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Industry
July 6, 2022
JP Morgan Says Re-Tendering of Macau Casino Licenses Imminent
Tuesday’s reveal of Macau’s re-tendering rules caught some by surprise. Analysts and concessionaires responded with cautious optimism about the new rules, pointing out that the last time the industry underwent re-regulation, it took Macau around a month to publish the new rules. That was in 2021. Re-Tendering Rules Arrival Could Mean Imminent Launch of Process […]
Industry
July 5, 2022
Macau Posted the Rules for Re-tendering Casino Licenses
Macau’s government just unveiled the rules for the re-tendering of the region’s gambling licenses. There will be several criteria by which the government will decide whether to license a company or not. Macau Seeks Companies that Can Revitalize the Sector Today, the Macau government published the rules for the re-tendering of the special administrative region’s […]
Casino
July 5, 2022
New MGM-branded Hotel to Open in Shanghai
In a joint venture with Diaoyutai State Guesthouse, MGM Resorts International has announced that it is going to open an MGM hotel in Shanghai called MGM Shanghai West Bund, which will sport 219 guest rooms and suites. The new project will help MGM grow its presence in mainland China. The New MGM-branded Hotel The MGM-Diaoyutai […]
Casino
July 5, 2022
Alvin Chau May Have Shorthanded Macau $1B Worth of Tax
The fall from grace of Alvin Chau, the prominent casino junket boss in Macau, whose Suncity Group was running an extensive business in the special administrative region and beyond, may have “cheated” the gambling industry in the hub out of $1 billion in tax revenue, Asia Nikkei reported. Alvin Chau’s Syndicate Explained by Prosecutors Chau […]
Casino
July 4, 2022
Kazuo Okada Issues First Statement Since Okada Manila Takeover
Japanese billionaire Kazuo Okada, the founder of Okada Manila, has finally issued a statement regarding the ongoing dispute over the casino resort, which he took control over together with Antonio “Tonyboy” Cojuangco and Dindo Espeleta on May 31. Kazuo Okada’s Statement In his statement, directed toward the staff of the Okada Manila casino resort, Okada […]
Casino
July 4, 2022
Sega Sammy’s Genesis Crest 43 J Cabinet Raises Standards
Sega Sammy Creation Inc announced on Friday that the company is close to releasing its new cutting-edge gaming cabinet, Genesis Crest 43 J, across markets in Asia. The company confirmed that the new cabinet will come with a strong hardware core and a slick designer’s look. The cabinet uses a 43” J-curve monitor that renders […]
Casino
July 4, 2022
Andrea Domingo to Remain Chair and CEO of PAGCOR
Philippines President Ferdinand Marcos Jr known by his moniker “Bongbong” has announced that the country plans no immediate replacement of the gaming regulator’s head. PAGCOR chairwoman and CEO Andrea Domingo will remain in the position and will not be replaced by George Erwin Garcia, a lawyer whose name was floated on social media as a […]
Casino
July 1, 2022
S. Korea Travel Policies to Not Immediately Benefit GKL
GKL, an operator running three foreigner-exclusive casinos in South Korea, spoke with GGRAsia about how travel laws will affect its business. According to the casino company, the recently-eased restrictions will not immediately help its business pick up. Visa Issuing Still Takes a Long Time Two days ago, the Ministry of Justice of South Korea announced […]
Casino
July 1, 2022
Century Entertainment to Run Table Games in Cambodia
Century Entertainment International Holdings, a gaming and entertainment investment company, just shared its results for the 2021/2022 fiscal year. The report also outlined the business’ plans of launching gaming tables in Cambodia. Century Entertainment to Launch Table Games in Dara Sakor Yesterday, Century Entertainment posted its financial results for the previous year. Judging from the […]
Casino
July 1, 2022
Report: Macau COVID-19 Outbreak Forces 90% of Staff to Go Home
The COVID-19 outbreak in Macau seems to be ravaging the city unchecked. Cautious optimism that the flare-up may die down through a mix of phased lockdowns is now all but untenable, and the caseload has already surpassed 620 infections, the highest it has ever been since the new virus was first detected in December 2019. […]
