Wynn Macau Bolsters Balance Sheet

Wynn Macau is raising US$750 million in new debt while it waits for an easing of the Covid-related travel restrictions that have battered the Chinese casino hub. In April...

Published June 22, 2020

Hong Kong Investor Plans Philippines IR

Marina Square Properties Inc., a unit of Hong Kong-listed International Entertainment Corp., has announced it will apply for a provisional gaming license to develop an integrated resort in Manila....

Published June 22, 2020

China Steps Up Fight Against Cross-Border Gambling

The Chinese government is calling for renewed efforts to stem the illegal flow of monies for gambling. A report in state news agency Xinhua characterized it as a “major...

Published June 22, 2020

Manila Casinos to Remain Closed Through June

Based on concerns about the coronavirus, Philippines President Rodrigo Duterte has extended the shutdown of casinos in the country until June 30. The hub of gaming in the country...

Published June 22, 2020

RW Genting in Malaysia Reopens

Resorts World Genting (l.) in Genting Highlands, Malaysia reopened last Friday. With international borders still closed, Nomura Group predicted that locals would flock to the gaming venue.

Published June 22, 2020

Malaysia’s RW Genting to Remain Closed

Malaysia’s Resorts World Genting, which was supposed to have reopened by now, looks to remain on lockdown for the immediate future. The government’s phased recovery plan does not yet...

Published June 15, 2020

Macau Takes Huge Gaming Tax Hit

Not surprisingly, tax collections in Macau have followed gaming revenues—all headed downward. The government’s take through the first five months is off more than 56 percent from the same...

Published June 15, 2020

Domingo: Philippines Casinos to Reopen In July ‘At the Latest’

The head of the Philippines gaming regulator says the land-based casinos in Manila’s Entertainment City may resume operations by the end of June or July “at the very latest.”...

Published June 15, 2020

With Sands China Probe, Singapore Looks at AML Crackdown

Singapore is considering strengthening KYC protocols for casino customers following the revelation that the U.S. Department of Justice is investigating anti-money-laundering regulations at Marina Bay Sands (l.)

Published June 15, 2020

Sands China Shores Up Balance Sheet

The Macau gaming giant is selling US$1.5 billion of fresh debt to help carry it through the pandemic. The company generated only $9 million in casino revenue in April,...

Published June 8, 2020

Century Shelves Cambodia VIP Deal

Gaming company Century Entertainment has ended its licensing agreement with Crown Resorts to run a VIP room at the Genting Crown Casino (l.) in Poipet, Cambodia.

Published June 8, 2020

Korean Operator Sales Down by Half in May, But Up Month on Month

South Korean casino operator Paradise Co. Ltd. saw its May casino numbers plummet 51.2 percent year-on-year. But month on month, Paradise saw an improvement. It runs four foreigners-only casinos...

Published June 8, 2020

Suncity Ups Stake in Philippine Unit

Hong Kong-listed Suncity Group has announced plans to significantly increase its share in Philippine subsidiary SunTrust from 51 percent to almost 75 percent. Suncity plans a bond issue to...

Published June 8, 2020

Korean Casino Backs Off Reopening Plan

Kangwon Land, the only South Korean casino that lets locals gamble, has tabled plans to reopen its main gaming floor following a sudden increase in Covid-19 cases in the...

Published June 8, 2020

No Word Yet on Manila Casino Openings

Last Monday, Philippine President Rodrigo Duterte gave the OK for many businesses to reopen throughout the country, but there’s no word yet on when casinos, including Melco’s City of...

Published June 8, 2020

Singapore Casinos, Government Collaborate on Reopening Plan

Officials with Resorts World Sentosa (l.) are working closely with Singapore government officials on a plan to safely reopen. Last month, Singapore’s Ministry of Trade and Industry cleared a...

Published June 8, 2020

For Macau, Normalcy at the Borders Is Elusive

In good news for Macau, the mainland Chinese city of Chongqing is issuing individual travel visas again. But there’s still no word on when the system will extend to...

Published June 8, 2020

Silver Heritage Lender Appoints Receivers

The lender for Hong Kong-based gaming company Silver Heritage Group has appointed receivers to “ensure continuation of the underlying business while strategic options are being explored.” Silver Heritage runs...

Published June 1, 2020

Tokyo High Prosecutor Out in Gambling Scandal

Hiromu Kurokawa (l.), head of the Tokyo High Public Prosecutors Office, has resigned after admitting he ignored social distancing rules to play mahjong for cash with reporters.

Published June 1, 2020

Singapore Shutdown Continues

Singapore’s two casinos, Resorts World Sentosa (l.) and Marina Bay Sands, will remain closed beyond June 1, according to the local Casino Regulatory Authority. Most other businesses in the...

Published June 1, 2020