SJM’s First Half Loss Tops HK$1.4B

The pandemic’s toll on Macau casino giant SJM, which owns Macau’s original casino, Lisboa (l.), caused a plunge in EBITDA of 147 percent on revenues that fell more than...

Published August 3, 2020

Vietnam Resort Revenues Plummet in First Half

Royal International Corp., operator of the Royal Halong Hotel’s Royal Casino (l.) in Vietnam, has reported losses of VND54 billion (US$2.3 million) in the first half of 2020 due...

Published August 3, 2020

Philippines Group Targets 2021 Opening in Cebu

PH Resorts Group Holdings, the gaming and hospitality arm of Philippines conglomerate Udenna Corp., is planning to open Phase 1 of its Cebu integrated resort, called Emerald Bay (l.)...

Published July 27, 2020

U.S. Companies Re-Thinking Japan

Sheldon Adelson (l.), chairman and CEO of the Las Vegas Sands Corp., says he may reconsider his withdrawal from Japan's integrated resort bidding if the government makes the market...

Published August 3, 2020

Macau: Casinos Will Close If Virus Resurfaces

The Macau Health Bureau has warned that casinos in the city could close again if new Covid-19 cases erupt. Macao Government Tourism Office Director Maria Helena de Senna Fernandes...

Published August 3, 2020

Visitation Rebounds at RW Malaysia

Malaysia’s Resorts World Genting (l.) has regained more than half its pre-Covid visitation levels, though it’s only been a few weeks since it reopened.

Published July 27, 2020

NagaCorp Resumes Mass Business

NagaCorp, operator of NagaWorld (l.) in Phnom Penh, Cambodia, was cleared July 19 to reopen full gaming operations, including mass market services, under Covid-19 health rules,. VIP gaming and...

Published July 27, 2020

Singapore Casino Settles with High Roller

Marina Bay Sands (l.) in Singapore has reached a settlement with a high roller who claimed it transferred millions of dollars of his money to the accounts of other...

Published July 27, 2020

Politician In IR Corruption Case ‘Fully Cooperating’

Japanese politician Takaki Shirasuka (l.), accused of taking a bribe from a Chinese company angling to enter the country’s integrated resort industry, says he is cooperating with law enforcement...

Published July 27, 2020

More Big Losses in Store for Macau’s Casinos

A Bloomberg poll of industry analysts points to an EBITDA loss for the second quarter of about US$1 billion. Things aren’t expected to meaningfully improve until China starts issuing...

Published July 27, 2020

IPI Seeks More Time to Pay Debts

Imperial Pacific International, operator of the Imperial Palace Saipan is asking a federal court for time to pay its debts. IPI is struggling to make payroll, an attorney told...

Published July 20, 2020

Manila Authority Cancelled Airport Deal

The Manila International Airport Authority rejected a change of plans from a consortium tapped to redevelop the Ninoy airport. The group said the change was needed because of the...

Published July 20, 2020

Melco Floats US$500M. in Fresh Debt

Added to a $1.92 billion credit facility secured in April, the new senior notes represent another boost for the balance sheet as the company waits for its Macau and...

Published July 20, 2020

Hotels Return at Marina Bay Sands

The non-gaming amenities have been cleared to reopen at Singapore’s Marina Bay Sands. While gaming started again on July 1, the hotel towers have continued to be closed.

Published July 20, 2020

September Debut Set for The Londoner

The first phase of Sands China’s US$2 billion remake of its Cotai Central resort complex into the Londoner (l.) will open on schedule this fall. Plans call for a...

Published July 20, 2020

Layoffs Come to Singapore

The city-state’s two casino resorts have been reopening in phases since mid-June. But the market continues to struggle with the pandemic’s impacts on gaming and tourism, and now Resorts...

Published July 20, 2020

Mohegan CEO: Korean IR a Critical Development, Especially Now

Mario Kontomerkos, CEO of Mohegan Gaming & Entertainment, says the company’s Inspire resort, now in development in South Korea, will be important to the U.S. tribal firm’s long-term financial...

Published July 13, 2020

U.S. Judge Rules Against Saipan Operator

A U.S. District Court judge last week ruled in favor of former workers of Imperial Pacific International, which operates a casino (l.) on the Pacific island of Saipan. Seven...

Published July 13, 2020

Cambodian Casinos OK to Reopen

Cambodia’s almost 200 casinos began to reopen last week after getting the OK from Prime Minister Hun Sen (l.). All gaming venues in the country must meet stringent Covid-19...

Published July 13, 2020

Koike Win Could Tip Scales toward Tokyo IR

Yuriko Koike (l.), called Japan's most powerful woman and a possible successor to Prime Minister Shinzo Abe, has won her second term as Tokyo governor in a landslide decision....

Published July 13, 2020