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Focus Gaming News Asia Pacific | Business

Business

Check the latest Business news

11/11/21

AGTech revenue up 36.6% between January and September 2021

AGTech Holdings has reported a 36.6 per cent growth in revenue between January and September 2021 amid a rebound in the Chinese lottery market.

11/11/21

Moody’s downgrades Melco outlook

Analysts at Moody’s Investors Service have assigned Melco Resorts a lower rating due to a slow recovery in earnings.

11/10/21

Kangwon Land to recover by 2023, analysts say

Analysts at JP Morgan predict South Korea’s foreigner-only casino could return to pre-pandemic revenues by 2023.

11/10/21

Wynn Resorts CEO praises Macau’s gaming law consultation sessions

Matt Maddox, Wynn Resorts CEO, has described the public consultation sessions on gaming law amendments as “transparent and productive.”

11/09/21

Jeju Dream Tower sees bookings rocket in year-end sale

Lotte Tour Development Co Ltd revealed it has sold more than 8,000 room nights as part of its year-end sale at Jeju Dream Tower.

11/09/21

Foreign visitors must prove sufficient funds to stay in Macau

Authorities in Macau will require foreign visitors to prove they have enough funds for their stay in the city.

11/09/21

Macau casino stocks rise after announcement of Covid-19 pill

Macau casino stocks jumped 7.2 per cent after Pfizer announced it has produced a pill that can cut reduce the worst risk of Covid-19 by 89 per cent.

11/08/21

Crown seeks to recover part of US$94m shareholder settlement agreement

Crown Resorts has revealed it expects to recover a significant portion of the AU$125m (US$94.3m) settlement amount from its insurers.

11/08/21

Macau GGR up 12% in first week of November

Macau’s GGR for the first week of November was up 12 per cent when compared to the previous week, with average daily revenue of MOP235m (US$29.3m).

11/05/21

Grand Lisboa Palace could reach break-even in Q2 2022, analysts say

Analysts at JP Morgan Securities predict that SJM’s Grand Lisboa Palace could reach break-even in the second quarter of next year if Macau reopens its borders.

11/05/21

CCC: the number of employees continues to decline and only 11 remain

Due to Leonard Leon’s resignation as the manager of the commission’s compliance division, the CCC now only has only 11 employees.

11/05/21

Orix unveils partnership agreement with MGM for Osaka IR development

Hitomaro Yano, executive officer at Orix, has revealed that Orix and MGM will each hold 40 per cent equity in the proposed IR.

11/05/21

Macau will aim to open borders when 80% vaccination rate reached

Ho Iat Seng, Macau’s chief executive has said that once the city achieves an 80 per cent vaccination rate, it will be easier to negotiate a travel bubble with other regions.

11/04/21

Grand Lisboa Palace posts US$8.9 in gaming revenue in Q3

SJM Holdings has reported that gaming revenue from Grand Lisboa Palace in Q3 was HKD69m.

11/04/21

MGM CEO optimistic about Macau casino licence renewal

Bill Hornbuckle, MGM president and CEO, has said he is “highly confident” that MGM China’s gaming concession will be renewed.

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.