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Summit Ascent to sell Tigre de Cristal licence for US$116m

Delta Corp to transform residential project into a resort hotel in Goa

Delta Corp has announced plans to transform a residential project in Miramar, Panaji, Goa into a resort hotel, aiming to meet the growing demand for upscale hotel rooms in the area.

01/11/24

Macau airport forecasts 10-15% passenger volume increase in 2024

01/11/24

MGTO expects 3m overseas visitors in 2024

Macau’s tourism authority aims to attract 3 million overseas visitors in 2024, matching 2019 pre-pandemic levels.

01/11/24

Genting Malaysia buys US$100m stake in US casino operator Empire Resorts

With this investment, Genting Malaysia boosted its ownership stake in the U.S.-based casino operator to 90 per cent.

01/11/24

SJM Resorts awards one-month bonus to 98% of its staff

The casino operator aims to recognise its employees for their efforts in the company’s recovery from the Covid-19 pandemic.

01/11/24

Queensland gaming revenue up 4.1 per cent in December

Revenue was also up 4.6 per cent month-on-month.

01/10/24

Seventh IPI equipment auction raises over US$25K

Acceptable bids were received for 34 lots but no bids were received on the remaining 196 lots. An eighth auction is scheduled for February 23.

01/10/24

Okura Holdings to close another pachinko parlour in Nagasaki

Okura Holdings is closing down its K’s Plaza Ohato Hall in Nagasaki City due to its deteriorating financial performance and the resulting low customer traffic.

01/10/24

Delta Corp net profit plummets 59% in Q3

The company attributed the decline in net profits to lower revenue and expenses that were higher than expected.

01/10/24

HKJC recognized as outstanding contributor to Hangzhou Asian Games

01/09/24

Macau GGR reaches estimated US$548m in first week of January

Analysts at Citigroup say Macau’s casino gross gaming revenue reached a daily run-rate of MOP629m (US$78.4m).

01/09/24

Queen’s Wharf delays threaten Star’s debt refinancing, analysts say

Financial analysts at Jefferies have expressed concerns about Star Entertainment’s ability to refinance its debt due to delays in the construction of its new resort and casino in Brisbane.

01/09/24

Osaka IR plans face scrutiny in public hearing on environmental report

A review of the results of the hearing will be conducted by the entity that is to develop the IR, and it will decide if additional research is required.

01/09/24

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Check the latest Business news

Summit Ascent to sell Tigre de Cristal licence for US$116m

Delta Corp to transform residential project into a resort hotel in Goa

Macau airport forecasts 10-15% passenger volume increase in 2024

MGTO expects 3m overseas visitors in 2024

Genting Malaysia buys US$100m stake in US casino operator Empire Resorts

SJM Resorts awards one-month bonus to 98% of its staff

Queensland gaming revenue up 4.1 per cent in December

Seventh IPI equipment auction raises over US$25K

Okura Holdings to close another pachinko parlour in Nagasaki

Delta Corp net profit plummets 59% in Q3

HKJC recognized as outstanding contributor to Hangzhou Asian Games

Macau GGR reaches estimated US$548m in first week of January

Queen’s Wharf delays threaten Star’s debt refinancing, analysts say

Osaka IR plans face scrutiny in public hearing on environmental report

Chinese outbound tourism recovery to be slower than expected: Nomura

Australasia

ACMA clarifies Australian gambling ad rules

Casino

Macau Q3 GGR falls 3.8% as mass baccarat declines

Legal

Questions raised over effectiveness of online gambling enforcement in Thailand

East Asia

South Korean police claim to have broken up US$17.3bn illegal gambling network