GGRAsia – Newsletter 2

Mohegan teams with Oshidori for Nagasaki casino tilt

Jan 28, 2021 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck

United States-based tribal casino operator Mohegan Gaming and Entertainment has teamed with a Japan unit of Hong Kong-listed Oshidori International Holdings Ltd, for a tilt at creating a casino...

Macau’s licensed junket tally down to 85: govt

Jan 27, 2021 Newsdesk Latest News, Macau, Top of the deck

The total number of licensed gaming promoters in Macau – either entities or individuals also known as ‘junkets’ – shrank by 10.5 percent over the past 12 months. The fall marks the eighth...

China said to be expanding blacklist for overseas gambling

Jan 27, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

China’s Ministry of Culture and Tourism said in a Tuesday statement that it would add more overseas destinations to its “blacklist system” for cross-border gambling tourist destinations,...

Macau CNY biz hit by mainland virus cases: analysts

Jan 26, 2021 Newsdesk Latest News, Macau, Top of the deck

Chinese New Year (CNY) tourism to Macau from mainland China is likely to be “soft”, says brokerage Sanford C. Bernstein Ltd, due to a combination of consumer concerns about Covid-19 infections on...

Macau Covid-19 case no bar to mainland travel ties

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

A newly-confirmed Covid-19 case involving a Macau ID holder brought home on Thursday aboard one of two repatriating flights sanctioned but not chartered by the city’s government, will not put...

RWG shut Jan 22 to Feb 4 amid Malaysia lockdown

Jan 21, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

The Resorts World Genting (RWG) casino complex in Malaysia will be “temporarily closed” from Friday (January 22) until February 4, because of a so-called movement control order during that...

Melco likely to take on more debt for expansion: Moody’s

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

Moody’s Investors Service Inc says it expects the ratio of adjusted debt to earnings before interest, taxation, depreciation and amortisation (EBITDA) of Macau casino operators Melco Resorts and...

Investors see 2H Macau gain, rebound 2022: Bernstein

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

Investors in Macau casino stocks are looking beyond the current phase of market comeback, preferring to be focused on a possible “recovery in second half 2021 and rebound in 2022 with respect to...

Grand Korea extends Seoul, Busan casino closures to Feb 1

Jan 18, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, said on Monday (January 18) its two Seoul venues and one Busan site will stay closed until 9am, on February...

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Mass-market games including slot machines provided 65.1 percent of all Macau’s casino gross gaming revenue (GGR) in the fourth quarter of 2020, according to data released on Friday by the city’s...