GGRAsia – Macau

Philippines to see fastest market expansion: J.P. Morgan

Oct 29, 2014 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Singapore, Top of the deck

The Philippines gaming market is likely to see the fastest market expansion among Asian jurisdictions, benefiting from a growing ability to penetrate the Chinese VIPs market and to attract a local...

Value added by gaming to Macau’s economy up 21 pct in 2013

Oct 29, 2014 Newsdesk Latest News, Macau

The gross value added by the gaming industry in Macau to the city’s economy increased by 21.2 percent in 2013 in year-on-year terms, to MOP225.87 billion (US$28.3 billion). The indicator measures...

Public Works boss retirement adds wild card to Cotai

Oct 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau’s Land, Public Works and Transport Bureau director Jaime Carion (pictured) will retire on November 1, the bureau said in a statement on Tuesday. Deputy director Chan Pou Ha will step in as...

Macau needs more migrant labour: Pansy Ho

Oct 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Pansy Ho Chiu King (pictured), co-chairperson of casino operator MGM China Holdings Ltd, says the Macau government must lessen restrictions on the hiring of migrant workers. Otherwise, the city’s...

Macau Legend granted 35 additional gaming tables

Oct 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Casino services firm Macau Legend Development Ltd said in a filing late on Tuesday that it had been granted “35 additional gaming tables” by the Macau government. “The board expects that the...

Steve Wynn ‘confused’ by October downturn in Macau

Oct 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Wynn Macau Ltd chairman and chief executive Steve Wynn (pictured) admits he is “confused” about Macau’s poor market performance so far in October. The latest analyst estimates point to a...

Sands China tells junkets no more proxy betting: source

Oct 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Sands China Ltd has contacted its junket partners in Macau casino operations to inform them that proxy betting – i.e., bets placed via telephone from gamblers not physically present on the property...

Wynn Macau 3Q casino revenue, profit down

Oct 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Wynn Macau Ltd posted drops both in operating revenue and in net profit during the third quarter of 2014, parent Wynn Resorts Ltd announced on Tuesday. Wynn Macau posted total operating revenue of...

Paradise Entertainment expands share buyback plan

Oct 28, 2014 Newsdesk Latest News, Macau, Top of the deck

Paradise Entertainment Ltd, parent of casino equipment maker LT Game Ltd, said in a filing on Tuesday that it has expanded its existing share buyback plan. The company plans to carry out “on-market...

Gaming directly employs one in five workers in Macau

Oct 28, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau’s gaming industry directly takes on 20.8 percent of the city’s employed population, show figures released by the government on Monday. Data from the Statistics and Census Service show that...