GGRAsia – Newsletter 1

Return of tours good for mass floor traffic: observers

Feb 03, 2023 Newsdesk Latest News, Macau, Top of the deck

The imminent return of package tours from mainland China will not only help boost Macau’s tourism businesses, but is also expected to help casinos gain more foot traffic in their mass gaming...

Mainland tour groups to Macau to resume Feb 6: govt

Feb 03, 2023 Newsdesk Latest News, Macau, Top of the deck

Package tours from mainland China to Macau will resume from Monday, February 6, confirmed Macau’s Secretary for Economy and Finance, Lei Wai Nong, in a Friday press conference. The return of...

January travel lift, CNY sees Macau GGR up 233pct m-o-m

Feb 01, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s January casino gross gaming revenue (GGR) grew 232.6 percent month-on-month, coinciding with the ending of mainland China and Macau’s respective ‘zero-Covid’ policies at the start of...

Tak Chun execs knew illicit to settle proxy in Macau: trial

Jan 31, 2023 Newsdesk Latest News, Macau, Philippines, Top of the deck

A Tuesday Macau court session heard allegations of ‘proxy bets’ being facilitated overseas on behalf of customers of former casino junket brand Tak Chun Group, with bet settlement done via Macau,...

Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Jan 31, 2023 Newsdesk Latest News, Philippines, Top of the deck

The Philippine casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), reported total income of PHP58.96 billion (US$1.08 billion) for full-year 2022. That was up 66.2 percent from the...

Almost half million visitors to Macau for 7 days of CNY hols

Jan 30, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau had nearly half a million visitor arrivals in the seven days that mainland China counts as the Chinese New Year holiday, according to provisional data from the city’s Public Security Police,...

71pct of Sands China licence spend for venues says parent

Jan 26, 2023 Newsdesk Latest News, Macau, Top of the deck

Just over 71 percent of the minimum US$3.8-billion spending that Sands China Ltd has pledged in Macau over the next 10 years, as a condition of getting a fresh gaming concession there, will go on...

Macau visitor tally tops 318k in first 5 days of CNY break

Jan 26, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau welcomed more than 318,000 visitors in the first five days of the Chinese New Year (CNY) holiday period, according to official data. The average number of visitor arrivals in the period stood...

Macau satellites may persist past 3-yr transition, says exec

Jan 19, 2023 Newsdesk Latest News, Macau, Top of the deck

Firms used to being third-party promoters of Macau satellite casinos and having the option of sharing venue revenue with the relevant gaming concessionaire, may be willing to transition to a...

Suncity’s Alvin Chau sentenced to 18 years in prison

Jan 18, 2023 Newsdesk Latest News, Macau, Top of the deck

A Macau court has sentenced Alvin Chau Cheok Wa (pictured in a file photo), former boss of now-defunct Macau casino junket Suncity Group Ltd, to 18 years in prison in aggregate. The sentence was...