GGRAsia – Newsletter 4

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Cambodia’s tax authorities have reminded the respective managements of commercial gambling operations to declare all non-gaming business activities and pay appropriate taxes on them. The General...

Cyprus president says Melco CoD Mediterranean to aid nation

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

The President of the Republic of Cyprus, Nicos Anastasiades, says he expects the launch of integrated resort City of Dreams Mediterranean to bring “obvious benefits to the country’s economy”,...

Jaw-dropping wagers in Macau CNY survey: Citigroup

Feb 02, 2023 Newsdesk Latest News, Macau, Top of the deck

The tally of Macau gamblers was “down” in a casino floor-based January survey of the city’s premium mass and mass table games segments, but “average bet size was much higher” than in a...

RFKR submits year extension bid on S.Korea casino build plan

Feb 01, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

R&F Korea (RFKR), promoter of an under-construction leisure complex in South Korea due to have a foreigner-only casino, has asked the national authorities there for a fresh postponement of its...

Gaming-related crime in Macau down 30pct in 2022: police

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

Macau recorded 965 “gaming-related” crimes in full-year 2022, down 29.7 percent on the 1,372 identified in the previous year, according to the latest statistics published on Tuesday by...

Macau visitor momentum kept for post CNY weekend

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

The momentum of visitor volume to Macau was maintained even for the weekend immediately following mainland China’s designated seven-day holiday to mark Chinese New Year (CNY). There was in...

Okada Manila 4Q gaming revenue up 50pct y-o-y

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

The promoter of the Okada Manila casino resort (pictured) in the Philippine capital reported fourth-quarter gross gaming revenue (GGR) that rose 49.7 percent year-on-year, contributing to a full-year...

Cashless, process automation 2023 casino trend: JCM

Jan 26, 2023 Newsdesk Latest News, Trends & Tech

Japan-listed casino equipment supplier JCM Global said in a market-outlook posting on 2023 trends, that it expected to see “more casinos adopt cashless payment technology”, and “more automation...

Sands China 4Q EBITDA loss down q-o-q, rev up 72pct

Jan 26, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

The quarterly loss on adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) for Macau casino operator Sands China Ltd narrowed sequentially in the three months...

Casino money change scam risk as Macau recovers: police

Jan 19, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s Judiciary Police are proposing collaboration with local casino security and surveillance departments for a “targeted” approach to combat illicit currency exchange activities, a...