GGRAsia – Newsletter 5

Macau gaming tax revenue tops US$6.4bln in year to Oct

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

The Macau government collected MOP51.55 billion (US$6.42 billion) in fiscal revenue from taxes on gaming in the first ten months of this year, according to the latest data released on Thursday by the...

iGaming-related body established in Timor-Leste

Nov 15, 2023 Newsdesk iGaming, Latest News

A newly established body in Timor-Leste aims to promote the licensing and regulation of the iGaming industry in the country, according to a Tuesday press release. The Virtual Gaming Association of...

Ainsworth launches strategic review, explores opportunities

Nov 14, 2023 Newsdesk Latest News, Top of the deck, World

Casino slot machine maker Ainsworth Game Technology Ltd has confirmed that it has appointed Macquarie Capital as its financial advisor as it conducts a “review of all potential opportunities...

Macau 4Q GGR to rise 12pct q-o-q, stock dip overdone: JPM

Nov 13, 2023 Newsdesk Latest News, Macau, Top of the deck

JP Morgan Securities (Asia Pacific Ltd) says it is “not worried” by a Friday correction in Macau casino stock prices, which fell between 2.5 percent and 12.7 percent at the close of trading on...

South Korea casino op GKL posts US$9mln profit in 3Q

Nov 09, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, posted in the third quarter a 39.3 percent sequential increase in net profit attributable to the shareholders....

‘emoji ALL STARS’ branded slot game with Aristocrat Gaming

Nov 08, 2023 Newsdesk Latest News, Trends & Tech

Germany-based business emoji company GmbH has partnered with Aristocrat Gaming, the casino-equipment business of Aristocrat Leisure Ltd, to launch a branded “emoji ALL STARS” slot machine...

‘Timber Stacks’ slot offers wild fun, says Pragmatic Play

Nov 07, 2023 Newsdesk iGaming, Latest News

“Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5...

Crane NXT 3Q sales grow 5pct y-o-y, has US$52mln profit

Nov 07, 2023 Newsdesk Industry Talk, Latest News

Crane NXT Co, a maker of products including ones for the gaming sector, reported net sales of US$352.9 million for the third quarter this year, a 5.3-percent rise from the prior-year period. The...

Record 3Q sees 17mln YTD SOFTSWISS Affilka player signups

Nov 03, 2023 Newsdesk iGaming, Latest News

The three months to September 30 saw the highest quarterly tally this year for new-player registrations for affiliate accounts using the SOFTSWISS Affilka platform for online gaming operators. The...

S.Korea ops Paradise, GKL see Oct dip in bet revenue m-o-m

Nov 03, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino revenue at Paradise Co Ltd, and at Grand Korea Leisure Co Ltd (GKL), operators in South Korea of foreigner-only gaming venues, respectively fell month-on-month in October. The information was...