Sunday, November 29, 2020
Resorts World Genting

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. 

New Delhi High Court receives plea aiming for online gambling ban

A plea has been entered in the Delhi High Court seeking a direction to call on the central government to ban online gambling. The petition says that despite there being laws prohibiting online gambling in several states, there is still a large amount of betting activity across India. 

SJM’s Grand Lisboa may hit 50% occupancy in Dec.

Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said, explaining that Mainland Chinese may be attracted by the more festive atmosphere in Macau.
Vicky Melbourne, Fitch Ratings

Interview with Vicky Melbourne: Taking the regional credit pulse [video]

Vicky Melbourne, head of industrials, property and consumer for South Asia and Southeast Asia at Fitch Ratings, talks with Asia Gaming Brief managing editor Sharon Singleton about the impact of Covid-19 on the credit profile of the region’s operators.
VIP gaming room

Macau VIP sector losing further ground

There have been some positive reports this week, talking about optimism over Macau’s medium-term future, led by the premium mass and mass markets.

Financing of Jeju Dream Tower completed

Lotte Tour Development has announced that its flagship Jeju Dream Tower, a KRW1.6 trillion (US$1.4 billion) project, is now completely financed.

Tomakomai city ready to assume financial burden for IR infrastructure

Tomakomai city, which is still trying to gain Hokkaido Governor Naomichi Suzuki’s support to make an IR bid, has indicated that the city is willing in principle to bear the maintenance cost of roads, water, and sewage facilities.

PAGCOR and Widus provide donations for local community in Clark

Clark Development Corporation in partnership with PAGCOR, Widus Foundation, and Clark CSR Association recently donated packs and boxes of relief goods to nearby communities.

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Resorts World Genting

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.