Good Morning. In August, the election of anti-IR mayor Takeharu Yamanaka spelled the end of Yokohama’s IR ambitions, and that too of Genting Singapore, who on Tuesday announced the liquidation of its wholly-owned subsidiaries in Japan.
What you need to know
- Genting Singapore on Tuesday has dissolved all of its wholly-owned subsidiaries in Japan.
The year ahead
No changes for Macau: The much-anticipated revealing of new Macau concessionaires will not bring a change in operators, argues Alidad Tash.
On the radar
- The Macau government has reported another positive Covid-19 case arriving via air from the U.S., though the variant has not yet been identified.
- Andrew Klebanow says he expects the opening of the Pan-Asian Rail Network, connecting Kunming in China to Vientiane in Laos will lead to a massive boost for hotels and casinos around the Laos capital.
What the papers say
- NSW Covid cases reach record 11,201, reintroduces select health measures though lockdowns ruled out.
The number of closures of VIP junket rooms in Macau is going to be large. It is believed that this will have a significant impact on the casino floor’s product mix. From a positive view, the floor may open up to more EGEs.
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