GGRAsia – Macau

Macau

Macau April GGR to expand by at least 18pct: analysts

Apr 24, 2018 Newsdesk Latest News, Macau, Top of the deck

April gross gaming revenue (GGR) in the Macau market is heading for year-on-year growth of between 20 percent and 21 percent, but “could surprise on the upside,” said a Monday note from brokerage...

Macau Legend plans min US$300-mln further Laos input

Apr 24, 2018 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Hong Kong-listed casino services firm Macau Legend Development Ltd has confirmed to GGRAsia it is aiming to invest US$300 million to US$500 million across “several projects” in the...

Clean energy in 25pct of casino shuttles: Sands China

Apr 24, 2018 Newsdesk Latest News, Macau, Top of the deck

Sands China Ltd is the fourth of Macau’s six casino operators to give an update in recent weeks on policy regarding use of so-called “clean energy” vehicles for its shuttle bus services for...

March helps 1Q Macau visitor tally expand by 9pct

Apr 23, 2018 Newsdesk Latest News, Macau, Top of the deck

The number of visitor arrivals to Macau was up by 9.3 percent year-on-year in March, to just over 2.73 million. It meant that for the first quarter of 2018, the aggregate of arrivals rose 8.6 percent...

Macau police detain one local over crypto coin launch

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

Macau’s Judiciary Police said on Friday that a male Macau resident had been detained for alleged involvement in giving false information designed to attract public subscribers to a cryptocurrency...

Plenty of likely suitors for Wynn Macau Ltd: Telsey

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

The market does not know “how many” U.S. gaming companies might be welcome in Macau beyond the year 2022, when the final four of the city’s current six gaming concessions are due to expire,...

SJM to introduce clean-energy bus service in May

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

Macau casino operator SJM Holdings Ltd announced on Thursday that one of its subsidiaries would introduce a so-called “new-energy” shuttle bus service in Macau starting from May 2018. The...

Macau junkets counter crypto coin firm’s biz claims

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

Several Macau junket operators have issued clarifications denying having either business relations or partnership with a company that on Tuesday announced at a Macau event the launch of an investor...

Wynn Macau seeks nod for share repurchase scheme

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

Macau casino operator Wynn Macau Ltd is to ask investors for a mandate to repurchase up to 10 percent of the total number of issued shares in the firm. Wynn Macau Ltd is majority-owned by...

Macau’s GDP to grow by 7pct in 2018: IMF

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

The International Monetary Fund (IMF) expects Macau’s gross domestic product (GDP) to grow by 7.0 percent this year and 6.1 percent in 2019, slightly slower than in 2017. The forecast was included...