GGRAsia – Newsletter 2

Macau comeback slow but a cleaner market says expert

Oct 28, 2020 Newsdesk Latest News, Macau, Top of the deck

Necessary Covid-19 control measures are nonetheless sapping energy from Macau’s casino floors and helping to slow revenue recovery, says Alidad Tash, a former senior vice president of gaming...

HK-Singapore travel bubble imminent says Carrie Lam

Oct 27, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Hong Kong plans to launch a “travel bubble” with Singapore during November, said on Tuesday Hong Kong’s Chief Executive, Carrie Lam Cheng Yuet-ngor (pictured in a file photo). The news came...

Macau Sept arrival tally nearly doubled m-o-m: govt

Oct 27, 2020 Newsdesk Latest News, Macau, Top of the deck

The September tally of visitor arrivals in Macau rose sharply compared to August, said a recent announcement from the city’s Statistics and Census Service. Last month’s number was 449,085,...

CoD Manila partner Belle net income down 96pct to Sept 30

Oct 23, 2020 Newsdesk Latest News, Philippines, Top of the deck

Net income at Belle Corp, which has an interest in the gaming operations of the City of Dreams Manila casino resort (pictured) in the Philippine capital, fell 96.4 percent year-on-year in the first...

Sands China 3Q net loss worsens sequentially, revenue up

Oct 22, 2020 Newsdesk Latest News, Macau, Top of the deck

Sands China Ltd, the Macau unit of United States-based casino group Las Vegas Sands Corp, reported a wider loss in the third quarter as compared to the April to June period. That was despite a slight...

Macau 2020 visitor dip may be over 90pct y-o-y says govt

Oct 20, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau’s visitor tally for full-year 2020 could see “over 90 percent” decline year-on-year, but the city would not relax “too easily” its current entry restrictions facing tourists, due to...

Yokohama mayor to respect any ‘no’ referendum on IR

Oct 19, 2020 Newsdesk Japan, Latest News, Top of the deck

Fumiko Hayashi, the mayor of Yokohama city, said at her regular media briefing on Friday that she would abide by any ‘no’ vote that might result from any public referendum on whether to try to...

Macau mass baccarat share up 77pct sequentially in 3Q

Oct 16, 2020 Newsdesk Latest News, Macau, Top of the deck

Mass-market baccarat generated nearly MOP1.88 billion (US$235.0 million) in the three months to September 30, a market share of 38.40 percent, up 77.1 percent quarter-on-quarter. Compared to the...

HK-Singapore travel bubble plans in weeks: HK govt

Oct 15, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

The authorities in Hong Kong and Singapore have reached agreement in principle, on a “travel bubble” that would allow residents of the respective places to engage in leisure travel in each...

Suncity listco now holds 70pct of Summit Ascent

Oct 15, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed Suncity Group Holdings Ltd, headed by the boss of a major Macau junket investor, is now the controlling shareholder of casino backer Summit Ascent Holdings Ltd. The move came after...