Company Overview and News

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Duterte ‘hates gambling,’ rules out new casinos

2018-08-09 newsinfo.inquirer.net
After firing the entire management and board of directors of a government agency that leased land for a $1.5-billion casino project, President Duterte ruled out the operation of new casinos during his term, saying he had an aversion to gambling.
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Philippines' Duterte 'hates gambling', rules out new casinos

2018-08-08 channelnewsasia
Philippine leader Rodrigo Duterte said on Wednesday there would be no new casinos set up during his presidency, a day after abruptly shelving Landing International's US$1.5 billion (£1.1 billion) integrated casino project in Manila.
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Philippines to cancel Landing's US$1.5b casino project

2018-08-07 channelnewsasia
MANILA: Philippines President Rodrigo Duterte will cancel Landing International Development Ltd's US$1.5 billion integrated casino project in the capital, his spokesman said minutes after the Hong Kong-listed firm broke ground on Tuesday (Aug 7).
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Philippines to cancel Landing's US$1.5 bil casino project — Duterte's spokesman

2018-08-07 theedgemarkets
MANILA (Aug 7): Philippines President Rodrigo Duterte will cancel Landing International Development Ltd's US$1.5 billion integrated casino project in the capital, his spokesman said minutes after the Hong Kong-listed firm broke ground on Tuesday.
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LRWC’s Boracay resort on track for 2021 opening

2018-07-29 bworldonline
LEISURE & RESORTS World Corp. (LRWC) said it remains on track to open its $550-million integrated resort in Boracay by 2021, denying that the project has been delayed due to the island’s six-month closure since April.
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Green light for casinos offers jackpot to Japanese companies

2018-07-22 japantimes.co.jp
Now that Japan has passed a law outlining a road map for casino resorts, foreign operators from Las Vegas Sands Corp. to MGM Resorts International can start to seek out partners in their bid to tap a gaming market that may be worth as much as $25 billion. It could also be a boon for Japanese industries — from companies that oversee resort projects to construction giants building infrastructure.
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Japan Inc to chase casino stakes as key law passes: industry insiders - Channel NewsAsia

2018-07-20 channelnewsasia
Japanese firms are likely to pursue stakes in the country's first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling - a business expected to generate billions of dollars in revenue.
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Japan Inc. to chase casino stakes as key law passes - industry insiders - Channel NewsAsia

2018-07-20 channelnewsasia
Japanese firms are likely to pursue stakes in the country's first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling - a business expected to generate billions of dollars in revenue.
0027 MGM OBYCF 8316 SGAMF SMFG LVS GXYEF GXYYY SMFNF 6460 SGAMY

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Japan Inc to chase casino stakes as key law passes -industry insiders

2018-07-20 reuters
TOKYO (Reuters) - Japanese firms are likely to pursue stakes in the country’s first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling - a business expected to generate billions of dollars in revenue.
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Genting among gaming stocks watched ahead of Japan vote on casino bill

2018-07-20 theedgemarkets
SINGAPORE (July 20): Asian gaming-related stocks including Genting Singapore may move ahead of a vote on a casino bill in the Upper House of the Japanese parliament.
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Market uncertainty driving away some of Macau’s high rollers

2018-07-04 malaymail
HONG KONG, July 4 — The financial market turmoil triggered by escalating US-China trade tensions and a weaker Chinese currency is threatening a two-year recovery in the world’s biggest casino hub.
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Rout deepens in China stocks as gauge nears 2016 low, yuan falls

2018-07-03 malaymail
SHANGHAI, July 3 — The bloodletting continued in China’s stock market, with a benchmark gauge approaching levels last seen during panic selling in 2016. The yuan fell to an 11-month low.
CHLKF SCHYF GXYEF GXYYY 0941 0027 CHL 2007 1928 MS SCHYY

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China and Hong Kong stocks slide, with Shanghai Composite Index declining to two-year low

2018-06-25 scmp
Cut in reserve requirement ratio announced on Sunday by People’s Bank of China ‘doesn’t signal a shift in monetary policies’, as the central bank ‘continues to focus on deleveraging’, say analysts
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Genting, world casino giants bet big on the golden Japanese market

2018-06-21 theedgemarkets
TOKYO (June 21): Foreign casino operators, including Malaysia's Genting Group, are salivating over the prospect of finally winning access to the world's third-biggest economy. They estimate that the Japanese casino market could be worth 1.75 trillion yen (US$15.8 billion) a year, when resorts are opened in three cities, surpassing Nevada's US$11.1 billion.
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Social media posts by staff ‘secretly’ tracked by Macau casino Galaxy Entertainment after complaints over Typhoon Hato work conditions

2018-06-21 theedgemarkets
(June 21): Employees of a major Macau casino are “secretly” being monitored and manipulated online under a deal struck between the company and a Hong Kong-based digital marketing firm, the Post has learned.
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