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02:18 Friday 22 January 2021
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  • NEWS
    SJM reveals eco-friendly features of new Cotai IR

    SJM Holdings prices senior notes offer at US$1 billion

    Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

    The Londoner Macao to open first phase on 8 February

    Genting Malaysia set to recover US$195 million impairment loss as bill to save US tribal casino nears vote

    Inauguration of US President Biden could help Genting Malaysia realize US$426 million tribal casino investment: Maybank Research

    IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

    Sands China announces discretionary allowance for 99% of employees

    The profound impact of Sheldon Adelson

    The profound impact of Sheldon Adelson

    Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

    Imperial Pacific taps former Saipan senator to become new CEO

    Trending Tags

    • FEATURES
      2021: Japan IR – Crunch time

      2021: Japan IR – Crunch time

      In safe hands

      In safe hands

      A spirit of social responsibility

      A spirit of social responsibility

      Taxation tremors

      Taxation tremors

      10 years ago

      10 years ago

      Creating an RG culture beyond the boardroom

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      • PEOPLE
        Dave Smith: Smell of success

        Dave Smith: Smell of success

        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

        Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

        Creation theory

        Creation theory

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Dark days

        POST-COVID2: The most transformative business shock of our lifetimes

        Dominic Laubach: Global explorer

        Dominic Laubach: Global explorer

        Trending Tags

        • COLUMNISTS
          Memories of the man that was Sheldon Adelson

          Memories of the man that was Sheldon Adelson

          Big money

          A decade of differentiation

          A decade of differentiation

          How to set up for IR success

          How to set up for IR success

          Macau: Taking a sensible approach to responsible gaming

          Macau: Taking a sensible approach to responsible gaming

          Time to realign?

          Time to realign?

          Trending Tags

          • TECH TALK
            Creation theory

            Sega Sammy Creation aiming for “maximum fortune” in 2021

            IGT launches new game for its strong performing Ying Cai Shen link

            IGT launches new game for its strong performing Ying Cai Shen link

            Jumbo given GLI certification for new Long Yi Fa jackpot link games

            Jumbo given GLI certification for new Long Yi Fa jackpot link games

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            First-class showcase in the virtual space

            First-class showcase in the virtual space

            Badge of honor

            Badge of honor

            Trending Tags

            • iGAMING
              Live-games integration as an effective marketing tool for increasing bets

              TVBET to enter the Montenegro iGaming market

              Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

              Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

              PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

              Duterte extends “modified” quarantine measures across Metro Manila to 31 May

              PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

              Trending Tags

              • EVENTS
                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Castle in the Sky

                Osaka IR & Inbound Business Seminar canceled due to COVID-19

                SBC launches new SBC Digital 2021 events program

                SBC launches new SBC Digital 2021 events program

                IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                Trending Tags

                • MACAU
                  SJM reveals eco-friendly features of new Cotai IR

                  SJM Holdings prices senior notes offer at US$1 billion

                  Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                  The Londoner Macao to open first phase on 8 February

                  IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                  Sands China announces discretionary allowance for 99% of employees

                  The profound impact of Sheldon Adelson

                  The profound impact of Sheldon Adelson

                  Macau: Taking a sensible approach to responsible gaming

                  Galaxy announces one-off Special Payment to eligible staff

                  Creation theory

                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                  Trending Tags

                  • JAPAN
                    Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                    Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                    Amax shareholders approve company name change, mobile games apps sale

                    Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Creation theory

                    Sega Sammy Creation aiming for “maximum fortune” in 2021

                    2021: Japan IR – Crunch time

                    Osaka IR bid included in ordinance for unified Osaka city/prefecture council

                    Boost for Osaka as MGM Resorts opts out of proposal to acquire UK online betting giant Entain PLC

                    Trending Tags

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                      • Nepal
                      • New Zealand
                      • North America
                      • North Korea
                      • Philippines
                      • Russia
                      • Singapore
                      • South Korea
                      • Sri Lanka
                      • Thailand
                      • Vietnam
                      SJM reveals eco-friendly features of new Cotai IR

                      SJM Holdings prices senior notes offer at US$1 billion

                      Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                      The Londoner Macao to open first phase on 8 February

                      Genting Malaysia set to recover US$195 million impairment loss as bill to save US tribal casino nears vote

                      Inauguration of US President Biden could help Genting Malaysia realize US$426 million tribal casino investment: Maybank Research

