Wednesday, June 29, 2022


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Slow but steady progress 


Vietnam’s gambling industry stayed largely out of the headlines in 2019, though projects have been inching their way forward, with the country’s largest resort to date scheduled to open in the first half of this year.

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Genting, five others, claim irregularities in Andorra license bid


Genting and five other losing bidders for a casino license in Andorra are petitioning the government to review and potentially annul the process due t

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Gaming consultants woo local governments


Four major companies, all of them related to the auditing industry, have been competing to offer gaming-industry consultancy services to Japanese loca

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Paradise March sales gain 34 percent


Paradise Co., which operates foreigner-only casinos in South Korea, said sales gained almost 34 percent in March, led by table games. The company said

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Galaxy plans low-rise, eco-friendly resort for Boracay


  Galaxy Entertainment Group said it plans to build a low-rise, eco-friendly resort on Boracay, which will be its first project outside of Macau. The

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Deutsche trims Wynn share price target


Deutsche Bank has cut its share price target for Wynn Resorts to $215 from $221, though the firm reiterates its buy rating and says all indications po

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Macau operators turn to electric vehicles


Macau’s operators are greening their fleet of buses, with MGM China becoming the latest to add eco-friendly vehicles, Macau News Agency reports. The

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MGM China Q4 revenue gains, led by mass


MGM China’s Q4 revenue gained 10 percent, pulled up by the mass market, which benefited from a gain in both volume and hold percentage. Net revenues

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Genting’s New York IR debuts, eyes Asian tourists


The $1.2 billion Resorts World Catskills opened its doors on February 8, expanding the Genting brand in the U.S., even though the Malaysian company missed out on a license for its own property in New York State. The project, which is the biggest of four...

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Landing delays Jeju Shinhwa opening after protests


Landing International has been forced to delay the transfer of its casino on Jeju island to its new IR complex after protests from local residents, th

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Ceiling collapse at Resorts World Sentosa injures four


A portion of the ceiling board collapsed during renovation works at the Resorts World Sentosa casino in Singapore on Tuesday morning, injuring four co

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Udenna mulls IPO for Cebu project


Udenna Corp hopes to begin construction of a resort on Cebu soon and is considering an initial public offering, or backdoor listing, to fund the proje

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Tiger Palace nears opening as Nepal’s casino sector stirs


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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Naga plans to curl around China


NagaCorp doubled the footprint of its Cambodian casino with the opening of the Naga 2 complex earlier this month, but the Hong Kong-listed operator is not content to stop there, with its founder outlining a vision to become a global hospitality group. The...

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Nagasaki moving ahead with RFI


In an exclusive interview with Asia Gaming Brief, Nagasaki Governor Hodo Nakamura revealed that the RFI (Request for Information) process with IR oper

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Flying the kite?


Melco Resorts and Entertainment’s decision to file for an initial public offering for its Studio City joint venture took analysts by surprise, with many speculating the proposed listing is being used to fish for a valuation for the resort. Melco owns...

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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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Anti-addiction bill comes first


Executives of the ruling Liberal Democratic Party and its coalition partner Komeito have agreed that the next Diet session will prioritize passage of

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Caesars talks responsible gaming in Tokyo


Caesars Entertainment on Wednesday hosted an event at the Imperial Hotel in Tokyo titled “Media Roundtable on Responsible Gaming in Japan.” From t

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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