Studio City gets extension to complete Phase 2
Melco Resorts has been given an extension on its deadline to complete its phase 2 expansion of Studio City in Macau. The latest extension takes the deadline to December 27, 2022, around 7 months of extra time.
Suntrust board appoints Westside Resorts World directors Andrew Lo, David Chua
Suntrust Home Developers Inc, the company behind the Westside Resorts World project in Manila has appointed two high-profile executives to its board of directors.
Pachinko industry needs new business model
Even before the Covid pandemic it was apparent that the pachinko industry, at least in its current form, possessed a dying business model. Recent events have only accelerated the trends.
Macau mass market to see strong growth, but future supply a concern
Macau's mass gaming market is likely to grow in the high single digits from 2022 once the pandemic eases, but growth going forward will depend on the ability to bring new attractions and products online, industry experts on a gaming panel said.
Macau regulator term extended for two years
Adriano Ho's tenure as head of the Gaming Inspection and Coordination Bureau (DICJ), Macau's casino regulator, has been extended for another two years.
SJM plans HKD and MOP-denominated note issue
SJM Holdings said it plans to raise funds through an issue of Hong Kong-dollar and Macau-pataca-denominated notes to refinance existing debt.
Philippines Q1 GGR down 28 percent year-on-year, gains sequentially
The Philippines generated PHP30.02 billion ($624.9 million) in gross gambling revenue in Q1, down 28 percent from the same period last year, but higher than the PHP25.79 billion recorded in the final quarter of the year.
IPI lays off more than 100 casino workers
Imperial Pacific International has laid off more than 100 of its casino workers at its property on Saipan.
Domingo highlights live shots and e-sabong in Philippines 2021 recovery plan
Philippine Amusement and Gaming Corporation chairwoman Andrea Domingo is placing her hopes on new online gaming initiatives in the country to boost industry revenue this year.
Macau eases quarantine requirements for non-residents
Macau’s health authorities on Tuesday announced an easing of quarantine requirements for foreign non-residents that are already living in Macau, allowing them to travel to Mainland China and back without having to complete quarantine.
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Battling sign-up abandonment
Online gambling operators on average lose around 30 percent of their potential customers during the initial sign-up process as a result of inefficient KYC processes, according to customer journey experts.
Genting HK agrees financing package with creditors
Genting Hong Kong has reached a financing accord with creditors under which it will receive EUR300 million ($362.2 million) in new funding and the renegotiation of interest and maturities on existing debt.
Genting Spore Q1 casino revenue ticks higher, other metrics deteriorate
Genting Singapore has reported a 2 percent increase in casino sales from the final quarter of last year, indicating the pent-up demand that had been driving performance has largely stalled.
Okura Holdings to close two underperforming pachinko halls
Hong Kong-listed Okura Holdings said it was closing down two of its pachinko parlours due to intense competition in the industry and the impact of Covid.