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IPI CEO steps down after less than a year

Imperial Pacific International has announced the departure of another key executive with its Chairman and CEO Harry Cheang stepping down effective on Friday.

VIP GGR to benefit from room openings: Bernstein

Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though VIP revenue in the coming week may get a boost from new room openings, Bernstein Research says.

UBS raises 2018 mass forecast, but says UnionPay may weigh

UBS has raised its gaming estimates for the mass market for 2018 to 18 percent from 17 percent previously, though adds the sector is likely to be the most affected by the government’s confiscation of China UnionPay point-of-sale terminals.

Suncity extends deadline for Vietnam IR stake purchase

Macau junket operator Suncity Group has again extended the deadline for the purchase of a 34 percent stake in a casino project in Vietnam until July 31.

Suncity reportedly seeking legal opinion on Beijing Imperial

Suncity Group Holdings is reportedly taking legal advice after rival junket operator Amax International Holdings disputed its assertion it has taken control of the shuttered Beijing Imperial Palace Hotel in Macau.

Amax denies SunCity takeover of Beijing Imperial Palace

Amax International Holdings has denied a report in a Chinese newspaper that Macau’s leading junket operator, SunCity International, has taken control of the Beijing Imperial Palace Hotel.

Suncity forms Japan consortium, eyes local gaming in Vietnam

Suncity Group, Macau’s leading junket operator, has formed a consortium in Japan to study a potential license bid there, executive director Andrew Ho said in an interview.

Universal seeks IPO for Tiger, says Manila sales rising

Universal Entertainment said it plans to seek a stock market listing for the company that controls its Okada Manila property within the next two years as it positions for further growth.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

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Macau gaming law revision not likely until late 2021

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Local VIPs buoy Genting’s Malaysia operations

Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.

TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

IPI sees full completion in 2022, workforce permitting

Imperial Pacific International's project director Jing Zhou has outlined a construction timetable for the resort, providing it has enough workers, saying Phase 2 of the hotel tower will be finished by the end of next year, while VIP gaming and the sky level should be finished by April 2022.