Saturday, June 25, 2022


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Success Universe expects to report 2019 profit gain


Success Universe, an investor in Macau’s Ponte 16, said it expects to report a gain of about 30-40 percent in 2019 profit, compared with the HK$54.2 million ($6.98 million)  it reported the prior year. 

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Primorye zone to receive power plant investment


The Primorsky Krai Development Corporation has signed an agreement for a joint venture with a Russian subsidiary of China's state-owned energy company Sinomec as part of the Eastern Economic Forum in the Russian city of Vladivostok.

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NSW and Victoria stage turf war in Australian racing


Australian racing is in the midst of one of the biggest changes in its long history as the nation's two biggest states – New South Wales and Victoria – wage what the media have dubbed a "turf war" and behind which lies two different approaches to...

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Star's Queen’s Wharf Brisbane begins construction


Construction has begun in earnest on SkyCity Entertainment’s $3.6 billion Queen’s Wharf Brisbane Development, with heavy machine moved onsite over the past weekend.

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Table Trac casino management system enters Japan


The Minnesota-based firm Table Trac, developer of a comprehensive casino management system utilized in more than 140 facilities in North and South America, has partnered with the Tokyo-based firm Broadband Security to make a bid for the coming Japanese...

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Melco agrees to buy $1.75b Crown stake


Melco Resorts & Entertainment said it agreed to buy an almost 20 percent stake in Crown Resorts for A$1.75 billion ($1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.

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Sands mulls joint IR bid with Osaka firms: Tanasijevich


Las Vegas Sands Managing Director for Global Development George Tanasijevich said the operator was in talks with several companies in the Osaka region about the possibility of making a “joint bid” for the Yumeshima IR.

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Huis Ten Bosch investment deal with Fosun Group falls through


Major travel agency H.I.S. has announced that its anticipated investment deal with the Fosun Group of China regarding the Huis Ten Bosch theme park in Sasebo, revealed last December, has fallen through.

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Get Nice teams with Shotoku Rinaldo for IR bid


Hong Kong-listed Get Nice Holdings, the former owner of Macau’s Waldo casino, has formed a joint venture with Shitoku Rinaldo Corp. to bid for a licence in Shizuoka Prefecture in Japan.

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Star gets approval for expanded Gold Coast project


Star Entertainment says it has received approval from the Queensland government for the expanded masterplan for its Gold Coast resort.

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Rush Street’s Illinois casino partnership with Clairvest ends


The partnership between Rush Street Gaming and the Clairvest Group, which dates from 2011, has come to an end after a third company, Churchill Downs, bought the entire Clairvest stake in the Rivers Casino of Des Plaines, Illinois.

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Tourism Malaysia and Tencent to create digital ecosystem


Tourism Malaysia has teamed with China's Tencent Holdings to create a digital tourism ecosystem aimed at helping the Southeast Asian nation gain a gre

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AGTech launches Indian shopping and gaming platform


AGTech Holdings has announced the launch of a new casual gaming and shopping platform in India, called the Gamepind Platform. Launched on Monday in jo

Melco finalizes Cyprus accord, boosts stake


Melco International Development has sealed its joint venture agreement with CPZ to develop a resort on Cyprus and said it will increase its holding in

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Universal Ent announces joint venture, damage suit against Okada


Universal Entertainment Corporation has announced that it has entered into an agreement with Guangcai Group to establish a 50-50 joint venture corpora

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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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Galaxy eyes Philippines gaming market


Casino operator Galaxy Entertainment Group is looking to expand its gaming business to the Philippines, according to industry sources. A subsidiary of

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Studio City applies for IPO


Studio City International Holdings, the holding company Macau’s Hollywood-themed Studio city, has reportedly filed with the U.S. Securities and Exch

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Sega Sammy seeks majority stake in Japan IR: Reuters


Slot machine manufacturer Sega Sammy Holdings Inc has expressed interest in a joint venture for a casino resort in Japan, but says it would be looking

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