GGRAsia – Newsletter 2

Newsletter 2

Macau gaming commissions hit four-year high in 2018

Sep 17, 2019 Newsdesk Latest News, Macau, Top of the deck

Commissions and certain other costs linked to Macau casino sales hit a four-year high in 2018, while the industry’s contribution to the local economy reached nearly MOP203.4 billion (US$25.2...

Landing gets 6 months to find new Philippine casino site

Sep 17, 2019 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Asian casino promoter Landing International Development Ltd says it has been given approximately six months to find an alternative site for a casino resort it planned for the Philippine capital...

Mass play to buffer VIP biz negatives: Sands China COO

Sep 12, 2019 Newsdesk Latest News, Macau, Top of the deck

The president and chief operating officer of Macau casino firm Sands China Ltd, Wilfred Wong Ying Wai (pictured), says the company expects a “more stable result” for its balance sheet in the...

Okada Manila casino GGR up 72pct in August

Sep 12, 2019 Newsdesk Latest News, Philippines, Top of the deck

The promoter of the Okada Manila casino resort (pictured) in the Philippine capital said the property’s total August gross gaming revenue (GGR) rose 72 percent year-on-year. Such GGR was just...

Wynn Macau more prone to volatility vs parent: Bernstein

Sep 11, 2019 Newsdesk Latest News, Macau, Top of the deck, World

Brokerage Sanford C. Bernstein Ltd says it has a “slight preference” for owning the stock of United States-based casino operator Wynn Resorts Ltd rather than its Macau casino unit Wynn Macau Ltd....

Melco Int tells Winkler boost stock, gives US$34mln options

Sep 09, 2019 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed casino investor Melco International Development Ltd says it has granted share options to its president and managing director, Evan Winkler, with an aggregate exercise price of just...

Macau casinos get green light for 21 more smoking lounges

Sep 06, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s Health Bureau says it had given permission in the last two months for 21 new-style smoking lounges in Macau’s gaming venues, according to an update published on Wednesday. As of August...

Japan’s Yokohama to host IR expo in January

Sep 05, 2019 Newsdesk Japan, Latest News, Top of the deck

The first integrated resort (IR) exhibition in the city of Yokohama (pictured) is to take place on January 29 and 30, 2020, at the Pacific Convention Plaza Yokohama. That is according to a Thursday...

Melco Resorts names Evan Winkler company president

Sep 05, 2019 Newsdesk Latest News, Macau, Top of the deck

Casino developer and operator Melco Resorts and Entertainment Ltd says it has appointed Evan Winkler (pictured in a file photo) as company president with effect from Wednesday. Mr Winkler will be...

Singapore betting tax flat in latest fiscal year: govt

Sep 03, 2019 Newsdesk Latest News, Singapore, Top of the deck

The Inland Revenue Authority of Singapore (IRAS) says it collected SGD52.4 billion (US$37.6 billion) in tax revenue in the fiscal year 2018-2019, up 4.4 percent from the previous year. The 3.1...