Archive

_2022-02-11
Sega Sammy Holdings has revised its full-year results forecast for the year ending March, 31, 2022 based on higher-than-expected sales in its entertainment contents business and pachislot and pachinko machine business.

_2022-02-09
A U.S. appeals court has ruled that Japanese billionaire Kazuo Okada needs to pay $50 million in legal fees to law firm Bartlit Beck for a court fight with Wynn Resorts.

_2022-02-07
Okura Holdings said it expects to post a loss of not less than Y300 million ($2.6 million) for the six months ending Dec. 31st due mainly to the impact of Covid on its pachinko parlours.

_2022-02-04
Konami Holdings posted record revenue and profit for the nine months ending December 31st, as all of its business units recovered from the impact of Covid.

_2022-01-25
Japan's Okura Holdings said it has agreed to extend the maturity on some JPY500 million in bonds to January 31, 2023, to capture foreign exchange gains and to generate cash flow as its pachinko business continues to suffer from the Covid crisis.

_2022-01-24
Universal Entertainment Corp is expecting to record a loss of JPY18.8 billion ($165.3 million) for the year ended December 31, 2021.

_2022-01-04
Recovery in Asia Pacific’s tourism markets is likely to be slow in 2022, with the emergence of the Omicron variant upending reopening plans in many nations, according to Fitch Ratings.

_2021-12-29
Industry favourite Genting Singapore said it has dissolved all of its wholly-owned subsidiaries incorporated in Japan.

_2021-12-26
Fitch Ratings says the emergence of Omicron will upend reopening plans for many tourist economies in South Asia and ASEAN, with countries such as Japan, Thailand, and Singapore already tightening restrictions for inbound travelers

_2021-12-21
The Osaka government unveiled its plans for an integrated resort on Yumeshima Island on Tuesday, saying the project is expected to open in autumn/winter of fiscal 2029.

_2021-12-21
The Nagasaki Prefecture began soliciting opinions on its proposal to construct an integrated resort in the city amidst concerns over the ability of its chosen partner - Casinos Austria - to raise the Y350 billion ($3.1 billion) in project costs.

_2021-12-17
For David Green, principal of Newpage Consulting, 2021 featured some watershed events for the industry, including the probes into Crown Resorts and the arrest of Alvin Chau.