Top Live Casinos

Las Vegas Sands Increases Loan Term

June 12, 2018

A few months ago, the Las Vegas Sands needed a loan extension. They reported to the US Securities and Exchange Commission that it would need time to repay the loans and asked for the extension for the Marina bay Sands Casino. The casinos are in Singapore. They asked for an extension of three years, which would mean a repayment date of 2024. The revolving loans that are held by the company were set to end in February of 2020. The new maturity date was granted. Las Vegas Sands is not asking for another change to the loan. They would like… Read More

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

Government Pension Plan Offered to Macau Casinos

June 5, 2018

First buses, and now government pension plan schemes to help make Macau a better place overall. The busses are for the mass tourists that continue to flock to the gambling mecca. The pension plans would be for employees. Macau operators are being urged to take part in the government pension scheme. The pension plan idea is not mandatory. It is a voluntary option that is run by the government for other companies like casinos. Labor representatives in the gambling industry feel the six operators should help protect workers and provide more pension options. There are those who believe casinos not… Read More

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