Thursday, June 17, 2021

LVS Macau court case begins, with $12 billion at stake

A long-delayed court case between a Taiwanese business man and Las Vegas Sands kicked off in Macau on Wednesday, with the plaintiff seeking as much as $12 billion in damages from the operator.
Uncertainty for Okada Manila is “significant,”

Universal liquidity and cash flow still a risk, despite note issue: Fitch

Universal Entertainment's proposal to tap $140 - $150 million from a note issue will not improve its credit rating due to ongoing uncertainty over its liquidity and cash flow generation, Fitch Ratings said.

HK police arrest 79 in raids on gambling den, illegal pub

Hong Kong police have arrested 79 people in raids on an illegal underground gambling den and an illegal pub. 
thailand

Phuket reopening to act as model for other Asian islands

Banyan Tree Holdings Executive Chairman Ho Kwon Ping says plans to open Thailand's Phuket island to international travel from July may act as a model for other countries to follow.

Singapore FM sees no quick recovery for Asia air travel

Singapore's Finance Minister said he sees no prospect of air travel returning between Asian nations any time soon due to recurring waves of Covid infections.
Royal Ha Long casino

Royal International Corp aims to double revenue in 2021

Royal International Corporation, owner of the largest casino in Quang Ninh has reportedly earmarked a profit of $500,000 this year, despite having recorded two years of losses previously. 

NagaCorp completes additional notes issue 

Cambodian casino operator NagaCorp says it has completed its $200 million additional notes issue on June 15, 2021. 

IPI requests court to review license suspension

Saipan casino operator Imperial Pacific International says it has filed an administrative request for the Superior Court in Saipan to conduct a judicial review of the order made by the Commonwealth Casino Commission to suspend the casino’s license. 

Macau/HK travel bubble seen later in the summer: Bernstein

A travel bubble between Hong Kong and Macau may be established later this summer as the Covid situation in the former city is improving rapidly, according to Bernstein Research.

Macau tax take to May reaches 31.3% of budget

Macau's Financial Services Bureau said the revenue collected from gaming amounted to MOP15.63 billion (MOP1.95 billion) in the five months to May, accounting for 31.3 percent of the annual budget forecast.

TRENDING ARTICLES

Key takeaways from the SG Asia Summit

Last week, gaming supplier Scientific Games Corporation held its inaugural customer-only SG Asia Summit & Virtual Experience, with its top decision-makers in Asia sharing their views for the year ahead. 

LVS Macau court case begins, with $12 billion at stake

A long-delayed court case between a Taiwanese business man and Las Vegas Sands kicked off in Macau on Wednesday, with the plaintiff seeking as much as $12 billion in damages from the operator.

Solid Gaming to distribute Playgon live dealer games in Asia

Content aggregator Solid Gaming has signed a deal to distribute Playgon’s proprietary Live Dealer games and E-table games to their customers on the Asian markets. Solid Gaming’s strategy is to provide a game for every one which is why they work with the best game providers to distribute unique and exclusive content to their partners. 
Uncertainty for Okada Manila is “significant,”

Universal liquidity and cash flow still a risk, despite note issue: Fitch

Universal Entertainment's proposal to tap $140 - $150 million from a note issue will not improve its credit rating due to ongoing uncertainty over its liquidity and cash flow generation, Fitch Ratings said.