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Business

Check the latest Business news

08/13/21

Australian gambling companies now support credit card ban

Australian‑licensed wagering providers who previously criticised a proposal to ban credit card gambling now support the measure.

08/13/21

Macau: 60% of August flights cancelled

Macau International Airport Co Ltd has reported that almost 60 per cent of China-Macau flights have been cancelled amid a community outbreak of Covid-19.

08/12/21

Macau: Foreign workers decreased 11% since the start of the pandemic

Macau’s Labour Affairs Bureau has reported that the number of foreign workers in Macau has decreased by 11 per cent since the outbreak of the Covid-19 pandemic.

08/12/21

Grand Korea Leisure posts a net loss of US$15.5m for Q2

Grand Korea Leisure (GKL) has reported a net loss of KRW18.06bn (US$15.5m) for the second quarter of the year, while sales were up 41.8 per cent year-on-year KRW32.98bn.

08/12/21

Crown Resorts to go into default if it loses licence

In closing submissions to Victorian Royal Commission, Crown Resorts warned that if it loses its licence in the state, there is a “very real potential” of default on its debt facilities.

08/11/21

Macau’s VIP rooms untenable under China’s new penal code

The Legislative Assembly has indicated that VIP rooms will “hardly be able to continue with their modus operandi” under China’s revised penal code.

08/10/21

Gaming companies against new licence fee in N. Mariana islands

Mariana Entertainment and MP Holdings have filed a complaint against the CNMI government over an increase to the e-gaming licence fee signed off last week.

08/10/21

Macau unlikely to ease travel restrictions until next year – analysts

Sanford Bernstein predicts Macau won’t ease travel restrictions until next year, but an improvement in Gross Gaming Revenue (GGR) is expected for the fourth quarter of 2021.

08/09/21

Genting Malaysia share prices up after easing of Covid-19 restrictions

Genting Malaysia’s share price rose 4.06 per cent after Malaysia’s Prime Minister announced an easing of Covid-19 restrictions for fully vaccinated people.

08/09/21

Tabcorp could launch a lottery for vaccinated people

Australia’s Prime Minister has approached Tabcorp to seek advice on a lottery to encourage people to get vaccinated.

08/06/21

Macau summer expectations hit by recent Covid-19 outbreak

Expectations for the summer holiday period in July and August have been diminished due to the outbreak.

08/05/21

Malaysia: gaming earnings could pick up by year-end

Analysts predict Malaysian gaming earnings will start to recover by the end of the current year.

08/05/21

Grand Korea Leisure posts sales of US$6.62m in July

Grand Korea Leisure (GKL) has reported KRW7.57bn (US$6.62m) in casino sales for July, down 48.5 per cent when compared to the previous month.

08/03/21

Crown Melbourne’s chief executive resigns

After heavy criticism during Victoria’s Royal Commission into Crown Resorts, Xavier Walsh has stepped down as CEO of Crown Melbourne.

08/02/21

SJM expects Grand Lisboa Palace to break even in 12 months

Daisy Ho Chiu Fung, SJM Holdings’ chairman, has said the company expects Grand Lisboa Palace could reach break-even in a year’s time

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Highlighted Interview

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

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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.