Hong Kong-listed Success Universe Group Ltd has rolled out a substantial financial support package for Ponte 16, the integrated casino-resort in Macau operated by its associate Pier 16 – Property Development Ltd. Under a newly amended and restated facility agreement, the company is backing the operation with up to HKD 839 million (US $106.9 million) in combined financial assistance.
The recent Senate hearing in the Philippines has seen a unified show of support from licensed online gambling operators. Their message was clear: the real threat isn’t regulated entities, but rather the unchecked spread of illegal, unlicensed platforms.
In a decisive move to strengthen its financial footing in the United States, Genting Malaysia has unveiled a strategic restructuring plan designed to eliminate the debt burden of its wholly owned subsidiary, Empire Resorts. The company intends to launch a sale-and-lease-back arrangement involving key non-gaming assets of Resorts World Catskills (RWC) and associated developments in upstate New York. The deal marks a pivotal shift in the company’s strategic priorities and regional positioning.
Genting Malaysia is poised for a potential financial uplift in 2026 as fresh cost restructuring efforts at its Empire Resorts division appear to yield promising results. According to Maybank Investment Bank, the revised cost structure could raise Genting Malaysia’s earnings by up to 24%, signaling a major strategic win for the company’s U.S. operations.
In a significant stride for Vietnam’s tourism and entertainment landscape, local powerhouse Sun Group has received formal approval from both the Prime Minister and the Quang Ninh Provincial People’s Committee to develop a US$2 billion integrated resort in Van Don, Quang Ninh Province. The resort will be managed by the Sun Group affiliate, Van Don Sun Joint Stock Company, marking a pivotal expansion in the developer’s impressive regional portfolio.
Author: Janice Chew • Wednesday, 20/08/2025
