Earlier this week, Bank of America Merrill Lynch (BofAML) said in a note to customers that Macau’s total gaming revenue (GGR) in June was likely to rise 7% year-over-year to 30.3 billion MOPs ($3.8 billion). Casino revenue was 28.3 billion MOPs in June 2013. If so, sales growth would be the lowest in five months,…
Melco Crown Announces Hyatt for CoD Manila
Hyatt Hotels & Resorts and Melco Crown (Philippines) Resorts confirmed a hotel management agreement for Hyatt City of Dreams Manila on Tuesday. The venture will move into two towers of the $1.26 billion resort. The property is being developed jointly by Belle Corp., a Filipino company controlled by the family of Filipino-Chinese businessman Henry Shi,…
A higher-quality team than England and France
San Marino, who played an A-match friendly match in March 2024 at the Stadio Olimpico Decera Ballet in San Marino on the 25th (Korea time), drew 0-0 with the St. Kitts Nevis. San Marino is at the bottom of the FIFA rankings. With a population of only about 33,000, there are fewer soccer players than…
HanAll Biopharma hires US expert as chief business development officer
Korean drugmaker HanAll Biopharma said Tuesday it has appointed Christopher Slavinsky, former Coherus BioSciences chief business and legal officer, as the chief business development and legal officer aiming to bolster global expansion efforts. Slavinsky has over 25 years of experience in legal and business development roles across major pharmaceutical companies and emerging biotechnology firms. His…
Korea wins $17.3 bil. nuclear power plant order from Czech Republic
Korea Hydro & Nuclear Power (KHNP) was selected, Wednesday, as the preferred bidder for a 24 trillion won ($17.3 billion) project to build nuclear power plants in the Czech Republic, according to the state-run nuclear power plant operator. The successful export of a Korean nuclear reactor is a landmark achievement, marking the first such contract…
Over 10,000 trainee doctors likely to end up leaving hospitals
Despite monthslong efforts by the medical community and the government for a breakthrough, over 10,000 striking trainee doctors were presumed to leave hospitals as they have decided not to withdraw their resignations, the health ministry said Thursday. More than 90 percent of around 13,000 junior doctors walked off their jobs in February in the form…
Agency dismisses malicious rumors about KARA member Park Gyu-ri’s injury
The agency of Park Gyu-ri, an actress and member of the girl group KARA, has announced its firm stance against malicious rumors. Her agency, Big Boss Entertainment said Wednesday on social media, “We recently informed you that actress Park Gyu-ri sustained facial injuries, including a fractured cheekbone and eye socket. The injuries were due to…
Pagcor Cuts Betting Platform Fees Through April 1
Alejandro Tengco, president and chief executive of the Philippine gaming regulator, said the Philippine gaming regulator is set to cut licensing fees for “online and on-site betting platforms” through April 1. Mr Tengco, head of the Philippine Entertainment Gaming Company (Pagcor), said on Tuesday that licensing fees, part of the revenue, would be cut to…
MGM China Wynn Macao Ltd.’s Dividend Surprise
Two Macau casino operators each announced their annual dividends on Thursday for the first time since the 2019 trading year before the COVID-19 pandemic, according to what one broker described as a “surprise.” The dividend action is “a year earlier than the investment industry expected,” JPMorgan Securities (Asia-Pacific) said on Friday. “This means that three…
Macau Casino GGR $1.8 billion on March 24
Citing industry inspection results, JP Morgan Securities (Asia-Pacific) said on Monday that Macau’s total casino gross gaming revenue (GGR) daily utilization for the first 24 days of March was 621 million MOPs ($77.1 million), totaling MOP14.9 billion for the period. Analysts DS Kim, Mufan Shi, and Selina Li wrote that March’s observed daily utilization rate…