THE MACAU METRO MONITOR, OCTOBER 22, 2013
NEPTUNE BUYS 5% OF GALAXY JUNKET OPERATORS Macau Business
Neptune Group Ltd will pay HK$241 million (US$31 million) for 5% of privately owned Joyful Celebrate Global Ltd. Joyful Celebrate promotes the Galaxy Neptune Guangdong VIP Club at Galaxy Casino SA’s casino-hotel in Cotai. The Galaxy Neptune Guangdong VIP Club has at least 16 VIP tables with a rolling chip turnover of about HK$7.5 billion a month. Neptune is guaranteed 0.3% of the rolling turnover from the room.
PARADISE, SEGA SAMMY PLAN $1.7 BLN SOUTH KOREA RESORT Reuters
Paradise Group , one of South Korea's largest casino operators, and Japanese gaming company Sega Sammy plan to invest $1.7 billion to build a luxury resort to tap a surge in Chinese gamblers flocking to the country. The pair said in a statement on Tuesday they will build a foreigners-only casino in Incheon, in the northwest of the country near the capital Seoul and a short flight away from wealthy gamblers in China and Japan.
JAPAN COURT DISMISSES DEFAMATION SUIT AGAINST WYNN RESORTS Reuters
A Tokyo court has dismissed a defamation lawsuit filed by Japanese billionaire Kazuo Okada against Wynn Resorts and some of its top executives, saying the case should not be handled by a Japanese tribunal.