02/11/22 Moody’s downgrades SJM Holdings ratings Analysts at Moody’s Investors Service have downgraded SJM Holdings Ltd’s corporate family rating from Ba1 to Ba2.
02/10/22 MGM China mass-market gaming tables reached 85% of pre-pandemic levels in CNY MGM China Holdings has reported that its table drop in the mass-market segment reached 85 per cent of pre-pandemic levels during the Chinese New Year holiday period.
02/10/22 Kangwon Land posts net loss of US$9.2m for Q4 Kangwon Land has shared its financial results for the fourth quarter of the year, reporting a net loss of KRW11.0bn (US$9.2m).
02/10/22 Wakayama opens public consultation on IR plans The Wakayama Prefectural Government’s period for public remarks regarding the development of an integrated resort will run until March 10.
02/10/22 MGM China net revenue up 84% in 2021 MGM China has revealed its financial results for the year 2021, reporting a growth in net revenues of HKD9.41bn (US$1.2bn).
02/10/22 Melco reaches average occupancy rate of 70% during Chinese New Year The average occupancy rate of hotels in Macau during the holiday period was 63.8 per cent.
02/09/22 Mohegan Gaming & Entertainment resumes Incheon IR development After completing financing last November, the company has announced it has resumed work at its Incheon integrated resort, Inspire Korea.
02/09/22 Studio City to offer senior secured notes The net proceeds from the offering will be used to partially fund capital expenditures for the remaining Studio City project and for general purposes.
02/09/22 Court orders Kazuo Okada to pay US$50m in fees to law firm The 7th Circuit US Court of Appeals has ordered Okada to pay unpaid attorneys’ fees to Bartlit Beck.
02/09/22 Marina Bay Sands US$1bn renovation project to be completed in phases The upgrade of Marina Bay Sands’ hotel accommodations will be completed in phases over 2022 and 2023.
02/09/22 Melco confirms end of agreements with junket promoters Through a company filing, the casino operator has announced that it ceased all arrangements with gaming promoters at Studio City Casino in December 2021.
02/09/22 Wynn Macau: CNY saw the best gaming performance since the pandemic began Linda Chen, vice-chairman and chief operating officer of Wynn Macau Ltd has hailed gaming performance during the Chinese New Year holidays.
02/08/22 Studio City may transfer ownership of casino due to Macau legal changes Macau’s new gaming law would end the current sub-concession system that led to the creation of three additional Macau casino licences, including that of Studio City casino resort.
02/08/22 Concerns continue around Wakayama IR funding A prefectural assembly committee has warned that funding for the proposed integrated resort is “still unclear”.
