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Focus Gaming News Asia Pacific | Business

Business

Check the latest Business news

11/24/21

IPI seeks to avoid auction by paying USA Fanter through restricted account

IPI is seeking to avoid the auction of its property in the Northern Mariana Islands.

11/24/21
Crown Resorts expects to post a net debt of US$676m for the FY21

Crown Resorts shares soar after third Blackstone offer

11/24/21

Singapore casino revenue may reach 75% of pre-pandemic levels in 2022

Fitch Ratings has predicted that Singapore casino revenue could reach 75 per cent of pre-pandemic levels by 2022.

11/23/21

NMI Judge orders release of $5.59m to Pacific Rim

Pacific Rim Land Development, IPI’s former contractor, has been granted its request for the release of $5.59m held in an investment portfolio consisting of short-term US government bonds.

11/23/21

Zhuhai relaxes Covid-19 restrictions for Macau

Covid-19 test certificates will now be valid for seven days instead of 48 hours.

11/22/21

First IPI equipment auction to be held on November 30

Clear Management has announced the first of six auctions of IPI’s gaming equipment as it seeks to collect on an unpaid balance of around $2m.

11/22/21

Resorts World Manila to open Hotel Okura Manila on December 28

Resorts World Manila has confirmed a soft opening of Hotel Okura Manila, its Japan-themed venue, for December 28.

11/22/21

Macau daily average of visitors continue to rise

Macau received a daily average of 26,655 visitors between November 12 and November 18.

11/22/21

Macau GGR up 25% in third week of November

Macau’s GGR for the third week of November was up 25 per cent when compared to the previous week, from an average daily revenue of MOP194m (US$24.1m) to MOP242m (US$30.2m).

11/22/21

Julian Cook appointed chair-elect of SkyCity board

SkyCity has announced Julian Cook will be the new chair-elect of the SkyCity Board from November 22.

11/19/21

Jeju Dream Tower posts gaming revenue of US$10.4m for Q3

Lotte Tour Development Co Ltd has reported that the Jeju Dream Tower casino resort recorded gaming revenue of KRW12.3bn (US$10.4m) during the third quarter of the year.

11/19/21

Century expects a loss of HK$20.8m for the six months ended Sep 30

Century Entertainment has issued a profit warning predicting a loss of approximately HK$20.8m ($2.7m) for the six months ended 30 September 2021.

11/19/21

Macau to see economic rebound in November and December

The Macau Economic Association has predicted that Macau’s economy could start to recover in the last months of the year mainly due to several large-scale events and a stable pandemic situation.

11/19/21

Crown receives new acquisition offer from Blackstone

Crown Resorts has received an AU$8.46bn (US$6.16n) offer from The Blackstone Group Inc to acquire all of the shares of the casino operator.

11/18/21

IPI’s casino gaming equipment will be sold in six auctions

IPI’s receiver Clear Management has announced that six auctions will be held.

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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.