GGRAsia – Newsletter 2

Newsletter 2

E-Sports, VR need Asia casino tryouts: Innovation Group

Nov 16, 2018 Newsdesk Latest News, Macau, MGS Entertainment Show 2018

Bringing e-Sports or virtual reality (VR) games into casinos is a “meaningful” experiment in diversification for casino operators, even in the Macau context, where the city’s casinos are...

EGM contribution growing steadily in Macau: MGS panel

Nov 15, 2018 Newsdesk Latest News, Macau, MGS Entertainment Show 2018

Macau’s market for electronic gaming machines (EGMs) is “relatively undeveloped” but has “big potential” to grow in gaming revenue terms, suggested on Thursday a panel of executives from...

Okada Manila books best-yet EBITDA in October

Nov 14, 2018 Newsdesk Latest News, Philippines, Top of the deck

Japanese gaming company Universal Entertainment Corp says its Okada Manila casino resort (pictured) in the Philippines recorded adjusted segment earnings before interest, taxation, depreciation and...

Typhoon Mangkhut cost Macau casinos US$119mln: estimate

Nov 13, 2018 Newsdesk Latest News, Macau, Top of the deck

The Macau Statistics and Census Service estimates that Typhoon Mangkhut caused economic losses to the city amounting to MOP1.55 billion (about US$192.1 million), including MOP960 million in losses to...

Paradise Entertainment 3Q adjusted EBITDA slips 57pct

Nov 13, 2018 Newsdesk Latest News, Macau, Top of the deck

Third-quarter group adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell 57.3 percent year-on-year at casino equipment maker and gaming management services firm...

Steve Wynn sues Wynn Resorts, Mass. regulator: reports

Nov 12, 2018 Newsdesk Latest News, Top of the deck, World

Entrepreneur Steve Wynn is suing his former company Wynn Resorts Ltd and the Massachusetts Gaming Commission, according to media reports. Mr Wynn (pictured in a file photo) alleges the firm...

Sci Games mulls IPO for social gaming biz

Nov 09, 2018 Newsdesk Latest News, Top of the deck, World

U.S.-based Scientific Games Corp says it is considering an initial public offering (IPO) next year for a minority interest in its social gaming business. The announcement was made on Thursday, the...

GEN Malaysia to review marketing spend after tax hike

Nov 08, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Genting Malaysia Bhd, which has its flagship gaming venue near the Malaysian capital Kuala Lumpur, said in a Wednesday filing it was “assessing the full implications” of...

Advisors to Japan govt outline key casino regulation

Nov 06, 2018 Newsdesk Japan, Latest News, Top of the deck

At least seven key regulatory topics need to be dealt with before Japanese casino resorts can open, heard a Monday meeting of an advisory panel to the Japanese government on the casino liberalisation...

Chinese group to invest US$100mln in Cagayan casino

Nov 06, 2018 Newsdesk Latest News, Philippines, Top of the deck

The Cagayan Economic Zone Authority (CEZA) in the Philippines says it has signed a memorandum of understanding with Shanghai Jucheng Supply Chain Management (Group) Co Ltd for the development of a...