BUSINESS

Macau gambling industry daily news round-up

TAGs: Australia’s New South Wales gaming regulator, Cotai, marcau, melco crown, Neptune Group, Quang Ninh province’s Van Don District, Studio City project, Vietnam

Macau NewsMelco Crown Entertainment  is about to file for a $1.25 billion loan next month, according to a contact of Bloomberg.

Targeting syndication next month, Macau Business reported that the Macau based company is likely to channel the money into the construction of its Studio City project, in Cotai.

Melco is considering a five-year tenure for the syndicate loan, the same source said – who asked not to be identified due to the information being of a confidential matter.

 

A new major casino resort may be on its way to coastal Quang Ninh province’s Van Don District after reports suggest the Vietnamese government is considering a licensing for the complex.

A report by Macau Business states that it will be located on a 1,800 hectare area, costing up to $5 billion, all to help attract more visitors.

Vietnam has yet to license casinos, but the government has granted gaming licences to a number of entertainment-gaming complexes in the country. None of them admit local visitors.

Local authorities have not yet made clear whether local visitors would be admitted to the Quang Ninh casino, the report said.

 

Macau-based VIP room promoter Neptune Group Ltd will be investigated by Australia’s New South Wales gaming regulator after concerns were raised over junket operations at Sydney’s The Star casino in a December licence extension report.

According to CasinoLeaks-Macau.com, which quotes a January news article from consultancy GamblingCompliance, the report conducted by barrister Gail Furness recommends the Casino, Liquor and Gaming Control Authority to look more closely into a 2010 agreement between The Star and a third party to refer players to the Australian casino.

A report by Macau Business tells us that GamblingCompliance identified the third party as Neptune Group, with a spokesman for the New South Wales’ Casino, Liquor and Gaming Control Authority confirming that it would move forward with the report’s recommendation.

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