Summit Ascent has made an agreement to loan HK$930 million (US$120 million) to Philippines-listed SunTrust Home Developers for the construction of a hotel and casino development in Entertainment City.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
On deadline day for documents in Nagasaki’s RFP process, Mohegan Resorts and Entertainment has emerged as a partner for Hong Kong-listed Oshidori Holdings in what is shaping up to be Japan’s most hotly contested IR race.
The local government has confirmed receipt on January 29 of Lotte Tour Development’s application to move its LT Casino to an expanded location within the new Jeju Dream Tower. The firm hopes that the foreigner-only casino can open in March.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
