GGRAsia – Newsletter

Dec hotel occupancy highest since Jan 2020: Macau govt

Jan 28, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s average occupancy rate for hotels and guest houses for December reached 53.1 percent, the highest level since January 2020, when it stood at 79.4 percent according to Macua government data,...

Studio City likely to raise funds for liquidity needs: specialist

Jan 28, 2021 Newsdesk Latest News, Macau, Top of the deck

Lucror Analytics, a research company based in Singapore that focuses on high-yield credit, says it foresees Studio City Co Ltd “would have to raise more funds” in 2022, in order to “fulfil...

Mohegan teams with Oshidori for Nagasaki casino tilt

Jan 28, 2021 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck

United States-based tribal casino operator Mohegan Gaming and Entertainment has teamed with a Japan unit of Hong Kong-listed Oshidori International Holdings Ltd, for a tilt at creating a casino...

LVS expects substantial investment linked to Macau retender

Jan 28, 2021 Newsdesk Latest News, Macau, Top of the deck, World

United States-based casino group Las Vegas Sands Corp expects would-be bidders in the upcoming retender of gaming rights in Macau, will be required to commit to a “substantial capital...

Sci Games says ‘Singing Cats’ nodded in 9 APAC markets

Jan 27, 2021 Newsdesk Latest News, Trends & Tech

Gaming supplier Scientific Games Corp has told GGRAsia that its new “Jin Ji Bao Xi – Singing Cats” slot machine game (pictured) is “approved and available” in nine Asia-Pacific...

Macau’s licensed junket tally down to 85: govt

Jan 27, 2021 Newsdesk Latest News, Macau, Top of the deck

The total number of licensed gaming promoters in Macau – either entities or individuals also known as ‘junkets’ – shrank by 10.5 percent over the past 12 months. The fall marks the eighth...

Fewer Michelin-starred outlets in Macau casino sector

Jan 27, 2021 Newsdesk Latest News, Macau, Top of the deck

The number of Michelin-starred restaurants based at Macau casino resorts has declined in the 2021 edition of the “Michelin Guide Hong Kong Macau”. The new edition of the guide was announced on...

China said to be expanding blacklist for overseas gambling

Jan 27, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

China’s Ministry of Culture and Tourism said in a Tuesday statement that it would add more overseas destinations to its “blacklist system” for cross-border gambling tourist destinations,...

Goldstein confirmed chair, Dumont COO at Las Vegas Sands

Jan 27, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Robert Goldstein (pictured) was confirmed on Tuesday as chairman and chief executive of United States-based casino operator Las Vegas Sands Corp. He was also affirmed in a Wednesday filing in Hong...

Cotai expansion to aid Macau EBITDA to 2019 level: CICC

Jan 26, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino-sector earnings before interest, taxation, depreciation and amortisation (EBITDA) could return to 2019 levels “as soon as” the fourth quarter of this year, “partly helped by...