GGRAsia – Newsletter 3

Macau tour trade returns at historic areas, resorts says govt

Feb 06, 2023 Newsdesk Latest News, Macau, Top of the deck

On Monday (February 6) the first day of resumed tour-group business to Macau after a circa three-year suspension amid the Covid-19 pandemic, the city received six parties of visitors from the Chinese...

S.Korea casino op GKL’s January sales up 230pct y-o-y

Feb 03, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino sales at Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, rose by 230.2 percent year-on-year in January, to nearly KRW32.09 billion (US$26.1...

Aruze Gaming America opts financial rejig after legal matter

Feb 02, 2023 Newsdesk Industry Talk, Latest News, Top of the deck, World

Casino slot machine and electronic table game supplier Aruze Gaming America Inc on Wednesday said it was opting for voluntary financial restructuring under Chapter 11 of the United States’...

Macau ops track early recovery after Jan GGR: analysts

Feb 01, 2023 Newsdesk Latest News, Macau, Top of the deck

Most of Macau’s casino operators are likely to generate positive free cash flow in the first quarter, given the robust recovery level of mass-market gross gaming revenue (GGR) in January, relative...

Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Jan 31, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Border-casino operator Donaco International Ltd reported quarterly earnings before interest, taxation, depreciation and amortisation (EBITDA) of AUD1.78 million (US$1.25 million) for the fourth...

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023 Newsdesk Latest News, Macau, Top of the deck

A Macau court was offered evidence on Monday, including of recordings from police-wiretapped telephone conversation, that the prosecution says proves the direct involvement of Levo Chan Weng Lin...

Available Macau casino tables busy at tail of CNY hols

Jan 27, 2023 Newsdesk Latest News, Macau, Top of the deck

Some Macau casinos visited by GGRAsia on Thursday, actually had tables that were closed, notwithstanding strong consumer demand during Chinese New Year (CNY). The reasons for some tables being...

Public poll shows fears on POGOs, says Philippine lawmaker

Jan 27, 2023 Newsdesk Latest News, Philippines, Top of the deck

A Philippine lawmaker says public opinion on Philippine Offshore Gaming Operators (POGOs) would be an important factor when he and colleagues draft a Senate committee report on the economic and...

CNY may deliver 50pct pre-Covid mass GGR in Macau: JPM

Jan 25, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s tourism-market performance for the first four days of the Chinese New Year (CNY) break was “decent but not amazing,” says a Wednesday note from brokerage JP Morgan Securities (Asia...

Court denies Chau’s petition for more time to appeal: report

Jan 20, 2023 Newsdesk Latest News, Macau, Top of the deck

A Macau court has rejected a request from lawyers representing Alvin Chau Cheok Wa (pictured in a file photo), former boss of now-defunct casino junket Suncity Group Ltd, to extend the period to...