In a significant stride for Vietnam’s tourism and entertainment landscape, local powerhouse Sun Group has received formal approval from both the Prime Minister and the Quang Ninh Provincial People’s Committee to develop a US$2 billion integrated resort in Van Don, Quang Ninh Province. The resort will be managed by the Sun Group affiliate, Van Don Sun Joint Stock Company, marking a pivotal expansion in the developer’s impressive regional portfolio.
Japan’s highly anticipated MGM Osaka integrated resort (IR) is advancing full steam ahead, with the national government affirming that both the developer and Osaka’s local authorities are pushing the project forward with notable vigor. According to a recent statement from the Japan Tourism Agency—part of the Ministry of Land, Infrastructure, Transport and Tourism—the project is “proceeding vigorously” and continues to satisfy all the stipulated requirement criteria.
In a landmark move, Sri Lanka’s Parliament has officially passed a bill to establish a Gambling Regulatory Authority (GRA)—a major step toward modernizing, centralizing, and strengthening oversight over the nation’s gambling industry.
Sands China Ltd, the prominent Macau casino operator behind flagship venues like The Venetian Macao, The Parisian Macao, Sands Macao, and The Londoner Macao, has announced an interim dividend of HKD 0.25 (US$0.032) per share, amounting to a total payout of HKD 2.02 billion. This dividend is scheduled for payment on September 12, 2025.
PH Resorts Holdings Group Inc. has officially derecognized a PHP 8.75 billion (~US$153.5 million) financial liability tied to the Emerald Bay development in Mactan, Cebu, Philippines. This move is disclosed in the company's second-quarter earnings filed with the Philippine Stock Exchange.
Author: Janice Chew • Monday, 18/08/2025
