GGRAsia – Newsletter 4

Newsletter 4

U.S. sanctions Cambodia casino biz owner Ly Yong Phat

Sep 13, 2024 Newsdesk Latest News, Rest of Asia, Top of the deck

The United States authorities announced on Thursday they are sanctioning a Cambodian businessman named Ly Yong Phat – described as owner of the “O-Smach Resort” casino property in a northern...

Macau CE candidate meets casino heads, urges healthy sector

Sep 13, 2024 Newsdesk Latest News, Macau, Top of the deck

Sam Hou Fai, who will run unopposed for the role of Macau’s Chief Executive (CE), met on Thursday with the heads of the city’s six casino concessionaires, according to a press release from his...

Bloomberry confirms land for new casino project in Cavite

Sep 11, 2024 Newsdesk Latest News, Philippines, Top of the deck

Philippines-based casino operator Bloomberry Resorts Corp has confirmed that it is in the final stages of acquiring a plot of land for a new casino resort project in Paniman, a coastal community in...

LVS to pay US$103mln to up Sands China stake to circa 72pct

Sep 10, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau casino concessionaire Sands China Ltd says its U.S.-based parent, Las Vegas Sands Corp (LVS), plans to increase its holding in the Macau unit to nearly 72 percent, from the existing 71.02...

International Ent expects 12-mth loss of at least US$17mln

Sep 10, 2024 Newsdesk Latest News, Philippines, Top of the deck

Hong Kong-listed International Entertainment Corp says it expects a loss attributable to its owners of “no less than HKD135 million” (US$17.3 million) for the 12 months to June 30 this year. That...

Macau 2023 gaming sector opex up 237pct post-Covid

Sep 06, 2024 Newsdesk Latest News, Macau, Top of the deck

Operating expenses (opex) across the Macau gaming sector stood at just above MOP31.07 billion (US$3.95 billion) in 2023. The figure was up 236.7 percent year-on-year, coinciding with travel and other...

Sands China, Agoda to launch marketing campaigns in 4Q

Sep 05, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd has announced a partnership with digital travel platform Agoda, aiming to “promote Macau to an international audience,” it said in a Thursday press release....

‘Thunderstorm 2024′ nets 200 plus in Macau crime sweep

Sep 04, 2024 Newsdesk Latest News, Macau, Top of the deck

A total of 213 suspects was held in Macau during a cross-border anti-crime sweep this summer aimed at the Macau gaming sector and involving Macau, Hong Kong and mainland authorities....

Summer passengers 82pct of Jul-Aug 2019: Macau airport

Sep 03, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau International Airport saw a throughput of 1.47 million passengers in July and August, said the hub’s operator in an update. Based on GGRAsia’s review of the airport’s data, it...

GKL casino sales more than double m-o-m in August

Sep 02, 2024 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino sales in August at Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, jumped 114.7 percent month-on-month, to nearly KRW41.28 billion (US$30.8 million),...

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The most popular gambling games and slots in Asia, according to 1xBet

Aug 16, 2024

For global betting company 1xBet, Asia is a key market for several reasons. Firstly, it is the largest region in terms of population and density, home to about 5 billion people, or 60 percent of the world’s total. Secondly, Asia’s gambling entertainment history spans thousands of years, with...