GGRAsia – Latest News

Macau drops professional secrecy override from junket bill

Aug 16, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government has dropped a ‘duty of collaboration’ proposal from the consolidating bill to regulate junket operators and management companies, but wishes to add to the draft bill powers...

PH Resorts still in talks on investment by Bloomberry

Aug 16, 2022 Newsdesk Latest News, Philippines, Top of the deck

Philippine casino developer PH Resorts Group Holdings Inc said in its second-quarter results on Monday “due diligence” was “ongoing” regarding a proposal that another of the country’s...

Travellers International 2Q GGR up 25pct sequentially

Aug 16, 2022 Newsdesk Latest News, Philippines, Top of the deck

Travellers International Hotel Group Inc, the owner and operator of the Newport World Resorts casino complex, reported second-quarter gross gaming revenue (GGR) of PHP8.2 billion (US$147 million), up...

Suntrust has 2Q loss, Westside City 2024 opening on track

Aug 16, 2022 Newsdesk Latest News, Philippines, Top of the deck

Suntrust Resort Holdings Inc had a second-quarter net loss amounting to PHP255.1 million (US$4.6 million), it said in a Monday filing to the Philippine Stock Exchange. Suntrust Resort – formerly...

Suncity listco gets nod for name change to LET Group

Aug 16, 2022 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed Suncity Group Holdings Ltd, an investor in a number of Asia-Pacific casino resort projects, says that on Monday it won shareholder approval for a change of name, to LET Group...

Macau GGR 8-14 Aug US$10mln/day, up 120pct: brokerage

Aug 16, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s average daily casino gross gaming revenue (GGR) for the week ended 14 August stood at MOP79 million (US$9.9 million), up 120 percent from the MOP36 million per day in the first week of the...

Macau bill still lets junkets process patron cash, chips

Aug 15, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau plans to allow in future junket operators and their collaborators to deposit cash or gaming chips on behalf of their patrons, provided such processing is only via customer accounts established...

Success Universe 1H loss to double, Ponte 16 ops improving

Aug 15, 2022 Newsdesk Latest News, Macau, Top of the deck

Success Universe Group Ltd, an investor in Macau casino hotel Ponte 16 (pictured in a file photo), says it expects the firm’s consolidated loss for the first half to be at least double – and...

$Casino op NagaCorp repurchases fraction 2024 senior notes$

Casino op NagaCorp repurchases fraction 2024 senior notes

Aug 15, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Cambodian casino operator NagaCorp Ltd says it has repurchased “on the open market” a small portion of some senior notes due to mature in July 2024. In a Friday filing to the Hong Kong Stock...

Gaming tech specialist Asia Pioneer 1H loss up 4pct y-o-y

Aug 15, 2022 Newsdesk Industry Talk, Latest News

The interim loss attributable to the owners at Asia Pioneer Entertainment Ltd widened by 3.9 percent year-on-year, to HKD9.76 million (US$1.2 million), the firm said in a Friday filing to the Hong...