12/20/21 Fitch downgrades Guangzhou R&F Properties Fitch has downgraded Guangzhou R&F Properties’ rating as the company is near default after exchanging a distressed debt.
12/20/21 Macau says junkets will still be allowed Lei Wai Nong has said that Macau’s legal framework allows for the relationship between gaming operators and junkets as long as everything is done according to the law.
12/17/21 Kangwon Land to reduce hours due to Covid-19 countermeasures Amid a new rise in Covid-19 cases due to the Omicron variant, Kangwon Land will reduce its operating hours from December 18 to January 2.
12/17/21 Alvin Chau Cheok Wa may lose Suncity Group due to unpaid debts Alvin Chau Cheok Wa could lose his controlling stake in Suncity Group after his company failed to pay over HK$313.6m (US$40.2m) to a group of lenders.
12/16/21 Macau publishes plan for economic diversification Macau has released its Second Five-Year Plan for Economic and Social Development for the 2021-2025 period.
12/16/21 Macau handled only 52 gambling disorder cases this year Macau’s Social Welfare Bureau has confirmed the city’s lowest problem gambling rate in a decade with only 52 gambling disorder cases this year.
12/16/21 SJM Holdings CEO confident about Macau casino licence renewal Ambrose So Shu Fai has said SJM Holdings is optimistic that its gaming concession will be renewed.
12/16/21 Legislators ask government to assist VIP room employees Three legislators have asked authorities to protect the labour rights of Macau residents who have been affected by the closure of VIP rooms.
12/15/21 Suncity to sell business jet to boost liquidity Suncity Group Holdings has announced it will sell a business jet that the company acquired fewer than two years ago.
12/15/21 Macau 11-month gaming tax revenue reaches US$3.89bn Macau’s tax revenue from the gaming industry was up 15.1 per cent year-on-year for January to November.
12/15/21 Hann Casino Resort in the Philippines opens its doors Hann Philippines has finally launched Phase I of its new hotel and casino complex at the Clark Freeport Zone.
12/15/21 Macau casino stocks fall on concerns over increasing regulatory risk Macau casino stock prices declined after Fitch downgraded the ratings of Las Vegas Sands Corp, SJM Holdings and MGM Resorts International due to a possible increase in the oversight of gaming concessionaires.
12/15/21 Genting Hong Kong to resume operations in Taiwan Authorities in Taiwan have confirmed that Genting Hong Kong has been allowed to resume operations while following Covid-19 countermeasures.
12/14/21 Wakayama urged to give more detail on IR plans Yoshinobu Nisaka, a member of the Japanese Liberal Democratic Party, has urged the Wakayama Prefectural Government not to hold public hearings until giving more details about the winning consortium.
