GGRAsia – Newsletter 3

Tweaks to Macau gaming law keep cross-stake status quo

May 17, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government is willing to keep the current ‘status quo’ in terms of cross-shareholding in gaming operators, scrapping a previous proposal that would prevent any shareholder with a stake...

Kangwon Land back to pre-Covid capacity from May 16

May 13, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

From Monday (May 16) South Korean casino resort Kangwon Land (pictured) is to return to pre-pandemic carrying capacity in terms of gambling customers allowed on the premises at any one time. That...

Konami group profit up 70pct, giving year-end dividend

May 12, 2022 Newsdesk Industry Talk, Latest News, Top of the deck

Profit rose 69.9 percent year-on-year at Japanese leisure conglomerate Konami Corp, reaching JPY54.81 billion (US$425.6 million) for the 12 months to March 31. The group said it would pay a cash...

Bloomberry eyes to invest in Uy’s Cebu, Clark casinos

May 11, 2022 Newsdesk Latest News, Philippines, Top of the deck

Philippine casino resort operator Bloomberry Resorts Corp has signed an initially non-binding agreement – known as a term sheet – to invest in a unit of another Philippine business, PH Resorts...

IGT 1Q revenue slightly up y-o-y, on higher gaming sales

May 11, 2022 Newsdesk Industry Talk, Latest News, Top of the deck

Gaming and lottery provider International Game Technology Plc (IGT) reported on Tuesday first-quarter revenue of just above US$1.05 billion, up 3.5 percent from the prior-year period. The...

Sands China launches new post-maternity benefits for staff

May 10, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Sands China Ltd says it is introducing new post-maternity benefits for staff. These include reduced work schedules and non-rotating shifts, the firm said in a press...

Maybank cuts Resorts World Genting 2022 visitor tally 13pct

May 06, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Maybank Investment Bank Bhd is cutting by 12.5 percent its estimate for 2022 visitor numbers at Malaysia’s only casino complex, Resorts World Genting (pictured), it said in a Friday note. “We...

CoD Mediterranean construction facing delays: Lawrence Ho

May 06, 2022 Newsdesk Latest News, Macau, Top of the deck, World

Construction of Melco Resorts and Entertainment Ltd’s flagship casino resort on the Mediterranean island of Cyprus, is facing delays, says group chairman and chief executive Lawrence Ho Yau...

Visa-free entry to S. Korea casino hub Jeju restarts June 1

May 06, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

The South Korean government announced on Wednesday, that visa-free entry to Jeju island for holders of certain passports – including that of mainland China – would restart from June 1. The...

Macau saw over 116k visitors in first 4 days of May break

May 04, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau had over 116,600 visitor arrivals for the first four days of the five-day holiday surrounding May 1’s Labour Day, according to the latest figures from Macau’s Public Security Police. But...