GGRAsia – Macau

Macau

Smoking patrols soar in casinos year to Oct: Macau govt

Nov 11, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau Health Bureau staff conducted 1,058 joint patrols of the city’s gaming floors alongside officials from the local casino regulator in the first 10 months of 2019. The tally was up 45.9...

MGM China dropped from MSCI Hong Kong Index

Nov 08, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator MGM China Holdings Ltd will be removed from the MSCI Hong Kong Index. The announcement was made on Thursday by MSCI Inc, the entity that compiles the index. No reason for...

Opening Japan casino market will take time: Wynn CEO

Nov 07, 2019 Newsdesk Latest News, Macau, Top of the deck

The process of establishing in Japan casino complexes – or integrated resorts (IRs) as they are known there – “is going to be a longer process than a lot of people are anticipating”. That is...

Asia Pioneer Jan-Sept rev up, loss widens on higher costs

Nov 07, 2019 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd said its loss for the first nine months of 2019 widened, but the group expects an improvement in revenue and gross margins in the fourth...

Galaxy Ent 3Q top line earnings up 6pct, revenue slips

Nov 07, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd reported third-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HKD4.1 billion (US$524.0 million),...

3Q profit halves at Wynn Macau Ltd with VIP weak

Nov 07, 2019 Newsdesk Latest News, Macau, Top of the deck, World

Profit at Macau casino operator Wynn Macau Ltd more than halved year-on-year in the third quarter, on casino revenue that slipped 19.7 percent. Such profit was US$103.7 million, compared to US$223.50...

Paulo Martins Chan to head Macau DICJ for further year

Nov 06, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government has extended for a further year the tenure of Paulo Martins Chan (pictured in a file photo) as head of the city’s gaming regulator. According to an announcement published on...

VIP to account for only a third of Macau rev by 2022: analyst

Nov 06, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau VIP segment is likely to make a diminishing contribution – in proportional terms – to the city’s overall casino-related revenues in the next few years, a trend that has been in...

Galaxy Macau to have Andaz branded hotel, to open 1H 2021

Nov 05, 2019 Newsdesk Latest News, Macau, Top of the deck

Galaxy Entertainment Group Ltd plans to open in Macau in the first half of 2021 an Andaz hotel, a brand of Hyatt Hotels Corp. It will be the first collaboration between the hotel group and the Macau...

Low single digit growth for Macau gaming in 2020: Fitch

Nov 04, 2019 Newsdesk Latest News, Macau, Top of the deck

Fitch Ratings Inc is forecasting “low single-digit growth” for the Macau casino industry in 2020. So said Colin Mansfield, Fitch Ratings’ associate director, corporate ratings North America in...

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Asia Pioneer bullish on its long-term growth

Nov 14, 2019

Sponsored feature | Management at Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd expects its business to continue to expand, with the firm looking to build its presence in Macau and tap into new markets in Southeast Asia. So says Herman Ng Man Ho, company managing director and chief...