GGRAsia – Newsletter 1

Newsletter 1

No news on licence refreshment in Macau policy address

Nov 15, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau’s Chief Executive, Fernando Chui Sai On (pictured), delivered on Thursday the local government’s policy address for 2019, but the city’s leader provided no guidance regarding what...

Only 49 upgraded smoke lounges okayed so far: Macau govt

Nov 15, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau’s Health Bureau has so far only approved requests for the installation of 49 upgraded smoking lounges inside the city’s gaming venues, out of a total of 404 requests the bureau had...

Casino, Expo wins would benefit Osaka economy: Nomura

Nov 14, 2018 Newsdesk Japan, Latest News, Top of the deck

Japanese brokerage Nomura says that if Osaka is successful in its respective bids to hold the World Expo 2025 and to host one of Japan’s first casino resorts, that would have a “positive...

Regulation leads first day of MGS Entertainment Show

Nov 13, 2018 Newsdesk Latest News, Macau, MGS Entertainment Show 2018

The MGS Entertainment Show 2018 starts today, Tuesday, at the Venetian Macao casino resort. The annual event, featuring a casino industry trade exhibition and conference, is organised by the Macau...

Bloomberry 3Q profit slips 39pct on upped costs, VIP hold

Nov 12, 2018 Newsdesk Latest News, Philippines, Top of the deck

Bloomberry Resorts Corp, operator of Solaire Resort and Casino (pictured) in Manila, the Philippine capital, reported consolidated net profit down 38.9 percent year-on-year in the third quarter. Such...

Profit dips dramatically in 3Q for Melco Resorts

Nov 09, 2018 Newsdesk Latest News, Macau, Philippines, Top of the deck

Profit at Melco Resorts and Entertainment Ltd plummeted 91.7 percent year-on-year in the third quarter, the company said in a Thursday statement. Such profit was US$9.60 million, compared to nearly...

Wynn plans two more hotels, 1,300 rooms at Cotai property

Nov 08, 2018 Newsdesk Latest News, Macau, Top of the deck, World

Matt Maddox, chief executive of U.S.-based Wynn Resorts Ltd and of Wynn Macau Ltd, says the group will be adding two hotel towers to its Wynn Palace casino resort (pictured), located in Macau’s...

Macau’s GGR growth stable despite challenges: Leong

Nov 07, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac (pictured) said on Tuesday that he expected the city’s gaming industry to record higher gross gaming revenue (GGR) this year...

Nagoya yet to mull a casino resort bid: report

Nov 05, 2018 Newsdesk Japan, Latest News, Top of the deck

Nagoya City (pictured) is “yet to consider” whether it will bid to host a Japan casino resort, according to a questionnaire issued to all Japanese local authorities with the right to activate...

Casino tax hike to hurt GEN Malaysia: analysts

Nov 05, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

The announcement of the Malaysian Budget on Friday was a negative surprise for that country’s gaming sector, as casinos and slot parlours were not spared from a tax hike. According to the...