Saturday, April 20, 2024

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Steelman Partners sees post-pandemic boom, but Asia lagging

Steelman Partners says it’s seeing a boom in demand for architecture services in the gaming industry post-pandemic, although Asia is lagging in terms of recovery.

Vietnam president meets with execs from Weidner, Steelman in NY

Vietnam president Nguyen Xuan Phuc reportedly held a number of meetings with executives from major U.S. firms this week, including Weidner Asset Management Steelman Partners in a bid to increase investments in Vietnam.

Your Daily Asia Gaming eBrief: Telangana rethink

India’s Telangana state government banned all gambling five years ago, whether skill-based or not, in response to incidences of economic harm and gambling addiction.

Your Daily Asia Gaming eBrief: NagaWorld ramps quietly, expansion projects still on the cards

NagaWorld, Nagacorp’s integrated resort in Phnom Penh finally reopened its doors after more than a six-month shutdown in mid-September 2021.

PH Resorts posts widened net loss in 1H21, despite lower expenses

PH Resorts, the developer of Emerald Bay resort in Cebu, reported a widened net loss of P175.5 million in 1H21, due mainly to ongoing construction activities at Emerald Bay.

Cebu short-term IR success hinges on locals

Cebu, with its white sand beaches and coral reefs, was one of the most visited tourism destinations in the Philippines in 2019 and has sparked the interest of integrated resort investors as a potential gaming hub.

Nagacorp faces labor challenge, expansion setback

Nagacorp, Cambodia’s largest casino operator, has faced a rocky quarter, with another shutdown, labour issues and a blow to its expansion plans. The group came under fire from labour unions over plans to cut jobs despite reporting a robust recovery after the first phase of the pandemic.

PH Resorts hopeful of tourism resumption with vaccines

PH Resorts said it believes that in the coming months there will be a resumption of both international and local flights as vaccines are rolled out, which will spur a recovery of tourism in the Philippines and around the region.

Cebu short-term success seen linked to locals 

Cebu, with its white sand beaches and coral reefs, was one of the most visited tourism destinations in the Philippines in 2019 and has sparked the interest of integrated resort investors as a potential gaming hub.

Danang Finance Center part of $8 billion investment by IPPG

A few more details have become available regarding the international finance center to be built in Danang - Vietnam, which is set to feature a trading center, casino, and high-end entertainment and luxury apartments.