GGRAsia – Newsletter 3

Newsletter 3

Okada Manila promoter drops backdoor listing plan for PSE

Dec 06, 2024 Newsdesk Latest News, Philippines, Top of the deck

The parent of the Okada Manila casino resort (pictured), in the Philippine capital, has shelved a plan for a backdoor listing of shares in the company that runs the complex, according to a Friday...

Genting Malaysia dropped from FTSE Bursa Malaysia KLCI

Dec 06, 2024 Newsdesk Latest News, Rest of Asia, Top of the deck

Global casino operator Genting Malaysia Bhd and its parent Genting Bhd have been removed from the 30-stock FTSE Bursa Malaysia’s Kuala Lumpur Composite Index (KLCI), according to a Thursday...

Thai players travel as far as Macau for slot play: L&W exec

Dec 04, 2024 Newsdesk Latest News, Rest of Asia, Top of the deck

The experience of casino operators in Cambodia, Laos and even Macau, can offer some pointers on the possible appeal of slot machines to Thai players that might patronise casinos if they are built in...

Thai casinos minimum US$10bln GGR market yearly: panel

Dec 03, 2024 Newsdesk Latest News, Rest of Asia, Top of the deck

A market of casino resorts in Thailand could generate US$15 billion in annual gross gaming revenue (GGR) “once ramped up”, said Jeffrey Kiang (pictured, left), an analyst at brokerage CLSA Ltd....

Hengqin line for Macau light rail starts operations Monday

Dec 02, 2024 Newsdesk Latest News, Macau, Top of the deck

The new “Hengqin Line” for Macau’s light rapid transit (LRT) system starts operations this afternoon (Monday, December 2). It will provide “citizens and tourists with a comfortable and quick...

Macau Nov daily GGR better than historical trends: analyst

Dec 02, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) of MOP18.44 billion (US$2.30 billion) in November was “slightly below initial estimates as a weak start to the month was offset by a strong second...

Court confirms Tak Chun boss prison sentence, reduces fine

Nov 29, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau’s Court of Final Appeal has confirmed the prison sentence of 13 years in aggregate for Levo Chan Weng Lin, former boss of now-defunct Macau casino junket operator Tak Chun Group. The...

Ainsworth expects higher 2H rev, flags cybersecurity incident

Nov 27, 2024 Newsdesk Latest News, Top of the deck, World

Slot machine maker Ainsworth Game Technology Ltd expects its second-half profit before tax to be down sequentially, despite an increase in revenue. The Australia-listed firm said it anticipated...

Governor confirms Nagasaki got IR questionnaire from govt

Nov 26, 2024 Newsdesk Japan, Latest News, Top of the deck

Nagasaki prefecture – last year passed over by the Japanese authorities as a host for a casino resort – received earlier this month a “questionnaire” from the Japan Tourism Agency...

Paradise Co launches customer lounge at Gimpo airport

Nov 26, 2024 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, has opened a new customer lounge at Gimpo International Airport, in the country’s capital, Seoul. The “Paradise Lounge”...

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Lee ‘SunBhie’ Jeong-jae – legendary coach of ambitious Aurora...

Dec 05, 2024

Sponsored feature | The young e-sports organisation Aurora Gaming was founded just two years ago with the support of title sponsor 1xBet. Today, it competes in several e-sports disciplines, including Counter-Strike 2, Apex Legends, Mobile Legends, and Warcraft. However, Asian e-sports fans are...