05/16/22 Macau’s top court rules on junket debts Macau’s Court of Final Appeal has ruled that operators and junkets are jointly liable for client deposits in all nine cases presented.
05/13/22 Kangwon Land to return to pre-pandemic capacity The South Korean casino will be allowed to return to its pre-pandemic capacity from May 16.
05/13/22 Mohegan’s Incheon IR development progressing as planned Mohegan’s Inspire Korea IR development continues as planned and is expected to open in 2023.
05/12/22 30% of MGM China’s total procurement spending goes to local SMEs MGM China highlighted its support for local businesses at a joint SME business matching with the Macao Chamber of Commerce.
05/12/22 Macau court rejects AAEC request for extension of appeal period Asian American Entertainment Corp Ltd (AAEC) had requested an extra 30 days to appeal a Court of First Instance decision in favour of Las Vegas Sands Corp (LVS).
05/12/22 Galaxy Entertainment revenue down 20% for Q1 Galaxy Entertainment attributed the decrease in revenue to the rise in Covid-19 cases in mainland China.
05/11/22 Grand Korea Leisure casino sales up 612.3% in Q1 GKL has reported that net casino sales from its three venues rocketed 612.3 per cent when compared to last year.
05/11/22 Kangwon Land GGR down 10.1% for Q1 Kangwon Land has shared its financial results for the first quarter of the year. GGR was down 10.1 per cent sequentially but up 116.7 per cent year-on-year.
05/11/22 Suncity Group to sell two groups of wholly-owned subsidiaries The units will be bought by Great Promise Developments Ltd, a company located in the British Virgin Islands and controlled by a businessman named Zhong Jianhua.
05/11/22 Wynn Macau reports US$188.5m net loss for Q1 The company reported a fall in its net loss from US$161.2m to US$188.5m when compared to the prior-year quarter.
05/10/22 Paradise Co could benefit from return of Japanese tourists, analysts say Paradise Co could benefit from the arrival of Japanese tourists once South Korea reopens its borders.
