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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...
Japan’s public gambling on the rise with boat racing sales up 36% in 2020
The Japan Motor Boat Racing Association has announced increased sales and users in 2020, with its Annual Report showing sales for the year topped JPY2.09 trillion (US$19 billion), an increase of 35.7% from the previous year. The JPY500 billion (US$4.5 billion) year-on-year increase meant 2020 was...
Japan’s Casino Regulatory Commission releases draft casino regulations, launches public consultation period
Japan’s Casino Regulatory Commission released its draft casino regulations on Friday, outlining in more detail what operations of the nation’s first casinos will actually look like. Release of the draft regulations comes more than four years after the IR Development Act was first passed into...
Japan’s draft casino regulations list nine games to be permitted
Japan’s Casino Regulatory Commission has listed nine casino games that will be permitted to operate inside the nation’s casinos, with traditional Japanese games such as pachinko, pachislot and mahjong all notable exclusions. The nine games, contained within the Casino Regulatory Commission’s...most popular
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MoF reports on casino businesses’ financial losses
The first casino in Hoi An is about to open after 4 years of construction On June 28, Hoiana Phase 1 is ready to open its doors to customers to experience the first infrastructure. After 4 years of construction, the Hoiana complex project is expected to open to welcome the first guests at the...