MGM China’s proposed notes offering will be priced at US$500 million of senior unsecured notes due 2031, said ratings agency Fitch. In a Tuesday note after MGM China revealed plans to issue…
Melco to open new Studio City Cinema on 26 June
Melco Resorts & Entertainment has revealed it will hold a Grand Opening for its new Studio City Cinema on 26 June. According to information from the company, the cinema – part of…
Aruze gains gaming licenses in Macau and the Philippines
Aruze Gaming Global said Tuesday that it has been granted new gaming licenses to operate in six jurisdictions globally, including in Macau and the Philippines. In a statement, the company revealed that…
Founder of Ponzi scheme targeting Australian poker players ordered to pay AU$4.8 million to 11 victims
The founder of an alleged Ponzi scheme that targeted Australian poker players has been ordered by the Supreme Court of Queensland to pay 11 plaintiffs a combined AU$4.8 million (US$3.2 million). The…
CBRE: Wynn Resorts’ strong cash position to ensure funding of UAE development a “non-issue”
CBRE Credit Research has described the ability of Wynn Resorts to self-fund its expected US$900 million investment into the Wynn Al Marjan Island development in the United Arab Emirates as a “non-issue”…
Wynn: Macau concessionaires continuing to improve allocation of non-gaming investments to enhance Macau’s global appeal
Macau’s concessionaires are still working out the best way to allocate their mandatory investments into non-gaming facilities but are gradually learning how to best attract international visitation to the SAR, according to…
Sources claim “complete collapse” of leading Philippines junket Dowinn Group
Inside Asian Gaming has heard from multiple credible sources that leading Philippines junket operator Dowinn Group has collapsed. According to people familiar with the matter, Dowinn has ceased activity across all of…
House committee chair Flores proposes abolishing Pagcor
A senior member of the Philippines’ House of Representatives has proposed abolishing the Philippine Amusement and Gaming Corp (Pagcor), that country’s casino regulator and currently also an operator of some publicly-owned casinos….
Paradise Co shares to start trading via KOSPI on June 24
Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, announced on Monday that its shares are scheduled to start trading via the country’s KOSPI stock index on June 24. In…
Macau govt to build large concert venue near GLP in Cotai
A temporary outdoor performance venue with capacity for 50,000 people is to be built in Cotai, just beside SJM Holdings Ltd’s Grand Lisboa Palace (GLP) casino resort. The 94,000-square-metre (1.01-million-sq-feet) venue (pictured…