                      IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                      Sands China announces discretionary allowance for 99% of employees

                      The profound impact of Sheldon Adelson

                      The profound impact of Sheldon Adelson

                      Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                      Imperial Pacific taps former Saipan senator to become new CEO

                      Trending Tags

                      • POWER 50
                        Power restored

                        Power restored

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Ones to watch

                        2020 Asian Gaming Power 50 list

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 1 – Francis Lui

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

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                        • NEWS
                          SJM reveals eco-friendly features of new Cotai IR

                          SJM Holdings prices senior notes offer at US$1 billion

                          Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                          The Londoner Macao to open first phase on 8 February

                          Genting Malaysia set to recover US$195 million impairment loss as bill to save US tribal casino nears vote

                          Inauguration of US President Biden could help Genting Malaysia realize US$426 million tribal casino investment: Maybank Research

                          IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                          Sands China announces discretionary allowance for 99% of employees

                          The profound impact of Sheldon Adelson

                          The profound impact of Sheldon Adelson

                          Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                          Imperial Pacific taps former Saipan senator to become new CEO

                          Trending Tags

                          • FEATURES
                            2021: Japan IR – Crunch time

                            2021: Japan IR – Crunch time

                            In safe hands

                            In safe hands

                            A spirit of social responsibility

                            A spirit of social responsibility

                            Taxation tremors

                            Taxation tremors

                            10 years ago

                            10 years ago

                            Creating an RG culture beyond the boardroom

                            Trending Tags

                            • PEOPLE
                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Dominic Laubach: Global explorer

                              Dominic Laubach: Global explorer

                              Trending Tags

                              • COLUMNISTS
                                Memories of the man that was Sheldon Adelson

                                Memories of the man that was Sheldon Adelson

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Time to realign?

                                Time to realign?

                                Trending Tags

                                • TECH TALK
                                  Creation theory

                                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  First-class showcase in the virtual space

                                  First-class showcase in the virtual space

                                  Badge of honor

                                  Badge of honor

                                  Trending Tags

                                  • iGAMING
                                    Live-games integration as an effective marketing tool for increasing bets

                                    TVBET to enter the Montenegro iGaming market

                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Duterte extends “modified” quarantine measures across Metro Manila to 31 May

                                    PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

                                    Trending Tags

                                    • EVENTS
                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Castle in the Sky

                                      Osaka IR & Inbound Business Seminar canceled due to COVID-19

                                      SBC launches new SBC Digital 2021 events program

                                      SBC launches new SBC Digital 2021 events program

                                      IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                                      Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      Trending Tags

                                      • MACAU
                                        SJM reveals eco-friendly features of new Cotai IR

                                        SJM Holdings prices senior notes offer at US$1 billion

                                        Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                        The Londoner Macao to open first phase on 8 February

                                        IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                                        Sands China announces discretionary allowance for 99% of employees

                                        The profound impact of Sheldon Adelson

                                        The profound impact of Sheldon Adelson

                                        Macau: Taking a sensible approach to responsible gaming

                                        Galaxy announces one-off Special Payment to eligible staff

                                        Creation theory

                                        Sega Sammy Creation aiming for “maximum fortune” in 2021

                                        Trending Tags

                                        • JAPAN
                                          Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                                          Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                                          Amax shareholders approve company name change, mobile games apps sale

                                          Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Creation theory

                                          Sega Sammy Creation aiming for “maximum fortune” in 2021

                                          2021: Japan IR – Crunch time

                                          Osaka IR bid included in ordinance for unified Osaka city/prefecture council

                                          Boost for Osaka as MGM Resorts opts out of proposal to acquire UK online betting giant Entain PLC

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Latin America
                                            • Macau
                                            • Malaysia
                                            • Nepal
                                            • New Zealand
                                            • North America
                                            • North Korea
                                            • Philippines
                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            SJM reveals eco-friendly features of new Cotai IR

                                            SJM Holdings prices senior notes offer at US$1 billion

                                            Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                            The Londoner Macao to open first phase on 8 February

                                            Genting Malaysia set to recover US$195 million impairment loss as bill to save US tribal casino nears vote

                                            Inauguration of US President Biden could help Genting Malaysia realize US$426 million tribal casino investment: Maybank Research

                                            IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                                            Sands China announces discretionary allowance for 99% of employees

