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Dream11 valuation to double to US$4 billion
Dream Sports, owner of online fantasy sports brand Dream11 is in talk with investors for a fresh round of funding that will bring the valuation of the company to around $4 billion. The capital injection, which is expected to be in the range of US$300 million, is said to be coming from Abu Dhabi’s...
Macau Legend still in the hunt for own gaming license
Melinda Chan, Macau Legend executive director and president of the Macau Fisherman’s Wharf International Investment Limited, told the local media that her company is still focused on obtaining a gaming license of its own in a future public gaming tender. Currently, Macau Legend operates three...
Thai casino talk not seen as gaining traction
News last month that Thailand may consider legalizing gambling has been met with scepticism by those who know the market well, with most saying casinos are not likely to open in at least the next decade. Prime Minister General Prayut Chan-o-cha raised the prospect of liberalizing what could...
UNESCO concerned about NagaCorp’s Angkor Wat plans
NagaCorp’s US$350 million Angkor Lake of Wonder project has drawn eyes narrowed in suspicion from the United Nations’ cultural agency UNESCO. UNESCO issued a statement yesterday noting, “The proximity of the project to the protected buffer zones of the [Angkor Wat] site as well as the scale,...
Nagasaki seen as best-managed IR bid contender
The Nagasaki Prefectural Government continues to distinguish itself as having the best managed bid in Japan’s IR development race, giving them a strong chance to become a licensed municipality. Surely at the top of the list of their accomplishments is political. Not only does the local political...
500 .com surges on bitcoin transformation
China sports lottery company 500 .com has continued its transformation into the bitcoin space with the all-stock acquisition of bitcoin mining company BTC.com and investors appear to approve. Stock in the New York Stock Exchange-listed company jumped as much as 75 percent on Tuesday after...
Kangwon Land opens; GKL remains closed
The two big state-run gambling firms, Kangwon Land and Grand Korea Leisure, have just taken divergent paths on the Covid-19 crisis. Kangwon Land reopened its doors at the beginning of this week with a capacity limit on the casino floor of 1,200 people. It’s latest closure had lasted two months...
Universal eyes U.S. market debut for Philippine IR assets
Universal Entertainment is planning to test U.S. investor appetite for the Philippines by listing the holding company for its integrated resort business in Manila. The Japan-listed company said it has taken on multiple advisors in both the U.S. and Japan to help prepare for a listing on either the...
MGM says US regional operations leading firm’s recovery
MGM Resorts announced its fourth quarter and full year financial results this morning, commenting that it was the firm’s operations in various regional markets in the United States that were recovering most quickly from the pandemic era. Las Vegas continues to be one of the most difficult spots...
Japan’s quiet explosion of online gambling
Largely ignored by the media and the policymakers, Japan has clearly entered an era of explosive growth for online and mobile gambling. Like an iceberg that is only partially visible above the waterline, the only people who seem to be paying close attention are the businesses directly participating...most popular
Largely ignored by the media and the policymakers, Japan has clearly entered an era of explosive growth for online and mobile gambling. Like an iceberg that is only partially visible above the waterline, the only people who seem to be paying close attention are the businesses directly participating...
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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...