GGRAsia – Macau

Macau

‘Smuggled’ man tells police in Macau as tout

Jul 12, 2019 Newsdesk Latest News, Macau, Top of the deck

Mainlanders suspected of being illegal entrants to Macau paying as much as CNY28,000 (US$4,000) per trip to an alleged people-smuggling gang have told local police that they were in the city...

Licence clarity likely before new Wynn Palace spend: analyst

Jul 12, 2019 Newsdesk Latest News, Macau, Top of the deck

Brokerage Union Gaming Securities LLC doubts that United States-based casino group Wynn Resorts Ltd will need to spend much money on extending its Wynn Palace gaming resort (pictured) in Macau prior...

Casino logistics provider TKHS aims for global footprint

Jul 12, 2019 Newsdesk Interviews, Latest News, Macau, Philippines, Rest of Asia

Asia-based casino logistics provider TKHS Group has plans to increase its reach to other parts of the world. So says the firm’s executive director, Samuel Wilson. “I see us really transforming...

Suncity Macau tender hopes hurt by online row: scholar

Jul 11, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

The Suncity brand’s hopes of winning a Macau casino licence in an expected public retender process – due because the city’s six existing concessions expire in 2022 – may have been dealt a...

Wynn forecast for Crystal Pavilion aggressive: analysts

Jul 11, 2019 Newsdesk Latest News, Macau, Top of the deck, World

Casino operator Wynn Resorts Ltd’s estimate for incremental earnings from its just-announced US$2-billion first extension phase at Wynn Palace in Macau “seems a bit aggressive,” said a...

Melco Resorts unit raising US$600mln via notes offering

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

Melco Resorts Finance Ltd says it has priced at 100 percent its international offering of US$600 million worth of 5.625 percent senior notes due 2027. The company issued on Wednesday a written...

Konami’s Fortune Cup adds variety to Asia casinos: exec

Jul 11, 2019 Newsdesk Latest News, Macau, Rest of Asia, Trends & Tech

Casino equipment brand Konami’s horse racing game “Fortune Cup” is a refreshing feature for customers on casino floors in Asia, says Matthew Loon (pictured), product and marketing manager for...

Regulator meets Macau casino ops on Suncity online scandal

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

The Macau gaming regulator met on Wednesday with representatives from the city’s six casino operators. The meeting followed media reports in mainland China that Macau junket investor Suncity Group...

Wynn Resorts unveils US$2bln Wynn Palace extension

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

Casino operator Wynn Resorts Ltd announced on Wednesday in the United States plans for its long-anticipated expansion of its Macau casino resort Wynn Palace. The glass and steel Crystal Pavilion...

US$600mln impairment flagged by The 13 Macau backer

Jul 10, 2019 Newsdesk Latest News, Macau, Top of the deck

South Shore Holdings Ltd, the developer of The 13 Hotel, a Macau facility that aspires to have a casino, has warned shareholders it expects to have made a bigger loss in its financial year ended...