09/24/21 India: more criticism of Karnataka ban on online gambling Industry players believe the banning of online gambling in Karnataka would be a boost for illegal offshore betting apps.
09/24/21 Capital Group Companies Inc reduces stake in Wynn Macau Capital Group has announced it has reduced its stake in Wynn Macau from 7.20 per cent to 6.87 per cent.
09/24/21 Sands China completes issue of US$1.95bn in senior notes Sands China has announced it has finished the issuance of new unsecured notes to redeem in full the outstanding principal amount of its US$1.80bn 4.6 per cent senior notes due 2023.
09/23/21 Expectations rise for October Golden Week in Macau Expectations for Macau’s October Golden Week continue to rise. Authorities now expect 40,000 daily visitors during the national holiday.
09/23/21 Nagasaki expects annual GGR of US$1.37bn from its IR The Nagasaki Prefectural Government has revealed it expects annual gross gaming revenue (GGR) of JPY150bn (US$1.37bn) from its proposed integrated resort.
09/23/21 AIGF criticises Karnataka ban on online gambling The All-India Gaming Federation (AIGF) claimed the banning of online gambling would damage the state’s standing as a tech centre and start-up capital.
09/22/21 Fitch keeps Crown under negative ratings watch The ratings agency has decided to maintain Crown Resorts under its Rating Watch Negative (RWN) as the company is still facing two Royal Commissions.
09/22/21 KN Paradise increases investment in Vietnam casino complex KN Paradise Cam Ranh has announced it has upped its investment for the development of an integrated resort due to changes in the structure and standards of construction items.
09/22/21 Macau received 409,207 arrivals in August Macau received only 409,207 visitors in August, down 48.2 per cent when compared to July, mainly due to restrictions caused by the Covid-19 pandemic.
09/21/21 Guangdong removed from Macau’s inbound quarantine list Authorities have announced that no areas in the neighbouring province of Guangdong will remain on Macau’s inbound quarantine list as of September 21.
09/21/21 R&F Properties gets US$1.03bn loan to pay off short-term debts R&F Properties, the company that’s developing the Midan City complex in South Korea, borrowed HKD8bn (US$1.03bn) from two major shareholders and company executives to pay off short-term debt.
09/21/21 Summit Ascent extends maturity date of US$120m loan to SunTrust Summit Ascent Holdings has extended the maturity date of a US$120m loan to SunTrust Resort Holdings until July 18, 2022 mainly due to the Covid-19 pandemic.
09/20/21 Suncity CEO doesn’t expect Macau gaming laws changes to drive out junkets Alvin Chau Cheok Wa, CEO of Suncity, has said he doesn’t believe changes to the current city’s gaming laws are intended to end junket operations in the city.
09/17/21 Osaka announces MGM-Orix as IR partner Osaka Prefecture has selected MGM-Orix as its partner for its IR bid.
09/17/21 Kangwon Land recovery depends on higher vaccination rates Analysts predict Kangwon Land could post consolidated sales up 256 per cent year-on-year for the third quarter as long as vaccination rates increase in South Korea.
