China Banking Corp (ChinaBank) is reportedly in no rush to divest the stalled Emerald Bay integrated resort site in Cebu, despite the prolonged pause in development. The project, located along Cebu’s South Road Properties, was originally envisioned as a large-scale tourism and gaming destination but has remained dormant following earlier setbacks, including the withdrawal of its original casino partner. Recent commentary suggests the lender prefers to wait for improved market conditions rather than pursue a discounted sale of the prime beachfront asset.
Macau is preparing for a major upgrade to its public transport infrastructure, with plans to introduce six new Light Rapid Transit (LRT) lines aimed at expanding rail coverage across the city and strengthening links to key border crossings. The proposal, outlined by government officials, reflects a renewed push to tackle long-standing traffic congestion while supporting Macau’s broader urban development and cross-border integration goals. The expanded network is expected to complement the existing Taipa Line and gradually reshape how residents, workers, and visitors move around the city.
Las Vegas-based gaming services company AA Slots has formally opened its first Asian office in Laos, marking a major step in its strategy to grow operations across Southeast Asia. The move comes through a multi-partner collaboration that includes Macau-based LT Game, consultancy Kairos Gaming, and China’s LST Future to provide an integrated technical and operational services hub from the heart of the region. The Laos office is positioned to support not only Phase One of a forthcoming international integrated resort project in the country but also wider gaming operations across neighbouring markets.
Melco Resorts & Entertainment could potentially raise around US$600 million if it proceeds with a disposal of its interests in City of Dreams Manila, according to analyst commentary cited by GGRAsia. The valuation estimate is based on prevailing market multiples and the property’s earnings profile, with observers noting that the Manila asset has matured into a stable cash-generating operation.
Average nightly room rates for five-star hotels in Macau continued to soften toward the end of 2025, reflecting a more competitive hospitality environment despite steady visitor flows.The average daily rate (ADR) for five-star rooms in December slipped 6% year-on-year to US$193, extending a downward trend seen across much of the year.
Author: Janice Chew • Monday, 26/01/2026
