TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Wynn Macau Empire In Heated Dispute

Category: Tourism, Posted:27 Feb 2012 | 06:00 am

One of the stories to watch in the coming days is the legal dispute between Steve Wynn and his Japanese investor Kazuo Okada.
This tale looks to trail all over Asia with Wynn Macau's Vice Chairman Allan Zeman being quoted in the international press, and the Philippine Amusement and Gaming Corporation (PAGCOR) being citied.
In a nutshell Okada had his shareholding forcibly redeemed by Wynn after alleged payments to PACGOR came to light. The Japanese investor is building a multi-billion dollar gaming project in Manila.
Looks like a large-scale legal battle is in the works. Perhaps Thailand might be better off not having the legalized gaming for the moment given the industry's hard-nosed proposition.

Other News

Read more

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
Read more

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
Read more

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
SiaJai logo

Thailand's Leading Homecare Marketplace