Tagged hong kong

Macau recovery may be hindered by United States investor interest

October 13, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

American brokerage Jefferies Financial Group Incorporated has reportedly warned that institutional investors could soon begin turning their attention away from Macau’s casino market in preference to potential o...

Macau casinos experience severe ‘Golden Week’ disappointment

Adam Morgan

October 8, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Macau reportedly did not have a good ‘Golden Week’ holiday period as its usually impressive daily average casino visitor tally dropped by 93.7% year-on-year to a mere 1,166. According to a report from GGRAsi...

Criticism for Macau’s casino dividend disbursement proposition

Adam Morgan

October 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

In Macau and local legislators may reportedly be forced to utilize existing legal means so as to implement a proposal that would limit the amount licensed casino operators are permitted to pay their shareholder...

Coronavirus setback for Macau’s ‘Golden Week’ optimism

Adam Morgan

September 27, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Hopes that the casino industry in Macau would be able to benefit from China’s upcoming ‘Golden Week’ national holiday have reportedly been dashed after the enclave recently recorded two positive cases of corona...

SJM Holdings Limited forecasts ten-year term for future Macau casino licenses

Adam Morgan

September 22, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it believes the city’s upcoming tendering process will most probably see successful candidates awarded with new ten-year lic...

Summit Ascent Holdings Limited extends loan on Philippines casino

Adam Morgan

September 21, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

Asian casino operator Summit Ascent Holdings Limited has reportedly extended the maturity date on a $122.5 million loan it agreed with Filipino associate SunTrust Home Developers Incorporated in February. Ac...

Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall

Adam Morgan

September 20, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

For the second time this year and global brokerage and investments firm Morgan Stanley has reportedly cast doubts on the near-future profitability of the Macau casino industry owing to the lingering impacts of ...

Stark reaction to proposed future Macau casino regulations

Adam Morgan

September 15, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

The value of shares in some of Macau’s largest casino operators was reportedly rocked yesterday after the local government released its latest proposals for how it believes the industry should be regulated into...

International Entertainment Corporation delays Manila casino resort scheme

Adam Morgan

August 16, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Philippines

Asian hotel and leisure operator International Entertainment Corporation has reportedly postponed a plan that was to have seen it bring a five-star casino resort to the Philippines capital of Manila by the end ...

Galaxy Entertainment Group Limited heralds its first-half return to profit

Adam Morgan

August 12, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its first-half financial results showing an improvement of almost 133% year-on-year in net profit to approximately $121.7 million...

Melco Resorts and Entertainment changing the focus of Altira Macau

Adam Morgan

July 28, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and Melco Resorts and Entertainment Limited has reportedly announced that it will soon be transforming the casino within its Altira Macau property into a premium-mass venue at the expense of any VIP bu...

Dynamite suggestion for unfinished Imperial Palace Saipan

Adam Morgan

July 23, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Casino closures, Gaming Industry News, Casino project updates, Economy/Finance, Saipan, Licenses, Mergers, Acquisitions & Partnerships

A senior legislator in the Commonwealth of the Northern Mariana Islands has reportedly suggested blowing up the half-completed building that had been due to host the hotel for the jurisdiction’s giant Imperial ...

Clairvest Neem Ventures consortium granted Wakayama Prefecture approval

Adam Morgan

July 21, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and the government for Wakayama Prefecture has reportedly okayed the final consortium that is now set to serve as the preferred operating partner for its tilt at being granted permission to host one of...

Cash injection for developer of envisioned Midan City Resort Complex

Adam Morgan

July 19, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, South Korea

In South Korea and the Chinese firm behind the plan to bring an $800 million integrated casino resort to a 1,087-acre site near the port city of Incheon has reportedly secured additional funding worth in the re...

Second casino license call for the Commonwealth of the Northern Mariana Islands

Adam Morgan

July 14, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Saipan, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships

In the Commonwealth of the Northern Mariana Islands and a pair of senators have reportedly launched official legislation that could see the remote American territory offer up a second casino license. Accordi...