Dynam Japan, an operator of pachinko parlors, posted a 6.6 percent gain in profit for the fiscal year to end-March as restrictions eased, but the company is cautious in its outlook.

News

Resorts World Manila 1Q22 GGR jumps 43% as restrictions ease

Sharon Singleton - May 25, 2022

Travellers International Group, the operator of Resorts World Manila, said the property generated a 43 percent gain in gross gambling revenue in the first quarter as restrictions eased.

Philippines

LRWC swings to 1Q22 loss on higher operating costs

Sharon Singleton - May 25, 2022

Leisure and Resorts World Corporation (LRWC) swung to a loss in 1Q22 due to higher costs as business operations resumed and start-up expenses from its newly launched online bingo operation.

Singapore

Singapore visitors top 2021 figures in the first four months of this year

Sharon Singleton - May 25, 2022

Tourism arrivals to Singapore in the first four months of the year have overtaken the visitor numbers for all of 2022, with a surge in April after Covid restrictions were eased.

China

Chinese immigration official advises citizens not to leave the country, citing infection risk

Felix Ng - May 25, 2022

The Chinese government on Monday has advised citizens not to leave the country unless necessary, and has also discouraged individuals from traveling overseas for sightseeing or visiting friends.

Australia

Victoria strengthens gaming regulator’s oversight of Crown Resorts

Felix Ng - May 25, 2022

The Victorian government has proposed new legislation that will further enhance the compliance and enforcement powers of its gaming regulator as part of its oversight of Crown Resorts.

Macau

Macau operators net debt seen at $25b by end-2022, but all should survive: MS

Sharon Singleton - May 24, 2022

Macau operators net debt could reach $25 billion by the end of this year if China’s strict zero-Covid policies remain in place, but most will be able to survive 2022, Morgan Stanley analysts wrote.

Pacific Islands

Saipan regulator thwarted again in bid to hold hearing on IPI license revocation

Sharon Singleton - May 24, 2022

Imperial Pacific International (IPI) has won another reprieve against efforts by Saipan’s Casino Control Commission to revoke its license postponed again.

Macau

SJM Holdings to guarantee worker jobs in satellite casinos

Sharon Singleton - May 24, 2022

SJM Holdings has said it will guarantee the jobs of any workers who find themselves unemployed due to the closure of its satellite casinos in Macau.

Russia

Shambala moves ahead with Phase 2 development in Russia’s Primorye

Sharon Singleton - May 23, 2022

Shambala NJSC, which opened a casino in Russia’s Primorye gaming zone in 2020, said it has begun work on the second phase of construction at the resort.

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Intelligence

China consumer feeling the stress from zero-Covid

23 hours ago

China this week announced a mammoth new round of economic stimulus measures to kick-start its ravaged economy, though analysts say that this time around the rebound is unlikely to be as strong after the first bout of Covid and the impact on consumer spending may be longer lasting.