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GGRAsia – Emerald Bay backer signs intent deal with Japan junket firm


PH Resorts Group Holdings Inc said in a Thursday filing to the Philippine Stock Exchange that it had signed a letter of intent with an entity called ASKI Japan Ltd, regarding provision of junket-player services to PH Resorts’ under-construction Emerald Bay casino resort (pictured in a file photo) in Cebu.
ASKI Japan was described in the announcement as an affiliate of Global Mix Corp, a “provider of integrated resort [IR] consulting services in Japan”. PH Resorts is the gaming and hospitality subsidiary of Philippine conglomerate Udenna Corp.
The letter of intent was signed on Wednesday between ASKI Japan chief executive, Nobuhiro Imigi, and PH Resorts’ chief operating officer (COO), José Angel Sueiro. ....

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GGRAsia – 71pct dip in visits to S. Korea casinos in 2020 says govt


Gambling cash turnover in South Korea’s casino market for full-year 2020 fell by 64.5 percent from the prior-year period, according to data from the Ministry of Culture, Sports and Tourism, issued through its official website on Tuesday.
The fall coincided with a 71.3 percent decline year-on-year in the aggregate of visits to the properties: i.e., foreigner-only venues and the Kangwon Land resort, the only casino complex in the nation that is permitted to offer bets to locals.
The deterioration in attendance occurred at a time when the impact of the Covid-19 pandemic was felt on inbound tourism to South Korea and on the country’s casino operations, including capacity limitations and in some cases periods of temporary closure as a Covid-19 countermeasure. ....

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