GGRAsia – Newsletter 5

Newsletter 5

Mainland China 1Q lottery sales up 2pct, down 13pct in Mar

Apr 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Sales of official lottery products in mainland China in the first three months of 2019 stood at nearly CNY106.37 billion (US$15.83 billion), up by 2.1 percent compared to the prior-year period,...

April Macau GGR dip likely, despite Easter uptick: analysts

Apr 23, 2019 Newsdesk Latest News, Macau, Top of the deck

The average daily rate of Macau casino gross gaming revenue (GGR) for the third week of April improved compared to earlier in the month to MOP800 million (US$99 million), “partly on higher...

APE parent warns of 1Q loss as operating costs rise

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Asia Pioneer Entertainment Holdings Ltd is warning investors that it expects to have made a loss in the first quarter of 2019 that is even bigger than the net loss of HKD1.7 million (US$216,619) it...

Beijing nods Hengqin’s tourism island proposal

Apr 18, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China’s State Council, said the...

Galaxy Ent in sponsorship deal for sports event in Japan

Apr 17, 2019 Newsdesk Industry Talk, Japan, Latest News

Macau casino operator Galaxy Entertainment Group Ltd says it has signed a two-year title sponsorship for a sports annual event designed to promote its business in Japan. The company is to sponsor...

Melco C2 Paphos casino Cyprus to open later this year

Apr 16, 2019 Newsdesk Latest News, Top of the deck, World

Melco International Development Ltd, a Hong Kong-listed investor in gaming resorts, says it expects to open later this year the fourth satellite casino allowed under its consortium-based gaming...

Macau tourist price index flat in first quarter

Apr 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s tourist price index recorded a year-on-year increase of 0.7 percent in the first quarter of 2019, according to data released on Monday by the city’s Statistics and Census Service. The...

Asia’s Panasonic, Entropy Cabinet welcomed to AGEM

Apr 12, 2019 Newsdesk Industry Talk, Latest News

Two Asian companies are among five new members admitted to the Association of Gaming Equipment Manufacturers (AGEM). In a press release issued on Thursday, AGEM says its board has approved...

Melco Intl awards Lawrence Ho US$3.8mln share options

Apr 11, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck

Lawrence Ho Yau Lung (pictured in a file photo), chairman and chief executive of casino investor Melco International Development Ltd, has been awarded share options in the company at an aggregate...

Ex-casino exec Gamal Aziz indicted in college bribery case

Apr 10, 2019 Newsdesk Latest News, Top of the deck, World

Gamal Abdelaziz, also known within the casino sector as Gamal Aziz, was among 16 people indicted on Tuesday by a federal grand jury in Massachusetts in the United States in connection with an...