Sunday, May 27, 2018

Silver Heritage board takes pay cut amidst liquidity issues

Silver Heritage Group said its board has agreed to halve its cash remuneration and take other initiatives to cut costs to help address expected tight liquidity in the second half as its new IR in Nepal ramps up.

Ruling party finally makes IR bill push

The ruling Liberal Democratic Party has finally put passage of the IR Implementation Bill near the very top of its legislative agenda, as evident in comments made Saturday by Hiroshi Moriyama, the ruling party’s Diet affairs policy chairman.

Japan IR revenues unlikely to reach Macau levels: Ho

Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a $10 billion plus resort” in either the Kansai or Kanto regions of the country.

Philippine prosecutors clear Kazuo Okada

Philippine prosecutors in Paranaque and Makati cities have dropped all charges filed against Japanese gaming billionaire Kazuo Okada.

Govt issues warning to telecom companies about online gambling

Myanmar’s Ministry of Transport and Communication has issued a warning to all private telecommunication companies to “stay out” of...

Strong domestic performance drives GENM 18Q1 results

Genting Malaysia Berhad, operator of Resorts World Genting (RWG) in Malaysia reported a 16 percent improvement in net profit...

Laguna Lang Co gets casino license, expects 2022 opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s...

Ho open to partnering with Packer again

During an interview with CNBC’s Christine Tan, Melco Resorts chairman and CEO Lawrence Ho said he “wouldn’t hesitate” to...

Views Hainan promotion to impact Hengqin “ill-informed”

In my view as a Hengqin-centric investor and investment consultant, April’s announcement of tourism development plans for Hainan Island...

After successful fundraising, crypto gambling projects look to the future

The blockchain-based gambling projects which successfully fundraised tens of millions of dollars via initial coin offerings (ICOs) last year...

Gambling addiction bill set to pass House of Representatives

Diet debate on the Basic Bill on Gambling Addiction Countermeasures began on Wednesday in the lower house’s Cabinet Committee, and the legislation is expected to be passed by a plenary session of House of Representatives by the end of business on Friday, May 25.

SBM adds high-class “software” to Galaxy IR bid

Jean-Louis Masurel, managing director of Société des Bains de Mer (SBM), the owner-operator of the Monte Carlo Casino and other major properties within the Principality of Monaco, minces no words in explaining why his storied European firm chose the Galaxy Entertainment Group as its Asian partner—because they are “the best.”

IEC to buy Wigan football club

Hong Kong-listed gaming and entertainment firm, International Entertainment Corp., said it has finalized an accord to buy the U.K.’s Wigan Athletic Football Club, for GBP22.4 million ($29.9 million), including outstanding loans.

Three SEZs too many for Vietnam, conference told

Vietnam should not try to build three special economic zones (SEZs) at once, but should hold a test run of one first, a leading lawyer and delegate to a National Assembly conference said.

Australasian Gaming Expo (AGE) 2018

Established in 1990, the Australasian Gaming Expo is the world's third-largest casino gaming equipment trade show. Based at the International Convention Centre in Darling Harbor,...

India Gaming Conclave 2018

World Gaming Executive Summit

G2E Las Vegas

MGS Entertainment Show 2018