Wednesday, July 24, 2024

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Cape Verde to revoke Macau Legend gaming concession

The Government of Cape Verde will revoke the concession for the hotel-casino project in the city of Praia, following the abandonment of the Macau Legend Development group, the country's Prime Minister announced.

Borrower fails to pay loan to junket investor Rich Goldman

Junket investor Rich Goldman reports that its borrower Loke Meng Yuet has failed to repay the loan of HK$ 35 million ($4.5 million) according to the loan agreement dated 2020. In this case, the junkets say it “commences to take legal action against the Borrower to recover the Loan by enforcing the rights on the mortgaged property.”

Macau Fisherman’s Wharf’s hotels occupancy rate reaches 90%

The operator of Macau Fisherman's Wharf, Macau Legend Development, revealed that its hotel occupancy rate reached 80 to 90 percent lately following the easing of all the COVID-related travel restrictions.

Your Daily Asia Gaming eBrief: Online gamblers want social interaction, crypto wallets

Asian players have moved increasingly online over the past year, not just to place their bets, but to also share social betting experiences through streaming and messaging channels, says sports betting and technology company 1XBet.

Your Daily Asia Gaming eBrief: Xmas cheer for Macau

Macau found a way to ring out the year with a touch of Xmas cheer as hotels reached an average occupancy rate of 70 percent and the number of visitors jumped 20 percent.

Levo Chan becomes CEO of Macau Legend

Chan Weng Lin, also known as Levo Chan, has become the CEO of Macau Legend in addition to his role as co-chair of the board. He replaces Melinda Chan in the executive post.

The Star Brisbane to open on August 29th

Australian gaming operator The Star Entertainment Group has announced that it will officially open its the Star Brisbane property on August 29th of this year, as part of the ‘highly anticipated, multi-phase reveal’ of Queen’s Wharf Brisbane.

The Star Gold Coast CEO tenders resignation

The Star has announced yet another departure from its corporate leadership, with Jessica Mellor – CEO of The Star Gold Coast - tendering her resignation.

Far East Consortium to sell two Australian properties

Hong Kong developer the Far East Consortium (FEC) has enlisted CBRE and McVay Real Estate to market two Ritz Carlton hotels, in Melbourne and Perth, with a total of 462 luxury rooms.