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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.

Ho Tram breaks ground on condotel project

The Ho Tram Project Company said it has begun construction work on the next phase of the $4.2 billion Grand Ho Tram IR project...

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.

Brisbane IR to begin selling apartments in 2019

The $3 billion development on the Queen’s Wharf in Brisbane will begin selling apartments related to the project in the 2019 financial year, local...

Riskwise says political risk deterred Mactan investors

Riskwise Global Capital said the perceived political risk in the Philippines had deterred potential investors in a $1.4 billion project to build an integrated...

Primorye sees $1.7 billion in total investment

Primorye Territory Development Corporation CEO Andrey Folomeev has reported total investment in the Primorye special gaming zone amounts to RUB113 billion (US$1.7 billion). Folomeev’s comments...

Hype driving short-term rally, warns analysts

Analysts have warned against over-enthusiasm for Macau casinos, after short-term rallies were observed in the sector. Morgan Stanley’s Praveen Choudhary said the short-term rallies seen...

Offshore casinos too entrenched: Laxmikant Parsekar

Goa’s Chief Minister Laxmikant Parsekar has not been able to put an end to the casino business, despite protests from the public and other...

Silver Heritage seeks $20.5 million via IPO

Hong Kong-based casino manager and owner Silver Heritage is seeking to raise A$27.5 million (US$20.5 million) via an initial public offering (IPO), reports the...

Shifting offshore casinos will hurt investor confidence: BJP

Goa’s Ruling BJP said if offshore casinos were to be shifted arbitrarily from the River Mandovi, it would hurt investor confidence in the state,...

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Bloomberry seen breaking even at EBITDA level in Q4

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Bloomberry Resorts is expected to break even on an EBITDA level by Q4 due to cost cuts and support from the local market, according to analyst Michael Ting, who publishes on Smartkarma.

Covid survey bodes ill for Golden Week

A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday. 
Andhra Pradesh considers legalization of offshore casinos

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The state government of Andhra Pradesh, which last month moved to ban all online gambling, is now said to be considering the legalization of...
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With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt...
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