. Japan currently has 17,000 Pachinko parlors spread throughout the country, primarily controlled by the Yakuza, which generates a mind numbing $28.5 [...]
Don’t bet on gambling to end boredom, wives told
Friday, September 9th, 2011HONG KONG - Bored housewives are vulnerable to becoming addicted to gambling due to the “empty nest syndrome,” a counselling center study has found. Of 494 women who sought help at the Caritas Addicted Gamblers Counselling Centre from October 15, 2003, to August 31 this year, 154 – or 31.2 percent – are housewives who developed [...]
Thai gambling row getting hotter
Tuesday, September 6th, 2011ASIA - Thailand lost millions of baht on the weekend, as gamblers took their addictions and thrill-seeking to Cambodia. They were locked out of their usual haunts as Bangkok casinos suddenly disappeared in a cloud of rare law enforcement. The alternately entertaining and serious escapades of the Bangkok casinos has raised an old question: Should Thailand [...]
Hyderabad: Top traders held for gambling
Tuesday, September 6th, 2011INDIA – Ganesh Chaturthi celebrations took a sour and embarrassing turn for a group of top businessmen including prominent jewelers in the city when the cops busted their gambling den located bang behind a Ganesh pandal in Basheerbagh in the late hours of Saturday. Seven people including two organizers were arrested playing cards and tokens [...]
Packer & Ho May Invest $1 Billion in Manila Casino
Tuesday, September 6th, 2011ASIA - Australian billionaire James Packer and Lawrence Ho, son of Macau gambling mogul Stanley Ho, may invest at least $1 billion in a Manila casino project, the Philippine gambling regulator said. Bloomberg.
