Archive

_2020-10-06
Paradise Co., which operates foreigner-only casinos in South Korea, saw an improvement in sales in September from the prior month, even though they were down 71 percent from the prior year.

_2020-09-25
China’s largest online travel group, Trip.com, has noted a 500 percent gain in searches for tourism products in Macau since China resumed issuing individual travel visas on Sept. 23rd, Macau Business reports. 

_2020-09-23
Genting Malaysia said it’s seeking to boost domestic demand and visitation at its flagship property in the country, but the overall outlook for the group remains “uncertain.”

_2020-09-23
There is significant uncertainty about the recovery and expansion prospects of Okada Manila given the severity of the Covid-19 outbreak in the Philippines, Fitch Ratings said.

_2020-09-21
Gross gambling revenue in Q2 in the Philippines came in at just P2.42 billion ($49.9 million) as the Covid-19 crisis forced the closure of gambling outlets across the country, according to figures from regulator, the Philippine Amusement and Gaming Corp....

_2020-09-21
Tak Chun CEO Chang Wen Lin may make a mandatory offer for all of the outstanding shares in Macau Legend for HK$1.9 billion ($245 million) after acquiring a stake in the operator.

_2020-09-19
HatchAsia has signed and executed a Deed of Company Arrangement to take control of Australia-listed Silver Heritage Group. 

_2020-09-19
Macau is likely to recover faster than Las Vegas from the impact of Covid-19, but the trajectory remains opaque, Fitch Ratings said.

_2020-09-17
Marina Bay Sands has hired a top law firm in Singapore to look into potential employee transfers of more than $1 billion in clients’ funds to third parties, Bloomberg reports.

_2020-09-11
“The casino issue is symbolic of the clear confrontational axis between top-down politics and grassroots politics… We cannot let matters continue as they have under the Abe administration.” So declared Leader of the Opposition Yukio Edano on Wednesday...

_2020-09-10
The amount of revenue collected from Macau’s six gaming operators has fallen to just 45.6 percent of the government’s budget given the effects of the pandemic.

_2020-09-08
Imperial Pacific International’s newly appointed CEO Donald Browne has reportedly told members of the House of Representatives Gaming Committee that the government’s actions have made them feel unwanted on Saipan.

_2020-09-07
The Singapore Tourism Board has said it will start accepting applications for MICE events that can host up to 250 people from October, significantly expanding the current 50-person limit.

_2020-09-04
Casinos in New York State, including Genting Group’s Resorts World Catskills, will be permitted to open from next Wednesday, though will face strict reopening restrictions.

_2020-09-04
New Silkroad Culturaltainment said its project to develop an IR on Jeju Island in South Korea remains stalled due to project finance delays.

_2020-08-31
A Thai politician has said he wants to start a committee to research plans for integrated resorts in key tourism areas, suchy as Bangkok, Phuket and Chiang Mai.

_2020-08-28
Centara Hotels & Resorts says it has signed three hotel management agreements for Myanmar, one of which will include a casino.

_2020-08-28
NagaCorp said it intends to explore expansion in Siem Reap and Sihanoukville, but suggests the properties won’t necessarily include gaming.

_2020-08-27
Philippines-based HatchAsia has put forward a proposal to recapitalize Australia-listed Silver Heritage Group, which is currently in administration.