Monday, January 25, 2021
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Ralph DLG Torres

CNMI governor gives the green light to IPI

CNMI Governor Ralph DLG Torres has made it clear that if the curtain comes down on Imperial Pacific International’s operations in Saipan, it’s not going to result from any action that he is prepared to take.
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.
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 macau

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.
Jeju Dream Tower

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.
Resorts World Genting

Outlook brightens from H2, Fitch says

Jurisdictions benefiting from local support will continue to outperform in the first half of next year, with destination markets such as Singapore, Macau and Las Vegas, likely to begin a faster pace of recovery in the second half once vaccines become more widely available, Fitch Ratings said.
Yumeshima

Delays and doubts over Yumeshima transport infrastructure

If the IR policy delays have created a threat to Yokohama’s plans that are primarily political, the deepest concerns for Osaka arguably relate to its effect on transportation infrastructure to the man-made island of Yumeshima.
singapore

Local demand drives surprise Singapore earnings beats

Singapore’s two integrated resorts surprised analysts with the strength of their most recent results, despite higher entry fees for locals and a lack of international travel. 
Dynam Japan

Rough sailing for Japan’s pachinko industry

The board of Dynam Japan Holdings, the largest pachinko firm if measured by the number of its outlets, has provided some insight into how this industry has fared in the year of the coronavirus.
Crown Resorts

Crown on Fitch downgrade watch on regulatory rap risk

A “heightened risk of severe regulatory action” has prompted Fitch Ratings to put Crown Resorts on credit watch negative for a potential ratings downgrade.
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

TRENDING ARTICLES

HK police arrest 16 in raid on VIP gambling operation

Hong Kong police have arrested 16 people who were running a VIP gambling den, which was believed to have been turning over as much as HK$10 million ($1.28 million) a day. 

Yokohama mayor argues IR needed to secure tax revenue

Yokohama Mayor Fumiko Hayashi continues her appeal to local residents to support IR development, arguing that it is a “powerful means” to secure needed tax revenues for social costs and more.

Malaysian government ups special lottery draws to 22

The Malaysian government has reinstated the number of special lottery draws that can be carried out each year to 22, up from eight last year, to raise extra revenue following the pandemic.

Focused on gaming

SUZOHAPP announced the separation of its gaming and amusement business from its cash handling business, effective immediately.  The new cash handling business will be called PayComplete. SUZOHAPP will focus solely on its core gaming, amusement, and sports betting business. 
luxury spa

Covid brings wellness travel into focus

The consensus view is there is still pent up demand for travel amongst Mainland Chinese and disposable income to do so, however, there are subtle changes in travel preferences that Asia’s operators would do well to take note of.

IPI employees receive six weeks of back pay

Employees of Imperial Pacific International in Saipan have received six weeks of back pay that they had been owed, partially alleviating the crisis and clearing the way for the company to resume the construction of its facility ordered to halt by the court.