GGRAsia – Latest News

Casino closures cost Donaco up to US$900k a month: filing

Apr 07, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed casino operator Donaco International Ltd says it expects a “cash burn run rate”of between US$800,000 and US$900,000 per month during the temporary closure of its two...

Philippines says Luzon lockdown extended to April 30

Apr 07, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Philippine authorities have extended the anti-coronavirus lockdown of the country’s main island Luzon until April 30, according to a government statement on Tuesday (April 7). The...

Nagasaki says still plans casino RFP launch during spring

Apr 07, 2020 Newsdesk Japan, Latest News, Top of the deck

Japan’s Nagasaki prefecture still plans “this spring” a request-for-proposal (RFP) phase to find private-sector partners in its tilt at having a casino resort. That is according to...

Asia Pioneer warns Apac casino closures could hurt its biz

Apr 07, 2020 Newsdesk Industry Talk, Latest News, Philippines, Rest of Asia

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd says it expects the novel coronavirus pandemic to have a “material adverse impact” on the group’s financial performance and interim...

S.Korea GKL sees casino sales fall 72pct in March

Apr 07, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino revenue at Grand Korea Leisure Co Ltd (GKL), a South Korean operator of foreigner-only casinos, fell 72.0 percent year-on-year in March, the company said in a Monday filing to the Korea...

Macau GGR plummets on tougher travel rules: brokerage

Apr 07, 2020 Newsdesk Latest News, Macau, Top of the deck

Brokerage Sanford C. Bernstein Ltd has suggested Macau casino gross gaming revenue (GGR) has “plummeted” since mid-March due to a ramping up of travel restrictions by respectively the Macau...

South Shore struggles as bank seeks US$381mln repayment

Apr 07, 2020 Newsdesk Latest News, Macau, Top of the deck

South Shore Holdings Ltd, the promoter The 13 Hotel (pictured) in Macau, says it has applied for a “standstill” with one of its lenders. The move is in order to restrain that bank from...

Macau gaming non-res workers down 191 in Feb, March

Apr 06, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau has seen a net reduction of 191 non-resident workers employed in the local gaming industry during the months of February and March, according to figures provided to GGRAsia by the city’s...

Macau gaming doubtful transactions down 30pct 1Q: govt

Apr 06, 2020 Newsdesk Latest News, Macau, Top of the deck

The Macau gaming sector’s total number of suspicious transaction reports (STRs) for the first quarter 2020 declined by 29.8 percent year-on-year. Such reports numbered 356, compared to 507 in the...

Foreigner-only casinos in S. Korea extend closures

Apr 06, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Two South Korean operators of foreigner-only casinos there have extended the shutdown of their gaming operations in line with the country’s effort at curbing the further spread of the Covid-19...