GGRAsia – Macau

Morgan Stanley cuts Macau 2021 GGR tally again, by 23 pct

Sep 20, 2021 Newsdesk Latest News, Macau, Top of the deck

The Morgan Stanley banking group has cut again – this time by 23 percent – its estimate for Macau market casino gross gaming revenue (GGR) generated this year. The institution said the fresh...

Macau law proposals will not drive out junkets: Chau

Sep 20, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government’s suggested further regulation of the city’s junket operators, as part of plans to revise Macau’s gaming law, is not designed to “drive out” junkets from the local...

Success Dragon confirms new deals with two Macau casinos

Sep 20, 2021 Newsdesk Latest News, Macau, Top of the deck

Gaming services provider Success Dragon International Holdings Ltd is to “supply, set up and manage” a minimum of 120 slot machines and multi-terminal machine units in the slot halls of Macau...

Player deposits OK under Macau gaming law update: experts

Sep 17, 2021 Newsdesk Latest News, Macau, Top of the deck

The act of a patron leaving their deposits with a Macau casino, via the respective VIP host or a junket, should still be legitimate as long as the deposit funds involved are used only for gambling,...

Macau marketing in Chengdu to draw Golden Week tourists

Sep 17, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino-resort brands are taking part in a five-day marketing campaign, starting on September 23, in Chengdu, capital of China’s Sichuan province, to attract that city’s residents to...

Wynn Macau Ltd gets US$1.5bln loan, day after stock dives

Sep 17, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Wynn Macau Ltd has obtained a revolving loan facility totalling US$1.50 billion, “to refinance certain indebtedness of the group,” and “to fund ongoing working capital...

Macau police arrest suspect in US$12mln junket theft

Sep 16, 2021 Newsdesk Latest News, Macau, Top of the deck

The authorities in Macau have arrested an employee of one of the city’s VIP casino rooms, for the alleged theft of about MOP95.5 million (US$11.9 million) in deposits from over 70 clients. The...

Macau op HK stocks tumble over gaming law proposals

Sep 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Stocks of Macau casino operators fell substantially in the Hong Kong market on Wednesday after the Macau government announced the day before its proposed changes to the city’s gaming law framework....

Grand Lisboa Palace to open more restaurants this month

Sep 15, 2021 Newsdesk Industry Talk, Latest News, Macau

Grand Lisboa Palace, Macau’s newest casino resort, is to open two further restaurants this month, according to a Wednesday press release. The HKD39-billion (US$5-billion) casino complex, SJM...

No point fighting policy for Macau market: JP Morgan

Sep 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Brokerage JP Morgan Securities (Asia Pacific) Ltd said in a Wednesday note it was downgrading to “neutral/underweight”, from “overweight”, all Macau gaming stocks. This was due to a “policy...