Industry
October 5, 2021
New Macau Gaming Laws Likely to Face Delays as COVID-19 Issues Continue
Frustration is the word of the day in Macau. 2020 was a disastrous year for the city’s casino market and, while 2021 has been substantially better, COVID-19 continues to cause problems. Recent positive tests have forced government and health officials to take a few steps backward on the road to recovery, and it doesn’t look […]
Industry
October 4, 2021
Japan Launches Application Window for IR Submissions
After a long delay due to COVID-19 and other issues, Japan is finally advancing its plans to introduce integrated resorts (IR) to the country. The Japanese Diet launched the official window for application submissions last Friday and host cities and prefectures have until next April to forward their final project proposals. With only three locations […]
Industry
October 1, 2021
Real Madrid, World Surf League and More Are Part of Nagasaki’s IR Plans
Nagasaki, Japan is determined to find approval for its integrated resort (IR) project. Based on a new update, the prefecture has dedicated a considerable amount of time and resources to create what can only be described as an entire city connected to the property. The plan still needs to be approved by the Japanese Diet, […]
Industry
September 30, 2021
Caesars Jumps Back into the Japan IR Market through Clairvest Alliance
Most of the large US casino operators – Caesars Entertainment, Las Vegas Sands, MGM Resorts International and Wynn Resorts – initially showed a lot of enthusiasm for Japan’s integrated resort (IR) plans. However, that interest quickly waned for all of them, except MGM. Now, one of them is staging a comeback, ready to get involved […]
Business
September 29, 2021
Sands China Redeems $1.8 Billion in Senior Notes Two Years Early
Sands China has completed an exercise that allows it to reduce the weight of its leveraged debt. The Asian arm of casino operator Las Vegas Sands submitted a filing to the Hong Kong Stock Exchange (HKSE) yesterday, explaining that it had redeemed $1.8 billion in senior notes. The move comes on the heels of another […]
Industry
September 29, 2021
PAGCOR Plans Six-Figure Grant for Casino Filipino Cities
It’s been a rough couple of years for the Philippines, but things seem to be finally improving. Millions of dollars have been lost because of COVID-19 and the recovery process is going to take several years to complete. The Philippine Amusement and Gaming Corp (PAGCOR) is hoping it can help by giving cities and governments […]
Industry
September 28, 2021
MGM Resorts Wins a Race in Which It Was the Only Participant
It’s almost impossible to lose a race in which you’re the only competitor, so it’s likely that MGM Resorts International wasn’t too concerned about not being selected as a casino operator for Osaka, Japan. The prefecture is hoping to win approval to host an integrated resort (IR) and, leading up to the close of the […]
Industry
September 27, 2021
Macau’s COVID-19 Recovery Is about to Take a Nosedive
The upcoming Golden Week holiday period was supposed to provide Macau with an injection of much-needed revenue. The city and its casinos have been looking forward to this time of the year as a means to show that it has gotten COVID-19 under control. However, it apparently hasn’t and this spells disaster for Macau’s recovery […]
Industry
September 24, 2021
SJM Expects Macau to Cut the Casino License Validity Period to 10 Years
SJM Resorts officials are convinced fresh 2022 tenders are in line for all six operators that are currently in business in Macau. However, it is the company’s belief that the licenses will not last as long as they did before. When Stanley Ho’s monopoly on the gambling market was ended by Macau, which is at […]
Industry
September 24, 2021
Nagasaki’s IR Growth Plans Depend on Local Traffic, Not Foreign Tourism
One of the main reasons Japan has been trying for more than two decades to bring integrated resorts (IR) and casino gambling to the country is to promote international tourism. The tourism industry always means big money for any country that manages it properly, and Japan’s government finally convinced enough people that introducing IRs was […]