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Business

Check the latest Business news

12/03/21

Philip Wong steps down as non-executive director of Summit Ascent

Summit Ascent Holdings has reported Philip Wong has resigned as a non-executive director “to devote more time to personal matters.”

12/03/21

CCC monitoring IPI assets after auction delayed

Andrew Yeom, CCC’s executive director, said the regulator is closely monitoring Imperial Pacific International’s assets.

12/03/21

SJM Holdings opens new luxury hotel at Grand Lisboa Palace

SJM Holdings Ltd has opened its long-awaited Karl Lagerfeld luxury hotel at the Grand Lisboa Palace casino resort with 270 guest rooms and suites.

12/03/21

Concerns raised over Nagasaki IR plans and funding

Concerns regarding how the private partner could raise funds to develop an integrated resort in Nagasaki arose during the last Prefectural Council meeting.

12/03/21

South Australia and Adelaide United to promote sports without gambling ads

Authorities and the soccer club have signed a partnership to promote sports without sports betting ads and to establish good practices.

12/03/21

Paradise Co gaming revenue down 53.6% in November

Paradise Co has reported that gaming revenue declined 53.6 per cent month-on-month from KRW21.35bn (US$18.1m) to KRW9.90bn (US$8.4m).

12/02/21

Macau’s premium mass business could be affected by Alvin Chau arrest

Analysts at J.P. Morgan has noted that 10 to 20 per cent of Macau’s premium mass business is connected to junkets.

12/02/21

“Macau’s gaming market will improve in the medium term” – MGM CFO

Jonathan Halkyard, CFO of MGM Resorts International, spoke about the future of Macau’s gaming market in an online session at the Morgan Stanley Global Retail and Consumer Conference.

12/02/21

Westside City Project progressing as scheduled, Suntrust says

SunTrust, Suncity Group’s subsidiary in the Philippines, has said the arrest of Alvin Chau Cheok Wa won’t affect the Westside City Project’s completion date.

12/02/21

Marina Bay Sands to hold three-day virtual career fair

Marina Bay Sands has announced it will host a virtual career fair from December 6 to 8, with over 1,000 positions available at the integrated resort.

12/02/21
Logo of Crown Resorts.

Crown Resorts turns down latest Blackstone offer

12/02/21

Macau: DICJ confirms suspension of Suncity VIP rooms

The Gaming Inspection and Coordination Bureau (DICJ) has confirmed that Suncity Group Holdings has closed all of its VIP rooms in Macau.

12/02/21

Macau GGR for December may rise 8% month-on-month

Sanford C. Bernstein has predicted that Macau’s GGR for December could be down by 68 per cent when compared to pre-pandemic levels but up 8 per cent month-on-month.

12/01/21

IPI equipment auction postponed for 30 days

The receiver Clear Management has postponed the first of six auctions of IPI’s gaming equipment to give the company time to settle a lawsuit with a former contractor.

12/01/21

Suncity Group closes all VIP rooms in Macau

Suncity Group Holdings has decided to close all of its VIP rooms in Macau until further notice.

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Highlighted Interview

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.