Wednesday, July 24, 2024

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Laos to grant visa-free entry for Chinese tourists starting in July

Laos is set to implement a visa-free policy for Chinese visitors to boost tourism, starting next Monday in July.

Macau Legend completes sale of Savan Legend Resorts in Laos

Macau Legend has completed the sale of its Savan Legend Resorts in Savannakhet, Laos, to Japanese buyer Shundo Yoshinari.

Macau Legend pushes back timing for Laos casino sale

Macau’s Fisherman Wharf operator, Macau Legend Development Ltd, has announced another extension of the timeline for finalizing arrangements related to the planned sale of a casino resort business in Laos. The new deadline is now set for May 3rd.

Deadline for sale of Macau Legend Laos casino extended to April 15th

The deadline for the completion of Macau Legend's sale of its Savan Legend hotel and casino property has been extended until April 15.

Group behind Savan Vegas in Laos loses $175 mln litigation initiated by Macau investor

Macau-based company Sanum Investments Ltd has won a litigation case in a commercial dispute against the Laos-based gambling group responsible for the development of the Savan Vegas Hotel and Entertainment Complex, located in Savannakhet Province in Laos.

Macau Legend gets $6 million less than expected for sale of Laos casino operation to Japanese businessman

Macau Legend has announced that it will be receiving some $6 million less than initially expected for the sale of its 100 percent interest in its Laos casino operation: Savan Legend.

Your Daily Asia Gaming eBrief: Philippines, Cambodia, Laos, and Myanmar generate $425 billion in illegal betting turnover

Chinese play has always been the lifeblood of Asian gaming, but a recent report by the Asian Racing Federation has highlighted exactly how extensive the tentacles reach. Throughout Southeast Asia, the Philippines, Cambodia, Myanmar and Laos have leveraged nearly half of worldwide illegal betting turnover, despite authorities' attempts.

Macau Legend records 1H23 loss of $23.2 million, still pushing to divest Laos operation

Satellite casino operator Macau Legend has recorded a loss of some HK$182.5 million ($23.26 million) for the first half-year, according to results filed with the Hong Kong Stock Exchange. The group saw overall revenues fall by some 22.7 percent yearly, hitting just HK$420.4 million ($53.58 million) during the six-month period.

Macau Legend to sell Laos casino Savan Vegas for $45 million

The operator of Macau Fisherman’s Wharf, Macau Legend, has announced its intention to sell its entire interest in its Laos gaming operation – Savan Legend Resorts Hotel and Entertainment Complex - for some $45 million.
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Vietnam, Cambodia and Laos: risk and opportunity

With many eyes focused on key hotspots such as Macau, Manila and Singapore, not enough attention is given to the growth within Indochina. A panel of experts point out the regulations and opportunities within growth markets such as Cambodia and Vietnam and what changes are happening within junket operations and border casinos as regional opportunities changes.