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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...

GPI-Angel merger to be concluded on May 1: GPI

Apr 22, 2019 Newsdesk Industry Talk, Latest News, Top of the deck

United States-listed supplier of casino currency and equipment Gaming Partners International Corp (GPI) says the company’s merger with Japanese firm Angel Holdings GK, a specialist in the...

No need to delay gaming licences tender: Macau govt

Apr 18, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s Chief Executive, Fernando Chui Sai On (pictured), says there is no need to delay the launch of a fresh public tender process for gaming rights prior to the expiry in 2022 of the current...

Beijing nods Hengqin’s tourism island proposal

Apr 18, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China’s State Council, said the...

Macau lessons in Singapore casino biz revamp: experts

Apr 18, 2019 Newsdesk Features, Latest News, Macau, Singapore

Singapore’s thinking in extending the duopoly of its casino industry and that city-state’s decision to have incremental increases in its two-tier system for tax on gross gaming revenue...

Fresh investment might delay Genting deleveraging: Fitch

Apr 18, 2019 Newsdesk Japan, Latest News, Singapore, Top of the deck, World

Fitch Ratings Inc says Malaysian operator of casinos Genting Bhd “has the liquidity” to fund its existing development projects in Las Vegas, in the United States, and in Singapore. Any additional...