GGRAsia – Newsletter 5

Jeju Dream Tower 1Q casino revenue up 29pct q-o-q

May 17, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

The casino at the Jeju Dream Tower resort (pictured), in the capital of the South Korean holiday island of Jeju, recorded KRW18.5-billion (US$14.5-million) in gaming revenue for the three months to...

Macau repeat visitors denied visa by China says Bernstein

May 16, 2022 Newsdesk Latest News, Macau, Top of the deck

The “latest channel checks have indicated that frequent gamblers to Macau have seen visa issuance denied by China immigration offices,” says a Monday memo from brokerage Sanford C. Bernstein Ltd,...

Galaxy Macau Phase 4 finish target 2024: Francis Lui

May 13, 2022 Newsdesk Latest News, Macau, Top of the deck

Building of Phase 4 at the Galaxy Macau casino resort, in Macau’s Cotai district, could be completed “in 2024″, says Francis Lui Yiu Tung (pictured in a file photo), deputy chairman...

IGT floor system, slots for newcomer Cebu casino NUSTAR

May 12, 2022 Newsdesk Latest News, Philippines, Top of the deck

Gaming equipment supplier International Game Technology Plc (IGT) says it is supplying its IGT Advantage casino management system and IGT games and machine cabinets to NUSTAR Resort and Casino, a new...

Suncity listco to sell some units, US$16mln gain expected

May 11, 2022 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Casino investor Suncity Group Holdings Ltd says it has an agreement to sell two groups of wholly-owned subsidiaries, for an aggregate consideration of HKD1.00 (US$0.13). The announcement was made on...

Macau daily GGR up 108pct w-o-w, hols helped: Bernstein

May 10, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s daily casino gross gaming revenue (GGR) from May 1 to 9 inclusive, is estimated to have reached MOP200 million (US$24.7 million), up by 108 percent by roughly week-on-week comparison,...

Pragmatic Play unveils US$3mln cash prize for online games

May 06, 2022 Newsdesk iGaming, Latest News

Pragmatic Play Ltd, an online gaming content provider, announced on Thursday it was offering a US$3-million cash prize pool under its “Asian-focused” ‘Daily Wins’ promotion series for...

April AGEM Index of gaming tech stocks down 10pct m-o-m

May 05, 2022 Newsdesk Industry Talk, Latest News

The AGEM Index, tracking stock prices for major publicly-listed makers of gaming equipment, fell in April by 92.98 points to 862.42, marking a 9.7 percent decrease from the prior month. Compared to...

Paradise Co casino revenue dips 8pct m-o-m in April

May 03, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

April casino revenue at Paradise Co Ltd, an operator of foreigner-only gaming venues in South Korea, fell 7.6 percent sequentially, to KRW17.22 billion (US$13.5 million), from KRW18.64 billion in...

‘Carnival Cow’ another progressive slot hit: L&W team

Apr 29, 2022 Newsdesk Latest News, Trends & Tech

The “Coin Combo” family of casino slot titles – and its recently-launched game “Carnival Cow” (pictured) on the new Kascada cabinet – is “doing very well in Asian markets,” says Ankur...