GGRAsia – Latest News

Suncity junket had IT setup for multiplier bets: defendant

Sep 22, 2022 Newsdesk Latest News, Macau, Top of the deck

An ex-executive at former Macau junket business Suncity Group told the city’s Court of First Instance on Wednesday that the group had an information technology (IT) system that supported record...

Macau tourism boss cautious on autumn Golden Week

Sep 21, 2022 Newsdesk Latest News, Macau, Top of the deck

The head of Macau’s tourism bureau has expressed caution about the prospects for visitor volume to the city during the upcoming week-long holiday encompassing National Day on October 1. Maria...

HK inbound quarantine end no help if Macau’s kept says Wu

Sep 21, 2022 Newsdesk Latest News, Macau, Top of the deck

Even if Hong Kong drops its inbound quarantine soon, as hinted on Tuesday by that city’s Chief Executive, John Lee Ka-chiu, it would make little difference to Macau’s tourism sector, as long as...

MGM giving priority to Macau tender bid: Halkyard

Sep 21, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd has “no greater priority” than its bid for fresh 10-year gaming rights under the city’s related public tender, which had a September 14 deadline for...

Macau collects gaming tax revenue of US$30mln in August

Sep 21, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected in August just above MOP244.4 million (US$30.2 million) in fiscal revenue from direct taxes on gaming, according to the latest data released by the city’s...

Alvin Chau denies Suncity junket biz ran online betting

Sep 20, 2022 Newsdesk Latest News, Macau, Top of the deck

Alvin Chau Cheok Wa, a former major operator of Macau junkets and founder of privately-held Suncity Group, denied during a Macau court hearing on Tuesday having been involved in online betting...

Casino supplier Weike 1H biz back to 80pct pre-Covid: Tay

Sep 20, 2022 Newsdesk Industry Talk, Latest News, Top of the deck

Privately-held gaming equipment firm Weike Gaming Technology (S) Pte Ltd is one of a select group of companies to be licensed to supply the Singapore casino market. The firm has also been...

Some SJM Holdings directors applied for excess rights shares

Sep 20, 2022 Newsdesk Latest News, Macau, Top of the deck

A number of directors at Macau casino operator SJM Holdings Ltd has applied for excess rights shares following the firm’s launch of a rights issue at the end of August, according to the latest...

A Genting win in Macau could drag group recovery: S&P

Sep 20, 2022 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Were the Genting brand to win a gaming concession in Macau, it might “cloud” the group’s post-pandemic recovery, says a Monday note from S&P Global Ratings Inc. It was referring to the...

LET gets US$51mln loan, Summit Ascent shares as security

Sep 20, 2022 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed casino investor LET Group Holdings Ltd – formerly known as Suncity Group Holdings Ltd – has a deal for a HKD400-million (US$51.0-million) loan facility from four sources...