GGRAsia – Top of the deck

Casinos open but Macau Feb GGR to fall 80pct: brokerage

Feb 18, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

February casino gross gaming revenue (GGR) in Macau is likely to decline by more than 80 percent in year-on-year terms. That is despite a decision by the Macau government not to extend the current...

Macau casinos can reopen from Thursday: govt

Feb 17, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

The Macau government has decided not to extend the current closure of the city’s casino industry. So said Lei Wai Nong, the city’s Secretary for Economy and Finance, during a Monday government...

Galaxy Ent still pursuing Japan bid after Osaka exit: Lui

Feb 17, 2020 Newsdesk Japan, Latest News, Top of the deck

Francis Lui Yiu Tung (pictured in file photo), vice-chairman of Hong Kong-listed Macau casino operator Galaxy Entertainment Group Ltd, confirmed in a Monday company statement that it was still...

NSW to appeal Melco win over Crown probe: report

Feb 17, 2020 Newsdesk Latest News, Top of the deck, World

The New South Wales (NSW) government is reportedly to appeal against a decision by the Australian state’s Supreme Court that a local regulatory inquiry into Crown Resorts Ltd’s suitability for a...

Akimoto says was not bribed by Japan IR lobbyists

Feb 17, 2020 Newsdesk Japan, Latest News, Top of the deck

Japanese politician Tsukasa Akimoto - charged on two occasions recently with bribery but released on bail last week regarding alleged payments from a Chinese firm that had reportedly lobbied in...

Coronavirus not G2E Asia 2020 threat for now: organiser

Feb 17, 2020 Newsdesk Industry Talk, Latest News, Macau, Top of the deck

The organiser of this year’s Global Gaming Expo (G2E) Asia, a casino industry trade fair and conference due to be held in Macau from May 19 to 21, has told GGRAsia that “at the current stage”...

Universal Ent dips to 2019 loss despite Okada Manila boost

Feb 17, 2020 Newsdesk Japan, Latest News, Philippines, Top of the deck

Japanese gaming conglomerate Universal Entertainment Corp swung to a net loss in year ending December 31, it said in a Friday filing. Such loss was JPY5.19 billion (US$47.3 million) compared to a...

MGM-Orix sole qualified partner for Osaka in its IR effort

Feb 15, 2020 Newsdesk Japan, Latest News, Top of the deck

A consortium consisting of United States-based casino operator MGM Resorts International and Japanese financial services group Orix Corp has been identified as the sole qualified applicant to partner...

MGM Macau hotel operations suspended temporarily: govt

Feb 14, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

The hotel at the MGM Macau casino complex (pictured in a file photo) is to have operations suspended with effect from Friday (February 14), a Macau government official said in a press briefing that...

Quarantine cabin fever to aid Macau rebound: Jefferies

Feb 14, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

“Cabin fever” linked to China-wide calls for citizens either to stay indoors or work from home during the coronavirus episode could lead to Chinese consumer demand for trips to Macau to rebound...