GGRAsia – Macau

Macau

Casino services firm Macau Legend slips into red in 1H

Aug 23, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Hong Kong-listed casino services firm Macau Legend Development Ltd recorded a HKD107.5-million (US$13.7-million) loss for the first half of 2019, the company said on Thursday. That compares to a...

Paradise Ent 1H profit slides 23pct despite higher revenue

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

First-half profit at casino equipment and casino management services firm Paradise Entertainment Ltd fell 23.2 percent year-on-year, on revenue that actually rose 5 percent. The board of the Hong...

Macau casino dealer tally up nearly 5pct in 2Q

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

There were 25,213 dealers employed in the Macau casino industry at the end of the second quarter 2019, up 4.8 percent from the prior-year period, according to the latest survey on manpower needs and...

MGM waiting for Macau govt on face recognition tech: Bowie

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

Macau casino operator MGM China Holdings Ltd has yet to install any facial recognition technology at the company’s properties, says the firm’s chief executive Grant Bowie. The company is...

Suncity listco expects to narrow first-half loss

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

Suncity Group Holdings Ltd, a Hong Kong-listed firm controlled by the boss of privately-held Macau casino junket brand Suncity Group, says it expects to narrow its first-half loss by “15 percent to...

Macau visitor non-gaming spend down nearly 5pct in 2Q

Aug 21, 2019 Newsdesk Latest News, Macau, Top of the deck

Visitors to Macau spent an aggregate of MOP15.71 billion (US$1.94 billion), excluding gaming expenses, in the second quarter 2019, down 4.8 percent year-on-year, according to the latest visitor...

Singapore, Macau regulators talk supervision at symposium

Aug 21, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

Singapore’s Casino Regulatory Authority is hosting next week the 5th Singapore Symposium on Gambling Regulation and Crime. The event, taking place on 29 and 30 August in Singapore, features a...

Macau hotel room rates up in July, year-to-date: trade body

Aug 21, 2019 Newsdesk Latest News, Macau, Top of the deck

The average cost of a Macau hotel room increased by 3.9 percent in July compared to the prior-year period, as the average hotel occupancy for the period also went up by 0.4 percentage points, to 93.5...

HK airport closure no impact on Macau weekly GGR: analysts

Aug 20, 2019 Newsdesk Latest News, Macau, Top of the deck

The temporary closure of Hong Kong International Airport on August 12 and 13 in relation to protests that have been affecting that city, did not hurt gross gaming revenue (GGR) in Macau for the...

HK protests to have small impact on Macau GGR: JP Morgan

Aug 16, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

JP Morgan Securities (Asia Pacific) Ltd says it expects the protests that have been taking place for several weeks in Hong Kong to have a minor negative impact on Macau’s casino gross gaming...