GGRAsia – Newsletter

Macau govt studying potential introduction of tourist tax

Mar 26, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macao Government Tourism Office is studying the potential for introduction of a tourist tax to the city, said the bureau’s head, Maria Helena de Senna Fernandes, in comments over the weekend....

Aristocrat Leisure rejigs Macau setup

Mar 26, 2019 Newsdesk Industry Talk, Latest News, Macau, Top of the deck

Australian maker of slot machines Aristocrat Leisure Ltd says it has set up a limited liability company to handle its business in Macau. Aristocrat Leisure issued a written statement earlier this...

Okada Manila listing vehicle appoints interim president

Mar 26, 2019 Newsdesk Latest News, Philippines, Top of the deck

The corporate vehicle for the backdoor listing of equity in the Okada Manila casino resort in the Philippines has appointed an interim president. Asiabest Group International Inc told the Philippine...

MGM China, Melco gained VIP share in March: Nomura

Mar 26, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino operators MGM China Holdings Ltd and Melco Resorts and Entertainment Ltd “continue to gain share” in VIP gambling business in the city so far this month, suggests a Monday note from...

Philippine finance chief asks Pagcor to clarify POGO wages

Mar 25, 2019 Newsdesk Latest News, Philippines, Top of the deck

The Philippine Finance Secretary, Carlos Dominguez, has asked the country’s gaming regulator the Philippine Amusement and Gaming Corp (Pagcor) to investigate the true scale of average monthly wages...

Super typhoon a risk for Macau in 2019: weather bureau

Mar 25, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s weather forecasting service has warned that another “super typhoon” could impact the city this year. The Macao Meteorological and Geophysical Bureau used the term in its assessment,...

GEN Malaysia sells stake in Maxims casino operator, London

Mar 25, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Casino operator Genting Malaysia Bhd says it has disposed of its indirectly-held equity interest in the operator of Maxims, a club-style casino in London in the United Kingdom. Genting Malaysia told...

Fitch A- credit rating to Genting Las Vegas promoter

Mar 25, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Fitch Ratings Inc says it has given Resorts World Las Vegas LLC a long-term issuer default rating and senior unsecured rating of ‘A-’, with a stable outlook. On Thursday, Fitch issued a...

MGM links to finance group Orix for Osaka bid: reports

Mar 25, 2019 Newsdesk Japan, Latest News, Top of the deck

A senior executive from Japan’s Orix Corp, a financial services group, says the firm has reached an agreement with United States-based casino operator MGM Resorts International, to form a...

Credit play 60pct of biz at big Macau junkets: research

Mar 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Play via credit represents between 50 percent and 60 percent of VIP gambling business in the Macau market for several of the major junket brands, versus “more than 80 percent” in the previous...