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Business
January 18, 2022
Mass-Market Gaming the Big Winner in Macau in 4Q2021
Mass gaming is going to be the big driver of gross gaming revenue (GGR) in Macau. This trend already began last year and will become more pronounced as junkets continue to lose their spot. The last quarter of 2021 saw how important the mass-market gaming segment was for the city’s GGR, blowing away the VIP […]
Business
January 18, 2022
Genting Hong Kong Waves the White Flag, Files for Bankruptcy Protection
Genting Hong Kong has been denied its only hope. The company, a division of Genting Group, was ruled out by a German court as the cruise operator sought funding from the State of Mecklenburg Vorpommern in the amount of $88 million. Now, the company is being forced to file for bankruptcy protection. Genting Hong Kong […]
Industry
January 17, 2022
Macau Clarifies More of What’s In Store for Casino Operators
Macau continues to clear the air on what’s in store for casino operators over the next several months. Officials have released more details about what is likely in store with the city’s updated gambling laws, and the details have operators and analysts a little less tense over the future. Macau Concessions to Remain at Six […]
Industry
January 14, 2022
Macau Recovery Slows as New COVID-19 Restriction Emerges
Macau felt that the worst was behind it when it seemed COVID-19 was no longer going to threaten the city. It began easing travel restrictions between the casino city and mainland China, hoping to see an influx of visitors. The numbers haven’t been where the city expected and might not be for some time to […]
Sports
January 13, 2022
New Proposal in Armenia Plans to Change Gambling Advertising
Lawmakers from the Republic of Armenia may be looking to introduce significant changes to the country’s gambling advertising laws. Initiative in Armenia Proposes to Restrict Gambling Advertising A newly endorsed initiative may significantly change the way gambling companies advertise in Armenia. On Wednesday this week, a new proposal was introduced during a sitting of the […]
Industry
January 13, 2022
Macau Continues to Tweak Pandemic Monitoring Tools
Macau is hoping to get a hold of how COVID-19 spreads across the special administrative region (SAR), and the truth is it already has. The past two years have seen the region tackle COVID-19 by keeping the infection rates incredibly low. Then, an Omicron variant was detected, prompting the SAR to introduce a two-week ban […]
Casino
January 13, 2022
JP Morgan Says US Casinos in Macau Already Seen the Worst
Days after Fitch calmed investor fears that US casinos in Macau may be in for a rough year ahead, JP Morgan, another respected investment bank, upgraded the stocks of the US-owned casinos in the special administrative region from Neutral to Overweight. This reflects a positive outlook for the properties tied to their US owners, including […]
Casino
January 12, 2022
US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim
Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a […]
Business
January 12, 2022
MegaLuck Casino in Jeju, South Korea May Be Out of Luck
Jeju Island in South Korea was once a hotbed for casinos. This is currently not the case because of COVID-19. Several small entities have folded and another is about to be added to the list. GGRAsia reports that, according to a letter that was sent by the Jeju KAL Hotel to a labor union, the […]
Industry
January 11, 2022
New Singapore Gambling Duties Bill Increases Casino Tax Rates
Singapore’s Parliament has released a new Gambling Duties Bill meant to streamline the country’s gambling regulations. The amendments to the current Casino Control Act were originally discussed in 2019 as part of the Tourism Board’s agreement with operators Las Vegas Sands and Genting Singapore. The talks targeted the expansion of the operators’ integrated resorts (IR), World Sentosa, […]