Gaming companies find support as debt and leverage reduction take center stage

Howard Stutz, CDC Gaming Reports

2019-12-05Literally two minutes after MGM Resorts International announced Monday that it had closed the $4.25 billion sale and leaseback of the Bellagio, the company sent out a second press release stating it would redeem more than $1.878 billion in debt that…… [Read More]

Konami Gaming names Jason Kremer as VP of studio operations

CDC Gaming Reports

2019-12-05Konami Gaming, Inc. named Jason Kremer as the company’s vice president of studio operations, who will provide more than two decades of experience to the gaming equipment developer and supplier. In the role, Kremer will oversee Konami’s game develop…… [Read More]

Wynn Resorts settles derivative lawsuit for $41 million, including $20 million payment from Steve Wynn

Howard Stutz, CDC Gaming Reports

2019-12-05Wynn Resorts said Wednesday it will receive $41 million – which includes $20 million from former chairman and CEO Steve Wynn – to settle a derivative lawsuit filed on behalf of the company. In a statement, Wynn Resorts said the settlement is subjec…… [Read More]

Japan considering taxing the casino winnings of foreign tourists

Inside Asian Gaming

2019-12-05The Japanese government is considering implementing a tax on money won by foreign visitors to the nation’s casinos. In a decision that could have major implications for Japan’s IR industry, the ruling party has flagged applying the withholding tax i…… [Read More]

Suncity Group on track for 1Q20 launch of Vietnam IR Hoiana

Inside Asian Gaming

2019-12-05Hong Kong-listed Suncity Group Holdings Limited has confirmed it is on track to open its Vietnam integrated resort, Hoiana, within the first quarter of 2020. According to Suncity’s Assistant Vice President of Marketing Communications, James Wong, f…… [Read More]

Hokkaido confirms withdrawal from Japan’s IR race

Inside Asian Gaming

2019-12-05Governor Naomichi Suzuki has officially announced that Hokkaido has shelved its bid for an integrated resort (IR). Despite strong support from local business groups, the Governor was eventually forced to pull the plug due primarily to environmental…… [Read More]

Following board departures, Donaco CEO resigns

CDC Gaming Asia

2019-12-05Last week, more than half of Donaco International’s board resigned. Thursday, after six months at the helm, CEO Paul Arbuckle gave his six months’ notice as the company continues its attempts to reform itself following the disastrous purchase of Sta…… [Read More]

Lawrence Ho says greater consumer confidence to benefit Macau in 2020

Inside Asian Gaming

2019-11-20Melco Resorts & Entertainment Chairman and CEO Lawrence Ho believes the prospect of an end to the damaging US-China trade war and subsequent stabilization of the renminbi will provide a positive impact to Macau’s gaming revenue over the next 12 …… [Read More]

Solaire’s 3Q19 GGR soars 46% on record mass market numbers

Inside Asian Gaming

2019-11-20Manila’s Solaire Resort & Casino reported a 46% increase in gross gaming revenue in the three months to 30 September 2019, the hefty jump coming on the back of record mass market volume and improved VIP hold. GGR reached Php17.11 billion (US$33…… [Read More]

Osaka’s IR operator recruitment process to begin in December

Inside Asian Gaming

2019-11-20The Governor of Osaka Prefecture, Hirofumi Yoshimura, has announced that Osaka prefecture and city will start its formal recruitment process for an IR operator in December. Osaka prefecture and city is aiming to attract an IR facility to Yumeshima i…… [Read More]