GGRAsia – Newsletter 2

Newsletter 2

Philippines could get more CoD casinos: Premium Leisure

Apr 23, 2019 Newsdesk Latest News, Philippines, Top of the deck

A proposal to open more casino properties in the Philippines under the moniker ‘City of Dreams’ is under consideration. That is according to the Philippine Star newspaper on Tuesday, citing...

Casino frontrunner cities in Japan vote pro-IR candidates

Apr 22, 2019 Newsdesk Japan, Latest News, Top of the deck

Several Japanese cities thought to be in the running to apply to the national government for the right to host a casino resort, had good showings for pro-casino candidates in local elections held...

Addict rules for pachinko first, before Japan casinos arrive

Apr 22, 2019 Newsdesk Japan, Latest News, Top of the deck

Details of the so-called “basic plan” to tackle the public policy issue of gambling addiction in Japan were revealed by Japan’s cabinet on Friday. A spur for such an anti-addiction scheme is...

LVS first quarter profit falls; Macau mass market strong

Apr 18, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Global casino company Las Vegas Sands Corp reported first-quarter net profit of US$582 million, a 60-percent decrease compared to nearly US$1.46 billion recorded in the same period last year. The...

Macau venues covered by mulled Wynn ban on founder: firm

Apr 16, 2019 Newsdesk Latest News, Macau, Top of the deck, World

A proposal by Wynn Resorts Ltd inviting regulators in Massachusetts, in the United States, to impose a rule banning the casino company’s founder Steve Wynn from the group’s resorts,...

Aggregate 12 rubella cases at StarWorld, CoD: Macau govt

Apr 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s Health Bureau says that in the first 14 days of this month, a total of 12 people recorded as working at Macau casino resorts was confirmed to have caught rubella, a disease also known as...

NagaCorp boss Chen Lip Keong to fund 50pct of Naga3 cost

Apr 15, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Asian casino investor NagaCorp Ltd has confirmed that the firm’s founder and chief executive Chen Lip Keong will provide partial funding for the company’s new extension to NagaWorld casino resort...

Macau 1Q VIP GGR down 10pct: Morgan Stanley

Apr 11, 2019 Newsdesk Latest News, Macau, Top of the deck

First-quarter VIP gambling revenue in Macau was down by 10 percent year-on-year, while that for the mass-market segment grew by 8 percent. That was the estimation of banking group Morgan Stanley in a...

Casino supplier economic impact 2018 near US$56bln: AGEM

Apr 11, 2019 Newsdesk Industry Talk, Latest News

The global industry for gaming equipment supply generated in 2018 a “total economic impact” of US$55.8 billion, supported more than 202,400 employees, including almost 62,000 direct employees,...

MGM Cotai standard room size could drag ramp: Macquarie

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

The modest size of a standard hotel room at MGM Cotai relative to market rivals could remain a drag on the efforts of management to ramp up casino business among premium customers at MGM China...