Archive

_2018-12-13
The most significant risk for Macau’s six operators when it comes to concession renewals is likely to be higher taxes, or other “economic rent,” Bernstein Research said in a note.

_2018-12-13
Australia-listed Donaco International said it’s conducting a strategic review of its businesses, including a potential restructuring of an almost $40 million debt to Mega Bank.

_2018-12-13
A team of Las Vegas Sands senior executives led by President and COO Robert Goldstein became the first IR operators to hold a meeting with Osaka Governor Ichiro Matsui and Osaka Mayor Hirofumi Yoshimura since Osaka won its bid to host the 2025 World Expo.

_2018-12-13
This past weekend, Bloomberry Resorts Japan was the sole “special sponsor” for the 1st Annual Wakayama Santa Run held outside Wakayama Castle, tightening its links with the community where its IR ambitions appear to be centered.

_2018-12-12
An independent member of India’s upper house of parliament and former Samajwadi Party General Secretary, Amar Singh, has raised a starred question on legalisation of gambling and betting in the country.

_2018-12-12
Suncity Executive Director Lo Kai Bong has been appointed as a non-executive director of Summit Ascent Holdings, the operator of the Tigre de Cristal IR near Vladivostok.

_2018-12-12
The eSports market in 2018 grew thirteen times larger in Japan compared to the previous year, reaching the JPY4.8 billion (about $43 million) level, a

_2018-12-12
Kuwana Mayor Narutaka Ito made clear at his regular press conference on Tuesday that his administration has not outright rejected Nagoya Mayor Takashi

_2018-12-12
Melco Resorts & Entertainment has launched the first of four planned satellite casinos on the island of Cyprus, local media reports.

_2018-12-12
The Greater China region -- Hong Kong, Macau and Taiwan -- got the lion’s share of all outbound tourists from the mainland in 2018, according to the China Outbound Tourism Research Institute.

_2018-12-11
Melco Resorts & Entertainment was awarded 10 Michelin stars in the 2019 food guide for its Macau restaurants, which it says it a record number for any IR globally.

_2018-12-11
Steroid scandals and the associated suspension of races did not scare away the loyal fans of the Iwate Prefectural Horse Racing Association (Iwate Keiba), as demonstrated by its recently-reported revenue returns.

_2018-12-11
It’s unlikely that Japan’s Universal Entertainment will take over Genting Malaysia’s stalled theme park project, as it would likely cause cannibalization from their sister resort in Singapore, Maybank said in a note.

_2018-12-11
The Kansai Association of Corporate Executives has selected a new co-chairman, Hiroyuki Fukano, who immediately affirmed his support for Osaka’s 2025 World Expo as well as its IR bid at Yumeshima.

_2018-12-11
The prospects for economic growth in Asia have dimmed in recent months, says ratings agency Fitch, which has cut its forecasts for almost every country in the region.

_2018-12-10
Macau’s gross gambling revenue is expected to gain between 8 and 10 percent in December over the same month a year ago, according to Bernstein Research.

_2018-12-10
Universal Entertainment released financial figures showing that casino revenues at Okada Manila reached a record-high PHP2.9 billion ($55.1 million) in November, combined with a record-high EBITDA of almost PHP528 million pesos ($10 million) during the...

_2018-12-10
Genting Singapore is facing increasing competition in the mass market from the Philippines and Cambodia, though management sees room for growth in VIP, according to Nomura.