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Sands’ withdrawal a vote of “no confidence” in Japanese policymakers

2020-05-15

In an earnings conference call in April 2019, Las Vegas Sands President and Chief Operating Officer Robert Goldstein declared, “Our commitment to Japan is immense. It will be lots and lots of rooms—many, many rooms. There will be lots of retail. There...

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Korean firms eye Primorye zone

2019-03-22

Three firms from South Korea are eyeing projects in the Primorye gambling zone in Russia’s far east, with Summit Ascent, the region’s only existin

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Myanmar eyes casinos to boost tourism

2018-12-14

Myanmar looks set to be the next Asian jurisdiction to open its doors to IRs as the government seeks to attract much needed tourism dollars, with experts in the region predicting strong interest from potential investors.

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Regulation to stimulate growth

2018-07-20

Cambodia is expected to introduce its long-awaited casino regulation in September, which may attract further investment to one of Asia’s most vibran

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Clark developments lure IR investors

2018-06-01

The Philippine government has an ambitious plan to create a new green city in Clark, home to a former U.S. air force base, which it hopes will become

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Investors dodge tax bullet, discuss development plans

2018-04-18

Operators in Russia’s Far East have won a reprieve from a potentially punishing new tax regime and are now discussing further development plans with the government of the zone. In the interests of long-term investment, Primorye chose to leave taxes...

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Century Casinos has $50m to spend in Asia: Union Gaming

2018-04-05

Century Casinos, a Nasdaq-listed operator with operations in the U.S., Canada and Europe, has more than $50 million in available capital to put toward

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Galaxy buys Wynn Resorts stake

2018-03-22

Galaxy Entertainment has bought a stake of just under 5 percent in Wynn Resorts from the company’s founder Steve Wynn, calling the purchase a “uni

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China firm plans $4.5b Incheon IR

2018-02-19

LongRunn International, a Chinese real estate and resorts developer, has reportedly agreed to construct a $4.5 billion property near the Incheon Inter

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First round of tax changes won’t bite, but second may sting

2018-02-13

Philippine President Rodrigo Duterte late last year signed into law the first steps in a long-awaited tax reform program to raise funds to improve infrastructure, which analysts say will dampen consumer spending, but are unlikely to hurt the booming gambling...

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Vietnam green lights Laguna Lang Co casino

2018-01-02

Prime Minister Nguyen Xuan Phuc has agreed in principal to allow a casino to be added to the Laguna Lang Co. resort in central Vietnam, with a likely

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Tiger Palace nears opening as Nepal’s casino sector stirs

2017-11-29

Nepal’s casino sector appears finally to be poised for expansion, with new properties opening and foreign investors entering the market, drawn by the lure of untapped demand in neighboring India and increased business traffic. The industry is one of...

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NZ politicians to shake up racing, seek international interest

2017-11-15

New Zealand’s racing industry is facing a major overhaul designed to bring in more international interest and boost revenue, though some critics say it increases political involvement in a traditionally neutral industry. The recent national elections...

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Navigating rough seas

2017-05-31

North Korea is seeking foreign investment to fund a $20 million casino cruise ship aimed at boosting tourism in the region. But international sanctions and cultural differences mean the initiative may never set sail. When considering vacation options,...

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Taking the temperature of the casino debate

2017-05-03

The Japanese language includes the idiomatic expression “ondosa,” which literally means “a difference in temperatures.” However, it often appears in newspapers to represent a situation in which various parties don’t quite see eye-to-eye—that...

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Gambling on Australia’s preferences

2017-03-29

A small change to Australian gambling law in 2015 is now having an impact on the wider industry. The amendment highlights why many are concerned about the market’s ability to support some of the multi-billion dollar IR projects being planned. With Australian's...

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Thailand says no contact with Cambodia over disputed border casino

2017-03-21

Thai Foreign Minister Don Pramudwinai said the ministry has not written to authorities in neighbouring Cambodia regarding a disputed border casino, Th

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FLC Group plans $2 billion Vietnam project

2017-03-21

FLC Group Joint-stock Co., co-founded by billionaire Trinh Van Quyet, said it has received permission to invest $2 billion in a casino resort from the

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US investor acquires convertible bonds in The 13

2017-02-23

Alternative investment firm Evolution Capital has acquired HK$1.75 billion (US$225.8 million) of convertible bonds of The 13 Holdings Ltd. The shares,

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