GGRAsia – Latest News

Latest News

Philippines could get more CoD casinos: Premium Leisure

Apr 23, 2019 Newsdesk Latest News, Philippines, Top of the deck

A proposal to open more casino properties in the Philippines under the moniker ‘City of Dreams’ is under consideration. That is according to the Philippine Star newspaper on Tuesday, citing...

Lucky Dragon in Vegas sold for US$36mln for non gaming

Apr 23, 2019 Newsdesk Latest News, Top of the deck, World

What was in retrospect the misnamed Lucky Dragon casino hotel in Las Vegas, Nevada, has been sold for US$36 million to a local businessman, reports the Las Vegas Review-Journal newspaper, citing...

April Macau GGR dip likely, despite Easter uptick: analysts

Apr 23, 2019 Newsdesk Latest News, Macau, Top of the deck

The average daily rate of Macau casino gross gaming revenue (GGR) for the third week of April improved compared to earlier in the month to MOP800 million (US$99 million), “partly on higher...

Portion of Saipan resort part-open 3Q: Imp Pacific

Apr 23, 2019 Newsdesk Latest News, Top of the deck, World

Imperial Pacific International Holdings Ltd says a portion of the casino resort development it is currently building on the island of Saipan will “partially” open by September 30. The...

Sci Games seeks up to US$405mln via social gaming biz IPO

Apr 23, 2019 Newsdesk Industry Talk, Latest News, Top of the deck

Scientific Games Corp, a United States-based casino equipment maker and lottery services company, announced on Monday the start of an initial public offering of a minority interest in its social...

Macau gaming tax revenue up 6pct in 1Q

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau authorities collected more than MOP29.64 billion (US$3.67 billion) in revenue from the gaming industry in the first three months of 2019. Data released by the Financial Services Bureau,...

Macau VIP to continue weak as mass builds: observers

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s mass-market casino play, which accounted for half of the city’s first-quarter gross gaming revenue (GGR) – a record high since records have been kept – is likely to continue to do...

Casino frontrunner cities in Japan vote pro-IR candidates

Apr 22, 2019 Newsdesk Japan, Latest News, Top of the deck

Several Japanese cities thought to be in the running to apply to the national government for the right to host a casino resort, had good showings for pro-casino candidates in local elections held...

APE parent warns of 1Q loss as operating costs rise

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Asia Pioneer Entertainment Holdings Ltd is warning investors that it expects to have made a loss in the first quarter of 2019 that is even bigger than the net loss of HKD1.7 million (US$216,619) it...

Addict rules for pachinko first, before Japan casinos arrive

Apr 22, 2019 Newsdesk Japan, Latest News, Top of the deck

Details of the so-called “basic plan” to tackle the public policy issue of gambling addiction in Japan were revealed by Japan’s cabinet on Friday. A spur for such an anti-addiction scheme is...