Thursday, October 29, 2020
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Construction delays

Solaire North delays opening to late 2022/2023

Bloomberry Resorts said it expects its second IR in the Philippines to now open in late 2022, or early 2023, due to construction delays following the Covid-19 pandemic.

SkyCity tackles licensing hurdles

SkyCity Entertainment is grappling with capacity issues, as licensing regulations in New Zealand make expansion of its properties difficult. 

IPI uses credits to defer tax payments

Imperial Pacific International said it was applying tax credits earned from previous years to defer paying income tax and blamed delays in land allocation, the weather and worker issues for its troubles in completing its Saipan resort.

Imperial Pacific sees 2018 loss on lower revenue, higher debt

Imperial Pacific International, which operates Saipan’s only casino, said it expects to post a loss for 2018 due to falling revenue and rising trade...

Imperial Pacific to raise $38.2m through bond placement

Imperial Pacific said it plans to raise HK$300 million ($38.2 million) through a bond placement to provide funds for general corporate purposes.

Primorye picks up development pace

The Russian gambling zone of Primorye, which has not been developing as fast as anticipated, is stepping up its efforts to attract more investors as part of an ambitious plan to almost treble visitor numbers by 2025. The company developing the zone is seeking expressions of interest to auction three plots of vacant land and has held talks with groups from Russia, Europe and China.

Royal Time Primorye project in trouble after court ruling

A local court has upheld a decision by the Corporation of the Primorsky Territory gambling zone in Russia’s Far East to terminate a contract...

Silver Heritage says talks on capital raising continue

Australia-listed Silver Heritage Group said talks are continuing with potential investors to raise funding to finalize its integrated resort project in Nepal. In a filing...

Moody’s sees high risk of default at Imperial Pacific

Ratings firm Moody’s Investor Services shaved its rating on Imperial Pacific by one notch to "Caa1" and said it still had a negative outlook...

Imperial Pacific unveils casino, but delays persist

Imperial Pacific’s highly anticipated multi-billion dollar resort on the island of Saipan is planning to hold an opening on March 31, though it's unclear if anything will actually open. While soft openings are common, with Okada Manila for example starting limited casino operations in December ahead of a full unveiling, also on Friday, in this case, construction delays and labor issues continue to plague the site.

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