GGRAsia – Newsletter 1

Savan Vegas casino hotel in Laos up for sale

Oct 20, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck

Savan Vegas Hotel and Entertainment Complex, a casino hotel in Laos, is being offered for sale via a competitive bid process, according to a press release with Monday’s dateline. A U.S.-based...

Macau govt counters Steve Wynn table cap swipe

Oct 19, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, has responded to criticism by Steve Wynn, the chairman and chief executive of Wynn Resorts Ltd, concerning the government’s...

Wynn lashes out at Macau govt’s table allocation policy

Oct 16, 2015 Newsdesk Latest News, Macau, Top of the deck, World

Wynn Resorts Ltd chairman and chief executive Steve Wynn (pictured) criticised the Macau government’s table allocation policy, calling it “outrageous and ridiculous”. “The table cap is the...

China cracks down on Korean casino marketing officers

Oct 15, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck

Mainland China police have arrested 13 South Korean casino managers and several Chinese agents suspected of luring Chinese citizens to South Korean casinos, Reuters news agency reported, quoting...

Gaming ops interested in casino at Laguna resort: GMA

Oct 14, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck

A number of international gaming operators have shown interest in running a casino planned for the second phase of Vietnam’s Laguna Lăng Cô beach resort (pictured), said Andrew Klebanow of...

Macau Oct GGR fall to be smallest since Jan: analysts

Oct 13, 2015 Newsdesk Latest News, Macau, Top of the deck

October gross gaming revenue (GGR) in Macau is tracking for the slowest rate of year-on-year decline since January, on the back of better than expected VIP and mass business in the first seven days...

MelcoLot goes solo in bid for casino licence in Spain

Oct 12, 2015 Newsdesk Latest News, Top of the deck, World

Hong Kong-listed MelcoLot Ltd said on Friday it “remains interested” in the tender process to operate a casino in Barcelona, Spain, despite having terminated an agreement with partner Veremonte...

Philippine 2016 casino take likely below consensus: MS

Oct 09, 2015 Newsdesk Latest News, Philippines, Top of the deck

Casino gross gaming revenue (GGR) for the Philippines – driven mainly by new properties in Manila – is likely to grow by 8 percent year-on-year in 2016, not the market consensus figure of 21...

Macau EBITDA decline likely bottomed end 2Q: CS

Oct 08, 2015 Newsdesk Latest News, Macau, Top of the deck

The end of the second quarter “should have marked the bottom” of the sequential quarterly decline in Macau casino operators’ earnings before interest, taxation, depreciation and amortisation...

NagaCorp confirms ‘exploring’ Cyprus market

Oct 07, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck, World

The chairman of Asian casino developer NagaCorp Ltd has confirmed to GGRAsia that his firm is “exploring the market” in the Republic of Cyprus, the Greek portion of that Mediterranean island....