Sunday, June 26, 2022


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SkyCity tackles licensing hurdles


SkyCity Entertainment is grappling with capacity issues, as licensing regulations in New Zealand make expansion of its properties difficult. 

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IPI uses credits to defer tax payments


Imperial Pacific International said it was applying tax credits earned from previous years to defer paying income tax and blamed delays in land allocation, the weather and worker issues for its troubles in completing its Saipan resort.

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Imperial Pacific sees 2018 loss on lower revenue, higher debt


Imperial Pacific International, which operates Saipan’s only casino, said it expects to post a loss for 2018 due to falling revenue and rising trade

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Primorye picks up development pace


The Russian gambling zone of Primorye, which has not been developing as fast as anticipated, is stepping up its efforts to attract more investors as part of an ambitious plan to almost treble visitor numbers by 2025. The company developing the zone is...

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Royal Time Primorye project in trouble after court ruling


A local court has upheld a decision by the Corporation of the Primorsky Territory gambling zone in Russia’s Far East to terminate a contract with th

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Silver Heritage says talks on capital raising continue


Australia-listed Silver Heritage Group said talks are continuing with potential investors to raise funding to finalize its integrated resort project i

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Moody’s sees high risk of default at Imperial Pacific


Ratings firm Moody’s Investor Services shaved its rating on Imperial Pacific by one notch to "Caa1" and said it still had a negative outlook on the

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Imperial Pacific unveils casino, but delays persist


Imperial Pacific’s highly anticipated multi-billion dollar resort on the island of Saipan is planning to hold an opening on March 31, though it's unclear if anything will actually open. While soft openings are common, with Okada Manila for example...

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Silver Heritage raises Nepal casino budget to $70.3 million


Australia-listed Silver Heritage Group has increased the budget for its integrated resort in Nepal by A$18 million ($13.8 million) to $70.3 million an

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Wynn says Wynn Palace to open in Q3, confirms Q1 results


Wynn Resorts says its delayed $4.2 billion Wynn Palace resort on Cotai is now expected to open in the third quarter and it invested about $177.5 milli

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Wynn concerned about Cotai delays, warns of penalties


Wynn Macau has sent a letter to the contractor developing its $4.1 billion Wynn Palace on Cotai warning of penalty payments should construction milest

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