Billionaire Nassef Sawiris’ Bold Pivot: $50B Bet on America’s Infrastructure Future

Billionaire Nassef Sawiris’ Bold Pivot: $50B Bet on America’s Infrastructure Future Summary Nassef Sawiris is repositioning the Sawiris family empire from chemicals and cement into a US-focused infrastructure play. By consolidating OCI and re-listing Orascom in Abu Dhabi, Sawiris aims to mobilise up to $50 billion in capital and partner funds into US projects over […]

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Melco’s Grand Dragon satellite casino and Mocha Kuong Fat slots club to cease operations next week

Melco’s Grand Dragon satellite casino and Mocha Kuong Fat slots club to cease operations next week Summary Melco Resorts & Entertainment has announced it will close Grand Dragon Casino just before midnight on Monday 22 September 2025, and Mocha Kuong Fat slots club before midnight on Wednesday 24 September 2025. The Macao SAR Government approved […]

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Macau sets monthly tourism record with over 4.2M visitors in August

Macau sets monthly tourism record with over 4.2M visitors in August Summary Macau welcomed over 4.2 million visitors in August 2025, setting a new monthly record according to the Statistics and Census Service (DSEC). Total arrivals rose 15.5% year‑on‑year. Same‑day visitors increased 25.1% to about 2.55 million, while overnight visitors were up 3.4% to around […]

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Visitor arrivals to Macau hit record monthly high of 4,219,034 in August

Visitor arrivals to Macau hit record monthly high of 4,219,034 in August Summary Visitor arrivals to Macau reached a new record monthly high of 4,219,034 in August, a 15.5% increase year-on-year, according to the Statistics and Census Service (DSEC). Mainland China remained the largest source market with 3,257,874 visitors (+18.4% y/y). Hong Kong arrivals were […]

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MGM Resorts names long-term executive Steve Zanella as President and COO of Japan integrated resort MGM Osaka

MGM Resorts names long-term executive Steve Zanella as President and COO of Japan integrated resort MGM Osaka Summary MGM Resorts has appointed Steve Zanella — a 30-year veteran of the company — as President and COO of its Japan operations to lead the US$10 billion MGM Osaka integrated resort project on Yumeshima Island. The move […]

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