                                            The profound impact of Sheldon Adelson

                                            The profound impact of Sheldon Adelson

                                            Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                                            Imperial Pacific taps former Saipan senator to become new CEO

                                            Trending Tags

                                            • POWER 50
                                              Power restored

                                              Power restored

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

                                              Trending Tags

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                                              Okada claims Universal framed him with phony deals

                                              Muhammad Cohen by Muhammad Cohen
                                              Wednesday 22 August 2018 at 15:42
                                              Okada claims Universal framed him with phony deals

                                              Universal Entertainment founder Kazuo Okada claims that company executives began plotting as early as 2012 to oust him as chairman last June. As part of a wide-ranging interview to appear in the October issue of Inside Asian Gaming, Okada contends he was framed by Universal President Jun Fujimoto and his allies, asserting they performed questionable financial transactions, then pointed the finger at Okada, alleging the billionaire had abused company funds to enrich himself by some US$22 million.

                                              “I love Universal. I created Universal. I’m trying to protect it,” Okada declared through a translator. “Is that person going to take these petty actions?”

                                              RelatedPosts

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                                              Friday 13 November 2020 at 05:13
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                                              Sunday 25 October 2020 at 16:19
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                                              A leading producer of pachinko machines, Universal also owns integrated resort Okada Manila. In the years before and after the IR’s December 2016 opening, Okada says he was focused on that signature project, present in Manila all but a few days a month.

                                              “While I was away, people were taking advantage, readying their intricate plans,” he says. “I plan to get back my company. I need to clear my name and prove I have done nothing wrong.”

                                              When and if he does regain control of Universal, Okada plans to pursue a license for an integrated resort in Japan, believing he has an edge due to his experience in casino development and creating pachinko machines for Japanese players as well as casino gaming machines globally through personally owned Aruze Gaming.

                                              Okada also says he also will seek to overturn the settlement between Wynn Resorts and Universal stemming from the 2012 seizure of Universal’s shares over US$110,000 in alleged excessive hospitality to Philippine officials, documented by a special investigation headed by former US FBI Director Louis Freeh.

                                              “I’m the chairman of the corporation; I’m not watching what every salesman spends,” Okada says. “When Freeh mentioned US$110,000 over three years, my reaction was: a little over US$35,000 a year, this number you’re talking about, is it truly a problem?”

                                              Universal did not respond to inquiries from Inside Asian Gaming regarding Okada’s assertions.

                                              Share1Share
                                              Muhammad Cohen

                                              Muhammad Cohen

                                              Muhammad Cohen is Editor at Large of Inside Asian Gaming, a contributor to Forbes Asia and wrote Hong Kong On Air, a novel set during the 1997 handover about TV news, love, betrayal, high finance and cheap lingerie.

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                                              SJM reveals eco-friendly features of new Cotai IR

                                              SJM Holdings prices senior notes offer at US$1 billion

                                              by Newsdesk
                                              Thursday 21 January 2021 at 18:57

                                              Macau gaming concessionaire SJM Holdings says it expects to raise around US$991 million after confirming plans to issue US$1 billion of senior notes. Three days after SJM first proposed an offer, the company announced pricing of the notes which will...

                                              Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                              The Londoner Macao to open first phase on 8 February

                                              by Newsdesk
                                              Thursday 21 January 2021 at 18:19

                                              Sands China will officially launch the first phase of its latest Macau integrated resort project, The Londoner Macao, on 8 February. The Londoner Macao represents a comprehensive reimagining of Sands Cotai Central, first opened in April 2012, with the new-look...

                                              Genting Malaysia set to recover US$195 million impairment loss as bill to save US tribal casino nears vote

                                              Inauguration of US President Biden could help Genting Malaysia realize US$426 million tribal casino investment: Maybank Research

                                              by Ben Blaschke
                                              Thursday 21 January 2021 at 17:54

                                              This week’s inauguration of Joe Biden as the 46th President of the United States could be good news for Genting Malaysia too, potentially paving the way for a resumption of construction on its stalled Massachusetts tribal casino project according to...

                                              IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                                              Sands China announces discretionary allowance for 99% of employees

                                              by Newsdesk
                                              Thursday 21 January 2021 at 13:57

                                              Sands China Ltd has announced a discretionary allowance for more than 26,000 eligible full-time team members, completing the set of all six Macau concessionaires to have confirmed employee bonuses. The discretionary allowance, to be paid on 8 February, will be...

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