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Sihanoukville

Amax reaches services accord on Cambodia casino

Amax International said a wholly owned unit had reached an HK$9 million ($1.1 million) accord to provide technical and pre-opening services to a casino in Sihanoukville, Cambodia.

Foreign IR operators may wind up as minority partners: analyst

Foreign casino operators may wind up as minority partners in Japan’s first IRs and not hold the majority that some had hoped for, said David Bonnet, managing partner at Delta State Holdings.

Udenna to shift hotel/casino assets to listed unit

Privately owned Udenna Corp is planning to shift its hotel and casino assets into a listed unit as it pushes further into the tourism sector in the Philippines.  

Shambala to build new entertainment complex in Primorye

Russian casino investor Shambala has announced plans to build a 16,000 square meter entertainment complex in Primorye after winning an open auction for two...

Udenna to spend $5b on Clark development

The Udenna Group plans to invest ups to $5 billion over the next ten years on Clark Global City, which will include a casino and entertainment complex, local media reported Chairman and CEO Dennis Uy as saying.

Laguna Lang Co gets casino license, expects 2022 opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten...

Genting bids for Andorra’s first casino license

Genting, through its U.K. unit, is one of 13 bidders for the first casino license in the principality of Andorra in the Pyrenees, Spanish media reports.

Insurgent attack targets casino

An attack by insurgents in Myanmar that killed at least 19 people was targeting soldiers and militia members who allegedly ran a casino.

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Macau

Macau Q1 consensus estimates likely too high: MS

Consensus estimates for Q1 earnings at Macau’s six operators may be too high, with corporate EBITDA likely to be lower than the prior quarter due to an uneven recovery and higher expenses, Morgan Stanley says.

Casino Rio accused of pressuring staff to resign

Casino Rio, a satellite casino under Galaxy Entertainment Group, has been accused of using pressure tactics to coerce a group of employees to resign in order to avoid severance pay. 

Wynn likely to see higher margins post Covid; digital in focus

Wynn Resorts is likely to enjoy higher margins post-Covid due to its cost-cutting efforts, but the main excitement to come from its Q1 results came from a plan to spin off its digital business, analysts say.
IGT Logo

IGT Q1 revenue rises 25%, fuelled by lottery

International Game Technology said it had among the best quarterly results in its history in the three months to end March, fuelled mainly by growth in global lottery.

Kangwon Land Q1 sales decline from Q4

Kangwon Land reported a 58.7 percent drop in Q1 sales from the prior year, with the situation also deteriorating on a quarterly basis, declining 25.8 percent from Q4.