GGRAsia – Newsletter 2

Studio City own-brand hotel open first in Phase 2: MS

Nov 22, 2022 Newsdesk Latest News, Macau, Top of the deck

The promoter of the Studio City casino resort in Macau’s Cotai district plans to open first a self-branded hotel for its Phase 2 (site pictured in August), followed by a “W” hotel,...

Megaworld investing US$261mln in Manila condos, casino

Nov 22, 2022 Newsdesk Latest News, Philippines, Top of the deck

Megaworld Corp, part of Philippine conglomerate Alliance Global Group Inc, which is a backer of casino business in that nation, is to invest PHP15 billion (US$261.3 million) in a 3-acre (1.2-hectare)...

Covid case from mainland leads to a Macau hotel lockdown

Nov 19, 2022 Newsdesk Latest News, Macau, Top of the deck

The Harbourview Hotel at Macau Fisherman’s Wharf on the city’s peninsula has been temporarily sealed off (pictured), and the people there kept inside for testing. That was after a 60-year-old...

Macau slips behind Singapore, Philippines for 3Q GGR

Nov 17, 2022 Newsdesk Latest News, Macau, Philippines, Singapore, Top of the deck

Macau has fallen to third spot regionally in terms of gross gaming revenue (GGR) in the three months to September 30, behind Singapore and the Philippines, according to figures compiled by GGRAsia....

Alvin Chau good boss, trusted in gaming sector: witness

Nov 16, 2022 Newsdesk Latest News, Macau, Top of the deck

A Wednesday Macau court session heard a character witness speak in support of on-trial Alvin Chau Cheok Wa (pictured in a file photo), former boss of casino junket business Suncity Group. He and 20...

Paul Baker steps down as Grand Lisboa Palace president

Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck

Paul Baker has stepped down as president of Macau casino resort Grand Lisboa Palace, being currently on so-called ‘gardening leave’ until early December, GGRAsia has learnt. Mr Baker had...

Macau police got mainland help for evidence in Suncity case

Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau police went to talk to 11 people in Wenzhou, in mainland China’s Zhejiang province, when building a criminal case against former Macau junket operator Suncity Group and its founder Alvin Chau...

Vietnam eyes China tourism via security accord: expert

Nov 11, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

The announcement of Vietnam’s cooperation with China on security-enforcement issues, including against organisation of “cross-border” gambling, could be with an eye to boosting general tourism...

Parent MGM Resorts offers US$750mln loan to MGM China

Nov 11, 2022 Newsdesk Latest News, Macau, Top of the deck

U.S.-based MGM Resorts International is to make available a subordinated revolving loan facility in an amount of up to US$750 million to its subsidiary, Macau casino operator MGM China Holdings Ltd....

Chau denies Suncity got China assets for multiplier debts

Nov 09, 2022 Newsdesk Latest News, Macau, Top of the deck

Alvin Chau Cheok Wa (pictured in a file photo), founder and one-time boss of former Macau junket operator Suncity Group, asserted during a Wednesday session of his criminal trial in the city that...