GGRAsia – Newsletter 5

Malaysia’s Soyza is Macau Poker Cup 27 champion

Sep 11, 2017 Newsdesk Industry Talk, Latest News, Macau

Malaysia’s Michael Soyza won nearly HKD2.04 million (US$261,080) as champion of the 27th edition of the Macau Poker Cup, which concluded at the City of Dreams Macau casino resort in Cotai on...

Adelson fivefold base salary rise from Las Vegas Sands

Sep 08, 2017 Newsdesk Latest News, Macau, Top of the deck, World

Sheldon Adelson, the chairman and chief executive of U.S.-based casino operator Las Vegas Sands Corp, is to get a fivefold rise in base salary from the firm. That is according to a new employment...

MGM China in typhoon relief scheme for Macau SMEs

Sep 07, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd has launched what it calls a “relief programme” to help support local small- and medium-sized enterprises (SMEs) in the aftermath of Typhoon Hato. The...

MGM Resorts announces share buy-back, chief digital officer

Sep 06, 2017 Newsdesk Latest News, Top of the deck, World

U.S.-based casino operator MGM Resorts International has adopted a US$1.0 billion stock repurchase initiative, it announced in a Tuesday press release. “Our new share repurchase programme…...

Rise of 60pct in Macau gamblers fined for smoking

Sep 05, 2017 Newsdesk Latest News, Macau, Top of the deck

A total of 538 people received cash fines in Macau in the first seven months of 2017 for smoking in unauthorised areas inside the city’s casinos, according to government data. That is an increase...

Macau GGR growth comps harder in next months: analysts

Sep 04, 2017 Newsdesk Latest News, Macau, Top of the deck

Casino gross gaming revenue (GGR) in Macau could expand by 10 percent year-on-year in 2017 says a note from investment research firm Morningstar Inc. Up to the end of August, the cumulative...

Macau casino firms pledge US$27mln for typhoon relief

Sep 01, 2017 Newsdesk Latest News, Macau, Top of the deck

Cash donations totalling MOP215 million (US$26.7 million) had been pledged by Macau casino companies as of Friday for relief efforts to deal with the effect of Typhoon Hato, in addition to the firms...

Success Universe first half loss widens by 67pct

Aug 31, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino investor Success Universe Group Ltd posted a net loss of approximately HKD21.1 million (US$2.7 million) for the six months to June 30, compared to a loss of HKD12.6 million in the...

China lottery sales up 4.2 pct in July

Aug 30, 2017 Newsdesk Industry Talk, Latest News, Rest of Asia

Mainland China’s total July sales from official lottery products increased by 4.2 percent year-on-year to approximately RMB33.76 billion (US$5.13 billion), according to official data from the...

Success Dragon shares jump as firm takes in new investor

Aug 29, 2017 Newsdesk Industry Talk, Latest News

Gaming services firm Success Dragon International Holdings Ltd saw its stock rise 30.6 percent on Monday trading in Hong Kong, as the firm took on a new investor. Success Dragon said in a filing that...