Thursday, July 9, 2020

Japan

Integrated resort could cost $10 billion: Adelson

An integrated resort in Japan could cost up to US$10 billion to develop, says Las Vegas Sands chief Sheldon Adelson. Adelson, who has plans for...

JGC names HOGO as official marketing partner

HOGO has been announced as the official marketing partner of the Japan Gaming Congress. Held on May 10 to 12 in Tokyo, the event is...

Ganapati signs major Japanese artist for game release

Slots developer, Ganapati, has reached an agreement to launch a new game around the hit Japanese single ‘Pen-Pineapple-Apple-Pen’. The single was released by singer-songwriter PIKOTARO,...
Yumeshima

Osaka adds to plans for Yumeshima casino project

Osaka’s political and business leaders are forging ahead with plans to develop Yumeshima into a site for an integrated resort and casino by 2024...

Konami reports 229.8 percent rise in profit

Konami Holdings Corporation saw its profits increase 229.8 percent to JPY 20.7 billion (US$183.4 million) for the nine month period ended December 31, 2016,...

Hard Rock hires ex-Sands boss for Japan division

Hard Rock International has announced the launch of a newly created division of the company, focused on integrated resort opportunities in Japan. According to a...

Japan’s casino debate goes local

The passage of Japan’s Casino Bill into law in the early morning hours of December 15, 2016, was achieved only after a bruising political struggle. The administration of Shinzo Abe had waited too long into the Extraordinary Diet Session to begin the deliberations on the bill and thus was forced to steamroll over the opposition parties in a clumsy, ad hoc fashion. However, after  

Universal Entertainment expects strong end to 2016

Okada Manila parent company, Universal Entertainment Corporation has revised its forecasted net income for the fiscal year ending March 31, 2017 to JPY 270.5...

Japan casinos not a threat to Macau: Leong

SJM Holdings executive director Angela Leong doesn’t believe the opening of casinos in Japan will have a strong effect on Macau. Cited by Chinese-language broadcaster...

Japan to introduce gambling addiction prevention laws

The Japanese government is considering submitting a bill to introduce a basic law on gambling addiction prevention, Japanese media Jiji News reports. The law would...

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Wynn Macau sees EBITDA breakeven at 45-50 percent of former GGR rate

Wynn Macau said it expects the VIP and premium segment to lead the recovery and forecasts to be able to break even on an adjusted property EBITDA basis once gross gambling revenue returns to between 45 percent and 50 percent of its prior run rate.

Social distancing to cap Genting Malaysia visitation

Social distancing measures will cap capacity at Genting Malaysia and it may take two to three years before visitation levels get back to 2019 levels, Affin Hwang Capital Research said in a note, cited by The Edge.

Caesars requires masks-on at all times at its properties

Caesars Entertainment Corp has implemented a universal mask policy across all of its properties starting Wednesday, June 24, 2020, according to a company announcement.  The...

Paradise Co. adopts emergency cost-cutting measures

Paradise Co. is shifting gears and will implement emergency cost-cutting measures, including sending more executives on furlough and closing down operations at key facilities. According...