03/04/21 Japan: foreign interest in IRs shows expectations of profitability Minister Kazuyoshi Akaba says foreign companies’ bids show expectations that IRs will be profitable.
03/03/21 Five groups reach next phase of Nagasaki IR process An official in Nagasaki has confirmed that all five contenders have qualified to progress to the next phase of the process.
03/02/21 Macau GGR declines 8.9% in February Revenues declined to MOP$7.31bn (US$914.5m), compared to MOP8.02bn (US$1.0bn) in January.
03/02/21 Raffles brand to arrive at Galaxy Macau Today’s agreement between Accor and Galaxy Entertainment will see the construction of “Raffles at Galaxy Macau”.
03/02/21 Another Crown Resorts director resigns John Poynton has stepped down from Crown Resorts’ board and as chairman of the company’s Burswood casino in Perth.
02/27/21 Genting Malaysia revenue down 57.3% in 2020 The company saw a decline in EBITDA because of restrictions to contain the Covid-19 pandemic.
02/27/21 Melco still hoping for an IR licence in Japan Lawrence Ho, Melco Resorts Chairman and CEO, has said he sees Japan as “the best potential new gaming market globally.”
02/26/21 Hokkaido IR development excluded from 2021 budget The prefectural government has submitted its annual budget and has not earmarked any funds for an IR development.
02/25/21 IEC reports US$11.7m loss for H2 2020 The company was impacted by a loss of revenue across its Philippines hotel and gaming segments.
02/25/21 Galaxy Entertainment returns to positive EBITDA The Macau casino operator saw a notable improvement in operating revenue for the fourth quarter of 2020.
02/25/21 Macau Legend still hopes for gaming licence of its own Macau Legend’s current access to gaming rights is under services agreements with Macau casino licensee SJM Holdings.
02/25/21 Summit loans SunTrust US$120m for new Manila casino The Manila hotel and casino development is scheduled for completion in late 2022.
02/25/21 Grand Lisboa Palace opening moved back again SJM Holdings hopes to open Grand Lisboa Palace in May or June but the exact date remains subject to market conditions.
02/24/21 Premium player activity banned at Crown Perth The GWC has prohibited Crown Perth from conducting any junket, premium or privileged player activity.
