Business
July 8, 2021
Sands China Announces Third Waiver to Its $3bn Facility Agreement
Sands China entered into its third waiver extension regarding its $3 billion 2018 SCL Credit Facility. Under the third waiver extension, the company extended the loan period and amended conditions without suffering penalties. Sands China Amends and Extends Credit Facility Agreement Sands China, the subsidiary of US-based operator Las Vegas Sands (LVS), announced Wednesday that […]
Legal
July 7, 2021
PAGCOR Splits Teams to Oversee Online and Land-Based Ops
The gambling regulator in the Philippines, PAGCOR, reportedly introduced a structural change to its teams. PAGCOR established a team that would monitor online gambling only. The regulator dedicated a separate team was tasked to supervise and monitor land-based operations. Gambling Watchdog Separates Teams to Online and Land-Based PAGCOR, the Philippine casino regulator and operator, established […]
Casino
July 7, 2021
Nagasaki Approaches the Finish Line with Its Integrated Resort Plans
Japan’s Nagasaki prefecture is confident that it has all of the components necessary to offer an integrated resort (IR) in Japan. It is one of only a small handful of locations remaining in the hunt for the selection of the first three locations that will host a casino resort in the country. It is also […]
Business
July 6, 2021
Cambodia’s Casinos Take a Hit as Country Locks Down Its Borders
Donaco’s Star Vegas Resort & Club and NagaCorp’s Naga World in Cambodia could be facing a new round of losses. The country has been forced, once again, to close its borders with Thailand and Vietnam, thanks to the resiliency of COVID-19. The coronavirus continues to threaten the country, as well as others, with the Delta […]
Industry
July 6, 2021
EveryMatrix Is Now a Member of the World Lottery Association
The World Lottery Association (WLA) is one of the largest member groups in the global gaming industry. It has hundreds of members from around the world, including state-authorized lottery and sports gambling operators, lottery suppliers and much more, with participation from entities found on all continents. It has been around since 1999 and continues to […]
Industry
July 5, 2021
Tokyo Could Be on the Verge of Exiting the Japan IR Race
When Japan first started talking about integrated resorts (IR) a couple of years ago, there was a lot of initial support across the country. The idea of attracting more tourism and jobs through a guaranteed money-maker seemed to be like a good idea. However, the positive sentiment has waned somewhat over the past three years, […]
Business
July 2, 2021
Donaco International Finds Last-Minute Resolution to Cover Outstanding Debt
When Donaco International Ltd. picked up $100 million from Mega Bank in 2015 to finance its casino expansion plans, it didn’t expect that, right around the corner, was waiting a series of problems that would make it nearly impossible to keep up with the loan’s repayment scheme. Since then, the Australian-listed operator, which is behind […]
Casino
July 1, 2021
Macau Receives a Little Bit of Good News as Gaming GGR Plummets
Last month was not the best month for Macau’s gaming scene, but it certainly wasn’t the worst on record, either. Every month brings new challenges and hurdles that have to be overcome, and June is just the latest to keep Macau’s authorities and gaming properties on their toes. Casino gross gaming revenue (GGR) took a […]
Business
June 29, 2021
Universal Entertainment Takes on New Debt to Pay off Existing Debt Early
Universal Entertainment is going to use new debt to pay off existing debt, according to a recent announcement made by the company. The operator of the Okada Manila in the Philippines is planning on placing, outside its home country of Japan, new notes that will allow it to pay down the principal on existing notes […]
Industry
June 28, 2021
Macau Visitation Numbers Likely to Be Less This Year Than Previously Thought
When 2021 began, it looked like Macau might be ready to make a significant rebound from the devastation caused by COVID-19 last year. While there weren’t any major upswings in casino revenue, there were steady increases in tourism and activity that painted a brighter picture for the rest of the year. That led the Macao […]