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Tag Archives: VIP

Australia – JP Morgan pitch Crown licence revoke as ‘unlikely’

JP Morgan believes it is ‘unlikely’ that Australian operator Crown will lose its operating license following the delivery of a ruling from a regulatory inquiry into its suitability as a casino operator, however it believes Crown could be hit with a temporary suspension Analysts Donald Carducci and Abhinay Jeggannagari said: “Given the 2014 Financial Deed…

Australia – Fitch backs Crown to weather the early VIP storm at Crown Sydney

Ratings agency Fitch believes that Australian operator Crown Resorts will be able to weather a slow start to business at its AU$2.2bn Crown Sydney VIP casino in Barangaroo, due to open in December 2020. “Fitch believes that Crown showed its commitment to maintaining its balance-sheet strength by the skipping a final dividend, despite its fixed…

UK – Gambling Commission opens consultation on high value ‘VIP’ customers

The Gambling Commission is seeking views on proposed changes to the rules operators must abide by when transacting with high value customers. The consultation follows collaborative work with the industry following three challenges laid down by the Gambling Commission to make gambling safer and reduce harm across the sector. The Commission challenged the industry to…

UK – Les Ambassadeurs sees freezing order lifted on indebted Sheikh

A High Court ruling in the UK has seen a judge remove a freezing order on a Saudi Sheikh’s global assets which had been imposed in February following a fall-out with London casino Les Ambassadeurs Club after he failed to honour a £2m debt. Sheikh Salah Hamdan Albluewi was accused of going ‘to ground’ when…

UK – Clarion Gaming examines VIP problem gamblers in webinar

Clarion Gaming has chosen UK Responsible Gambling Week (November 7 to 13) to broadcast its latest Webinar which is dedicated to the implementation of a social responsibility culture in relation to ‘at risk’ VIP customers. The Webinar, entitled: ‘Does the business model around loyalty and VIPs need to be re-evaluated?’ features industry experts Dan Illiovici,…

US – San Manuel Casino opens high-limit gaming experience

San Manuel Casino in California has opened its newest high-limit gaming space, The Vault Gaming & Provisions. The space combines luxury and intrigue while adding to San Manuel Casino’s best-in-class high-limit gaming experience. “At San Manuel Casino, we strive to always bring the most innovative gaming and entertainment experiences to our guests,” said Peter Arceo,…

North Marianas – Imperial Pacific’s VIP sector hit by airport closure

Having issued a profit warning at the start of the month, Imperial Pacific confirmed that a huge slump in VIP at its Imperial Pacific Resort on Saipan in the Northern Mariana Islands, resulted in a loss of HKD2.97bn (US$378m) in 2018. Revenue came in at HKD3.25bn for the year to December 31, marking a fall…

Aland – Paf aims to eliminate all ‘high roller’ revenue by 2020

As it looks to eradicate all high-roller spend from its revenue, Aland casino operator Paf has published its players’ annual wins and losses, a unique initiative in the gaming industry. Last year Paf introduced a permanent yearly limit that applies to all customers who play the company’s online games. Paf is the only international gaming…

China – Studio City to cease VIP gaming with tables likely to move to Morpheus

Macau casino operator Melco Resorts and Entertainment has confirmed it will cease offering VIP gaming at its Studio City casino in Cotai on January 15 in 2020. The casino originally opened as a mass only gaming floor in 2015 before decding it needed VIP customers just over a year later. Analysts believe the VIP tables…