The Beijing Imperial Palace Hotel in Taipa—once home to the satellite casino Greek Mythology Casino and formerly linked to junket-tycoon Alvin Chau—is now undergoing renovation after a change of ownership, signalling a fresh chapter for the much-troubled property.
Investment-bank J.P. Morgan estimates that the acquisition by SJM Resorts of L’Arc Macau could contribute approximately HK$300 million to HK$350 million (around US$38.5-45 million) in annual EBITDA to SJM, suggesting the deal is “value-accretive”.
In a significant milestone for the Australian gaming sector, Bally’s Corporation has secured full regulatory clearance to assume control of The Star Entertainment Group. Approvals from New South Wales’ NSW Independent Casino Commission (NICC) and Queensland’s Office of Liquor & Gaming Regulation (OLGR) were confirmed on 21 November 2025, following a detailed probity assessment of Bally’s and its key associates.
The Gaming Inspection and Coordination Department (DICJ) in Macau has stepped in to supervise the closure of Casino Ponte 16 next week, as part of the sweeping restructure of the city’s satellite-casino ecosystem. The regulator has flagged 1,025 employees whose roles will be disrupted by the closure and has mandated that they be guaranteed relocation opportunities within SJM’s network, with full continuity of salary, benefits and working conditions.
Genting Berhad has announced that its financing arm has issued RM 495 million (approximately US$104 million) in medium-term notes (MTNs) as part of a broader RM 10 billion programme. These notes carry a one-year tenure and offer interest at one-month KLIBOR plus 1.80 % per annum. The proceeds will be used to help finance its takeover of Genting Malaysia Berhad, with the acquisition offer announced on 13 October 2025.
Author: Janice Chew • Saturday, 22/11/2025
