Tuesday, April 23, 2019

Nagacorp eyes ties with N. Asia junkets

Nagacorp said it’s eyeing the North Asian market and seeks to build new junket ties with the region to grow and diversify its revenue...

Macau junket investor in for $3 billion casino in Saipan

An investor in one of Macau's largest junket operators plans to spend $3 billion in casino resort complex in the western Pacific island of...

China Star grants $26m loan to Macau junket company

China Star Entertainment said it has agreed on a HK$200 million ($26 million) two-year loan to a Macau junket company buying itself time to...

Junkets under strain, Daiwa says

Macau’s small and mid-sized junket operators may be feeling the strain as liquidity tightens, Japanese investment bank Daiwa Securities was cited as saying. Six VIP...

Junkets diversifying, following client trends

Macau’s junket operators, which bring in the majority of China’s big spending gambling into the territory’s casinos, are increasingly diversified business groups, with their...

U.S. union calls for probe of Macau junket

A U.S. trade union is calling on Macau’s gaming regulator to probe a license granted to a junket room operator, alleging the company has...

Macau junket scandal not hurting VIP business yet

The scandal involving junket operator Kimren doesn’t appear to have had a negative impact on the junket system, based on revenue from the past...

VIP GGR may slow amid junket operator scandals, analysts say

Recent scandals affecting Macau’s junket operators are likely to lead to a further slowdown in VIP gross gambling revenue growth, analysts say. Macau’s junket...

Macau Legend enters junket accord to boost VIP gaming revenue

Macau Legend said its subsidiary Hong Hock has entered into a variable interest entity agreement allowing it to boost its share of revenue from...

China Star Entertainment loans Macau junket HK$200 mln

China Star Entertainment told the Hong Kong Stock Exchange in a regulatory filing that it has extended HK$200 million ($25.8 million) in loans to...

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Casino operator Genting Malaysia on Friday announced it has disposed of its entire equity stake in one of its casinos located in Kensington, London. The...

Genting “cautiously optimistic” about Japan IR bid

Genting Singapore has made a rare statement about its intentions in Japan in its recently issued Annual Report 2018. Executive Chairman Tan Sri Lim Kok...

SkyCity moves Darwin exec back to Adelaide

SkyCity Entertainment said it’s moving David Christian back to head the company’s Adelaide operation after the recent sale of its Darwin casino. Christian previously held...

Starlight temporarily suspends trading on HKEX

Starlight Culture Entertainment Group, previously known as Jimei International Entertainment, has suspended the trading of its shares on the Hong Kong Stock Exchange. According to...

Melco board grants Ho $9.99m in shares

Melco Resorts & Entertainment said its board had agreed to grant restricted shares amounting to about 0.09 percent of the group’s share capital to...