Saturday, November 28, 2020

Regulator gives nod to HatchAsia takeover of Silver Heritage

The Foreign Investment Review Board (FIRB) of Australia has decided to raise no objection to HatchAsia, a subsidiary of DFNN, taking a 92 percent interest in the Silver Heritage Group.

Sega Sammy Holdings unloads most of its amusement facilities

Sega Sammy Holdings has announced that it will transfer 85.1 percent of its shares in Sega Entertainment, which operates amusement facilities, to the company Genda. Sega Sammy’s share will thus fall to 14.9 percent.

Dream11 acquires AI-backed fantasy sports startup

Dream Sports, the parent company of fantasy sports platform and IPL 2020’s title sponsor Dream11 has acquired artificial intelligence (AI)-backed fantasy sports startup FanDuniya.

Credit Suisse suggests Crown-Star merger

Credit Suisse believe it's time to examine the possibility of a Crown-Star tie up in light of both companies' reduced revenue from the pandemic and China's clampdown on overseas gambling activities.

Suncity completes acquisition of nearly 70% of Summit Ascent

Suncity has now increased its stake in Summit Ascent from approximately 24.7 percent before the recent rights issue to approximately 69.7 percent, taking a controlling stake in the operator of Tigre de Cristal in the Russian Far East.

SEC probes Suntrust’s lack of tender offer during Suncity acquisition

The Securities and Exchange Commission (SEC) is investigating whether Suntrust Home Developers, co-developer of Westside City Resorts World, should have made a tender offer...

Empire Resorts shareholders approve acquisition from Genting

Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company. Earlier this month,...

Shareholders approve Eldorado’s acquisition of Caesars Entertainment

The blockbuster $17.3 billion deal by which Eldorado Resorts will take over Caesars Entertainment, thus creating the largest US IR operator, has cleared one of its main hurdles as the stockholders of both companies gave their consent on Friday.

Landing International shareholding under dispute

Landing International Development chairman Dr. Yang Zhihui said he will “take all necessary and appropriate actions to protect his interests” after it was revealed...

Suncity Philippines foray questioned by regulators

Suncity’s backdoor foray into the Philippines gaming industry has raised questions from industry stakeholders, particularly regulators, according to local media.  Last week, the Hong Kong-listed...

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Ho Iat Seng

Coronavirus live updates: No HK/Macau travel bubble until fourteen days of no new cases

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
Ho Iat Seng

Macau gaming law revision not likely until late 2021

Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry. 
Suppliers get igaming boost

Suppliers get igaming boost

Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Resorts World Genting

Local VIPs buoy Genting’s Malaysia operations

Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.

TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

IPI sees full completion in 2022, workforce permitting

Imperial Pacific International's project director Jing Zhou has outlined a construction timetable for the resort, providing it has enough workers, saying Phase 2 of the hotel tower will be finished by the end of next year, while VIP gaming and the sky level should be finished by April 2022.