Wednesday, May 22, 2024

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Suntrust Resort Holdings confirms no delay in Manila hotel and casino project

The controlling shareholder of Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings, has confirmed that there is no delay with its Manila hotel and casino project, scheduled to open in 2024.

Suncity Group to resume trading Thurs. ahead of ruling on mandatory offer

Suncity Group Holding said it has requested its stock resume trading on the Hong Kong Stock Exchange on Thursday pending a decision on whether it needs to make an offer for all outstanding stock not owned by executive director Andrew Lo and other directors.

Portugal Icons and GBA Flying Dragon put on a show as fans treated to dazzling football spectacle presented by SJM

Football passion reached fever pitch in Macao as over 4,000 roaring spectators saw a glamorous Portugal Icons side beat the GBA Flying Dragon 11 - 4 in the late afternoon on 19 May in the “In Celebration of the 25th Anniversary of the Establishment of the Macao SAR: SJM Five-a-side Football Friendly: Portugal Icons vs. GBA Flying Dragon,” a marquee match presented by SJM Resorts, S.A. in collaboration with the Sports Bureau of the Macao SAR Government, supported by Macao Government Tourism Office and technically supported by the Macao Football Association.

Suntrust Resort swings to loss in 1Q24 as revenue and income plummet

The controlling shareholder of the Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced that its subsidiary recorded a $4.5 million loss in the first quarter of the year.

LET Group appoints three new directors for auditing purposes

LET Group Holdings Limited announced the appointment of three new independent non-executive directors with auditing and accounting experience, as its Hong Kong trading suspension has been lifted.

Closing date of $235M funding for Westside City project extended by one year

The closing date for a deal to secure funding of up to $235.2 million for a casino hotel project at Westside City in Manila has been postponed by 12 months, now scheduled for April 30th, 2025.

Daily Asia Gaming eBrief: Crown has strategic advantage after regulatory successes

All is sunny down under, well at least for a certain operator. Crown Resorts appears to have come out on top amongst the sharp crackdown on land-based casinos in the nation. Its success in its remediation efforts now place it at an advantage to the competition, who continue to struggle with authorities, notes an expert.

Macau-Hengqin multi-entry package tour visa to start on May 6th

A new multi-entry visa for Chinese nationals on package tours is set to be implemented for travel between Macau and neighboring Hengqin on May 6th, allowing more fluid tourism passage between the regions.

Northbound spending fever in HK has “few” impacts on Macau GGR: experts

Hong Kong may continue to serve as one of Macau’s leading source markets, despite undergoing continuous reshaping of its consumer market, with minimal impacts on GGR.

Daily Asia Gaming eBrief: Sands China with lower mass market share

Brokerage Morgan Stanley is revising down its estimates for Sands China, now predicting that the company will garner EBITDA of some $2.4 billion for 2024, down 8 percent compared to previous estimates.