Business in Asia Pacific | Latest Business news Business in Asia Pacific

Crown lied to Victorian gaming regulator, inquiry hears

Timothy Bryant, a compliance officer at the Victorian Commission for Gambling and Liquor Regulation (VCGLR), said Crown Resorts lied to him about the arrest of 19 Crown executives in China in 2016.

05/17/21

HK Jockey Club to invest in horseracing in China

The HK Jockey Club has signed an agreement with the Guangzhou Municipal Government and will invest nearly HK$4bn to develop horseracing in China.

05/17/21

Crown Resorts turns down Blackstone offer

Crown Resorts’ board has concluded that the revised bid from Blackstone is not in the best interests of shareholders.

05/15/21

Crown Resorts’ Barangaroo casino could open by October

The New South Wales regulator has said Crown Resorts is on track to open its Barangaroo casino by October. The news may scupper potential buyers’ hope for a discount, JP Morgan says.

05/15/21

Singapore-Hong Kong travel bubble delayed again

The travel bubble between Hong Kong and Singapore is likely to be delayed again due to a rise in Covid-19 cases in Singapore.

05/15/21

Galaxy recovery fueled by premium-mass play, analysts say

Galaxy Entertainment showed high levels of hotel occupancy and sales during the Labour Day break in Macau.

05/15/21

Belle Corp revenue down 3.1% in Q1

Belle Corp has reported that first quarter gaming revenue fell 3.1 per cent year-on-year to PHP431.1m (US$9m).

05/13/21

PAGCOR remits Php1.6bn to Philippines National Treasury

The regulator has remitted Php1.6bn cash dividends despite a weak performance due to the impact of the Covid-19 pandemic.

05/13/21

Crown Resorts to implement cashless gambling

Crown Resorts has agreed to introduce cashless gaming at its casinos to help tackle money laundering.

05/13/21

Success Universe invests in Bitcoin

The casino operator seeks to diversify the group’s investment portfolio with an acquisition of 23.4 units of Bitcoin.

05/13/21

Sands China occupancy reaches 90% over Labour Day break

Sands China’s president, Wilfred Wong, has revealed that the occupancy rate and tourist spending was up during the Labour Day break.

05/13/21

Another contender could enter the bidding for Crown Resorts

CC Land Holdings, a Hong Kong real-estate development, is reported to be interested in bidding for Crown Resorts.

05/12/21

Macau: Studio City to issue additional senior notes

Studio City will issue additional senior notes to boost liquidity and raise cash for capital needs over the next 12 months.

05/12/21

Public inquiry to determine Crown and Star merger suitability

The Australian Competition and Consumer Commission (ACCC) will conduct a public review to analyse whether Crown Resorts and Star are allowed to merge.

05/12/21

Crown Resorts announces Steve McCann as new CEO

Steve McCann will assume his new role as CEO of Crown Resorts on June 1.

Business

Check the latest Business news

Crown lied to Victorian gaming regulator, inquiry hears

HK Jockey Club to invest in horseracing in China

Crown Resorts turns down Blackstone offer

Crown Resorts’ Barangaroo casino could open by October

Singapore-Hong Kong travel bubble delayed again

Galaxy recovery fueled by premium-mass play, analysts say

Belle Corp revenue down 3.1% in Q1

PAGCOR remits Php1.6bn to Philippines National Treasury

Crown Resorts to implement cashless gambling

Success Universe invests in Bitcoin

Sands China occupancy reaches 90% over Labour Day break

Another contender could enter the bidding for Crown Resorts

Macau: Studio City to issue additional senior notes

Public inquiry to determine Crown and Star merger suitability

Crown Resorts announces Steve McCann as new CEO

Business

Cambodia’s Preah Sihanouk launches five-year tourism plan

Australasia

ACMA fines Dabble AU$1m over BetStop self-exclusion breaches

East Asia

Wynn Macau cuts conversion price on US$600m bonds

Elsewhere

Altenar: Powering growth in Peru’s sports betting market, Atlantic City Casino case study