Genting: Singapore Expansion on Hold

Genting Singapore has confirmed that a planned US$3.3 billion expansion of Resorts World Sentosa will be delayed and possibly redesigned due to the far-reaching impact on supply chains of...

Published august 17, 2020

Genting HK Delays Two Ships

In a filing to the Hong Kong Stock Exchange, Genting HK reported that it will delay the delivery of two new cruise ships by a year as it attempts...

Published august 10, 2020

Court Rules Okada May Not Return to Universal

A Japanese court has barred Kazuo Okada (l.) from returning to the boards of companies he founded, Universal Entertainment Corp. and the unit that controls the Okada Manila resort...

Published august 10, 2020

Donaco Cuts Costs, Waits to Reopen in Cambodia

Australian-listed Donaco International Ltd., awaiting permission from the Cambodian government to reopen its Star Vegas resort (l.) in Poipet, also plans cost-cutting measures to offset Covid-19 losses.

Published august 10, 2020

Saipan Casino Execs Indicted

Two executives of Saipan casino operator Imperial Pacific International have been indicted for allegedly conspiring to hire illegal workers to help build the IP casino (l.) in violation of...

Published august 10, 2020

Macau’s July Win Down 94.5 Percent

July was the fourth consecutive month that Macau saw declines in gaming revenue of 90 percent or more. Observers say that unless China acts soon to restore tourist visas,...

Published august 10, 2020

Changing Partners In Japan

The cast of would-be casino operators in Japan has shifted again, with Wynn Resorts’ exit from Yokohama (l.), MGM’s waffling on its commitment to Osaka, and the departure of...

Published august 10, 2020

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