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Imperial Pacific International (IPI) and the Commonwealth Casino Commission have said they are closing in on a settlement that may allow the casino to reopen, even as the regulator has given the green light for a sale of the company’s gaming assets.
Genting Malaysia, which struggled to return to profit in 1Q22, is facing a brighter future as Covid restrictions ease and Resorts World Genting ramps up operations, Hong Leong Investment Bank says.
Macau began another round of mass testing on Monday as the number of Covid cases continued to rise, topping 900.
Crown Resorts is facing a second regulatory probe in Victoria over its problem gambling practices and may face a fine of as much as $100 million ($69 million).
Aquis Entertainment said it had requested a suspension from trading on the Australian Stock Exchange after a second bidder emerged for its Canberra casino.
Philippines President Ferdinand Marcos Jr. has yet to name the new head of the Philippine Amusement and Gaming Corp the Malacañang palace stated on Friday. Andrea Domingo remains as the Agency head until further notice.
The Genting Group’s U.S. operations continued to see an improvement in gross gambling revenue in the three months to end-May, according to Nomura which tracks the data on a rolling basis.
Macau’s operators are reportedly asking staff to take various forms of leave after being told to reduce the number of employees at work by 90 percent.
The Macau government has published long-awaited guidelines for the re-tendering process for its six casino concessions, though the broad brush outline is still short on specifics, industry observers say.