Tuesday, November 24, 2020

Regulator gives nod to HatchAsia takeover of Silver Heritage

The Foreign Investment Review Board (FIRB) of Australia has decided to raise no objection to HatchAsia, a subsidiary of DFNN, taking a 92 percent interest in the Silver Heritage Group.

Sega Sammy Holdings unloads most of its amusement facilities

Sega Sammy Holdings has announced that it will transfer 85.1 percent of its shares in Sega Entertainment, which operates amusement facilities, to the company Genda. Sega Sammy’s share will thus fall to 14.9 percent.

Dream11 acquires AI-backed fantasy sports startup

Dream Sports, the parent company of fantasy sports platform and IPL 2020’s title sponsor Dream11 has acquired artificial intelligence (AI)-backed fantasy sports startup FanDuniya.

Credit Suisse suggests Crown-Star merger

Credit Suisse believe it's time to examine the possibility of a Crown-Star tie up in light of both companies' reduced revenue from the pandemic and China's clampdown on overseas gambling activities.

Suncity completes acquisition of nearly 70% of Summit Ascent

Suncity has now increased its stake in Summit Ascent from approximately 24.7 percent before the recent rights issue to approximately 69.7 percent, taking a controlling stake in the operator of Tigre de Cristal in the Russian Far East.

SEC probes Suntrust’s lack of tender offer during Suncity acquisition

The Securities and Exchange Commission (SEC) is investigating whether Suntrust Home Developers, co-developer of Westside City Resorts World, should have made a tender offer...

Empire Resorts shareholders approve acquisition from Genting

Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company. Earlier this month,...

Shareholders approve Eldorado’s acquisition of Caesars Entertainment

The blockbuster $17.3 billion deal by which Eldorado Resorts will take over Caesars Entertainment, thus creating the largest US IR operator, has cleared one of its main hurdles as the stockholders of both companies gave their consent on Friday.

Landing International shareholding under dispute

Landing International Development chairman Dr. Yang Zhihui said he will “take all necessary and appropriate actions to protect his interests” after it was revealed...

Suncity Philippines foray questioned by regulators

Suncity’s backdoor foray into the Philippines gaming industry has raised questions from industry stakeholders, particularly regulators, according to local media.  Last week, the Hong Kong-listed...

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Ho Iat Seng

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The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
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Macau gaming law revision not likely until late 2021

Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry. 
Suppliers get igaming boost

Suppliers get igaming boost

Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.

Macau gaming sector sheds 381 full-time jobs in H1

Macau's gaming sector shed 381 full-time jobs in the first half of the year, with the number of dealers declining by 131. The average earnings of dealers was down 7.6 percent, according to figures from the Statistics and Census Office. 

Macau 3Q retail sales decline 50.7%

Macau's retail sales declined 50.7 percent in Q3 to MOP8.92 billion ($1.1 billion), but there was a gain of nearly 30 percent from the prior quarter, according to government figures. 

Macau Oct. visitor arrivals up 30%, length of stay rises

Macau visitor arrivals rose almost 30 percent in October from the prior month, but were down almost 82 percent on the prior year, according to figures from the Statistics and Census Service. There was growth of 7.0 percentage points in the proportion of overnight visitors to 53 percent.