GGRAsia – Newsletter 2

Macau govt maintains US$16bln GGR forecast for 2021

Jul 22, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Economy and Finance, Lei Wai Nong, said on Thursday that the government was sticking to its forecast for 2021 casino gross gaming revenue (GGR) at MOP130 billion (US$16.2...

No talks yet with Macau govt on concession extension: Sands

Jul 22, 2021 Newsdesk Japan, Latest News, Macau, Singapore, Top of the deck

The Macau government has yet to approach local casino operator Sands China Ltd to discuss with the firm a potential extension of the latter’s gaming concession. That is according to Sands China...

Macau recovery story not broken, only delayed: JP Morgan

Jul 20, 2021 Newsdesk Latest News, Macau, Top of the deck

Brokerage J.P. Morgan Securities (Asia Pacific) Ltd says there is still long-term value in Macau casino stocks, although the sector’s recovery is taking longer than previously forecast....

SJM eyes self-promoted casino at Lisboeta: Ambrose So

Jul 19, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino developer and operator SJM Holdings Ltd is eyeing to open a self-promoted casino at the Lisboeta Macau (pictured) complex, said the firm’s vice-chairman and chief executive Ambrose...

Macau mass GGR two-thirds of 2Q casino revenue: govt

Jul 16, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s mass-market gross gaming revenue (GGR) in the second quarter of 2021 reached nearly MOP16.88 billion (US$2.11 billion), accounting for 66.5 percent of the city’s aggregate casino GGR in...

Yokohama’s pro-IR mayor to run for re-election

Jul 16, 2021 Newsdesk Japan, Latest News, Top of the deck

Fumiko Hayashi, the mayor of Yokohama city (pictured) in Japan, announced on Thursday that she will run for a fourth term in the mayoral election scheduled for August 22. Ms Hayashi, who...

Kangwon Land casino daily capacity down to 1,800 July 15

Jul 14, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land (pictured), the only casino resort in South Korea permitted to offer bets to locals, will reduce its casino’s maximum daily guest capacity to 1,800, i.e., 30 percent of the...

Australasian Gaming Expo postponed to 2022

Jul 14, 2021 Newsdesk Industry Talk, Latest News, World

The organisers of the Australasian Gaming Expo (AGE) say they have made the “unavoidable decision” to postpone the event for a second time, due to the rising number of Covid-19 infections in...

LVS wants to invest in digital gaming tech, focus on B2B

Jul 13, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

International casino group Las Vegas Sands Corp wants to become “a strategic investor in digital gaming technologies,” said the firm in a release on Monday. The push – to be “focused...

Lawrence Ho pledges annual base pay to Melco share plan

Jul 09, 2021 Newsdesk Latest News, Macau, Top of the deck

Lawrence Ho Yau Lung (pictured), chairman and chief executive of casino operator Melco Resorts and Entertainment Ltd, is participating in the firm’s share purchase and award programme in an amount...