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Paradise Co to Acquire Grand Hyatt Incheon West Wing
Paradise Co is set to complete the purchase of the Grand Hyatt Incheon West Wing on January 6, strengthening its integrated resort portfolio. The acquisition adds 500 hotel rooms adjacent to Paradise City, supporting growth in gaming and tourism.
Macau Casino Profits Set to Outpace Revenue in 2026
Macau’s casino sector is heading into 2026 with profitability expected to outpace revenue growth, as analysts point to improved cost discipline, stronger margins, and resilient VIP and mass-market performance.
Jeju Dream Tower Casino Sales Jump 62% in 2025
Jeju Dream Tower delivered strong casino-led growth in 2025, with revenues rising nearly 62% and visitor numbers climbing sharply, reinforcing its position in South Korea’s foreigner-only gaming market despite mixed year-end trends.
MGM Osaka Unveils Casino & Resort Architecture Plans
MGM Osaka, Japan’s first integrated resort, unveils detailed plans including a 23,293 m² casino floor, two hotels with 2,500+ rooms, MICE facilities, and cultural activity spaces, marking a major milestone in Osaka’s tourism and gaming sector.
Sri Lanka hikes gaming taxes and local casino fees
Sri Lanka’s new gaming tax regime doubles entry fees for locals to $100 and increases the operator gross collection levy to 18%. The changes coincide with the opening of City of Dreams Sri Lanka, strengthening state revenue and sector regulation.
Sri Lanka Raises Casino and Betting Levies for 2026
Sri Lanka increases its gaming levies, raising the local casino entry fee to $100 and imposing an 18% gross collection charge on operators above monthly thresholds. The move aligns with tourism growth and formal regulatory oversight.
Wynn Macau Sets $150M IP Payment Cap for 2026
Wynn Macau will pay up to $150 million in 2026 under intellectual property agreements with parent Wynn Resorts. The perpetual license ensures brand continuity while the cap aligns with previous year’s financial planning.
Kazakhstan Launches New Gambling Zones to Boost Tourism
Kazakhstan will establish new controlled casino zones in key regions to enhance tourism, generate 2–3 billion tenge per venue in taxes, and create around 500 jobs each, supplementing existing legal gaming areas.
Genting Bhd Issues RM3B MTNs to Manage Post-Bid Debt
Genting Bhd has issued RM3 billion in medium-term notes through Genting Vista Bhd to refinance debt from its recent Genting Malaysia takeover attempt, maintaining financial flexibility while the subsidiary remains publicly traded.
Wakayama and Fukuoka Step Back from Japan IR Bids
Wakayama and Fukuoka have opted out of Japan’s 2027 IR application process, citing tight timelines and local opposition, reshaping the field of contenders while underscoring the importance of political will and community support for casino development.
SJM Holdings Acquires L’Arc Casino in Macau
SJM Holdings has acquired L’Arc casino, transitioning it from a satellite venue to a self-operated property. The move strengthens its Macau peninsula portfolio amid regulatory changes phasing out third-party casino revenue-sharing arrangements.
Sands China Renews Macau Trademark Deal Through 2028
Sands China has renewed its trademark and marketing agreements with Las Vegas Sands through 2028, securing brand use across major Macau resorts while setting structured royalty fees and marketing caps to support post-pandemic growth.