GGRAsia – Newsletter 2

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...

LET Group seeks US$6 million in funds via share placement

Feb 06, 2023 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed LET Group Holdings Ltd plans to raise up to HKD48.5 million (US$6.2 million) in net proceeds from a placement of up to 269 million shares at a placing price of HKD0.186 apiece. The...

Singapore 2023 GGR might grow to US$4.4bln: MS

Feb 02, 2023 Newsdesk Latest News, Singapore, Top of the deck

Brokerage Morgan Stanley Asia Ltd says that Singapore “might see a structurally higher market size” in terms of gross gaming revenue (GGR) post-Covid-19, compared to pre-pandemic times,...

LVS amends US$1.5bln loan facility, dividends restricted

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

International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1.50-billion revolving credit agreement. As part of the amendment,...

Chinese comeback limited impact on Singapore IRs: bank

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

Mainland Chinese visitors to Singapore will in likelihood have a “positive” impact this year on the operations and earnings of Singapore’s two integrated resorts (IRs), suggests a...

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

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

Macau mass-market casino gross gaming revenue (GGR) for the recent Chinese New Year (CNY) holidays could have recovered to at least 60 percent of that for the 2019 break, when the festivities were in...

G2E Asia in-person for Macau in 2023, first time since 2019

Jan 27, 2023 Newsdesk Industry Talk, Latest News, Macau, Singapore, Top of the deck

A Global Gaming Expo (G2E) Asia casino trade event is to be held in-person in Macau this year; the first one since the 2019 edition (pictured in a file photo), that was staged prior to the Covid-19...

Nearly 70k visitors to Macau on 6th day of CNY break

Jan 27, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau recorded 69,279 visitor arrivals on the sixth day of the Chinese New Year (CNY) holiday period, showed official data. The city welcomed about 384,600 visitors in the first six days of the...

LVS flags strong recovery in Macau, capacity bottlenecks

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

Rob Goldstein, chairman and chief executive of international casino operator Las Vegas Sands Corp (LVS), says the group is seeing “strong” momentum in its Macau operations during the Chinese New...

Many Macau hotels booked to capacity CNY: tourism boss

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

Many of Macau’s hotels are “fully booked” in terms of available capacity, for most days of the upcoming Chinese New Year period, said Macao Government Tourism Office (MGTO) director, Maria...