Moody’s Ratings has assigned a ‘B1’ rating to MGM China Holdings Ltd’s proposed senior unsecured notes, which the institution said in a Monday memo would be for a principal amount of US$500…
Senator says local govt need account for POGOs in their area
Politician Sherwin Gatchalian (pictured), a long-standing critic of the formerly-named Philippine Offshore Gaming Operators (POGOs), said on his own senatorial website that local government executives “should be held accountable for failing to…
Morgan Stanley: End of free snacks to non-gamblers will hurt Macau footfall but not GGR
A move by Macau’s concessionaires to limit the provision of free snacks to visitors may impact footfall but is unlikely to have any material affect on gaming revenues, according to investment bank…
Creditors committee files motion questioning identity of Hong Kong individual said to be providing US$7 million loan to Imperial Pacific
A committee of creditors claiming they are owed money by embattled Saipan casino operator Imperial Pacific International (CNMI) LLC have questioned the identity of an individual set to provide a US$7 million…
MGM China planning international notes offering for professional investors
MGM China Holdings Ltd has announced plans to conduct an international offering of Notes to professional investors, primarily to repay a portion of the amount outstanding under its existing revolving credit facility….
Macau Chief Executive Ho Iat Seng says government expecting budget to return to surplus in 2025
Macau Chief Executive Ho Iat Seng said Monday he expects the government’s budget to be in surplus next year. The three-year COVID-19 pandemic, which ran from early 2020 to early 2023, caused…
Newport World Resorts continues executive transformation as former Hoiana Group CFO Laurence Hawke named Chief Financial Officer
IAG has learned that Newport World Resorts operator Travellers International Hotel Group (TIHGI) has named Laurence Hawke, former Group CFO of Hoiana Resort & Golf in Vietnam, as its new CFO. It…
Cultural Affairs Bureau says new Macau outdoor concert venue will cover 94,000 square meters
The Macau SAR Government has confirmed that a large-scale outdoor performance venue covering around 94,000 square meters will be built on an empty plot located next to Grand Lisboa Palace and Lisboeta…
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) dollars….
Las Vegas Indoor Golf Complex Repairs Misting System as Region Faces Intense Heat
Temperatures should be more comfortable after Las Vegas’ recently-opened Atomic Golf got its misting system working again in time for Father’s Day on Sunday. The pump on the system broke last month…