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

Macau’s Q2 Losses Could Top US$1B

Macau’s casinos are expected to declare more than US$1 billion in combined EBITDA losses for the second quarter, equivalent to a decline of 56 percent compared to last year....

Published July 13, 2020

Kangwon Land in South Korea to Open This Week

Kangwon Land (l.) in South Korean is expected to resume operations July 6. The resort, closed since February 23, has pushed back the reopening date several times due to...

Published July 6, 2020

Paradise Co. Slashes Costs, Releases Execs

In an all-out survival bid, South Korean gaming operator Paradise Co. has begun a series of cost-cutting measures, including placing more executives on furlough and closing down operations at...

Published July 6, 2020

Genting Cruises to Set Sail Again This Month

Genting Cruise Lines will relaunch its Dream Cruises brand with two- and three-night “Taiwan Island-Hopping” itineraries starting at the end of July. Explorer Dream (l.) has received the world’s...

Published July 6, 2020

Manila Under Quarantine Until July 15

The Metro Manila area of the Philippines will remain under quarantine until mid-July, on orders from President Rodrigo Duterte (l.). The capital is home to the Entertainment City casino...

Published July 6, 2020

Japan Concedes Possible IR Delay

A Japanese government minister says the country’s integrated-resort licensing process may be stalled due to the coronavirus. Kazuyoshi Akaba (l.) said the central government is “endeavoring to confirm whether...

Published July 6, 2020

Emerald Bay Philippines to Be Complete in 2022

Dennis Uy’s PH Resorts Group Holdings Inc. announced in a filing last week that it plans to complete construction of its Emerald Bay casino resort in Cebu in the...

Published June 29, 2020

Saipan Workers Protest, IPI Considers Bond Issue

Hundreds of Imperial Pacific International workers staged a walkout followed by protests on the streets of Saipan (l.), saying they have not been paid and are living in squalid...

Published June 29, 2020

Cambodian Casino Workers Ask for Help

Cambodian casino workers left out of a government program to help the unemployed are asking for a lifeline. A union representing employees of NagaWorld (l.) in Phnom Penh have...

Published June 29, 2020

Bloomberry Expects Delay in Philippines Resort

Enrique Razon Jr., head of Bloomberry Resorts Corp., expect delays in the construction of his second Philippines integrated resort, Solaire North. Razon says the IR likely will not be...

Published June 29, 2020