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Weidner Resorts penetrates Taipei, Genting enters Japan | 12th December 2012 : WorldCasinoYellowPages

Weidner Resorts penetrates Taipei, Genting enters Japan, Melco Crown acquires Manchester International Holdings, expansion of Kangwon Land

... 12 December 2012

Weidner Resorts penetrates Taipei, Genting enters Japan, Melco Crown acquires Manchester International Holdings, expansion of Kang

While the new casino law has since been pushed to the next year for clearance by the federal authorities of Taiwan delaying the gambling developments in the state; Weidner Resorts have chosen to land in Taipei with their offices there so that they could pursue the matter with the politicians. Weidner expects to put up a casino resort in Matsu Islands and in that very context it has approached the public on Friday through their press conference with its promise of a disbursement of NT $18k (US $618) on yearly basis during its very first year that could reach NT $80k after a gap of five years from now. However, William Weidner, the worthy president agreed that he could not give any word for exact time for completion of the casino.

The Genting Singapore has expressed its keen desire to penetrate the bazaars of Japan provided they get full cooperation and consent of the concerned politicians for clearance of the IR, i.e. Integrated Resort Casino Legislation. The chairman, Lim Kok Thay expressed in Singapore at a press meet that there are plenty of opportunities for expansion of business in the bazaars of Japan. The positive minded Lim hoped that the gaming law that was promised long back would see the day-light within the next one / one & a half year. The Resorts World Sentosa of Getting Singapore has recorded a downfall of thirty four percent in the latest quarter of the year that is the result of the downward trend in the VIP gambler market of China infecting many casino closed societies of the Asia-Pacific territory.

Melco Crown Entertainment Ltd. of Hong Kong has divulged its intentions to have a venture of 93.1% in the Manchester International Holdings Unlimited Corp listed in the Philippines against an investment of PHP1.26b ($30.8m). In fact, they plan to organize and activate their PAGCOR’s Entertainment City casino that is underway in Manila. 

Among the seventeen properties that permit the locals, South Korea based Kangwon Land is the only one that has since been bestowed with the valid license for expansion of their operations. Han Ik-hee, the analyst of Hyundai Securities hopes that the new products and devices facilitated by Kangwon Land would help the company to increase by thirty-five percent by the second quarter of the next year when they are smooth with their operations. Min Young-sang, the qualified analyst from HI Investment Securities hopes that the profit figures of the company would be boosted with a rise of 30-40 percent after successful start of their operations. Then, the gaming floor of the property will be made approx twice the area, i.e. to 11,824 sq ft than the one at present. The slot machines would go up to 1,560 from the existing 1,092 and the gaming tables would be boosted with a rise of fifty two percent.

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