Sino-American Gaming Investment Group is run by the Denver-based consultancy company RiskWise Group, which is seeking to build two casino resorts on Cebu and Napayawan islands.Sino forms strategic relationships with platform and game developers, licensing and distribution channels, and mobile and land-based operators in the non-regulated and regulated gaming marketplaces worldwide. RiskWise is facilitating the growth of Sino-America Gaming Investment Group by providing due diligence services, providing introductions and negotiating strategic partnerships and procurement of commercial documentation.
Agribusiness firm Calata Corp. says it expects to sign a MOU and lease deals with its international partners at some point this month for its P65-billion Mactan Leisure City development, local media reports. In a reply to a query from the Philippine Stock Exchange (PSE) on Monday, Calata said its partners Sino-America Gaming Investment Group […]
Agribusiness company Calata Corp. has teamed up with a US-based investment group and Macau-based gaming operator to create a real estate investment trust for a proposed P65 billion ($1.4 billion) integrated resort on Mactan Island, Cebu. Expected to open in 2020, the 14 hectare development will include three luxury hotels and an entertainment complex featuring […]
Macau Resources has teamed up with Las Vegas-based hospitality and nightlife company Macro Management to bring celebrity-branded products to two casino resorts it’s planning to develop in the Philippines. The company, which is 73 percent owned by Sino-America Gaming Investment Group, is planning a VIP resort on the island of Napayawan in the province of […]
The dramatic slump in Asia’s VIP revenue over the past two years has forced operators to trim costs and diversify income sources to plug the gap. While much of the focus has been on boosting non-gaming and tapping into the mass market, companies have also been looking at ways of unlocking shareholder value through monetizing extensive fixed assets. From real estate spinoffs, to timeshares and outright sales, many options are being considered.
The Philippines was one of the best-performing casino markets around Asia in 2015, defying the regional slump to post a 17 percent increase in gross gaming revenue. Most of the focus has been on the multi-billion dollar resorts springing up in Manila’s Entertainment City, but industry experts say there’s plenty of opportunity outside of the capital.