GGRAsia – Newsletter 4

More scrutiny on Macau junkets negative to sector: Daiwa

Oct 26, 2015 Newsdesk Latest News, Macau, Top of the deck

The announcement of stricter accounting rules for junket operators in Macau starting next year “is incrementally negative to the sector as the increased scrutiny comes at a time of continued...

GEN HK acquires Singapore nightclub: reports

Oct 23, 2015 Newsdesk Latest News, Singapore, Top of the deck

Genting Hong Kong Ltd – an operator of casino cruise ships in the Asia Pacific region and a partner in a major Philippines casino resort – has added a prominent Singapore nightclub to its...

Galaxy Macau, Broadway get 100 new tables: govt

Oct 22, 2015 Newsdesk Latest News, Macau, Top of the deck

Galaxy Macau casino resort Phase 2 and casino hotel Broadway Macau (pictured), both operated by Galaxy Entertainment Group Ltd, are to get a total of 100 new-to-market mass gaming tables from the...

Golden Week rally not sustained in Macau: analysts

Oct 20, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau’s October gaming revenues have been unable to sustain the seasonal rally seen during the Golden Week holiday in China at the beginning of the month, say several brokerages. “Our channel...

Sands China CFO stepping down

Oct 19, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd announced on Sunday the resignation of its chief financial officer with effect from April 15 next year. The filing to the Hong Kong Stock Exchange said Toh Hup...

Sands tops out Eiffel Tower replica at Parisian Macao

Oct 16, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Sands China Ltd on Thursday topped out the Eiffel Tower replica at the Parisian Macao. The company said the US$2.7 billion French-themed casino resort remains on track to...

Macau police tighten casino monitoring amid GGR slowdown

Oct 15, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Security, Wong Sio Chak (pictured), said on Wednesday that the police have strengthened actions to prevent and combat illegal activities at the city’s casinos. Mr Wong added...

FDI to Macau’s gaming sector falls 55 pct in 2014

Oct 14, 2015 Newsdesk Latest News, Macau, Top of the deck

Inward foreign direct investment (FDI) to Macau’s gaming sector fell 55.3 percent year-on-year in 2014, show official data published on Tuesday. Information from the city’s Statistics and Census...

Paradise Ent installs ETGs at casino Lan Kwai Fong

Oct 13, 2015 Newsdesk Industry Talk, Latest News, Macau, Top of the deck

Electronic gaming machine maker Paradise Entertainment Ltd said it has installed 63 Live Multi Game (LMG) terminals at casino hotel Lan Kwai Fong (pictured) in Macau. The new electronic gaming area...

Casino self-exclusions in Macau on the rise

Oct 12, 2015 Newsdesk Latest News, Macau, Top of the deck

The number of people who applied for the Macau government’s voluntary casino self-exclusion programme is likely to set a new annual record in 2015. Data from the city’s Gaming Inspection and...