GGRAsia – Latest News

AGEM announces board of directors for 2021

Jan 14, 2021 Newsdesk Industry Talk, Latest News

The Association of Gaming Equipment Manufacturers (AGEM) has a new slate of officers, the group announced on Wednesday. It includes a new president, David Lucchese, executive vice president for...

Still Asia focus for LVS post chairman death: Bernstein

Jan 14, 2021 Newsdesk Japan, Latest News, Macau, Singapore, Top of the deck

The death on Monday of Sheldon Adelson, founding chairman and chief executive of casino operator Las Vegas Sands Corp (LVS), and the elevation days before, of Rob Goldstein as acting chairman and...

Melco GGR up 94pct in Oct-Nov, prices US$250mln notes

Jan 14, 2021 Newsdesk Latest News, Macau, Top of the deck

Melco Resorts Finance Ltd, a unit of Melco Resorts and Entertainment Ltd, said in a Wednesday filing in the United States that combined gross gaming revenue (GGR) in Macau during October and...

Sheldon Adelson, self-declared casino industry iconoclast

Jan 13, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

A favourite saying of casino entrepreneur Sheldon Adelson, whose death was announced on Tuesday, was: “You have to challenge the status quo, you have to change the status quo, and if you change it...

Quality fake chips sold online found at Macau casino

Jan 13, 2021 Newsdesk Latest News, Macau, Top of the deck

Some fake chips created for casino play, carrying an “SJM” logo on the tags, were found at a Macau casino, with the scammers eventually able to cash out some value in legitimate chips, resulting...

Macau casino 4Q 2020 EBITDA up 140pct on 1Q: MS

Jan 13, 2021 Newsdesk Latest News, Macau, Top of the deck

Banking group Morgan Stanley expects Macau casino industry earnings before interest, taxation, depreciation and amortisation (EBITDA) will have risen 140 percent in the fourth quarter, compared to...

Macau airport 2020 passenger volume down 88 pct y-o-y

Jan 13, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau International Airport handled 1.17 million passenger movements for full-year 2020; nearly half of them involving inbound and outbound passengers from mainland China, the airport operator told...

RWG cuts capacity, offerings amid Malaysia partial lockdown

Jan 13, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Malaysian casino complex Resorts World Genting (RWG) at Genting Highlands near the nation’s capital Kuala Lumpur, said in a notice that it would reduce its capacity and temporarily suspend some...

Casino entrepreneur Sheldon Adelson dies aged 87

Jan 12, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Sheldon Adelson (pictured in a file photo), the founding chairman and chief executive of casino operator Las Vegas Sands Corp, died on Monday night aged 87, reportedly at his home in Malibu,...

Suncity Macau VIP roll 20pct of pre-Covid level: GS

Jan 12, 2021 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Privately-held casino junket business Suncity Group has “so far” only seen its rolling chip volume recover to “approximately 20 percent of pre Covid-19 levels in Macau,” says a Monday memo...