GGRAsia – Newsletter 3

Rights issue by Macau casino op SJM oversubscribed

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

A rights issue that had been launched at the end of August by Macau-based casino operator SJM Holdings Ltd has been oversubscribed, said the firm in a Wednesday filing. SJM Holdings received a total...

HK inbound quarantine end no help if Macau’s kept says Wu

Sep 21, 2022 Newsdesk Latest News, Macau, Top of the deck

Even if Hong Kong drops its inbound quarantine soon, as hinted on Tuesday by that city’s Chief Executive, John Lee Ka-chiu, it would make little difference to Macau’s tourism sector, as long as...

Some SJM Holdings directors applied for excess rights shares

Sep 20, 2022 Newsdesk Latest News, Macau, Top of the deck

A number of directors at Macau casino operator SJM Holdings Ltd has applied for excess rights shares following the firm’s launch of a rights issue at the end of August, according to the latest...

LET gets US$51mln loan, Summit Ascent shares as security

Sep 20, 2022 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed casino investor LET Group Holdings Ltd – formerly known as Suncity Group Holdings Ltd – has a deal for a HKD400-million (US$51.0-million) loan facility from four sources...

Macau daily visitor tally 20k first time since June outbreak

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

Macau’s daily tally of visitors reached 23,362 on September 16, said the Macao Government Tourism Office (MGTO) in a Saturday update. It was the highest level since a local outbreak of Covid-19...

Andrew Lo raises offer price for ex Suncity listco shares

Sep 15, 2022 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Parties acting on behalf of a company controlled by Andrew Lo Kai Bong, a former business associate of ex-Macau junket boss Alvin Chau Cheok Wa, have agreed to meet the greatly-increased HKD0.0690...

VIP gaming area launched at NUSTAR: promoter

Sep 14, 2022 Newsdesk Latest News, Philippines, Top of the deck

NUSTAR Resort and Casino, a new tourism complex in Cebu in the Philippines, has launched a “VIP gaming area”, the property promoter said in a Tuesday social media update. It is said to be open to...

42pct HK bettors are shy of casinos post Covid: survey

Sep 13, 2022 Newsdesk Latest News, Macau, Singapore, Top of the deck

Among self-declared gamblers that took part in a YouGov poll in Hong Kong, 42 percent said they had strong concerns about visiting a land-based casino in the aftermath of the Covid-19 pandemic. The...

Universal Ent affirms crime complaint in HK vs Kazuo Okada

Sep 13, 2022 Newsdesk Latest News, Philippines, Top of the deck

Japanese conglomerate Universal Entertainment Corp affirmed in a Monday press release that it had filed a criminal complaint in Hong Kong (pictured), regarding its ousted founder Kazuo Okada’s May...

Unlikely serious Macau bidder beyond 6 ops now: panel

Sep 08, 2022 Newsdesk Latest News, Macau, Top of the deck

It is unlikely that any serious contender other than the six existing Macau gaming concessionaires will emerge from the public tender application process for up to six new 10-year gaming...