GGRAsia – Newsletter 4

4Q decline in Macau gaming workforce with few vacancies

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

The number of full-time workers in the Macau gaming sector declined to 52,174 as of the fourth quarter in 2022, down 4.9 percent year-on-year, with average earnings – excluding bonuses –...

S.Korea casino op GKL’s February sales soar to US$28mln

Mar 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 437.2 percent year-on-year in February, to just above KRW36.77 billion...

Paradise Co casino sales top US$34mln in February

Mar 02, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported casino revenue of KRW44.67 billion (US$34.0 million) for February 2023, according to a Thursday filing to the Korea...

Everi US$27mln profit in 4Q, revenue up 14pct y-o-y

Mar 02, 2023 Newsdesk Industry Talk, Latest News

Casino equipment maker and financial technology (fintech) supplier Everi Holdings Inc posted fourth-quarter net income of US$27.0 million, on revenue that rose by 13.9 percent year-on-year, to...

Galaxy Ent moves Mecca to independent non-exec director

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

Macau-based casino operator Galaxy Entertainment Group Ltd has redesignated non-executive director Michael Mecca (pictured in a file photo) as an “independent non-executive director” of...

Notable drop in underemployed Macau gaming workers: govt

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

Macau’s unemployment rate stood at 3.4 percent in the three months to January 31, down 0.1 percentage point from the previous recorded data spanning October to December 2022. The underemployment...

Genting may monetise assets in bid for NY licence: analyst

Feb 24, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Global casino operator Genting Malaysia Bhd “will try to monetise non-core assets” as part of its bid for a commercial casino licence in downstate New York, in the United States, stated Maybank...

Aristocrat biz performance ‘encouraging’: CEO Croker

Feb 24, 2023 Newsdesk Industry Talk, Latest News

The chief executive and managing director of slot-machine maker and game-content provider Aristocrat Leisure Ltd says the group’s performance so far in the financial year that started October 1,...

Korea cuts post arrival Covid test on travellers via China

Feb 22, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

From March 1, South Korea will no longer require travellers inbound via China to take a post-arrival test for Covid-19 infection. The move was on the basis that the Covid-19 situation in China...

Singapore aims to up flights with China to pre-Covid levels

Feb 21, 2023 Newsdesk Latest News, Singapore, Top of the deck

Singapore’s Minister of Foreign Affairs Vivian Balakrishnan says the city-state’s authorities aim to see the number of flights and other connections with China returning to pre-Covid 19...