GGRAsia – Top of the deck

Top of the deck

Korea casinos upbeat even as Japan IRs loom: insiders

Jul 17, 2019 Newsdesk Features, Japan, Latest News, Rest of Asia, Top of the deck

The possibility that a first wave of Japan casino resorts could start opening from the mid-2020s should not damage the prospects of large-scale gaming resorts in neighbouring South Korea, several...

Ending Suncity proxy overseas not Macau gain: GS

Jul 17, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Even if the Suncity junket brand stopped so-called “proxy betting” operations at casinos outside Macau – following claims in Chinese state-backed media that the brand was linked to...

Melco venture opens third satellite casino in Cyprus

Jul 17, 2019 Newsdesk Latest News, Top of the deck, World

Cyprus Casinos says it has opened its third satellite casino, in the Cypriot resort town of Ayia Napa. Cyprus Casinos issued on Monday a written announcement saying the new satellite casino, called...

2Q sees Macau mass GGR again take lead: govt

Jul 16, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau VIP baccarat gross gaming revenue (GGR) fell 15.6 percent year-on-year in the second quarter, according to government data released on Tuesday. The rate of VIP decline was offset by the...

Brokers estimate Macau GGR so far in July US$1.43bln

Jul 16, 2019 Newsdesk Latest News, Macau, Top of the deck

Sanford C. Bernstein Ltd estimates that gross gaming revenue (GGR) in Macau casinos amounted to about MOP11.5 billion (US$1.43 billion) in the first two weeks of July, flowing in at the rate of about...

Aruze promotes Martha Schuessler to global finance VP

Jul 16, 2019 Newsdesk Latest News, Top of the deck, World

Casino gaming equipment supplier group Aruze says it has promoted Martha Schuessler to vice president of global finance. In her new role, she will be responsible for the “direction, integrity...

Existing Macau licensees should continue: Pansy Ho

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Pansy Ho Chiu King, co-chairperson and executive director of Macau casino operator MGM China Holdings Ltd, says the city’s six gaming concessionaires should remain in the market amid the process of...

Suncity launches VIP club at Macau satellite casino

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau junket firm Suncity Group said it had a “soft opening” of a new VIP gaming club (pictured) at Rio Hotel on Macau peninsula on Monday. The property is a satellite venue run by third-party...

MGM China share price offers MGM Cotai upside: JP Morgan

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

The “lacklustre” ramping up of business at MGM Cotai (pictured) had been “off-putting for many” investors, but the favourable pricing of the stock of the resort’s promoter, MGM China...

Macau 2Q tourist price index dip led by lower hotel costs

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s tourist price index recorded a year-on-year decrease of 1.39 percent in the second quarter of 2019, according to the latest data released on Monday by the city’s Statistics and Census...