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.
09/17/21 Expectations rise for October Golden Week Macau now hopes October’s Golden Week will attract around 35,000 visitors a day.
09/16/21 Toni Korsanos resigns as Crown Resorts director Toni Korsanos is the latest director to step down from Crown Resorts’ board. She will depart after the annual general meeting on October 21.
09/16/21 James Patrick Bondoc appointed to PAGCOR board PAGCOR has announced that James Patrick Bondoc will join its board of directors to replace the late Director Reynaldo E. Concordia.
09/16/21 Macau announces return of “Stay, Dine and See” initiative The Macao Government Tourism Office (MGTO) has announced that the “Stay, Dine and See Macau” will resume from September 18.
09/16/21 Wakayama and Clairvest to present IR development plan by November The Wakayama Prefectural Government and its partner Clairvest Neem Ventures’ consortium have announced a timetable for a draft IR development plan.
