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Japan Approves Rules for Resorts With Casinos – Skift

Japanese Prime Minister Shinzo Abe’s cabinet approved regulations for gambling resorts, the first of which could open in Osaka as soon as 2024 and provide a new source of tax revenue. Japan legalized casinos in 2016 and passed another bill in 2018 that laid out a roadmap for gaming. The …

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Uber Buys Middle East Rival Careem for $3.1 Billion – Skift

Uber Technologies CEO Dara Khosrowshahi has cut the largest deal of his tenure, buying Middle Eastern ride-hailing competitor Careem Networks for $3.1 billion. Uber will pay Dubai-based Careem $1.4 billion in cash and another $1.7 billion in convertible notes when the deal closes, the two companies said in a statement. …

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Combating Overtourism Requires a More Holistic Approach – Skift

As destinations attempt to cope with the burden of increased tourism growth, foundational work is being done to develop methods for planners and administrators to create a more sustainable future. A new report from EplerWood International, The Travel Foundation, and Cornell’s SC Johnson College of Business examines the complexities that …

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Asiana Airlines Faces Accounting Questions – Skift

Concern about Asiana Airlines Inc.’s liquidity is rising after two rating firms warned its debt score may be cut to junk due to a lack of transparency in its 2018 financial report. The South Korean carrier’s BBB- rating, the lowest investment-grade level, was put on negative review by both Korea …

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