GGRAsia – Newsletter 1

LVS may try REIT sell off like Nevada peers: analysts

Oct 28, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Confirmation on Tuesday of talks to sell the Las Vegas venues of Las Vegas Sands Corp (LVS) with a circa US$6-billion price tag, could eventually lead to a sale and leaseback structure, featuring a...

LVS confirms talks for poss US$6bln disposal Vegas venues

Oct 27, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

United States-based casino operator Las Vegas Sands Corp (LVS) has confirmed it is in early discussions about a possible US$6-billion sale of its venues in Las Vegas, Nevada, reports Bloomberg,...

China flags US$150bln in 9mths heading for bets overseas

Oct 22, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

China’s Ministry of Public Security stated on Thursday the authorities had identified in the first nine months of this year, the equivalent of nearly US$150 billion due to exit the country for...

Londoner interior fix Dec, Macau EBITDA black MTD, says LVS

Oct 22, 2020 Newsdesk Latest News, Macau, Top of the deck

The Londoner Macao (pictured in a file photo), the themed rebranding for the Sands Cotai Central casino resort in Macau’s Cotai district, will be “completed from an interior perspective by...

Watchdog told Crown Resorts in 2017 Alvin Chau ‘criminal’

Oct 20, 2020 Newsdesk Latest News, Macau, Top of the deck, World

The New South Wales probity inquiry into casino operator Crown Resorts Ltd heard on Tuesday that in June 2017 the Australian financial watchdog AUSTRAC had emailed the firm, telling it that Alvin...

Macau CE confident of China govt’s support for city

Oct 19, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau’s Chief Executive, Ho Iat Seng (pictured in a file photo), said over the weekend he believed China’s central government would continue to be “very supportive” of the city: he...

Widus Group says expansion delayed to 2021 amid Covid-19

Oct 16, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Widus Group, owner and developer of the Widus Hotel and Casino complex in Clark Freeport Zone, in the Philippines, says it has delayed the first phase of the property’s expansion to late 2021,...

Tokyo a place to watch in Japan casino story: experts

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

The Japanese national government’s delay in its timetable for receiving proposals from cities around the country, for large-scale casino projects or integrated resorts (IRs), could help the cause...

A China law on overseas gambling more junket woe says rep

Oct 14, 2020 Newsdesk Latest News, Macau, Top of the deck

China’s move to criminalise any efforts to organise and solicit mainland residents for the purposes of gambling abroad, is “definitely not good news” for Macau’s junket sector, said Luiz...

China to criminalise luring its gamblers abroad: report

Oct 13, 2020 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

An amendment to mainland China criminal law – including a fresh targeting of “cross-border” gambling activities – was undergoing a second reading on Tuesday by the country’s...