GGRAsia – Newsletter 4

Macau has best non-holiday weekly GGR in 3 years: analysts

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

Macau average daily gross gaming revenue (GGR) continued in the third week of February to be higher than the January average, the latter month the period of Chinese New Year, says JP Morgan...

S. Korea PM says flights to China to increase by end-Feb

Feb 17, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korea will increase the number of flights between the country and China to 80 a week by the end of this month, and further to 100 a week from March, said South Korea Prime Minister Han Duck-soo...

Tourist non-gaming spending in Macau up 67pct q-o-q in 4Q

Feb 17, 2023 Newsdesk Latest News, Macau, Top of the deck

Total spending by tourists in Macau in the fourth quarter of 2022, excluding gambling expenses, increased by 66.6 percent compared to the previous quarter, to MOP4.83 billion (US$603.8 million), said...

Mohegan announces new amendment to credit agreement

Feb 15, 2023 Newsdesk Industry Talk, Latest News

United States-based casino operator Mohegan Tribal Gaming Authority says it has agreed with some of its lenders to a second amendment to an existing credit agreement. The firm is currently developing...

Macau in top 10 for mainland, HK tourists: VISA survey

Feb 14, 2023 Newsdesk Latest News, Macau, Top of the deck

A newly-published survey by payments brand VISA indicates Macau is in the top-10 places to visit for poll respondents from mainland China and Hong Kong. The two markets jointly provided the majority...

JCM gaming sales up 60pct in 9 months to December

Feb 13, 2023 Newsdesk Japan, Latest News, Top of the deck

Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of nearly JPY1.46 billion (US$11.0 million) in the nine months to December 31. Such profit was up 10.8 percent...

Vietnam’s Da Lat city mulls casino to boost economy

Feb 13, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

The authorities in Da Lat, the capital city of Lam Dong province, in southern Vietnam, are considering a plan to host a casino and a new night market, in a bid to boost the local economy, reported...

AGTech to supply shows, events to Galaxy ICC

Feb 09, 2023 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed AGTech Holdings Ltd says it has a three-year “strategic agreement” with Galaxy ICC & Arena Ltd, a subsidiary of Macau casino operator Galaxy Entertainment Group Ltd, for...

Defence and prosecution appeal sentence in Alvin Chau case

Feb 08, 2023 Newsdesk Latest News, Macau, Top of the deck

The defence and the prosecution have respectively appealed against a Macau court’s sentencing decision that encompassed Alvin Chau Cheok Wa, former boss of now-defunct Macau casino junket...

Crane aims to complete split into 2 listed entities by April 3

Feb 08, 2023 Newsdesk Industry Talk, Latest News

Crane Holdings Co, a provider of products to sectors including the casino industry, says the group intends to complete the split into two listed entities “on April 3,” this year. In a...