Friday, May 7, 2021

Macau junket model “near broken,” Standard Chartered says

The Macau VIP/junket model that helped fuel growth in the world’s biggest gambling hub now appears to be “near broken,” with no near-term respite...

Junket operators sell Macau flats

Junket operators have begun selling their properties in Macau amidst the slump in VIP revenue, local media reports. The VIP promoters are mostly selling expensive,...

Summit Ascent reaches accord with Macau junket

Summit Ascent, the developer of a gaming property in Vladivostok that will target VIPs from northern China, has signed a deal with one of...

Macau junket operators quit under pressure from Beijing

In another sign of the impact of China’s anti-corruption drive on Macau's casino business, junket operators are quitting the business or moving to other...

Call to extend Macau casino smoking ban

The Macau Gaming Enterprises' Staff Association is urging the government to enforce a smoking ban inside all private gaming rooms in casinos. This comes...

Analysts bearish on Genting Singapore

Genting Singapore is in analysts’ and investors’ bad books after its shares slipped 11 percent in just a month following its release of sluggish...

Saipan casino commission delays

Procedural disputes are holding up the appointment of three nominees to the Commonwealth Casino Commission in Saipan. A session of the Saipan and Northern Islands...

Nagacorp eyes Buddhist land, confrontation looms

In Cambodia, the country’s casino owner NagaCorp may be heading for a confrontation with militant Buddhist monks over the company’s plans to develop a...

China crackdown boosts Manila, Las Vegas

Casinos around Asia and in the United States are benefiting from Beijing’s crackdown on corruption and extravagance by attracting Chinese high rollers with a...

Unforeseen delays for Summit Primorye

Summit Ascent Holdings says the construction of its Primorye project in the Russian Federation has been delayed “due to unforeseen obstacles” and the opening...

TRENDING ARTICLES

Macau saw 100,000 visitors during long weekend

The Ching Ming and Easter Holidays, which fell between 2 and 6th of April this year saw 99,568 visitor arrivals, with an average daily volume of 19,914 visitors.

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.
Resorts World Sentosa

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.