Tuesday, March 19, 2019

Japan

Japan may amend casino bill to ban locals

Japan may amend a hotly anticipated bill to legalize casinos to ban locals from gambling, at least initially, Japanese media reported. A league of Diet...

Pachinko operator Niraku plans $100 Million Hong Kong IPO

Japan pachinko parlor operator, Niraku Corp., is reported to be preparing a $100 million initial public offering on the Hong Kong Stock Exchange in...

Japan likely to pass casino bill in Oct., locals to pay entry

Japan is likely to approve a bill legalizing casinos in October, with resorts likely to be based in major cities and locals charged a...

Dynam shareholding shift

There’s been a slight shift in the shareholding of the Dynam company as the Sato family rearranges its family interests. Kiyotaka Sato, one of...

MGM looks to Japanese banks to fund casino

MGM Resorts International (MGM) is interested in low interest rates in Japan to provide financing for a possible casino development in the country, president...

Japan’s pachinko revenue drops 10.1 percent in July

Revenue from Japan’s pachinko parlors continued its downward trend, falling 10.1 percent in July year on year, according to data released by the Ministry...

MGM plans “uniquely Japanese” $5b Osaka resort

MGM Resorts International plans to develop a “uniquely Japanese” casino resort in the city of Osaka and not one that mirrors its properties in...

Japan casino backer warns against locals ban

A key professor who helped lawmakers draft a casino bill in Japan said that the government should not consider banning locals, but needs to...

Dynam extends pachinko MOU with Macau Legend

Dynam Japan Holding has extended a memorandum of understanding on a possible venture with Macau Legend for a further six months. The companies first said...

Japanese rail company wants in on casinos

Local railway operating company Keikyu Corporation is the latest in a string of companies who have expressed interest in getting involved in the casino...

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Public ‘trust and confidence’ will determine the success of integrated resorts

Carter Group CEO Dominic Carter has warned newcomers to the Japanese market that the fate of their brand is on a knife edge even...

Rich Goldman doubles profit in 18H2

Macau junket investor Rich Goldman Holdings saw its underlying profit almost double in the second half of 2018, despite terminating two gaming promotion agreements...

Duterte fires Alexander Balutan for corruption

President Rodrigo Duterte on Friday dismissed Alexander Balutan, general manager of the Philippine Charity Sweepstakes Office (PCSO) for corruption, local media reports. The termination was...

Macau registered problem gamblers falls to record low

The number of people reporting gambling problems fell to a record low in Macau in 2018, according to the Central Registry of People with...

Sands mulls joint IR bid with Osaka firms: Tanasijevich

Las Vegas Sands Managing Director for Global Development George Tanasijevich said the operator was in talks with several companies in the Osaka region about the possibility of making a “joint bid” for the Yumeshima IR.