GGRAsia – Newsletter 1

Newsletter 1

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Apr 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s economy is projected to “rebound by 53 percent” this year, assuming a recovery in gross gaming revenue (GGR) “to about half” of pre- Covid-19 levels, said Fitch...

Macau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan

Apr 14, 2021 Newsdesk Latest News, Macau, Top of the deck

VIP gross gaming revenue (GGR) in the Macau market was “bad” in the first quarter, “hovering at circa 20 percent of pre- Covid-19 levels,” said a Wednesday note from JP Morgan Securities...

Macau seeks mutual vaccine recognition with Guangdong: CE

Apr 13, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government is discussing with mainland China’s central authorities the possibility to trial a plan for a “mutual recognition” system of Covid-19 vaccination between Macau and its...

Body to push benefits of Nagasaki IR debuts in Kyushu

Apr 13, 2021 Newsdesk Japan, Latest News, Top of the deck

The Kyushu IR Council, designed to help boost the regional economic benefits relating to a possible casino resort in Nagasaki prefecture, was officially established on Monday (pictured). The council...

Guangdong urges cross-border bet criminals to surrender

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

The Public Security Department in mainland China’s Guangdong province has urged residents involved in “cross-border gambling crimes” to “turn themselves in” to the authorities by April...

Jeju governor nods casino permit transfer to Dream Tower

Apr 08, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Won Hee-ryong, governor of the Jeju Special Self-governing Province in South Korea, signed on Thursday morning a document considered mandatory before Lotte Tour Development Co Ltd can transfer its...

Nascent gaming recovery, challenges remain: Genting boss

Apr 07, 2021 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

The chairman and chief executive of Malaysian conglomerate Genting Bhd, Lim Kok Thay (pictured), says there are signs of “nascent recovery” in gaming across Asia. The veteran tycoon however...

MGM-Orix still only casino suitor after Osaka RFP extension

Apr 06, 2021 Newsdesk Japan, Latest News, Top of the deck

Japan’s Osaka prefecture said on Tuesday that no fresh private-sector suitor had come forward as a result of the extension of its request-for-proposal (RFP) process concerning the...

Japan draft casino regulations issued, consultation to May 9

Apr 06, 2021 Newsdesk Japan, Latest News, Top of the deck

The Japan Casino Regulatory Commission announced on Friday a draft version of its intended enforcement regulations. The information was published in a statement on the regulator’s website. A...

Countdown hotel at CoD Macau closes for renovation

Apr 01, 2021 Newsdesk Latest News, Macau, Top of the deck

The Countdown hotel, located at the City of Dreams casino resort in Macau, is closed for renovation “until further notice,” GGRAsia confirmed in a Thursday call with the hotel’s operator. The...