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Casino
April 24, 2025
MGM Osaka Held Its Groundbreaking Ceremony
MGM Osaka, Japan’s inaugural integrated resort, has just hosted its groundbreaking ceremony. Despite the multiple delays, construction is currently underway, marking a monumental achievement for the casino industry. The Event Was Attended by the Osaka Governor The $8.9 billion resort is the brainchild of MGM Resorts International and its local partner, Orix Corp, which have […]
Legal
November 18, 2024
Baha Mar Developer Pushes for Nassau Hotels as Security in Fraud Case Appeal
Sarkis Izmirlian, the original developer of the Baha Mar resort in The Bahamas, has filed a new legal motion in the New York State Supreme Court, urging that two prominent Nassau hotels owned by China Construction America (CCA) be used as security for his $1.642 billion damages judgment. This Move Extends a Fierce Legal Battle […]
Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
Industry
June 12, 2024
Senator Irajá Believes Brazil’s IRs Can Raise Up to $ 7.5bn
The wind of change is blowing over Brazil as the trend aimed at the legalization of gambling is getting more and more backed up by voices using the revenue argument. During an interview for Brazil’s important outlet for economy, finance, and business, Valor Econômico, senator Irajá Silvestre Filho said the country could record revenue of […]
Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Industry
January 18, 2024
Marina Bay Sands Pours $750M into Second Phase of Hotel Renovation
The premier business, entertainment and leisure destination, Marina Bay Sands, confirmed the launch of the second phase of its reinvestment program on Thursday. The next phase of the venue’s transformation represents a reinvestment of $750 million. The second phase of Marina Bay Sands’ redevelopment will help transform Tower 3, ensuring the integrated resort remains a […]
Casino
December 29, 2023
Nagasaki’s Bid for Integrated Resort Rejected by Central Government
However, Japan’s Ministry of Land, Infrastructure, Transport, and Tourism is having none of it, as the government has qualms about the feasibility of the project as submitted by Nagasaki. Nagasaki Misses the Mark with Government Kyushu Resorts Japan and Nagasaki prefecture will have to go back to the drawing board or fold their bid altogether. […]
Industry
August 2, 2023
Judges Confirm Participation in the 2023 IAG Academy IR Awards
Macau-based gaming news platform, Inside Asian Gaming (IAG), announced today that more than 60 judges with experience within the gambling vertical are going to participate in the upcoming 2023 IAG Academy IR Awards. So far, a total of 67 judges, that will deliver their expertise for the Awards’ Judging Panel, confirmed they will participate. The […]
Casino
June 29, 2023
Osaka Contracts Deloitte Touche Tohmatsu for IR Monitoring Services
The Osaka prefecture has selected the business consultancy Deloitte Touche Tohmatsu for the provision of support services for the development of its upcoming integrated resort. The construction of the new casino and hospitality venue is expected to revolutionize gaming in Japan. Under its contract with the prefecture, the consultancy will be tasked with overseeing various […]
Industry
May 31, 2023
Expert Says Additional Delays Threaten the IR Project in Nagasaki
A year has passed since Japanese prefectures Osaka and Nagasaki filed their applications with the national government for an integrated casino resort. The submission was completed right before the deadline set for the process. The process has gained traction at least for Osaka, which remained confident in the success of the integrated resort (IR) project, […]
