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International Ent. to complete Manila hotel reno by June 2022
Hong Kong-listed International Entertainment said it expects to complete the renovation of its New Coast Hotel in Metro Manila on or before June, 2022.
Universal plans additional note issue to secure cash flow
Universal Entertainment said it plans an additional note issue to improve cash flow and redeem $118 million in outstanding notes.
Nagacorp sees strong demand for $200m note issue
Nagacorp said it has raised $200 million through an additional note issue, which received strong support from investors.
SJM to raise about $197m through HK$ and MOP note issue
SJM Holdings said it expects to raise net proceeds of HK$1.24 billion ($159.6 million) and MOP298 million ($37.2 million) from an issue of senior notes in Hong Kong and Macau. The notes will carry interest of 3.9 percent.
IPI 2020 loss narrows, says it’s a going concern
Imperial Pacific International says its business is still viable despite reporting a loss for the past two years and said its controlling shareholder has pledged to provide finance to settle its liabilities and and potential litigation costs.
MGM China note issue is largely neutral, says Fitch
MGM China Holdings' plans to issue senior unsecured notes is unlikely to materially affect the company's leverage and provides additional liquidity to MGM China, Fitch Ratings said in a note.
South Korea loses allure, leaving projects in limbo
South Korea, which attracted significant interest when it first opened for foreign investors, is now seen as holding limited appeal unless the government agrees to relax its stance on local gaming.
Wynn Resorts to raise funds through 5.5 million stock issue
Wynn Resorts said it was raising fund for general corporate purposes through the sale to the public of 5.5 million shares, with an option for underwriters for an additional 825,000 stocks. It didn't give the offer price, but Wynn's stock is currently trading at $116.99.
Moody’s upgrades Mohegan Tribal Gaming after debt refinancing
A January debt refinancing has had a "meaningful positive impact" on Mohegan Tribal Gaming Authority's liquidity, says Moody's Investor Services, explaining why it has upgraded its Corporate Family Rating to Caa1 from Caa2 and Probability of Default Rating to Caa1-PD from Caa2-PD.
Crown says Moody’s withdraws rating for unit’s note program
Crown Resorts said that Moody's Investors Service has withdrawn its rating on a euro medium-term note program from one of its wholly owned subsidiaries.
Australasian Gaming Expo (AGE) 2021
The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – June 2021 Edition
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Asia Gaming Briefings – April 2021 Edition
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.