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Singapore tourism arrivals are up just over 7 percent in the year to July, but a closer look at the detailed breakdown provided for Q1 shows that for the second consecutive quarter, visitors spent more on gaming, sightseeing and entertainment than in its glitzy shopping malls.
Paradise SegaSammy said it will open new facilities at Paradise City, with a greater emphasis on entertainment, on Sept. 21, completing the first phase of the development.
Melco Resorts & Entertainment said its Studio City International Holdings venture is continuing to prepare for an initial public offering, which will commence as soon as market conditions permit and it receives the necessary clearance from the U.S. Securities and Exchange Commission.
Melco Resorts & Entertainment reported an 8 percent gain in adjusted property EBITDA driven by its City of Dreams Manila and Altira properties, though overall revenue fell after a change in accounting practices.
Jason Gastwirth, Caesars’ president of entertainment, confirmed in an exclusive interview with Asia Gaming Brief that he has entered into “initial discussions” with Japanese talent agencies and related groups to explore possible cooperation regarding programming at a potential theater for a Caesars IR in Japan.
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