GGRAsia – Macau

Macau

Ending Suncity proxy overseas not Macau gain: GS

Jul 17, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Even if the Suncity junket brand stopped so-called “proxy betting” operations at casinos outside Macau – following claims in Chinese state-backed media that the brand was linked to...

2Q sees Macau mass GGR again take lead: govt

Jul 16, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau VIP baccarat gross gaming revenue (GGR) fell 15.6 percent year-on-year in the second quarter, according to government data released on Tuesday. The rate of VIP decline was offset by the...

Brokers estimate Macau GGR so far in July US$1.43bln

Jul 16, 2019 Newsdesk Latest News, Macau, Top of the deck

Sanford C. Bernstein Ltd estimates that gross gaming revenue (GGR) in Macau casinos amounted to about MOP11.5 billion (US$1.43 billion) in the first two weeks of July, flowing in at the rate of about...

Macau law firm, Japan Gaming Congress promoter join AGEM

Jul 16, 2019 Newsdesk Industry Talk, Latest News, Macau, World

The Association of Gaming Equipment Manufacturers (AGEM) says Macau law firm MdME Lawyers has joined its ranks. AGEM issued on Monday a written announcement saying its board of directors has granted...

Existing Macau licensees should continue: Pansy Ho

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Pansy Ho Chiu King, co-chairperson and executive director of Macau casino operator MGM China Holdings Ltd, says the city’s six gaming concessionaires should remain in the market amid the process of...

Suncity launches VIP club at Macau satellite casino

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau junket firm Suncity Group said it had a “soft opening” of a new VIP gaming club (pictured) at Rio Hotel on Macau peninsula on Monday. The property is a satellite venue run by third-party...

MGM China share price offers MGM Cotai upside: JP Morgan

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

The “lacklustre” ramping up of business at MGM Cotai (pictured) had been “off-putting for many” investors, but the favourable pricing of the stock of the resort’s promoter, MGM China...

Macau 2Q tourist price index dip led by lower hotel costs

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s tourist price index recorded a year-on-year decrease of 1.39 percent in the second quarter of 2019, according to the latest data released on Monday by the city’s Statistics and Census...

Macau casino STRs down 14pct in first half: watchdog

Jul 15, 2019 Newsdesk Latest News, Macau, Top of the deck

A Macau government anti-money laundering watchdog received 966 suspicious transaction reports (STRs) in the first half of this year from casinos and other gaming companies, down 14.4 percent compared...

Suncity boss says not wanted man, apologises to Macau govt

Jul 13, 2019 Newsdesk Latest News, Macau, Top of the deck

Alvin Chau Cheok Wa (pictured), chief executive of Macau junket brand Suncity Group, read out a short, prepared statement at a Saturday press conference in Macau, denying that the group’s...