GGRAsia – Newsletter 3

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023 Newsdesk Latest News, Philippines, Top of the deck

Philippine casino operator and developer Bloomberry Resorts Corp announced on Friday plans to conduct a share placing and subscription transaction in order to raise up to PHP5.59 billion (US$98.6...

Galaxy Ent to build ice rink, bookshop at Macau old shipyards

Sep 28, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd is to help the government “revitalise” the Lai Chi Vun Shipyards in Coloane. The revamp project will be done in two phases,...

ASEAN, China agree to jointly fight gambling-related crime

Sep 27, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

A plan of action to tackle regional criminal activity associated with gambling was announced on Tuesday by officials from the Association of Southeast Asian Nations (ASEAN) together with China, as a...

Wynn Macau Ltd, Broadway Asia tie up for resident show

Sep 26, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Wynn Macau Ltd has announced a partnership with Broadway Asia, to “create the conceptual design” for a new resident show for the future Wynn Theater venue, to be located at...

Macau GGR at US$1.5bln in first 24 days of Sept: JP Morgan

Sep 26, 2023 Newsdesk Latest News, Macau, Top of the deck

Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12.0 billion (US$1.49 billion) in the first 24 days of September, or a daily run-rate of MOP500 million, according to estimates from...

Big players, tourists due for Golden Week say Macau experts

Sep 22, 2023 Newsdesk Latest News, Macau, Top of the deck

As a GGRAsia snapshot survey of booking engines for hotels within Macau casino resorts indicates very little spare accommodation for the upcoming autumn Golden Week, a number of industry commentators...

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Fitch Ratings Inc has affirmed the long-term issuer default rating of casino operator Genting Malaysia Bhd at ‘BBB’, an investment grade, according to a memo published on Wednesday. The ratings...

Osaka IR land anti-liquefaction initial cost down 38pct

Sep 20, 2023 Newsdesk Japan, Latest News, Top of the deck

The estimated initial cost to the authorities in Osaka, Japan, for work to counter the risk of liquefaction to the land where an integrated resort (IR) with casino is to stand, has been reduced by...

Pagcor taps Development Academy in reorganisation push

Sep 19, 2023 Newsdesk Latest News, Philippines, Top of the deck

The Philippine Amusement and Gaming Corp (Pagcor), the country’s gaming regulator, says it has partnered with the Development Academy of the Philippines (DAP), in order to push forward with the...

Macau premium mass dips, whales make Sept splash: Citi

Sep 18, 2023 Newsdesk Latest News, Macau, Top of the deck

Premium-mass segment wagers observed in banking institution Citigroup’s September snapshot survey of Macau gaming floors were down circa 8 percent month-on-month at about HKD8.8 million (US$1.1...