Galaxy unveils Capella at Galaxy Macau as newest hotel brand, to open mid-2025
Galaxy Entertainment Group has announced a partnership with leading hotel brand Capella Hotels and Resorts that will see Galaxy Macau become home to the first Capella property in The Greater Bay Area. Scheduled to open in mid-2025, Capella at Galaxy...
Read moreMalaysia considering second casino license for Johor’s Forest City development
Malaysia’s Prime Minister Anwar Ibrahim is said to have met with two of the country’s most prominent business leaders, including Genting Group’s Lim Kok Thay, to discuss the possibility of granting a second casino license for an embattled US$100 billion...
MGM’s Osaka IR secures US$3.4 billion in funding via loan agreement with banks
The joint venture entity developing Japan’s first integrated resort in Osaka has secured a loan agreement with a group of banks reported to be worth JPY530 billion (US$3.4 billion). According to the Nikkei, Osaka IR Corporation – the joint venture...
Singapore Pools to commingle pools with UK Tote Group on British races
The Singapore Pools has signed an agreement with the UK Tote Group to commingle pools, combining the liquidity of Singapore Pools betting customers into the UK Tote’s pools on British racing meetings. In a joint statement, the two organizations said...
Donaco EBITDA up 66% quarter-on-quarter as Cambodia, Vietnam casinos shine
Southeast Asian casino investor Donaco International Ltd reported group-wide revenue of AU$12.7 million (US$8.3 million) in the three months to 31 March 2024, representing a 30.1% increase over the December quarter on improved business volumes at its Cambodian and Vietnamese...
Former Star CEO Cooke defends pushing back on regulator due to “one way street” negotiations
Former Star Entertainment Group CEO Robbie Cooke has told an inquiry into the company’s suitability to retain its Sydney casino license that negotiations with the state’s casino license were a “one way street” and pushback was necessary to address matters...
Melco’s Lawrence Ho: multi-trip visa between Hengqin and Macau would benefit industry development
Lawrence Ho, the Chairman and CEO of Melco Resorts & Entertainment, says it would be beneficial to the long-term development of the gaming industry if authorities proceed with a plan to allow multiple trips between Hengqin and Macau. Current rules...
Morgan Stanley: Macau hotel occupancy and room rates likely weaker during May Golden Week holidays
The occupancy and Average Daily Rate (ADR) of Macau’s hotels are expected to be weaker throughout the upcoming May Golden Week than during the most recent Chinese New Year (CNY) holiday period according to a survey of 28 hotels conducted...