04/10/21 Macau economy could grow in 2021, analysts say According to the University of Macau, Macau’s Gross Domestic Product could grow by up to 33.5 per cent in 2021.
04/10/21 Analysts expect MGM to continue looking for IR developments Moody’s expects MGM Resorts International to develop “large, high profile” IR opportunities around the world.
04/10/21 India: Kerala insists on banning online rummy The Kerala High Court has rejected a petition from online gaming companies to stay the ordinance that makes playing online rummy for stakes a punishable offence.
04/10/21 Australia: record spend on poker machines in Northern Territory A record amount was spent on poker machines when they reopened after lockdown.
04/10/21 Melco Resorts awards CEO US$10m worth of shares Melco CEO Lawrence Ho Yau Lung has been awarded 484,956 shares worth US$10m.
04/10/21 Genting Singapore EBITDA to remain below 2019 levels for two years Moody’s Investors Service estimates that Genting Singapore’s EBITDA will not reach 2019 levels this year or next.
04/09/21 China continues fight against cross-border gambling activity According to the Ministry of Public Security, police have arrested 110,000 people suspected of involvement in cross-border gambling.
04/09/21 Okura Holdings buys property in Nagasaki for expansion Okura Holdings has purchased a property in Nagasaki city for US$4m.
04/09/21 Police in Macau and China bust ring that scammed gamblers Macau’s Judiciary Police joined forces with mainland Chinese security units to dismantle a ring specialising in the use of bank-teller training notes to cheat gamblers in the city.
04/09/21 Macau receives 99,568 tourists during first week of April The average daily volume of tourists arriving during the Easter and Qingming Festival holidays was 53.8 per cent higher than during the 2020 October Golden Week holiday.
04/09/21 Paradise expects US$13.3m loss for Q1 The casino operator Paradise Co expects sales of KRW98.7bn, down 46.6 per cent year-on-year.
04/09/21 Melco gives share options to directors Melco International Development has announced that directors and “certain employees” have been granted a purchase option on shares.
04/08/21 Jeju casino receives transfer permission from governor Before Jeju Dream Tower casino can open there will be a period of inspection that could take at least a month.
04/08/21 James Packer is open to selling 37 per cent stake in Crown James Packer has hired investment bankers Moelis Australia to advise on any potential deal to sell his 37 per cent stake in Crown Resorts.
04/08/21 Genting Malaysia should reach pre-pandemic level EBITDA by 2022 Genting Malaysia’s Resorts World Genting has recovered to 66 per cent of 2019 Q3 revenue.
