The lenders also agreed to “extend the period of time during which the company may supply the agent with its audited consolidated financial statements for the financial year ended on December 31, 2021, to April 30, 2022”.

Under the new agreement, the dividend restriction period was also extended by one year, to January 1, 2023, inclusive.

The revolving unsecured credit facility – that Sands China had agreed in November 2018 and which is available until July 31, 2023 – is with a number of banks, with Bank of China Ltd, Macau Branch, as agent for the lenders.

Pursuant to the third waiver agreement, “the company agreed to pay a customary fee to the lenders,” added the filing.

On January 25, Sands China had exercised its option to increase the lenders’ total commitments by HKD3.83 billion, which is about US$494 million at the exchange rate at the time.

Sands China did not state specific reasons for the amendments. The company has an ongoing commitment to spend hundreds of millions of U.S. dollars on infrastructure in the Macau casino market, as it completes the revamp of the Londoner Macao casino resort.

The company has said it hopes to launch the Londoner Court hotel at Londoner Macao “in phases” before October Golden Week this year. 

Editing by Rachel Hu

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Nagasaki is part of the wider Kyushu region, which also hopes to benefit from the anticipated economic growth linked to an IR. Up to three casino resorts will be permitted in the current phase of development.

Local governments must find a private-sector partner, and then apply to the national government for the right to host an IR.

In June, Nagasaki said that the three private-sector entities that had passed a first round of evaluation as possible partners for the prefecture’s tilt at hosting a casino resort, were to go through a second round of screening.

In other developments, the Kyushu IR Council held its first business seminar on June 4. Speakers included people with business experience in the industry. According to the prefecture, the seminar provided details on the economic benefits and business opportunities that an IR could bring.

In further work, the preparatory committee of the Kyushu-Nagasaki IR Safety and Security Network Council held its first official meeting on June 30. It discussed anti-addiction measures in relation to casino gambling, as well as general public safety.

Editing by Rachel Hu

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Pagcor had already mentioned in June it had created a “Compliance Monitoring and Enforcement Department – Integrated Resorts”, known for short as “CMED-IR”. This was responsible for all licensed casinos in Entertainment City, the Clark group of casinos and Thunderbird casinos, the regulator said at the time.

It was referring respectively to large scale casino resorts in the Entertainment City in Metro Manila; the casino complexes at Clark, a former air force base on the main island Luzon; and a chain of properties across the Philippines, under the branding Thunderbird Resorts and Casinos.

In its latest emailed update, the Philippine gaming regulator said that the compliance work – ensuring Pagcor’s gaming licensees adhere to its set rules and regulations – had now been divided into two branches, the second covering online.

“CMED was divided into two – CMED-Integrated Resorts (IR) and CMED-Internet Gaming (IG)”.

“CMED-IR is focused on licensed casino operators’ compliance to set regulations, while CMED-IG covers all other Pagcor-licensed gaming operations including E-Sabong,” Pagcor stated.

E-Sabong refers to online/remote or off-site wagering/betting on live cockfighting matches, events, and/or activities streamed or broadcast live from a government-authorized cockpit arena, according to Pagcor’s regulatory definition.

As part of its efforts regarding oversight of the gaming sector as a whole, Pagcor also issued last month updated casino regulatory manual forms for adoption by licensed casino operators.

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Macau health official Tai Wa Hou said on Monday “more time was needed” to observe the latest developments relating to the pandemic in Hong Kong.

Health officials in Hong Kong have since reclassified the hotel cleaner’s infection as linked to an imported one. They said genetic sequencing of a virus sample from the cleaner was the same as that of viral gene fragments taken from a person arriving from Indonesia.

The last time Hong Kong recorded a community case was on June 7, meaning the city has now recoded 28 days of zero local infections, according to the local authorities.

The authorities of Macau and Hong Kong have planned easing travel between the two cities. The Macau authorities said previously that Hong Kong would need to have 28 consecutive days of no new cases before Macau would consider lifting its arrival requirement for inbound coming via Hong Kong.

In Monday’s briefing, health official Mr Tai said Macau would also need to liaise with the authorities in mainland China regarding any easing of travel with Hong Kong. Currently, only the mainland has a mostly quarantine-free travel bubble with Macau.

Mr Tai said Macau and mainland China have cooperated closely in control measures in relation to the pandemic over the past few months. Therefore, any relaxation of restrictions for people traveling from Hong Kong would require “in-depth communication and assessment” with the relevant mainland authorities.

Any new steps related to a travel bubble with Hong Kong “will be announced when there is a decision about the details and the date of implementation,” stated Mr Tai.

Editing by Rachel Hu

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The LDP won 33 seats in the 127-seat assembly, while Komeito retained its 23 seats.

That meant parties opposing the casino resort initiative in the country have expanded their influence in the regional body.

According to media surveys, only the LDP and the Japan Restoration Party among political groupings in Japan, have shown they are in favor of integrated resorts, as these complexes are known in the country.

The other parties in the Tokyo election had voiced their opposition against the initiative. The Japan Restoration Party got a single seat in the local assembly.

Tokyo has not yet declared its position on a possible IR, but a number of observers has mentioned that the capital city remained a place to watch as it would be a highly-coveted location for a casino resort.

In December, Tokyo’s governor Yuriko Koike said the city was to “keep considering whether to apply” for the right to host a casino property.

Locations that have so far publicly announced their interest to host a casino resort include Osaka, Yokohama, Nagasaki and Wakayama. Up to three casino resorts will be permitted in Japan to coincide with the opening up of the market.

Editing by Rachel Hu

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That is according to Hoffman Ma Ho Man, an executive from one of the investors in Macau peninsula casino hotel Ponte 16, which operates gaming under SJM Holdings Limited’s license.

Mr Ma, deputy chairman and executive director at Hong Kong-listed Success Universe Group Limited, noted that the property was ready to accommodate that requirement.

Macau authorities have planned adding a blue-coloured health self-certification code for those arriving from Hong Kong that are eligible to travel to Macau quarantine-free, under Macau’s digital health code system.

According to Macau’s Novel Coronavirus Response and Coordination Centre, those with the code would have movement restrictions during their trip, including that their stay at a Macau hotel would only be on a designated floor.

Editing by Rachel Hu

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