01/19/21 Two bidders for Wakayama IR project The prefecture has closed its RFP process with two candidates competing to be its chosen partner for its integrated resort bid.
01/19/21 Macau gaming industry achieves breakeven EBITDA According to Sanford C. Bernstein, Macau is already achieving breakeven EBITDA due to a recovery in mass and non-gaming.
01/19/21 Sega Sammy redundancy scheme surpasses expectations The company plans to spend about US$91.7m in the restructuring plan announced in November.
01/19/21 Grand Lisboa Palace to see EBITDA of US$451m by 2023 Fitch Ratings has made the forecast in a report on casino operator SJM Holdings.
01/19/21 Macau casinos grant employee bonuses Wynn Macau, Melco and MGM China will offer non-management employees the equivalent of a month’s salary.
01/19/21 Grand Korea Leisure extends Covid-19 closure As the government prolongs the current level of alert to the end of the month, the company’s Seoul and Busan casinos will remain closed.
01/18/21 Moody’s fears Melco debt could reach US$7bn The ratings agency cites “sluggish cash flow” and planned capital spending on Studio City and a Cyprus resort.
01/18/21 Caesars’s South Korean casino at risk The authorities have given the US-based gaming company two months to come up with a solid investment plan or face losing its permit.
01/18/21 Macau’s GGR reaches US$2.75bn in last quarter Mass baccarat represented over half of GGR at Macau casinos for last three months of 2020, followed by VIP baccarat and slot machines.
01/15/21 Yokohama: first IR business briefing to be held online only The first briefings will be held online due to Covid-19 countermeasures.
01/15/21 Opposition increases to Japan’s integrated resorts plans Political parties opposed to integrated resorts have held a meeting to decide campaign actions.
01/15/21 Four accused of selling fake VIP chips in Macau Four residents allegedly sold about US$189,790 in fake chips to two local businessmen.
01/15/21 Yokohama Council rejects IR referendum Citizens’ groups opposed to an integrated resort in the port city had gathered 200,000 signatures to call for a referendum on the development.
01/15/21 Macau gaming service index up 17 points A mystery shopper survey found casino workers are more proactive and smiling more but also less tolerant with customers.
01/14/21 G2E Asia to convene in August at the Venetian Macao G2E Asia, the marketplace for the Asian gaming and entertainment industry, will return to the Venetian Macao from August 17-19, 2021.
