Tag: Insights
Macau seen coming back stronger from Covid: MS
Morgan Stanley has added its take to analysts predicting a rosy future for Macau, saying the gambling hub will come back stronger than before due to lower expenses and a better operating mix.
Grand Lisboa Palace bookings open, DICJ confirms 150 new tables
Macau's Gaming Inspection and Coordination Bureau, or DICJ, has confirmed to Asia Gaming Brief that the watchdog has granted 150 new-to-market gaming tables for SJM's new flagship property the Grand Lisboa Palace.
Ho Tram eyes more intl/MICE business with rebrand
Vietnam’s first integrated resort has completed its rebranding, which was designed to bring in more international travelers and take greater advantage of the country’s booming MICE space, although the grand unveiling has been put on hold due to the Covid situation.
Manila lockdown preparations mulled due to Delta variant
Manila’s city government is preparing for a possible lockdown of the capital as the number of cases of Delta variant rises in the country.
POGO tax bill held up by lobbying from SEZs
A bill that would establish the taxation base for Philippine Offshore Gaming Operators (POGOs) is being held up in Congress due to lobbying from the country's Special Economic Zones, who are seeking to retain preferential tax treatment.
SJM’s Grand Lisboa Palace to open July 30 with 150 new tables
SJM Chairman Daisy Ho revealed on Wednesday that the Grand Lisboa Palace, the group’s flagship property on the Cotai Strip, is going to hold a partial opening on July 30th.
Melco’s Altira to shift from VIP focus to premium mass
Melco Resorts says it is shifting the focus of its Altira property in Macau from VIP to that of premium mass, as part of the company’s strategic shift towards the high-margin market.
Saipan online market seen as unviable
Saipan’s casino regulator says it wants to hear from potential online gaming investors as it seeks to recoup lost revenue from its failed casino venture, however, industry insiders say they don’t see the island as a viable market.
Melco’s Ho sees no major surprises in concession renewal
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho said he doesn't expect any surprises in Macau's concession renewal process, despite the regulatory crackdown in China that has rattled investor nerves and sent Chinese stocks crashing on Tuesday.
Quarantine, mass testing in Macau after Nanjing airport outbreak
Some 144 people have been subjected to mandatory hotel quarantine in Macau after new government mandates due to the outbreak in the Nanjing Lukou airport.
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Yokohama mayoral race becoming crowded and unpredictable
Anyone who thought that the Yokohama mayoral race would be between the pro-IR incumbent and a major anti-IR opposition challenger has watched that scenario go out the window over the past couple weeks.
Australasian Gaming Expo to go ahead as planned
With AGE just under 6 weeks away and with multiple COVID outbreaks around the country, AGE is notifying exhibitors and attendees that it is in full swing to prepare for the expo to proceed.
PAGCOR H1 gaming income down 20%
The Philippines Amusement and Gaming Corp (PAGCOR) has announced a near 20 percent drop in income from gaming operations in H1 as the Covid pandemic forced the closure of properties.
WDTS gets $35m investment from Beach Point
Walker Digital Table Systems has announced a $35 million strategic investment by Beach Point Capital Management, a multi-billion dollar investment manager with a sizable portfolio in the casino gaming industry.
Star says Sydney closure extended, Queensland eases
Australia's Star Entertainment said its casino in Sydney will remain closed until August 28th due the government's lockdown restrictions for the city and surrounding area, but operating restrictions have eased in Queensland.