Good Morning. Swing and a miss. Nagasaki has struck out after Japan’s tourism ministry rejected the IR project led by Casinos Austria due to financing concerns. Meanwhile, in the US the NBA has approved the sale of the majority stake in the Dallas Mavericks to the Adelson and Dupont families, paving the way for more Texas gambling lobbying. In Saipan, IPI has filed another lawsuit against the commonwealth’s Casino Commission, as the deadline for $62 million in alleged due tax looms. In Macau, hotel occupancy was strong in November, with high hopes for December due to the Xmas holidays. And in Malaysia, authorities aim to crack down on influencers promoting online gambling apps.
What you need to know
- Nagasaki integrated resort bid rejected by the country’s administration due to financing concerns after the Swiss Credit collapse.
On the radar
- NBA approves sale of controlling interest in Dallas Mavericks to Adelsons.
- IPI files civil suit against the Commonwealth Casino Commission.
- Uncertainty as deadline for Imperial Pacific $62 mln payment approaches.
- Macau hotel occupancy rate dips slightly in November m-o-m.
- Malaysian authorities crack down on influencers promoting online gambling.
- Key suspects in Indian Mahadev betting scandal arrested.
AGB Intelligence
JAPAN
Nagasaki IR project shot down due to financing concerns
Japan’s tourism ministry has shot down the plans for an integrated resort in Nagasaki, over financing concerns. The Casinos Austria-led project, under review by the government since April of 2022, was the only other IR projected after authorities gave approval for the MGM-Orix IR project in Osaka. The move means Osaka will likely be the only IR to operate in the country for the foreseeable future.
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