Nagasaki IR Hopes Fading

Investors who hoped to develop an integrated resort in Nagasaki face the dissolution of the plan, per an industry expert. Professor Toru Mihara says the consortium could fall apart...

Published June 5, 2023

Maybank: Koreans Buoy Philippines VIP Segment

Korean gamblers are the backbone of the Philippine VIP segment, according to a note from Maybank Securities. The number of visitors from Korea has reached 70 percent of pre-Covid...

Published May 29, 2023

PAGCOR Still Plans Casino Sale

The Philippine gaming regulator will divest of its casino assets by the end of 2024, says Chairman Alejandro Tengco. The Philippine Amusement and Gaming Corp. has been criticized for...

Published May 29, 2023

Macau GGR: May to Beat April

Gross gaming revenue in Macau was projected to reach $1.38 billion for the first three weeks of May, according to estimates from JP Morgan Securities. That’s an improvement on...

Published May 29, 2023

Grand Lisboa Palace to Fully Open This Year

SJM Holdings has indicated that its Grand Lisboa Palace resort should be fully operational by the end of the year, with almost 1,900 hotel rooms. GLP is located in...

Published May 22, 2023

PAGCOR Pays $35M to Philippine Treasury

The Philippines’ gaming regulator PAGCOR recently paid $34.8 million in cash to the country’s treasury. The funds represent its declared dividends for 2022.

Published May 22, 2023

Analyst: Singapore IR to Draw More Chinese Customers

Maybank Securities analyst Samuel Yin Shao Yang says the imminent return of Chinese air travelers portends well for Resorts World Sentosa, Genting’s integrated resort in Singapore.

Published May 22, 2023

Macau Comeback Continues, Analysts Adjust Projections

Macau’s recovery is continuing in full force, with economists now expecting gross gaming revenue to exceed expectations set in January. After three years of closures due to Covid-19, the...

Published May 22, 2023

Macau Stands by Junket Tax

The Macau government will not waive a 5 percent tax on commissions paid by casinos to junkets. An industry trade group had appealed for relief, saying junkets in the...

Published May 15, 2023

Macau to Operators: Obey New Credit Rule or Pay

Gaming operators in Macau will be fined if they run afoul of a proposed new amendment to the gaming law. If passed, the law would prohibit management and sub-concessionaires...

Published May 15, 2023

Macau Mass Gaming Picks Up Steam

With mass gaming on a roll in Macau, Morgan Stanley analysts are projecting the segment could almost equal revenues for 2019. April numbers were “circa 100 percent” of pre-pandemic...

Published May 15, 2023

PH Resorts Hopes to Jumpstart Philippines IR

PH Resorts Group, a unit of Philippines business conglomerate Udenna Group, is hoping investors will enable it to resume construction on a stalled integrated resort in Cebu.

Published May 8, 2023

Mohegan Inspire on Track to Open This Year

Mohegan Gaming’s long-awaited South Korean resort, Inspire, is set to open in late 2023, according to the U.S.-based tribal gaming enterprise. Inspire will include a foreigners-only casino.

Published May 8, 2023

Japan IR Opening Pushed Out to 2030

Japan’s first casino, to be built on Yumeshima Island in Osaka Bay, is now set to open in 2030, a year later than recently planned. The resort is a...

Published May 8, 2023

Macau GGR Hits Three-Year High

Macau casinos posted brisk gaming revenues for April, up 450 percent year on year and more than 15 percent from the previous month. Tourism was healthy for the Labor...

Published May 8, 2023

Macau Visitation Jumped in March

Visitation continues to climb in Macau, which reopened its borders in January. For March, arrivals increased 271.4 percent year-on-year and 22.8 percent over February.

Published May 1, 2023

Macau Considers New Credit Limits for Gamblers

Macau lawmakers have proposed a new amendment to the city’s recently revised gaming law. It would prohibit management companies from extending credit to gamblers.

Published May 1, 2023

Macau Junket Boss Gets 14 Years in Prison

On April 21, Macau junket kingpin Levo Chan (l.) was sentenced to 14 years behind bars for illegal gaming, fraud, money laundering and other crimes. In January, his rival,...

Published May 1, 2023

Maybank IDs Potential PAGCOR Casino Buyers

Maybank Securities suggests there may be a few bidders for casinos owned by the Philippine Gaming and Amusement Corp. They include operators in Clark, Philippines as well as the...

Published May 1, 2023

Incheon Casino Opening Delayed to 2024

A casino complex in South Korea’s Incheon Free Economic Zone won’t debut its first phase of development until March 2024, a year after the originally scheduled opening.

Published April 24, 2023