GGRAsia – Newsletter 3

Newsletter 3

Macau govt studying potential introduction of tourist tax

Mar 26, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macao Government Tourism Office is studying the potential for introduction of a tourist tax to the city, said the bureau’s head, Maria Helena de Senna Fernandes, in comments over the weekend....

Philippine finance chief asks Pagcor to clarify POGO wages

Mar 25, 2019 Newsdesk Latest News, Philippines, Top of the deck

The Philippine Finance Secretary, Carlos Dominguez, has asked the country’s gaming regulator the Philippine Amusement and Gaming Corp (Pagcor) to investigate the true scale of average monthly wages...

Credit play 60pct of biz at big Macau junkets: research

Mar 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Play via credit represents between 50 percent and 60 percent of VIP gambling business in the Macau market for several of the major junket brands, versus “more than 80 percent” in the previous...

MBS growth opportunity is overseas visitors: LVS exec

Mar 21, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

Revenue growth at Singapore casino resort Marina Bay Sands (MBS) depends on the property’s ability to attract more visitors from outside the city-state, says a top executive from Las Vegas Sands...

Korea’s Paradise City indoor theme park open late March

Mar 20, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

“Wonderbox” – a new non-gaming facility for the Paradise City casino resort (pictured) in South Korea – is due to be launched on March 31, confirmed Paradise Co Ltd, one of the promoters of...

New attack drill Friday for Macau casino sector: govt

Mar 19, 2019 Newsdesk Latest News, Macau, Top of the deck

Emergency workers and other Macau government staff are poised to join a simulation drill in the early hours of Friday at the Venetian Macao casino resort (pictured), a property operated by Sands...

Summit Ascent full-2018 revenue down, profit halved

Mar 19, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong-listed Summit Ascent Holdings Ltd reported on Monday total net revenue of HKD463.2 million (US$59.0 million) for full calendar year 2018, down 1.6 percent in year-on-year terms, the company...

Paradise City Macau office to tap Chinese clients: firm

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

Paradise City, a casino resort in South Korea operated by Paradise Co Ltd, aims to raise its profile among Chinese consumers via a recently-opened representative office in Macau, the company has...

GPI owners nod merger into Japan’s Angel Holdings

Mar 15, 2019 Newsdesk Latest News, Top of the deck, World

The stockholders of United States-listed supplier of casino currency and equipment Gaming Partners International Corp (GPI) have formally approved this week the merger with Japanese firm Angel...

Macau registered problem gambler tally lowest yet in 2018

Mar 13, 2019 Newsdesk Latest News, Macau, Top of the deck

A total of 133 people registered with Macau’s “Central Registry System of Individuals with Gambling Disorder” in 2018, down 15.3 percent from the previous year, said the city’s Social...