NUSTAR Resort & Casino in Cebu announced that on the evening of October 1, 2025, it safely resumed hotel, dining, and gaming operations after a temporary suspension caused by a magnitude 6.9 earthquake that struck the region. The resort reports that a thorough initial sweep of its facilities found no injuries or casualties among guests, staff, or visitors.
NagaCorp has revealed that for the nine months ended September 30, 2025, its total gaming revenue reached about USD 532 million, representing a year-on-year increase of 29.6%; net gaming revenue also rose roughly 30% over the same period. This robust performance underscores the company’s momentum, particularly as its mass market table gaming continues to show strength.
Macau Legend Development is reportedly weighing the possibility of terminating its service agreement for Legend Palace Casino ahead of its scheduled expiry, signalling a shift in strategy as Macau phases out satellite casino operations. The existing agreement, under which Legend operates the casino through SJM Resorts S.A., is set to lapse on 31 December 2025.
Macau’s casino gross gaming revenue (GGR) in September climbed 6.0 percent year-on-year to about MOP 18.29 billion (roughly US$2.28 billion), according to figures from the city’s Gaming Inspection and Coordination Bureau. Despite strong year-over-year gains, the monthly total declined 17.5 percent sequentially from August, when GGR hit MOP 22.16 billion—its strongest post-pandemic month.
Australia’s Star Entertainment Group has flagged optimism about fulfilling its financial obligations now that its lenders have granted a waiver on covenant tests under its syndicated loan agreement. According to a Reuters report, Star announced a covenant waiver for the September 30 test, subject to finalising documentation, which relieves some immediate pressure to satisfy restrictive debt conditions. This development follows months of tense negotiations in which Star struggled to gain favour with creditors over the terms proposed for waiver eligibility.
Author: Janice Chew • Thursday, 02/10/2025
