GGRAsia – Newsdesk

Melco likely to take on more debt for expansion: Moody’s

Jan 20, 2021 Newsdesk Latest News, Macau, Top of the deck

Moody’s Investors Service Inc says it expects the ratio of adjusted debt to earnings before interest, taxation, depreciation and amortisation (EBITDA) of Macau casino operators Melco Resorts and...

Visitors stayed longer in Macau in 2020, says govt

Jan 20, 2021 Newsdesk Latest News, Macau, Top of the deck

The average length of stay of visitors to Macau went up by 0.2 of a day year-on-year to 1.4 days in full-year 2020, with that of overnight visitors (2.8 days) rising by 0.6 of a day, according to...

Face tech ATMs in mainland’s Zhuhai near Macau say reports

Jan 19, 2021 Newsdesk Latest News, Macau, Top of the deck

Bank automated teller machines (ATMs) with facial recognition technology have been installed since Monday in some places in the mainland China city of Zhuhai, next door to Macau, according to several...

Investors see 2H Macau gain, rebound 2022: Bernstein

Jan 19, 2021 Newsdesk Latest News, Macau, Top of the deck

Investors in Macau casino stocks are looking beyond the current phase of market comeback, preferring to be focused on a possible “recovery in second half 2021 and rebound in 2022 with respect to...

MBS ArtScience Museum to host Star Wars exhibition

Jan 19, 2021 Newsdesk Latest News, Singapore, Top of the deck

The ArtScience Museum at the Marina Bay Sands (MBS) casino resort in Singapore, is to host a “Star Wars Identities” exhibition, from January 30 to June 13, according to a press release...

SuzoHapp splits off cash handling biz, focuses on gaming

Jan 19, 2021 Newsdesk Industry Talk, Latest News, Top of the deck, World

SuzoHapp Group says its cash-handling product business is being split from its “core” gaming-, amusement-, and sports betting-technology business. The group flagged the change in a Monday...

Wynn and Melco also flag bonus for Macau staff

Jan 19, 2021 Newsdesk Latest News, Macau, Top of the deck

A further two of Macau’s six casino operators announced on Monday extra payments for staff. Wynn Macau Ltd and Melco Resorts and Entertainment Ltd made public the news soon after MGM China Holdings...

Casino op MGM China to pay most staff discretionary bonus

Jan 18, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd announced on Monday that it was to pay a “discretionary bonus” to “eligible non-management” staff, adding that “over 90 percent” of its...

Casino op Silver Heritage to issue 53mln new shares

Jan 18, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed casino operator Silver Heritage Group Ltd said in a Monday filing it would raise just over AUD530,000 (US$406,492) in cash, by issuing slightly more than 53 million new, ordinary...

Grand Korea extends Seoul, Busan casino closures to Feb 1

Jan 18, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, said on Monday (January 18) its two Seoul venues and one Busan site will stay closed until 9am, on February...