MGM has announced it has entered into a yen-denominated credit facility equivalent to US$300 million, provided by Sumitomo Mitsui Banking Corporation, to support its development of the integrated resort (IR) on Yumeshima Island in Osaka. The facility carries an interest rate of about 2.5%, matures in October 2030, and includes an option to expand to around US$450 million.
In a significant rebound for the city’s gaming sector, Macau reported monthly gross gaming revenue (GGR) of approximately US$3.01 billion (MOP 24.09 billion) in October, representing a year-on-year increase of about 15.9%. This performance also marked a strong improvement month-on-month, rising roughly 31.7%.
The chairman and CEO of Las Vegas Sands Corp. (LVS), Robert Goldstein, recently sold approximately 700,000 shares of the company’s stock on October 29, generating about US$41.22 million from the transaction.
A recent report reveals that Indonesia has seen an estimated US$5.6 billion in online-gambling turnover, despite the fact that most Indonesian players reportedly earn less than US$305 per month. The scale of the turnover signals a massive underground industry in the country, one that nominally thrives despite low individual earnings.
The Philippine-listed developer Belle Corp — landlord to the integrated resort City of Dreams Manila (COD Manila) — revealed that its share of gaming revenue from January to September this year fell by 12 % year-on-year. In numeric terms, Belle Corp’s gaming-revenue portion stood at roughly PHP 1.23 billion (US$22.4 million) for that nine-month span.
Author: Janice Chew • Sunday, 02/11/2025
