GGRAsia – Newsdesk

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Japan’s IR Bill passes into law, main work starts now

Jul 20, 2018 Newsdesk Japan, Latest News, Top of the deck

Japan’s Integrated Resorts (IR) Implementation Bill passed into law on Friday evening after a plenary session of the upper house of the country’s parliament. The passage of the second of two...

Galaxy Ent to pay one-off bonus to 97pct of non-mgmt staff

Jul 20, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd announced on Friday what it termed a “one-off special discretionary bonus” equal to one month of base salary and guaranteed tips (if...

Galaxy Entertainment claims training scheme first

Jul 20, 2018 Newsdesk Industry Talk, Latest News

Macau casino operator Galaxy Entertainment Group Ltd (GEG) has started a training programme for about 7,000 of its employees. The firm said it was the biggest occupational qualification programme in...

Macau GGR growth to ease, mass ramps up: Bernstein

Jul 20, 2018 Newsdesk Latest News, Macau, Top of the deck

Growth in Macau gross gaming revenue (GGR) will trend downwards from the fourth quarter onwards, according to Sanford C. Bernstein Ltd. The brokerage says Macau’s GGR is “now entering a...

Macau gaming tax revenue up 19pct in first half 2018

Jul 20, 2018 Newsdesk Latest News, Macau, Top of the deck

The Macau government’s take from direct taxes on gaming increased by 18.9 percent year-on-year in the first six months of 2018, show provisional data disclosed on Thursday by the city’s Financial...

Devil in detail for sales tax on GEN Malaysia: analysts

Jul 20, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Global casino operator Genting Malaysia Bhd is to be subjected to a Sales and Services Tax (SST) on operations at its domestic facility Resorts World Genting (pictured) in Genting Highlands,...

Tiger Palace Nepal record gaming numbers for June

Jul 20, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Tiger Palace Resort at Bhairahawa in Nepal (pictured), the first purpose-built, self-managed property of boutique Asian casino operator Silver Heritage Group Ltd, produced record gaming floor numbers...

Japan casino bill upper house committee nod, vote Friday

Jul 19, 2018 Newsdesk Japan, Latest News, Top of the deck

Japan’s second piece of enabling legislation for establishing a domestic casino industry, the Integrated Resorts (IR) Implementation Bill, passed on Thursday its penultimate hurdle according to...

SJM awaits Macau govt view on concession extension: CEO

Jul 19, 2018 Newsdesk Latest News, Macau, Top of the deck

Ambrose So Shu Fai (pictured), vice-chairman and chief executive at Macau casino operator SJM Holdings Ltd, told local media on Thursday that the firm would wait for the Macau government’s...

PhilWeb swaps stock for rights to e-Games venue

Jul 19, 2018 Newsdesk Latest News, Philippines, Top of the deck

Philippine gaming parlour operator PhilWeb Corp has acquired an e-Games venue near Manila for a consideration equal to PHP3 million (US$56,122), PhilWeb told the country’s Stock Exchange. The...