May 16, 2022 Newsdesk Latest News, Macau, Top of the deck
Macau’s Court of Final Appeal announced on Monday sentences in relation to a total of nine cases concerning debt claims involving junket operators based at local casinos. In all the cases, the...May 16, 2022 Newsdesk Latest News, Macau, Top of the deck
A cut of 5 percentage points in the tax levied on Macau gross gaming revenue (GGR “would be equivalent to a 12 to 15 percent boost” to estimated industry earnings before interest, taxation,...May 12, 2022 Newsdesk Latest News, Singapore, Top of the deck
Casino operator Genting Singapore Ltd reported a net profit of SGD40.4 million (US$28.9 million) for the first quarter of 2022, up 17.3 percent from the previous quarter. It represented a...May 12, 2022 Newsdesk Latest News, Philippines, Top of the deck
An email to GGRAsia from casino equipment supplier Aruze Gaming Macau Ltd said a recent Philippine court order would “restore the composition of the board of directors of Tiger Resort, Leisure and...May 11, 2022 Newsdesk Latest News, Macau, Top of the deck
The chief executive of Macau-based casino operator Wynn Macau Ltd says the firm has yet to “accrue for” any “material exposure” to debt claims involving junket operators previously...May 10, 2022 Newsdesk Latest News, Philippines, Top of the deck
Ferdinand Marcos Jr (pictured), leader-in-waiting for the Philippines, will have a number of key gaming industry-related items in the in-tray. Taxes from licensed casinos and other forms of...May 06, 2022 Newsdesk Latest News, Macau, Top of the deck
The proposed crime relating to “illegal taking of deposits” means neither Macau junkets nor their “collaborators” will be able independently to hold any funds on behalf of gamblers –...May 04, 2022 Newsdesk Latest News, Macau, Top of the deck
Management at Macau casino operator SJM Holdings Ltd says the firm has the possibility of asking for a HK$5-billion (about US$637-million) loan from its largest shareholder STDM, if faced with...May 03, 2022 Newsdesk Latest News, Macau, Top of the deck
The first-quarter loss at Macau casino operator SJM Holdings Ltd rose 97.8 percent year-on-year, to HKD1.28 billion (US$163.4 million), versus a HKD647-million loss in the first three months of 2021....May 03, 2022 Newsdesk Japan, Latest News, Top of the deck
If given the go-ahead to build a casino resort in Osaka, Japan, then MGM Resorts International would hope to see foundation work take place in late 2023, said Bill Hornbuckle, the group’s chief...(Click here for more)
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”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”
DS Kim, Amanda Cheng and Livy Lyu
Analysts at brokerage JP Morgan Securities (Asia Pacific)