05/20/21 Star Gold Coast casino expansion to be finished by mid-2024 The Star Gold Coast casino in Australia will add a new tower housing 210 five-star hotel rooms.
05/20/21 Australia: cashless gambling proposal gains support Members of religious institutions and community service organisations have expressed their support for cashless gambling in New South Wales.
05/19/21 Sri Lanka: port city development needs public referendum Sri Lanka’s Supreme Court has rules that the China-backed port city project in Colombo requires approval by a public referendum.
05/19/21 Crown Resorts tried to delay AML controls, inquiry hears On the second day of public hearings in Victoria, VCGLR licensing manager Jason Cremona said a former Crown executive tried to delay the introduction of tighter money-laundering controls.
05/19/21 Macau GGR drops 53% in second week of May Casinos saw a logical decline in revenue following a spike during the Labour Day break.
05/18/21 Macau Legend unsure of quick return to positive EBITDA Melinda Chan Mei Yi, Macau Legend’s executive director, has said it remains difficult to forecast a return to positive EBITDA amid uncertainty around the Covid-19 pandemic.
05/18/21 Singapore-Hong Kong travel bubble delayed until June at earliest The long-awaited Singapore-Hong Kong travel bubble has been delayed again until further notice due to a rise in Covid-19 cases in Singapore.
05/17/21 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).
