Wednesday, June 29, 2022


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Nagasaki gains a step on Wakayama


In recent weeks, Nagasaki may have gained a step on Wakayama, which is likely its main rival to secure an IR license.

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Investors dodge tax bullet, discuss development plans


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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IR advocates argue polls biased and misleading


The latest newspaper public opinion poll holds more bad news for IR advocates, but some observers suggest that the polls don’t mean what they appear

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Silver Heritage confident consultancy termination valid


Australia-listed Silver Heritage Group said it’s confident that a consultancy agreement with a former partner at its Nepal IR was validly terminated

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Melco grants shares to Lawrence Ho


Melco Resorts & Entertainment said its board has agreed to allocate restricted shares, equivalent to 531,381 of the company’s ordinary shares to Cha

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Galaxy buys Wynn Resorts stake


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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Philippines premium mass sector tipped for growth


The Philippines is in a strong position to capture a growing share of the premium mass market to help diversify its tourism base, according to Bloombe

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Nagacorp shakes up management team


Nagacorp said it is shaking up its management team, with a new executive deputy chairman and chief financial officer, to help position the company for

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LVS sells Sands Bethlehem for $1.3b


Las Vegas Sands say it agreed to sell its Sands Bethlehem property in Pennsylvania to Wind Creek Hospitality for $1.3 billion. Wind Creek is an affili

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Government already has concessions timetable, Wong says


The Macau government already has a timetable for new gaming concession public tenders, but has not yet provided operators with more details, Sands Chi

LVS survey shows Japan public can be won over


George Tanasijevich, managing director of global development at Las Vegas Sands, recently presented a survey in central Tokyo, which for the first tim

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Destination as a revenue driver


Okada Manila, owned by Japan’s Universal Entertainment, is the new comer to Entertainment City, holding a soft opening for the resort in late 2016. At 44 hectares, the property is by far the biggest in the complex and the rollout of hotels and other...

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Goa casinos await “transformational” policy changes


Goa’s offshore casinos, which currently float in the Mandovi River, are waiting for the government to finalize legislation that will force them to shift onshore, which may prove a game changer for the industry in India. Industry experts say the move...

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MGM China gets 125 tables for MGM Cotai


MGM China Holding’s new Cotai resort, which opens on Jan. 29, has been allocated a total of 125 new tables by the Macau government. The property wil

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2018 in focus: Cambodia, bitcoin and regulatory change


The Year of the Dog is about to dawn in Asia, with most gaming markets in the region starting on a positive note after a strong 2017. The focus this y

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Resorts World Genting eyes millennials with Zouk club


Malaysia’s Resorts World Genting will open a Zouk Genting nightclub in January as part of its ongoing efforts to revamp the resort and improve its e

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Ho Tram breaks ground on condotel project


The Ho Tram Project Company said it has begun construction work on the next phase of the $4.2 billion Grand Ho Tram IR project in Vietnam, breaking gr

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Will Japan whet Europe's expansion appetite?


It’s 15 years since Macau flung open its arms to international gaming companies and major US operators wasted little time heading to the Far East to plant their flags firmly in the ground. US and Australian interests have dominated casino investment...

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Japan’s AML policies remain work in progress


Money laundering comes a close second to gambling addiction when it comes to reasons for opposing casinos in Japan, with local media stoking fears that the country’s organized crime gangs plan on using IRs to legitimize the proceeds from crime. These...

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