Genting Hong Kong has reached a financing accord with creditors under which it will receive EUR300 million ($362.2 million) in new funding and the renegotiation of interest and maturities on existing debt.
Genting Singapore has reported a 2 percent increase in casino sales from the final quarter of last year, indicating the pent-up demand that had been driving performance has largely stalled.
Hong Kong-listed Okura Holdings said it was closing down two of its pachinko parlours due to intense competition in the industry and the impact of Covid.
China has investigated 18,000 cases of cross-border gambling and apprehended more than 110,000 people since 2020 and says it's reversing the rising trend, according to the Ministry of Public Security.
Macau's hotel occupancy during the May Golden Week holiday reached more than 80 percent, better than tourism authorities expected.
Crown Perth, which has had a choppy few weeks in terms of openings and forced Covid closures, said it's reopening from May 8th.
Daniel Cheng, a seasoned casino veteran who was formerly leading Hard Rock International’s effort to gain a license in Hokkaido, talks to Asia Gaming Brief about Japan’s creepingly slow progress towards its first IRs.
Grand Korea Leisure said its casino sales rose 48.4 percent in April from the prior month, though are down 86.1 percent from the same month last year.
PH Resorts, which is developing the Emerald Bay resort on Cebu, has signed an accord with a junket operator aimed at tapping into Japan’s VIP market.
The average daily number of tourists to Macau during the Golden Week holiday was 37,000, which is a gain of nearly 40 percent from April's average daily arrivals, according to official figures.