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Industry
December 10, 2021
Border Restrictions Easing Between Macau, Hong Kong and China
According to the South China Morning Post (SCMP), Beijing has given final approval for dropping its hard border with Hong Kong. This allows fully vaccinated Hong Kong residents to travel without quarantine to Guangdong Province or Macau. New Travel Rules Coming Soon After Hong Kong’s legislative elections on December 19, the scheme will go into […]
Business
December 9, 2021
Okada Manila IR Operator Changed Name Ahead of NASDAQ Listing
The global trend of rebranding did not pass by integrated casino resort operators after Okada Manila International, Inc., owner of the largest integrated resort in the Philippines. Okada Manila, announced today a corporate name change to “UE Resorts International, Inc.” New Chapter, New Name The new business entity UE Resorts International will continue on the […]
Business
December 9, 2021
Vietnamese Online Gaming Brand Looks to Raise Cash, Launch US IPO
VNG Corp., a rapidly-growing Vietnamese online casino operator, seeks to raise as much as $300 million in investments. It is also reportedly eyeing a public launch of its shares on a US stock exchange. VNG Finds Rapid Growth Recently, reports surfaced that VNG is seeking to raise $200m to $300 million from GIC Pte., Singapore’s […]
Industry
December 8, 2021
Nagasaki Enhances IR Design to Better Reflect Prefecture’s Goals
Nagasaki’s integrated Resort (IR) may look different from previous drafts. Although the project’s look has been updated by the prefecture, the cost will likely remain the same. Nagasaki Sculpting its IR Future According to GGRAsia, Nagasaki made the decision to improve the architectural appearance of the IR to “enhance symbolism” the property. However, the resort’s […]
Industry
December 8, 2021
Macau’s Junket Days Reported to be Over
The world’s largest casino junket market could soon disappear. Reports this week claimed that Macau has called for a halt to junket operations. The SAR has also reportedly ordered junkets not to loan money to VIP clients. The End of a Junket Era in Macau Macau’s casino concessionaires could end all contracts with junket proponents, […]
Industry
December 7, 2021
Macau’s Casinos Report Slight Uptick in Revenue for Early December
Macau casino gross gaming revenues (GGR) increased 14% in the first week of December, according to a Monday note by brokerage Sanford C. Bernstein Ltd. Daily mass-market GGR rose by 20% compared with November’s daily average. December Starts Strong For Macau According to the brokerage, the average daily rate for GGR from December 1 through […]
Casino
December 6, 2021
Thailand Shows Interest in Opening Casino Resorts in the Near Future
The parliament of Thailand will be launching a study to possibly introduce casino gaming as MPs supported the idea unanimously last week, bar a few dissident voices. At the moment, it remains unclear as to how many casino resorts would be legalized, nor where are they going to be located should the legalization move proceed […]
Business
December 6, 2021
Craig Billings Confirmed as new Wynn Macau Boss Starting February
Wynn Macau confirmed that it will follow the US parent Wynn Resorts’ lead. It has decided to appoint Craig Billings to be the new CEO of the company once Matt Maddox leaves early next year. Billings Takes the Helm Billings will assume the role and will be redesigned from a non-executive director to an executive […]
Industry
December 6, 2021
Hong Kong Not Deterred by Omicron As Travel Restrictions to be Lifted
In a significant step towards opening its borders to mainland China and Macau, the Hong Kong government announced that it will open the new “Hong Kong Health Code” system for registration starting this Friday, December 10. Hong Kong Recovery Continues The new system, which aligns with the respective health code tracking systems of the three […]
Blockchain
December 6, 2021
Vietnam Takes Down $3.8B Crypto Gambling Ring
Vietnamese police authorities have busted a crypto gambling ring estimated at $3.8 billion based on the amount of gamblers’ money contributed. The news comes from Bloomberg, citing a report by state-owned broadcaster VTV. According to the report, this is one of the largest underhand crypto gambling operations discovered in the country, with a total of 59 suspects arrested. Arrests […]