Saturday, January 25, 2020

Megaworld, Travellers to build Westside City near Manila Bay

Megaworld, a Philippines-based developer of integrated urban townships, and Resorts World Manila-operator Travellers International are allocating P65-billion ($1.4 billion) to develop a 31-hectare leisure...

Moody’s revises Studio City Finance’s ratings outlook to ‘negative’

Moody's Investors Services has revised to ‘negative’ from ‘stable’ the outlook of Studio City Finance Limited's B2 corporate family rating and B3 senior unsecured...

MGS confirms explosive new zone for this year’s show

The Macao Gaming Show has been expanding its horizons in search of more and varied initiatives to capture the imagination of the forward thinking...

Moody’s says Crown’s Nobu deal is credit negative

Moody's Investors Service said that Crown Resorts Limited's announcement that it has acquired a 20 percent interest in the international restaurant and hotel company,...

Macau junket association backs tighter regulations

The Macao Junket Promoters and Cooperators Association says it backs the government's intention to tighten junket regulation after the Dore incident but also called...

Residents on Taiwan’s Penghu ready for casino referendum

Taiwan’s outlying island of Penghu may hold another referendum on whether to allow casinos, local media reports. The local government's Referendum Screening Committee passed a...

IRs not a one size fits all model for Asia

Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?

Gotham City meets Great Gatsby

AGB had the privilege of attending the official launch of Studio City in Macau this week. At the press conference on Monday 26 October,...

Macau’s top gaming regulator to step down by end-Nov.

Macau’s top gaming regulator Manuel Joaquim das Neves told local radio he will step down by the end of November to spend more time...

Japan Casino Bill held up by gambling addiction concerns

In a quiet neighborhood in Yokohama, Japan, about twenty senior citizens gather each day in a facility called Day Service Las Vegas. For hours on end they play at card games, mahjong, slot machines, and pachinko. At first glance this may look like an illicit casino patronized exclusively by the elderly, but on closer inspection the 10,000 yen bills that change hands are not Japanese currency at all, but rather the equivalent of Monopoly money. Although this may seem like innocent fun, in Japan even this pastime is viewed as controversial amid concern over problem gambling. 

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A celebration of translations

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500 suspends lottery operations in Sweden

Chinese lottery service provider 500 dot com, says it has temporarily suspended its operations in Sweden, as it failed to renew its license before...

Philippines to restrict Chinese visa-upon-arrival

The Philippines has decided not to scrap visas-upon-arrivals (VUAs) for Chinese tourists, instead opting for a 30-day VUA without provision for an extension, local...