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Japan’s Universal Entertainment, the founding parent of Okada Manila Casino Resort in the Philippines, posted a net profit of nearly 11.51 billion yen ($86.6 million) for all of 2022. That compared with a loss of 19.05 billion yen a year earlier. Overall group revenue rose 55.9% year-over-year to just under 141 billion yen in 2022,…

Hirofumi Yoshimura, the head of the Osaka Innovation party, was re-elected on Sunday as governor of Osaka prefecture, and with a 9.3 percentage-point increase in his share of the vote compared to the April 2019 election. Following his re-election, he gave comment on the Japanese metropolis’ tilt at having an integrated resort (IR) with casino….

To mark Earth Day, the Seoul Metropolitan Government and the city’s Green Citizen Committee are hosting a commemorative event at Gwanghwamun Square on Saturday.Earth Day, an annual event on April 22, serves as a platform to showcase support for environmental protection. Initially established on April 22, 1970, it has since expanded to encompass a multitude…

Samsung Electronics is expected to receive more than $6 billion in subsidies from the U.S. government for its semiconductor investments in the country, marking its entry into the heated competition for chip investments alongside Intel and TSMC, according to media reports on Tuesday.The U.S. Department of Commerce on Monday revealed its support for chip factories…

Nearly 15 trillion won ($11.06 billion) was withdrawn from fixed-term deposit accounts and installment savings accounts at five major commercial banks in Korea in the past month, according to data, Tuesday.A fixed-term deposit account is where a lump sum of money is invested all at once for a fixed duration, in return for a predetermined…

Hotel Shilla CEO Lee Boo-jin, the daughter of late former Samsung Group Chairman Lee Kun-hee, is seeking to sell over 5.2 million Samsung Electronics shares in an after-hours block deal, according to market sources, Tuesday. The 447 billion won ($330 million) to be cashed will be used to pay part of the inheritance tax total…

The declining popularity of hobby farming in North America after the end of the COVID-19 pandemic has worsened the profitability of Korea’s three largest farming machine makers, which faced a sharp drop in their exports last year, according to industry officials, Tuesday. Daedong, LS Mtron and TYM, which have trisected the Korean agricultural equipment market,…

Casino company Genting Singapore could beat rival global operator Melco Resorts and Entertainment and could be another eligible bidder in the race to become a casino complex partner in Yokohama, Maybank Investment Bank Bhd said on Wednesday. A note from banking group Nomura on Monday said it would “estimate at least a 50% chance of…

Nagasaki Prefecture said it is starting to develop manpower for its desired casino resort. On July 31, an online meeting of the Kyushu-Nagasaki International Tourism Human Resource Development Consortium Preparatory Committee will be held. People in the fields of tourism, hospitality, and education are expected to participate in the event. According to the information sent…

MGM Resorts International and its partner in Japan, Orix Corp, said the current $9 billion Osaka casino resort in Japan will not open before 2028 and could open by 2030. On Tuesday, the Osaka Prefecture said it had received Request for Proposal (RFP) data from MGM Resorts and Orix, according to information gathered by GGRAsia’s…