GGRAsia – Newsdesk

Author Archive: Newsdesk

Challenges of banking on Macau ‘premium mass’

Sep 20, 2019 Newsdesk Features, Latest News, Macau

Premium mass, a Macau casino betting segment that carries no standard definition among Macau’s six operators, is nonetheless presented by the industry as a significant and growing contributor...

Success Dragon replaces chairman cum chief executive

Sep 20, 2019 Newsdesk Industry Talk, Latest News

Success Dragon International Holdings Ltd, a manager of electronic gaming machines in Macau, said on Friday its chairman and chief executive, Roy Kwan Chun Wai, had resigned from both roles. He also...

A sharp rise in casino op tally not good for Macau: Rui Cunha

Sep 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Veteran Macau-based lawyer Rui Cunha says the city lacks capacity to deal with a potential sharp jump in the number of casino licence holders as part of the anticipated retender process for Macau...

NagaCorp to see 30pct VIP gambling growth in 2019: analyst

Sep 20, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

NagaCorp Ltd’s “defensive” approach to high-roller gambling business at its NagaWorld casino complex (pictured) in the Cambodian capital Phnom Penh is likely to help it achieve 30-percent...

Macau has nine hotels with 1,000 or more rooms: govt

Sep 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau had nine hotel complexes with 1,000 or more rooms each, as of December 31; one more than in the previous year, show data from the city’s Statistics and Census Service. All were associated...

Japan 10 yr casino permit obstacle for bank finance: Fitch

Sep 19, 2019 Newsdesk Japan, Latest News, Top of the deck

Japan’s requirement that any casino operating licences issued in that country be subject to a renewal process every 10 years is the “biggest obstacle to securing bank financing” for schemes...

Suncity revamped Galaxy Macau VIP club reopens Sept 24

Sep 19, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau VIP gambling junket brand Suncity Group has confirmed to GGRAsia via email that it will host a reopening ceremony on September 24 for a refurbished Suncity VIP Club at Galaxy Macau (pictured),...

SJM took part in Japan casino RFI phases: Arnaldo Ho

Sep 19, 2019 Newsdesk Japan, Latest News, Macau, Top of the deck

Macau’s SJM gaming marque remains interested in the opportunity to have a casino resort in Japan, and has participated in request-for-information (RFI) processes staged by some of that country’s...

Melco says priority Yokohama, drops Osaka as Japan target

Sep 19, 2019 Newsdesk Japan, Latest News, Macau, Top of the deck

Asian casino operator and developer Melco Resorts and Entertainment Ltd says it will adopt a “Yokohama First” policy in its pursuit of a Japan casino licence. The firm says it has ended its...

Las Vegas Sands appoints Chinese exec Xuan Yan to board

Sep 19, 2019 Newsdesk Latest News, Macau, Top of the deck, World

U.S.-based casino developer Las Vegas Sands Corp announced on Wednesday the appointment of Xuan Yan to the firm’s board. The company is the parent of Macau casino operator Sands China Ltd. “Mr...