01/17/22 Macau casino operators in favour of gaming law amendment bill All six Macau casino operators have shown support for amendments to the gaming regulatory framework announced by the government last Friday.
01/14/22 South Korea strengthens Covid-19 countermeasures in casinos Due to the rapid spread of the Covid-19 Omicron variant and to avoid an outbreak of new cases, authorities in South Korea have decided to reintroduce countermeasures in entertainment venues.
01/14/22 Andy Lin Chuen Chow steps down as Rich Goldman chairman Rich Goldman Holdings Ltd. has announced Andy Lin Chuen Chow will resign as chairman of the company and is going to be replaced by Lin Yee Man.
01/14/22 Macau casino licences limited to six with a duration of 10 years Macau’s new gaming law will allow up to six gaming concessions with a length of 10 years with the possibility of a 3-year extension.
01/13/22 Macau: US-controlled casinos will not be treated differently, Fitch says Analysts at Fitch Ratings Inc. stated US casinos in Macau are key to the local gaming industry and won’t be treated any differently from local casino operators.
01/13/22 From Friday people must show a negative Covid-19 test for entering Macau Authorities in Macau have said that people from mainland China who want to enter the city must show a negative Covid-19 test issued 48 hours before.
01/13/22 Genting HK shares fall on concerns over default risk Genting Hong Kong shares plunged 56 per cent after the company’s shipyard located in Germany filed for bankruptcy.
01/13/22 Macau authorities detected 1,330 suspicious transactions in 2021 54.6 per cent of the total suspicious transactions registered in 2021 were related to the gaming industry.
01/13/22 Macau GGR could reach 44 per cent of pre-pandemic levels, analysts say Sanford C. Bernstein Ltd. forecasts Macau’s GGR is likely to recover 47 per cent year-over-year in 2022.
01/13/22 Singapore’s legislators agree to increase the rate of gambling taxes Singapore’s parliament agreed to increase the tax rate to 18 per cent on the first SGD3.1bn (US$2.3bn) in GGR collected by casino operators.
01/12/22 AAEC requests written testimony from former LVS president AAEC and LVS agree to request written testimony from former LVS president and CEO William Weidner to check the authenticity of his signature on a memorandum of understanding (MOU) between both companies.
01/12/22 Jeju’s KAL Hotel property that hosts MegaLuck Casino to be sold Jeju’s KAL Hotel property will be sold, according to the hotel’s management, “to overcome its financial difficulties”.
01/12/22 Macau casinos licence renewal attached to Hengqin plans, analysts say Analysts at JP Morgan Securities said the casino licences renewal after June 2022 could involve committing certain budgets for non-gaming projects in the city.
01/12/22 Galaxy relaunches voluntary resignation scheme Galaxy Entertainment Group has announced it will relaunch its voluntary resignation plan for certain employees.
01/11/22 Macau GGR will reach US$12.5bn this year, according to Wynn Macau Linda Chen, Wynn Macau Executive Director, said she believes Macau’s GGR for 2022 will be MOP100bn (US$12.5bn).
