Friday, December 6, 2019
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Mohegan teams with Hanwha for Korea IR

Mohegan Gaming and Entertainment says it has teamed up with South Korean conglomerate Hanwha Corp to build its Project Inspire resort. 

Paradise Nov. sales rise 31.6 percent

Paradise Co., which operates foreigner-only casinos in South Korea, reported a 31.6 percent gain in November sales, driven by table games.

Nagasaki to choose its IR operator partner in autumn 2020

Nagasaki Governor Hodo Nakamura has told his prefectural assembly that his administration plans to select its IR operator in autumn 2020.

Japan IR Expo in Hokkaido cancelled

In what was nearly an inevitable move, the 1st Japan IR Expo in Hokkaido, scheduled to be held next week, has been cancelled by its organizers in the wake of Hokkaido Governor Naomichi Suzuki’s decision not to go forward with an IR bid at Tomakomai city.

Grand Korea Leisure reports strong November sales

Grand Korea Leisure, which operates three domestic foreigner-only casinos, reported an 8 percent year-on-year boost in net sales for November to almost KRW45 billion (about US$38 million).

Yokohama casino opponents launch information website

Opponents of Yokohama’s bid for an IR license have launched a website to provide public information and to coordinate actions between various anti-casino groups.

Hokkaido governor confirms withdrawal from IR race

Hokkaido Governor Naomichi Suzuki announced on Friday that his prefecture was dropping out of the race for one of the three available IR licenses, and therefore there would be no Tomakomai IR for the foreseeable future.

Casino Management Board members facing smooth confirmation process

Japanese opposition parties appear to be accepting a smooth confirmation process for the government’s five nominees to serve on the Casino Management Board, the independent agency to be established on January 7, 2020.

Hokkaido moving to end IR bid

Hokkaido Governor Naomichi Suzuki is expected to announce on Friday that his prefecture will not be going forward with an IR bid, abruptly ending what had seemed to many the strongest IR initiative within Japanese regional markets.

Hokkaido conservatives fail to unite behind IR bid

The clouds darkened over the prospects for a Hokkaido IR bid this week as the main conservative caucus in the Hokkaido Prefectural Assembly proved unable to coordinate a united stance after two days of talks.

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IPI says raids don’t affect casino ops.

Imperial Pacific International said it assisted in an investigation by enforcement officers on Saipan on Nov. 7, adding the probe does not affect its daily casino operations.

Aristocrat logs 29 percent rise in net profit in FY2019

Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

Suncity moves quickly to secure Manila IR site

Hong Kong-listed Suncity Group aims to speed up the payment of $200 million to secure the project site for its proposed five-star hotel and casino complex, Westside City Resorts World, to be developed at Entertainment City, Manila.

Peter Wolff named GLI Director of Global Technical Compliance

Peter Wolff has been named as Gaming Laboratories International’s new director of global technical compliance, in which role he is expected to concentrate on technological advances within the gaming industry in order to support regulators in jurisdictions around the world.

VIP to make up of one-third of GGR by 2022

VIP as a percentage of revenues is expected to go down to as low as 34 percent by 2022, according to estimates from Bernstein...