Wednesday, April 1, 2020

Laos

Lao official proposes increasing casino levy to 50 percent

Casino operators in Laos may be subject to a 50 percent levy on casino and casino games, should a new law on excise duties...

Macau Legend eyes SE Asia expansion

Macau-based casino operator Macau Legend is eyeing further expansion in Laos and is interested in projects in Cambodia and Vietnam as tourism traffic to Southeast Asia grows and transport infrastructure improves.
Vietnam Ha Long Bay

Indochina opportunities clouded by political, economic risks

Despite regulatory uncertainty and a relatively high risk profile, land-based operators will be closely watching developments across the Indochina region over the coming months. Cambodia,...

Indochina opportunities clouded by political, economic risks

Despite regulatory uncertainty and a relatively high risk profile, land-based operators will be closely watching developments across the Indochina region over the coming months.

Macau Legend seeks Laos, Cambodia expansion

Macau-based Macau Legend Development plans to enter Cambodia and wants to expand its property in Laos, local media reports.

Laos casino revealed to be hub for criminal organization

The U.S. government has identified a casino in Laos to be the headquarters for a Southeast Asia-based criminal network, according to reports. Sanctions were imposed...

Laos casino revealed to be hub for criminal organization

The U.S. government has identified a casino in Laos to be the headquarters for a Southeast Asia-based criminal network, according to reports. Sanctions were imposed...

Savan Vegas

Savan Vegas is a premier entertainment center located Savannakhet Province, Lao P.D.R. (across the river from Mukdahan). The casino is owned by Sanum Investment,...

Macau Legend sees major Laos potential, others sceptical

Macau Legend has big plans for Laos after its $42 million purchase of Savan Vegas, but the Laos market remains volatile and somewhat hostile to foreign investment. Laos hit the headlines last year when the government put Savan Vegas out for bids having seized the resort from its foreign owners, Sanum Investments, over alleged tax liabilities. The sale generated interest from six buyers, including Macau junket promoter Iao Kun Group and casino operator Macau Legend.

Savan Vegas boosts Macau Legend’s Q3 results

Macau Legend Development reported a modest rise in revenue in the third quarter of 2016, according to its recent filing to the Hong Kong...

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