GGRAsia – Newsletter

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...

Macau tour trade returns at historic areas, resorts says govt

Feb 06, 2023 Newsdesk Latest News, Macau, Top of the deck

On Monday (February 6) the first day of resumed tour-group business to Macau after a circa three-year suspension amid the Covid-19 pandemic, the city received six parties of visitors from the Chinese...

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Cambodia’s tax authorities have reminded the respective managements of commercial gambling operations to declare all non-gaming business activities and pay appropriate taxes on them. The General...

Cyprus president says Melco CoD Mediterranean to aid nation

Feb 06, 2023 Newsdesk Latest News, Top of the deck, World

The President of the Republic of Cyprus, Nicos Anastasiades, says he expects the launch of integrated resort City of Dreams Mediterranean to bring “obvious benefits to the country’s economy”,...

LET Group seeks US$6 million in funds via share placement

Feb 06, 2023 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed LET Group Holdings Ltd plans to raise up to HKD48.5 million (US$6.2 million) in net proceeds from a placement of up to 269 million shares at a placing price of HKD0.186 apiece. The...

Return of tours good for mass floor traffic: observers

Feb 03, 2023 Newsdesk Latest News, Macau, Top of the deck

The imminent return of package tours from mainland China will not only help boost Macau’s tourism businesses, but is also expected to help casinos gain more foot traffic in their mass gaming...

S.Korea casino op GKL’s January sales up 230pct y-o-y

Feb 03, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino sales at Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, rose by 230.2 percent year-on-year in January, to nearly KRW32.09 billion (US$26.1...

Aristocrat completes acquisition of Roxor Gaming

Feb 03, 2023 Newsdesk Industry Talk, Latest News

Slot-machine maker and game-content provider Aristocrat Leisure Ltd says it has completed the acquisition of Roxor Gaming Ltd, a game developing company based in London, in the United Kingdom. The...

Mainland tour groups to Macau to resume Feb 6: govt

Feb 03, 2023 Newsdesk Latest News, Macau, Top of the deck

Package tours from mainland China to Macau will resume from Monday, February 6, confirmed Macau’s Secretary for Economy and Finance, Lei Wai Nong, in a Friday press conference. The return of...

Jaw-dropping wagers in Macau CNY survey: Citigroup

Feb 02, 2023 Newsdesk Latest News, Macau, Top of the deck

The tally of Macau gamblers was “down” in a casino floor-based January survey of the city’s premium mass and mass table games segments, but “average bet size was much higher” than in a...