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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...
Japan’s IR process lurches forward with Nagasaki selections, Osaka invite
Japan’s IR process appears to move forward in fits and starts, but there were two noteworthy events to emerge at the end of the week that advance the slow process towards the country’s first casinos. First, Nagasaki announced that it had narrowed the field in its search for a partner to three...
Yokohama IR pro and anti marshal their forces
This was a week in which those supporting and those opposing IR development in Yokohama marshaled their forces, organizing toward the decisive battle in August when the mayoral elections are scheduled to take place. The pro-IR administration of Mayor Fumiko Hayashi is using taxpayer money to...
Investors swoon over Nazara’s IPO
Shares in Indian mobile gaming firm Nazara Technologies were quickly snapped up by investors during its initial public offering (IPO) on Wednesday, which was reportedly oversubscribed within hours of opening. The company, which has invested more than $42 million in mobile gaming in just the last...
Macau operators to emerge more profitable than before: MS
The Macau casino operators are eventually seen as emerging more profitable from the Covid crisis as companies benefit from increased hotel capacity and lower costs. Morgan Stanley tells investors that the operators are likely to report EBITDA up 15 percent over 2019 by 2022. The firm noted that...
Nepal attracts hotel investors, new casino
Nepal has not lost its allure for international hotel groups, who recognize its potential as a playground for India, with at least two new arrivals announced in recent weeks. India’s Lemon Tree Hotels has reached an agreement to operate a hotel in Biratnagar, the country’s industrial capital....
More Covid setbacks for Asian jurisdictions
It’s not been a good week for anyone hoping for a faster opening of travel markets around Asia, with the Philippines, Cambodia and Hong Kong all reporting setbacks. The Philippine government has announced that it is banning the entry of foreigners from March 20 to April 19 after a surge in new...
Macau weekly GGR creeps 6% higher
Macau gross gambling revenue is creeping higher, but hopes for a near-term boost from a reopening with Hong Kong may have faded after a new cluster of Covid-19 the latter city. Macau’s average daily rate (ADR) of gambling revenue was about $34 million in the most recent week of March, up 6...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...