The Philippines saw a total of 5,450,557 international visitor arrivals in 2023, some 13.6% higher than the Department of Tourism’s (DOT) target of 4.8 million arrivals according to final figures. The impressive…
Category: News
Jeju Dream Tower sees casino revenues jump by 250% to US$116 million in 2023
Lotte Tour’s Jeju Dream Tower integrated resort saw its casino revenues soar by 249% to KRW152.3 billion (US$116 million) in 2023, aided by Korea’s COVID-19 recovery and the return of international tourists….
Korea’s Paradise Co books 113% casino revenue increase to US$567 million in 2023
South Korea’s leading foreigner-only casino operator, Paradise Co saw its casino revenues increase by 113% to KRW744.2 billion (US$567 million) in 2023. The result included a 17.9% month-on-month and 37.9% year-on-year increase…
NagaCorp’s Chen politically savvy: chairman McNally
The chairman of Cambodian casino operator NagaCorp Ltd has described its late founder Chen Lip Keong as a “politically savvy” and “visionary” entrepreneur who took “bold risks when and where others might…
US$1.76bln share subscription ok amid Chen death, says Naga
Cambodian casino operator NagaCorp Ltd has made a voluntary statement to the Hong Kong Stock Exchange seeking to reassure investors that the Friday death of the company’s founder, Chen Lip Keong, announced…
Chinese group visitors waived S.Korea visa fee during 2024
South Korea will extend a visa fee-exemption scheme to Chinese group travellers until the end of 2024. An existing exemption programme on the usual US$15 fee for such travellers began in September…
Inspire to be cash flow positive by end of 2024: COO
Mohegan Inspire Entertainment Resort (pictured) in South Korea, which had a soft opening on November 30 for non-gaming amenities, is likely to be “cash flow positive” by the end of 2024, says…
Macau Legend to sell Laos casino for US$6mln pre-tax gain
Gaming and hotel services firm Macau Legend Development Ltd confirmed it is to dispose of its Savan Legend casino resort (pictured) in Savannakhet, Laos, for what it now says is an “initial”…
65 ‘cyber gambling’ suspects repatriated to S.Korea Jan-Nov
Of 438 South Koreans repatriated from overseas between January and November to face criminal charges, 14.8 percent – or 65 individuals – stood accused of “cyber gambling”, reported Yonhap news agency, citing…
4Q Macau EBITDA likely up q-o-q, biz costs flagged: JPM
Macau casino industry fourth-quarter 2023 earnings before interest, taxation, depreciation and amortisation (EBITDA) are likely to show a 10 percent rise sequentially when reporting for the relevant period begins later this month,…