GGRAsia – Latest News

First-reading vote on Macau gaming bill on Jan 24

Jan 19, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s Legislative Assembly (pictured) will conduct on Monday (January 24), during a plenary session, a formal first reading of the draft bill to amend the city’s gaming law, according to a...

AML checks of S.Korea casinos restart after pandemic pause

Jan 19, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

The Financial Intelligence Unit (FIU), a body under South Korea’s Financial Services Commission, is to resume inspection of the anti-money laundering (AML) compliance of nine casino venues on the...

Macau op yearly GGR target unexpected but ok: JP Morgan

Jan 19, 2022 Newsdesk Latest News, Macau, Top of the deck

A brokerage said on Tuesday it had been “caught… by surprise” concerning the Macau government’s proposal that gaming concessionaires should in the future each face a minimum annual target for...

S. Korea tech firm among 13 new AGEM members

Jan 19, 2022 Newsdesk Industry Talk, Latest News

Casino industry trade body the Association of Gaming Equipment Manufacturers (AGEM) said in a Tuesday statement that 13 new corporate members had joined the organisation, taking the tally to...

Macau plan for satellite casinos surprise says investor

Jan 19, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government’s proposal in its gaming regulatory bill, to have the city’s so-called “satellite” casino venues tie their premises to local gaming concessionaires, was...

Macau ops subject to govt assessment every 3 years

Jan 19, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau gaming concessionaires will be subject to a review by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, every three years, according to the draft of the gaming bill...

Cruise firm GEN HK flags most operations likely to cease

Jan 19, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino cruise ship operator Genting Hong Kong Ltd has on Tuesday asked a Bermuda court to wind up the company and appoint joint provisional liquidators, in an attempt to restructure its debts and...

Nevada nods IGT’s cashless gaming technology

Jan 19, 2022 Newsdesk Latest News, Trends & Tech

Casino equipment and digital gaming content provider International Game Technology Plc (IGT) says the firm’s cashless gaming technologies has completed “the final stages” of regulatory...

Junkets tied to single Macau op, sub-agents ok: gaming bill

Jan 18, 2022 Newsdesk Latest News, Macau, Top of the deck

Each Macau junket will only be allowed in future to work with a single Macau casino concessionaire, but so-called ‘sub-agents’ – people that collaborate with Macau junkets to...

Macau ops face yearly GGR targets, minimum tax pledge

Jan 18, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau gaming concessionaires will in the future each have a minimum annual target of casino gross gaming revenue (GGR) to meet, according to the draft gaming bill freshly tabled on the website of...