Your Daily Asia Gaming eBrief: NuStar, Cebu’s first IR, on track to open in March 2022

NUSTAR-Resort-Casino

Good morning. NuStar Resort & Casino will be the first integrated resort on the Philippine island of Cebu, when it opens in March next year, marking a milestone in tourism and gambling development. In this week’s Face-to-Face interview NuStar vice president of table games, Trevor Hammond, and Katrina Mae de Jesus, head of business development at parent company Universal Hotels & Resorts, share with AGB’s managing editor, Sharon Singleton, the outline vision for the project, which they say is already attracting junket interest.


What you need to know

  • Macau’s concession retendering process has given a chance for Beijing to “reset the table” in respect to the makeup of Chinese vs American casino companies.
  • Macau tourism authorities say they expect to welcome about 35,000 visitors a day during the key Golden Week holiday in October.
  • Crown Resorts director Antonia Korsanos has announced she is stepping down, becoming the 10th board member to quit this year.
  • Summit Ascent said the firm’s operating expenses are currently being sustained by local mass and slots business, and growth in premium mass will depend heavily on border policies.

On the radar

  • Primorye casinos have been able to enjoy three months of zero-taxes.
  • Australia’s NSW Responsible Gambling Office and U.K. winners in inaugural IAGR awards.
  • Wynn Macau arranges $1.5b revolving credit facility for general purposes.
  • HKSE gives green light to Imperial Pacific share consolidation plan.

What the papers say

  • India online poker firms relaunch in Tamil Nadu after ruling overturns ban.
  • Laos authorises mining and trading of cryptocurrencies.

AGB Intelligence


FACE TO FACE

Your Daily Asia Gaming eBrief: NuStar, Cebu's first IR, on track to open in March 2022

NuStar, Cebu’s first IR, on track to open in March 2022

NuStar Resort & Casino will be the first integrated resort on the Philippine island of Cebu, when it opens in March next year, marking a milestone in tourism and gambling development. NuStar vice president of table games, Trevor Hammond, and Katrina Mae de Jesus, head of business development at parent company Universal Hotels & Resorts, outline the vision for the project, which they say is already attracting junket interest.

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Asia Gaming Briefings, September 2021

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