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Thailand could pass the necessary enabling legislation for casino resorts in as early as the next 12 months, and at least one resort could open as soon as 2030, suggests Udorn Olsson, a former MP from that nation and adviser to a Thailand parliamentary committee mulling the legalisation of casino business. He was speaking in an interview with GGRAsia, at the Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore.Were a 2030 opening come to pass, it could put Thailand on a schedule to launch an integrated resort (IR) with casin... more

Australian casino firm Crown Resorts Ltd has been found “suitable” to retain its Sydney, New South Wales (NSW) casino licence, after nearly three years of work by the group to improve its overall business practices.The New South Wales Independent Casino Commission (NICC) gave the news in a Tuesday statement.Crown Sydney (pictured) had in June 2022 been approved for a gaming licence by New South Wales. The conditions included ongoing monitoring by regulators. Crown Resorts was acquired by investment group Blackstone Inc The moni... more

Brokerage JP Morgan Securities LLC has suggested that Las Vegas Sands Corp’s 2025 property-level Macau earnings before interest, taxation, depreciation, amortisation and rent (EBITDAR) could rise 16.6 percent year-on-year. The forecast was included in a Tuesday note on Las Vegas Sands, parent of Macau operator Sands China Ltd. JP Morgan said it expected the 2025 figure to be nearly US$2.77 billion, compared to more than US$2.37 billion for full-year 2024. Analysts Joe Greff and Sam Nielsen said factors leading to such EBITDAR incr... more

Macau casino business Wynn Macau Ltd says the conversion price of its US$600 million 4.50-percent convertible bonds due in 2029, will be adjusted subsequent to the company announcing the payment of dividends. In mid-August, Wynn Macau Ltd declared an interim dividendof HKD0.075 (US$0.01) per share, due to be paid on September 12. The casino operator resumed this year a dividend payment, announcing in March a 2023 final dividend of HKD0.075 per share. “Pursuant to the terms and conditions of the convertible bonds, the conversion pr... more