GGRAsia – Newsletter 2

Alleged bribe offer to ex-Wynn manager probed by HK, Macau

May 17, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s Commission Against Corruption (CCAC) says it is cooperating with the Hong Kong authorities as the latter investigate a series of alleged offers – dating back between 2014 and 2017...

Macau modifies satellite owner plan, rev share ban stays

May 13, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government is planning to scrap a proposal that the city’s so-called satellite casino operators should tie the ownership of their respective gaming floors to one of the next...

Galaxy Ent 1Q EBITDA down 45pct sequentially to US$73mln

May 12, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd reported on Thursday first-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HKD575 million...

Macau official counters China Covid policy doubts of WHO

May 11, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s “only choice” in tackling the threat of Covid-19 is to continue following China’s zero-tolerance approach, said on Wednesday Alvis Lo Iek Long (pictured in a file...

L&W posts 1Q profit, gaming op revenue tops 2019 levels

May 11, 2022 Newsdesk Industry Talk, Latest News, Top of the deck

Casino equipment and online games provider Light & Wonder Inc – previously known as Scientific Games Corp – reported a net profit attributable to its shareholders of US$26 million in the...

Macau 1Q suspect gaming transaction reports up 14pct y-o-y

May 09, 2022 Newsdesk Latest News, Macau, Top of the deck

The number of suspicious transaction reports – also known as STRs – filed by Macau gaming operators went up 14.1 percent year-on-year in the first quarter, according to data from the city’s...

Professional secrecy risk via Macau junket bill: legal experts

May 06, 2022 Newsdesk Latest News, Macau, Top of the deck

A proposed ‘duty of collaboration’ rule in Macau’s new bill for regulating junket operators and management companies, has appeared to give unusually broad powers to the authorities...

Macau arrivals for 5-day May break down 18pct on 2021

May 05, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau saw 136,647 visitor arrivals for this year’s five-day Labour Day break, down 18.2 percent year-on-year on the same holiday period in 2021, according to data from the city’s Public...

Grand Korea’s April casino sales dip 81pct m-o-m

May 04, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, said in a Wednesday filing that its April casino sales fell 80.6 percent month-on-month, and dropped 34.6...

Macau welcomes 92k visitors in first 3 days of May break

May 03, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau had close to 92,400 visitor arrivals for the first three days of the five-day holiday surrounding May 1′s Labour Day. But after surpassing the 40,000-arrival mark in the first day of...