GGRAsia – Newsdesk

Macau casino GGR soared in final days of CNY: brokerages

Feb 23, 2021 Newsdesk Latest News, Macau, Top of the deck

Casino gross gaming revenue (GGR) in Macau surged in the last days of the Chinese New Year holiday period, according to industry checks by two brokerages. The positive performance has continued into...

Macau removes last mainland cities from its quarantine list

Feb 23, 2021 Newsdesk Latest News, Macau, Top of the deck

With effect from Tuesday (February 23), no city in mainland China is any longer considered by the Macau authorities to be ‘medium risk’ for transmission of Covid-19 infection. As a result, no...

Macau Legend aims at licensee status: Melinda Chan

Feb 22, 2021 Newsdesk Latest News, Macau, Top of the deck

A senior executive at Macau Legend Development Ltd said on Monday that the casino-services and hotel-operations firm is aiming at being a Macau gaming concessionaire in its own right, with its revamp...

NagaCorp respects host places when plans resorts: chair

Feb 22, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

The chairman of casino investor NagaCorp Ltd has told GGRAsia the firm is “always mindful of respecting the host country and the environment” in which the company operates, when considering a...

Suncity listco US$24mln cash under China property disposal

Feb 22, 2021 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Suncity Group Holdings Ltd is to receive a cash payment of circa CNY155.3 million (nearly US$24.03 million) for disposal of a loss-making mainland China property development and leasing firm with...

GEG in US$1.6bln construction deal on Galaxy Macau Phase 4

Feb 22, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd (also known as GEG) has signed a MOP13.01-billion (US$1.63-billion) deal with a local unit of China State Construction International Holdings Ltd...

Average Macau hotel occupancy 48pct in CNY, rates down

Feb 19, 2021 Newsdesk Latest News, Macau, Top of the deck

The average occupancy rate of hotels and guesthouses in Macau declined by 4.6 percentage points year-on-year to 48.3 percent during the week-long Chinese New Year (CNY) break. Room rates across all...

Caesars out of Korea, ex-partner R&F asks 3yr delay

Feb 19, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

United States-based casino brand Caesars Entertainment has disposed of its entire stake in a planned casino scheme for Incheon, South Korea, to its former partner, Hong Kong-listed Guangzhou R&F...

Outlook solid on mulled Okada Manila Spac IPO: analysis

Feb 19, 2021 Newsdesk Japan, Latest News, Philippines, Top of the deck

Universal Entertainment Corp’s idea for a stock-market listing in the United States of its Philippine casino resort, Okada Manila, via a special-purpose acquisition company (Spac), could be an...

Macau 2020 gaming tax take US$3.7bln, down 74pct

Feb 19, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected nearly MOP29.81 billion (US$3.73 billion) in tax revenue from the city’s gaming industry in full-year 2020. That figure was down 73.6 percent compared to 2019,...