Home Hong Kong

Hong Kong

Kazuo Okada Released from Bail in Hong Kong

Japanese gaming tycoon Kazuo Okada announced on Friday he has been released from bail by Hong Kong’s Independent Commission Against Corruption, thus resolving one of his pending legal difficulties.

Get Nice Holdings

Get Nice Holdings focuses on money lending and property development. They are best known as the part owners of Macau’s Grand Waldo Complex in the 2006-2013 period. In 2017, they became involved in property development in London as well as their interests in the Hong Kong region.

Alphaslot Tokens Aim to Connect Online/Offline World

Hong Kong-based Alphaslot, which is currently in the middle of their pre-sale token offering, may have a model that can link the online and offline worlds.

Okada Presents His Own View of His Arrest

Gaming mogul Kazuo Okada has fired back at the allegations made against him by Universal Entertainment Corporation, calling the allegations “false and malicious” and part of “the latest attempt by UEC to harm [his] reputation.”

Genting Hong Kong Reaches Accord for Cruise Ship Works

Genting Hong Kong said one of its units has agreed to buy turnkey systems for new cruise ship vessels from Finnish shipbuilding contractor Almaco Group for a total of 83.2 million euros (about US$97.1 million).

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Imperial Pacific International

Starting out in the food business under the name First Natural Foods, this Hong Kong-based company began shifting to the gaming industry in 2013, changing its name to Imperial Pacific International the following year. Best Sunshine, a subsidiary of Imperial Pacific, develops and operates casinos, hotels, and restaurants in the Commonwealth of the Northern Mariana Islands. In 2014, it gained a license to build and operate a casino on Saipan. This development is called the Imperial Pacific Resort.

Melco Resorts & Entertainment

Melco Resorts & Entertainment is a developer, owner, and operator of casino gaming and entertainment casino resort facilities in Asia and beyond. The company operates numerous properties in Macau, including Altira Macau, City of Dreams, Studio City, and Morpheus. In the Philippines, a subsidiary of the company operates City of Dreams Manila, an IR in the Entertainment City area of Manila. Lawrence Ho, as the Chairman and CEO, controls the NASDAQ-listed casino operator via the Hong Kong Stock Exchange-listed Melco International Development.

Landing International Development

Hong Kong-based Landing International Development Limited is a new entrant to the IR operator business, having started mainly as a property developer working in mainland China. However, with the signing of their contract to create Jeju Shinhwa World in South Korea, and opening that facility in 2018, Landing International is becoming a player in the Asian casino industry.

Trending Articles

IR Not Welcome in Kyoto

Yoshio Tateishi, head of the Kyoto Chamber of Commerce & Industry, made clear in a press conference on Tuesday that although his organization will support Osaka in its bid to build an IR at Yumeshima, the ancient capital of Japan itself has absolutely no interest in hosting its own such facility.

Gambling Addiction is a Family Affair

A survey of gambling addicts in Japan has found that in more than 80% of cases family members have taken on personal financial debts in an attempt to assist their afflicted loved ones. In many cases, the gambling debts taken on by the families exceeds several tens of thousands of dollars.

Abe Scandal Flares Up Again as IR Debate Commences

The long-awaited parliamentary debate on the IR Implementation Bill began Tuesday in a plenary session of the House of Representatives, but on the very eve of its commencement a revelation regarding one of Prime Minister Shinzo Abe’s swirling scandals shook the government anew.

Fitch Says MGM Credit Profile Improving

Fitch Ratings has reaffirmed the credit rating of MGM Resorts and its MGM China unit, saying the group’s credit profile is improving.

Atlantic City’s Hard Rock Casino Resort to Open June 28

The former Trump Taj Mahal casino is being rebranded as a Hard Rock property. It is one of two shuttered casinos due to reopen this summer, along with the former Revel casino, renamed the Ocean Resort Casino.