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Melco granted rental concessions by Belle Corp for use of City of Dreams Manila land
The Philippines subsidiary of global casino operator Melco Resorts & Entertainment has reached an agreement with its local partner, Belle Corp, that will see it provided with rental concessions for City of Dreams Manila of up to Php3.73 billion (US$77 million) for 2020 and 2021. Details of the...
Japan’s leading opposition party makes casino abolishment “basic policy”
The leading opposition party in Japan, the Constitutional Democratic Party of Japan, published a list of its basic or fundamental policies this week, including a pledge to abolish casinos. The relevant article read, “We will abolish the casino business, which causes an increase in the number of...
Dore ruling could change face of VIP gaming in Macau: Vilela
The final court ruling on Wynn Macau’s liability in the Dore Entertainment case could change the landscape of VIP gaming in Macau, according to gaming expert António Lobo Vilela. Vilela’s latest entry in the Gaming Law Review examines the liability of Macau casino operators for activities...
Lifting the veil on Asia’s casino cruises [Infographic]
This week’s ‘By The Numb3rs’ examines the under-reported casino cruise industry in Asia. While land-based casinos suffered during the covid pandemic, the damage was far greater for casino cruises, which were docked for months on a global scale. According to the Cruise Line International...
SunCity offloads property arm to focus on gaming
SunCity’s Philippines subsidiary, Suntrust Home Developers is doubling down on its Philippines casino business by offloading its non-core property business. According to a filing to the Hong Kong Stock Exchange, Suntrust on Thursday disposed of its remaining 24.27 percent interest in First...
Sands CEO says infrastructure development to benefit Macau
Las Vegas Sands Chairman and CEO Rob Goldstein said the company “firmly believes” the Macau market will recover and will benefit in the future from infrastructure developments throughout the Greater Bay Area. Writing in the group’s 2020 annual report, Goldstein said the opening of the Hong...
Cambodia puts a stop to NagaCorp’s Angkor Wat project
NagaCorp’s ambitious plan to build a non-gaming resort not far from the world heritage site of Angkor Wat appears to have met a hard end, according to a report in the Phnom Penh Post. The US$350 million development project raised eyebrows from the time it was announced last November. Last month,...
Macau casino market continues its slow recuperation
The almost 40 casinos in Macau are reportedly continuing to slowly recover from the impacts of the coronavirus pandemic after last week posting a rise of 18% month-on-month in daily aggregated gross gaming revenues to about $38.37 million. According to a Monday report from GGRAsia, this is finding...
Pandemic sparks live casino innovation
The closure of physical casinos and suspension of sports tournaments in 2020 resulted in a banner year for live casino products. Experts believe that even as we return to normality, the live casino boom will be far from over. “As a direct result of Covid, we are seeing and in my opinion will...most popular
Projects
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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...