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Jeju Dream Tower’s September casino revenue nearly doubles year-on-year
Jeju Dream Tower’s operator, Lotte Tour Development, reported a sharp increase in financial results for September, with casino revenue reaching KRW52.95 billion ($38.7 million), up 86.3 percent compared to the same month last year, according to its consolidated financial disclosure. Jeju Dream...
Thailand Senate to debate committee report opposing casino bill
Thailand’s Senate is set to debate a committee report opposing the previous administration’s casino-entertainment complex bill on Tuesday, September 23rd. The news comes in updates from the Bangkok Post, noting that the entertainment complex bill, initially advanced under former Prime...
Malaysia government to meet Meta over online gambling ad surge
Malaysia’s Communications Minister Datuk Fahmi Fadzil will meet with Meta executives on September 22nd to address the proliferation of illegal online gambling advertisements on Facebook. According to local news platform Scoop, the meeting comes as the Malaysian government escalates pressure on...
Macau casino shares fall amid 11 arrests, Chau believed detained
Macau casino shares have plunged amid the arrests of 11 people over alleged links to cross-border gambling and money laundering, with Suncity Group Holdings Chairman Alvin Chau believed to be among those detained. Suncity is Macau’s biggest junket operator, and its Founder Chau is widely believed...
Travellers Q1 revenue up on premium mass and VIP ops
Travellers International, the owner and operator of Resorts World Manila, saw its Q1 revenue decline 24 percent from the prior year, but gained 13 percent sequentially. The company posted a loss of PHP1.1 billion, roughly unchanged from the prior year, parent company Alliance Global said in a...
Twin Casino launches in Japan market
Malta-based Twin Casino has announced that it is the latest entrant to the Japanese online casino market. Kasper Bach, head of Casino at Twin, commented, “We are incredibly excited to be launching Twin to the Japanese market. We are confident that our clear-cut online casino will offer players a...
Genting Singapore in strong position for Yokohama IR: Maybank
Genting Singapore is in a strong position to win a license for an integrated resort in Yokohama, which has the potential to generate gross gambling revenue of about $7 billion a year, Maybank Research said. Such a resort would be likely to generate $2.7 billion in net profit for Genting and would...
Entertainment to be key draw for Mohegan’s Korea IR
Mohegan Sun is confident that its entertainment-centric business model will help it succeed in South Korea’s notoriously volatile foreigner-only casino market. The company won a license in 2016 to build an integrated resort in Incheon, next to the international airport and about 30 minutes from...
Casino at Jeju Dream Tower to open in May
Lotte Tour Development Co will complete the long-awaited relocation of casino operations to its recently opened integrated resort development, Jeju Dream Tower, in May after receiving final approval this week from the Jeju Provincial Government. The approval comes more than two months after Lotte...
Osaka remains stuck with a single bidder
The Osaka government announced on Tuesday that its effort to briefly reopen its RFP process to additional IR consortiums, did not result in any new takers. Osaka Mayor Ichiro Matsui commented to reporters. “MGM has expressed its intention to continue the Osaka IR, even though it is extremely...most popular
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Jeju Dream Tower’s September casino revenue nearly doubles year-on-year
The Government Office has just announced the conclusion of Deputy Prime Minister Truong Hoa Binh about the meeting with leaders of Quang Ninh province on August 31. Regarding the investment policy of the high-end resort and entertainment complex project with casino in Van Don economic zone, the...