Saturday, August 13, 2022


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IR implementation bill delayed again


The IR implementation bill won’t be submitted to the legislature this month, as had been planned, throwing doubt over the timetable for the bill. Th

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No guarantee MGM Cotai will be open by CNY: Fernandes


The head of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes said there is no guarantee that MGM Cotai will open by Chinese

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Labor issue spells possible trouble for IPI


A mass exodus of workers on the Imperial Pacific Resort construction site could mean more delays are in store for the casino-hotel, which is aiming to

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MGM China estimates lowered after delay announcement


Morgan Stanley analysts have revised down its estimates for MGM China after the company announced the delay of its new Cotai property, as well as high

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MGM expects delay for Cotai opening


MGM China announced on Friday it is no longer targeting a fourth quarter opening of MGM Cotai after assessing damage caused by Typhoon Hato which stru

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Grand Lisboa Palace opening likely to be postponed


SJM’s Grand Lisboa Palace will have its opening delayed following a fire at the casino’s construction site over the weekend, according to executiv

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Ruling Party confirms IR bill delay


Members of the Abe government and the ruling party confirmed to the Japanese media that no progress would be made on passing either the gambling addic

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The 13 misses Monday opening deadline: Bloomberg


The 13 Holdings Ltd. missed its July 31 deadline to open its hotel in Macau, a condition of its HK$3 billion (US$384 million) loan from Bank of Commun

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IR bill delay could be positive for pachinko


The outcome of Tokyo’s local elections on Sunday is likely negative for IRs, but could be a relief for Japan’s pachinko industry, says Union Gamin

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Silver Heritage launches entitlement offer for Nepal casino


In a filing to the Australian Stock Exchange on Friday, Silver Heritage Group Ltd. announced the launch of a fully underwritten accelerated renounceab

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Genting may see $274 mln loss on tribal casino


Genting Malaysia Bhd may be forced to write off its $274 million investment in its US tribal casino should the US Department of Interior (DOI) decide

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Primorsky authorities file against Royal Time Group


The Primorye Territory Development Corporation is seeking to terminate its agreements with Royal Time Primorye, as a result of the latter missing its

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Silver Heritage net loss widens 8 pct in FY16


Silver Heritage Group Ltd. posted a widened net loss of US$4.6 million for the 2016 financial year, according to the company’s filing to the Austral

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Okada Manila pushes opening to end-March


Philippine’s largest integrated resort Okada Manila has pushed back the date of its grand opening to the end of March, according to a company press

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HK-Zhuhai-Macau bridge aims for 2017 completion


The bridge connecting Hong Kong, Zhuhai and Macau is expected to complete by the end of 2017, said Hong Kong’s Secretary for Transport and Housing.

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Debtor database delayed to February: Kwok


The launch of Macau’s junket-proposed debtor database system is likely to be delayed as it awaits approval from relevant authorities in Macau, local

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MGM China opening no later than Oct 1: analysts


MGM China’s new Macau casino launch date should be no later than October 1, say analysts. Analysts including JPMorgan and Telsey Group believe the p

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MGM Resorts pushes Cotai casino opening to 17H2


MGM Resorts has pushed back the expected opening of its HK$24 billion ($3.1 billion) integrated resort, MGM Cotai, to the second half of 2017. “Give

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Crown’s asset separation may face delays


James Packer’s plan to separate some of Crown Resorts’ domestic assets from its international assets may take longer than the initial nine-month t

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