Suntrust Gets $38 Million Loan to Complete Westside City

Suntrust Resort Holdings Inc., a subsidiary of LET Group Holdings of Hong Kong, has announced that it has secured a $38 million loan to complete its Westside City hotel...

Published April 29, 2024

Could Casino Revive Malaysian ‘Ghost Town’?

Officials in Malaysia are reportedly considering a casino in Forest City, a $100 billion project in the planned Johor-Singapore Special Economic Zone. Observers have called the development a white...

Published April 29, 2024

Saipan Regulator Delays IPI License Decision

Regulators in the Northern Mariana Islands canceled an April 19 hearing in which they were to consider revoking the gaming license held by casino operator Imperial Pacific International. No...

Published April 29, 2024

MGM Secures $3.4 Billion in Funding for Japan IR

MGM Resorts and Orix Corp., partners in a multibillion-dollar integrated resort project in Osaka, Japan, have finalized $3.4 billion in loans to fund the development. The IR on Yumeshima...

Published April 29, 2024

Macau Aims to Be ‘City of Performing Arts’

With new non-gaming investments by Macau’s Big 6 gaming concessionaires, the city is well on the way to becoming what Chief Executive Ho Iat Seng has called a “city...

Published April 22, 2024

Genting Singapore Relies on Non-Gaming to Bring Chinese

Genting Singapore, operator of Resorts World Sentosa, says that non-gaming attractions will keep Chinese visitors coming, even as Beijing warns its people not to gamble in the city-state.

Published April 22, 2024

Macau Legend Pushes Back Sale of Laos Resort

Hong Kong-listed Macau Legend Development expected the sale of its Savan Vegas casino complex in Laos (l.) to close by mid-April. That timeline has been delayed once again, this...

Published April 22, 2024

Hong Kong Court Appoints Liquidator for IPI

On April 15, a court in Hong Kong ordered a liquidator for Saipan casino operator Imperial Pacific International. IPI owes millions in licensing fees and judgments, plus interest and...

Published April 22, 2024

Macau Casino Credit Bill to Become Law

Macau’s new gaming credit bill, to become law on August 1, restricts the issuance of credit to casino concessionaires, allows contracts with junkets and gives the government the power...

Published April 22, 2024

Thai Ministries Studying Casinos

In Thailand, multiple government agencies are studying a House report on legal casinos, which reportedly could significantly increase tourism to the country.

Published April 22, 2024

Marina Bay Sands to Invest $3.32 Billion in Resort Expansion

Marina Bay Sands (l.) in Singapore will invest $3.32 billion in an expansion of the integrated resort, which opened in 2011. The project will add a fourth hotel, 1,000...

Published April 15, 2024

IPI Settlement Decision Due This Week

Commissioners in the Commonwealth of the Northern Mariana Islands will decide Monday whether to revoke the sole gaming license on Saipan. April 22 is the latest date for a...

Published April 15, 2024

Kangwon Land Details Expansion Plan

Kangwon Land, the only locals casino in South Korea, will invest $1.9 billion to expand its casino over the next eight years. The project is meant to draw more...

Published April 15, 2024

Macau GGR Could Grow by One-Third in ’24

Gross gaming revenue in Macau could grow 34 percent to $30.3 billion for the year, according to projections from CSLA. The brokerage released its estimates based in part on...

Published April 15, 2024

Thai Cabinet Says Yes to Casinos

Thailand is moving closer to a legal casino industry. Last week, the cabinet approved a House measure that could bring up to eight integrated resorts with gaming to the...

Published April 15, 2024

Macau Legend Sale May Close April 15

After several delays, the sale of Macau Legend’s Savan Vegas casino (l.) in Laos could be complete by April 15. The buyer is Japanese businessman Shundo Yoshinari.

Published April 8, 2024

Manila IR Opening Pushed Back to 2025

Westside City, an integrated resort now under development in Manila, Philippines, will not open this year as planned. According to Suntrust Resort Holdings, the complex will debut early in...

Published April 8, 2024

Macau Government Pushes RFID Gaming Tables, Chips

Officials in Macau want more gaming operators to install radiofrequency identification-enabled tables and chips to track player data. RFID can provide information on every bet for enhanced industry monitoring....

Published April 8, 2024

Thai Assembly Votes for IRs

On March 27, members of Thailand’s House of Representatives voted overwhelmingly to legalize casino resorts in the kingdom. If the measure passes, analysts say the first integrated resorts could...

Published April 8, 2024

MGM’s Hornbuckle Meets Xi in Beijing

MGM Resorts head Bill Hornbuckle (l.) was part of a delegation of U.S. business leaders who met with Chinese President Xi Jinping last week. The move was called an...

Published April 1, 2024