Paradise Co Ltd, a prominent South Korean operator of foreigner-only casinos, has unveiled plans to invest approximately KRW575 billion (US$396.4 million) in constructing a new luxury hotel in Seoul's Jangchung-dong district. The company has secured a KRW550 billion (US$379 million) loan from Woori Bank to support this development, with the hotel slated to open in 2028.
Australia's Star Entertainment Group has recently been at the center of significant financial maneuvers aimed at stabilizing its precarious financial position. The company, grappling with substantial debt and regulatory challenges, has attracted both domestic and international attention with its latest strategic decisions
In a significant development, the Hong Kong Jockey Club (HKJC) is optimistic about the legalization of basketball betting in the Special Administrative Region (SAR) by September 2025. This initiative aims to bolster the city's financial health and address the escalating issue of illegal gambling.
Melco Resorts & Entertainment Ltd, a well-known name in the gaming industry, is rethinking its business strategy. The company, which operates City of Dreams Manila, is exploring an "asset-light" approach—a move that has sparked industry-wide speculation.
This Vietnamese integrated resort is about to undergo a major transformation, fueled by a massive US$1 billion Phase 2 investment. Get ready to witness the evolution of this already impressive destination as it expands its offerings and elevates the visitor experience, starting this year!
Author: Janice Chew • Thursday, 13/03/2025
