GGRAsia – Newsletter 5

Osaka trio held in US$35mln launder case tied to online bets

Sep 13, 2024 Newsdesk Japan, Latest News, Top of the deck

Authorities in Osaka prefecture, a Japanese community scheduled to have a legal land-based casino resort by 2030, say they have arrested three people on allegations of laundering money from 10,000...

Philippine govt ready to support 27k local POGO workers

Sep 12, 2024 Newsdesk Latest News, Philippines, Top of the deck

The Philippine Department of Labor and Employment has said that nearly 27,000 Filipinos working in legal online offshore gaming operators in the country will be affected by the ban on the...

Macau casino GGR US$591mln for Sept 1-8: Citi

Sep 11, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for the first eight days of September is estimated at MOP4.75 billion (US$591.4 million), a daily run rate of about MOP594 million, said Citigroup in a...

Sam Hou Fai to run unopposed for Macau CE position

Sep 10, 2024 Newsdesk Latest News, Macau, Top of the deck

Sam Hou Fai, until recently president of Macau’s Court of Final Appeal, is to run unopposed for the role of Chief Executive (CE), the city’s top job. He received a total of 383 nominations drawn...

Everi’s EBITDA growth likely from 4Q: analyst

Sep 09, 2024 Newsdesk Industry Talk, Latest News, World

Brokerage B.Riley Securities Inc has lowered its estimates for adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) at casino equipment maker and financial technology...

Wynn Resorts in US$130mln settlement over money transfers

Sep 09, 2024 Newsdesk Latest News, Top of the deck, World

United States-based casino developer Wynn Resorts Ltd said on Friday that its subsidiary Wynn Las Vegas LLC had signed a non-prosecution agreement (NPA) with the U.S. Department of Justice (DOJ) and...

Konami, Aristocrat stocks lead AGEM Index gain in August

Sep 06, 2024 Newsdesk Industry Talk, Latest News

The AGEM Index, a measure of the stock prices of a range of casino technology suppliers, increased by 78.77 points to 1,502.26 in August, a 5.5 percent increase from the prior month. Compared to one...

Wynn Macau Ltd adjusts bond conversion price after dividend

Sep 04, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau casino business Wynn Macau Ltd says the conversion price of its US$600 million 4.50-percent convertible bonds due in 2029, will be adjusted subsequent to the company announcing the payment of...

NuxGame to offer LuckyStreak blackjack, roulette, baccarat

Sep 03, 2024 Newsdesk iGaming, Latest News

NuxGame, a business-to-business (B2B) software provider for the iGaming industry, is teaming with Latvia-based LuckyStreak to offer the latter’s live blackjack, roulette and baccarat on NuxGame’s...

Expo boss sees Japan ministers, eyes peace with MGM Osaka

Sep 02, 2024 Newsdesk Japan, Latest News, Top of the deck

The head of an international body overseeing Expo 2025 Osaka has had meetings with several government ministers in Japan, and now says issues regarding possible disruption from nearby construction of...