GGRAsia – Newsletter

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Apr 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s economy is projected to “rebound by 53 percent” this year, assuming a recovery in gross gaming revenue (GGR) “to about half” of pre- Covid-19 levels, said Fitch...

Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts

Apr 15, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Only two out of eight foreigner-only casinos on the South Korean holiday island of Jeju are currently operating, according to Thursday telephone enquiries by GGRAsia. As of mid-December, four out of...

Macau 1Q gaming tax take US$1.15 bln, down 50pct

Apr 15, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected just above MOP9.17 billion (US$1.15 billion) in tax revenue from the city’s gaming industry for the first three months of 2021. That figure was down 50.4 percent...

IMGL launches global magazine on gaming law

Apr 15, 2021 Newsdesk Industry Talk, Latest News, World

Non-profit organisation International Masters of Gaming Law (IMGL) has announced the launch of a global magazine dedicated to gaming law. The new publication – titled IMGL Magazine – replaces...

Novomatic’s 2020 EBITDA halved, posts yearly loss

Apr 15, 2021 Newsdesk Latest News, Top of the deck, World

Austria-based gaming equipment maker and operator Novomatic AG Group said group-wide earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at EUR305.9 million (US$365.9...

Macau subsidised staycation for locals covers casino resorts

Apr 14, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau residents can, starting from April 15 (Thursday), sign up at any of 161 accredited travel agencies in the city, in order to book a government-subsidised “staycation” at any of more than 70...

Macau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan

Apr 14, 2021 Newsdesk Latest News, Macau, Top of the deck

VIP gross gaming revenue (GGR) in the Macau market was “bad” in the first quarter, “hovering at circa 20 percent of pre- Covid-19 levels,” said a Wednesday note from JP Morgan Securities...

GEN Malaysia unit taps US$1bln in notes

Apr 14, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Genting Malaysia Bhd says that one of its units is to issue US$1.0 billion in 3.882-percent senior unsecured notes due 2031. The notes will be fully and unconditionally...

Cambodia’s Phnom Penh curfew extended to April 28

Apr 14, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

A nighttime curfew in Cambodia’s capital city, Phnom Penh, host of the NagaWorld casino resort, has been extended for an extra two weeks, to April 28. The nighttime curfew was first...

GLI names new SVPs, VPs, promotes engineers across world

Apr 14, 2021 Newsdesk Industry Talk, Latest News

Gaming technology compliance tester and consultancy, Gaming Laboratories International LLC (GLI), says it has promoted a number of executives, with James Maida, president and chief executive,...