GGRAsia – Newsdesk

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Jeju Lotte casino shut, ready for permit swap to Dream Tower

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Lotte Tour Development Co Ltd has closed its Jeju Lotte Tour Casino on the southern coast of the South Korean holiday island of Jeju, with effect from Friday morning. That was in preparation for...

GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

Apr 09, 2021 Newsdesk Latest News, Singapore, Top of the deck

Earnings before interest, taxation, depreciation and amortisation (EBITDA) at casino operator Genting Singapore Ltd are likely to remain below 2019 levels this year and in 2022. That is according to...

Guangdong urges cross-border bet criminals to surrender

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

The Public Security Department in mainland China’s Guangdong province has urged residents involved in “cross-border gambling crimes” to “turn themselves in” to the authorities by April...

Lawrence Ho awarded US$10mln in Melco Resorts shares

Apr 09, 2021 Newsdesk Latest News, Macau, Top of the deck

Lawrence Ho Yau Lung (pictured), chairman and chief executive of Macau casino operator Melco Resorts and Entertainment Ltd, has been awarded American depositary shares with a market value of US$10...

China probed 17,000-plus cross-border gambling cases

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Chinese police have investigated “more than 17,000 cross-border gambling and related cases” since 2020, when a series of national and special operations to tackle this type of activity was...

Macau, mainland bust gambler-targeted money scam ring

Apr 08, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s Judiciary Police announced on Thursday that they had broken up a scam ring allegedly specialising in the use of ‘bank-teller training notes’ (pictured) in order to cheat gamblers in...

Moody’s expects MGM, Wynn to pursue large IR development

Apr 08, 2021 Newsdesk Latest News, Macau, Top of the deck, World

Moody’s Investors Service Inc says it expects casino operators MGM Resorts International and Wynn Resorts Ltd to pursue new “large, high profile” development opportunities “around the...

Jeju governor nods casino permit transfer to Dream Tower

Apr 08, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Won Hee-ryong, governor of the Jeju Special Self-governing Province in South Korea, signed on Thursday morning a document considered mandatory before Lotte Tour Development Co Ltd can transfer its...

Melco Intl US$2mln in share options to directors, others

Apr 08, 2021 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Casino investor Melco International Development Ltd has granted share options to directors and “certain employees” of the company that are worth in aggregate about HKD16.4 million (US$2.1...

Macau daily visit volume down 17pct m-o-m for April 2 to 6

Apr 08, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau received nearly 100,000 visitors during the Easter and Ching Ming Festival holidays, according to the Macao Government Tourism Office. Mainland China – the only place currently to have a...