GGRAsia – Newsletter

Claimed bank freeze not hurt Okada Manila: Kazuo Okada

Jun 21, 2022 Newsdesk Latest News, Philippines, Top of the deck

A Monday press release issued in behalf of the “Kazuo Okada group” said that what it termed a “purported bank freeze” on accounts linked to the Okada Manila casino resort in the Philippine...

Alvin Chau, Suncity trial set for September 2: court

Jun 20, 2022 Newsdesk Latest News, Macau, Top of the deck

The trial of Alvin Chau Cheok Wa (pictured in a file photo), and other defendants linked to the now-defunct Macau casino junket Suncity Group, is set to begin on September 2. That is according...

36 Macau Covid cases, June GGR forecast 9pct of June 2019

Jun 20, 2022 Newsdesk Latest News, Macau, Top of the deck

The number of confirmed Covid-19 cases in Macau rose to 36 by the time of a Monday afternoon briefing, up from 31 confirmed overnight, in the city’s first outbreak since October. The updated figure...

Some non-gaming at Macau resorts shut, hotels running

Jun 20, 2022 Newsdesk Latest News, Macau, Top of the deck

Most restaurants at Macau gaming resorts are temporarily closed, with a few offering only takeaway service, according to notices posted on the venues’ respective websites. Some of the venues...

Philippines stays under enhanced monitoring: FATF

Jun 20, 2022 Newsdesk Latest News, Philippines, Top of the deck

The Philippines has remained on the “grey list” of the Paris-based watchdog the Financial Action Task Force (FATF), regarding jurisdictions that require extra monitoring in relation to risk of...

Universal Ent says 3 banks froze Okada Manila accounts

Jun 20, 2022 Newsdesk Latest News, Philippines, Top of the deck

Universal Entertainment Corp, which is disputing control of the Okada Manila casino resort (pictured in a file photo) with its ousted founder Kazuo Okada, said in a Sunday press release that Okada...

Macau Covid cases rise to 31, brokerage says GGR to plunge

Jun 19, 2022 Newsdesk Latest News, Macau, Top of the deck

The first major outbreak of Covid-19 in Macau since October last year has seen the total number of confirmed cases rise to 31 – with 13 of an initial 21 patients showing no symptoms. The...

Galaxy satellite Waldo Casino ops continue to Dec 31

Jun 17, 2022 Newsdesk Latest News, Macau, Top of the deck

Waldo Casino, a Macau satellite operation at Waldo Casino and Hotel (pictured) using Galaxy Entertainment Group Ltd’s licence, “will remain in operation until the end of this year,” said a...

SJM staff cost risk on exposure to satellites: analysts

Jun 17, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd is likely to face an increase in its staff costs due to the satellite casino issue, and could face further such liabilities if third-party promoters of such...

Donaco to restart gaming operations at Star Vegas

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

Australia-listed casino operator Donaco International Ltd says casino operations at its Star Vegas Club and Casino (pictured in a file photo) at Poipet, on Cambodia’s border with Thailand, “will...