Friday, July 10, 2020

IPI seeks accord on account to continue works

Imperial Pacific International is seeking permission to form a restricted account, instead of posting a bond, that will allow it to maintain cash flow to pay employees on time, according to local media reports.

King of gambling to be laid to rest in HK on Friday

Macau’s “king of gambling,” Dr Stanley Ho, will be laid to rest at a funeral in Hong Kong on Friday after a public vigil on Thursday.

Cambodia passes casino regulation

Cambodia’s cabinet on Monday passed long-awaited draft legislation to cover its casino industry, according to reports in the Phnom Penh Post. 

Star Gold Coast to focus on local high rollers

Star Entertainment’s Gold Coast property plans to focus on luring Australia’s high rollers in the absence of overseas tourists, Group Executive of Operations Geoff Hogg told a local newspaper.

Melco backs Studio City’s $500m placement

Melco Resorts & Entertainment said one of its units will take up all of its entitlement to shares in a $500 million private placement from Studio City International Holdings and will also buy up any remaining shares that are unsubscribed.

Grant Johnson to head CoD Mediterranean

Melco Resorts & Entertainment has promoted Grant Johnson as senior vice president, property general manager, of its City of Dreams Mediterranean project and Cyprus Casinos.

Renewed Victoria lockdown hits Crown Melbourne reopening plans

Crown Melbourne, the largest casino in Australia, will not be benefitting from the wave of reopenings after Victoria Premier Daniel Andrews announced that the...

Macau ADR shows signs of improvement from June

Average daily revenue in Macau in the first few days of July is down 91 percent from the same month last year, though is up about 193 percent from June, according to research from Bernstein.

GKL June sales rise 20% from May

Grand Korea Leisure saw casino sales in June rise 20.5 percent from the prior month, boosted by revenue from table games, although they showed a drop of 68 percent from the prior year.
Resorts World Sentosa

Former Resorts World Sentosa dealer gets jail for casino chip scam

A former dealer at Resorts World Sentosa in Singapore has received a 20-month and 22 weeks jail sentence for stealing $100,000 worth of chips in June and July last year.

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