East Asia

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 Korea Leisure casino sales down 1.5% in October

Grand Korea Leisure (GKL) has reported a 1.5 per cent decline in casino sales month-on-month, from KRW9.42bn to KRW9.27bn.

11/04/21

Macau predicts GGR of US$16.2bn for 2022

Authorities in Macau have revealed that they expect GGR to reach MOP130bn for 2022, a figure similar to what is expected for this year.

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

Paradise Co revenue up 125.1% in October

Paradise Co has reported that grew 125.1 per cent month-on-month, from KRW9.55bn (US$8.04m) to KRW21.35bn (US$18.1m) in October.

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.

11/04/21

MGM China net revenue down 7% in Q3

MGM China has revealed its financial results for the third quarter of the year, reporting a decrease in net revenues from US$311m to US$289m.

11/03/21

Second Jeju Dream Tower hotel to open on November 29

Lotte Tour Development Co Ltd will open a second hotel tower on Jeju Island from November 29.

11/03/21

Morgan Stanley says Macau’s regulatory risk is lower than expected

Analysts at Morgan Stanley has said that increased supervision over Macau casinos may be lower than stock market investors are currently pricing in.

11/03/21

MGM-Orix could benefit from Japan election results

Analysts stated the result of Japan’s general elections is positive for the country’s plan to encourage IR developments, especially for the MGM-Orix consortium in Osaka.

11/03/21

Macau: November GGR may reach just 30% of 2019 levels

Analysts have predicted that Macau’s GGR for November could be down by 70 per cent when compared to pre-pandemic levels, mainly due to travel restrictions and new cases of Covid-19 in mainland China.

11/03/21

Kangwon Land eases capacity restrictions

Kangwon Land has been authorised to increase its capacity from 1,800 to 2,300 customers.

11/02/21

Japan to ease border restrictions for business travellers

Authorities in Japan have announced the country will ease its borders only for business travellers from next week, reducing the quarantine requirement to three days.

11/02/21

359 attended Macau’s gaming law consultation sessions

Between September 15 and October 29, 359 people attended the public consultation sessions on gaming laws.

11/02/21

APE revenue down 85.8% in last nine months

Asia Pioneer Entertainment Holdings (APE) has shared its financial results for the nine months to September 2021, reporting an 85.8 per cent drop in revenue.

Check the latest East Asia news

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

Grand Korea Leisure casino sales down 1.5% in October

Macau predicts GGR of US$16.2bn for 2022

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

Paradise Co revenue up 125.1% in October

MGM CEO optimistic about Macau casino licence renewal

MGM China net revenue down 7% in Q3

Second Jeju Dream Tower hotel to open on November 29

Morgan Stanley says Macau’s regulatory risk is lower than expected

MGM-Orix could benefit from Japan election results

Macau: November GGR may reach just 30% of 2019 levels

Kangwon Land eases capacity restrictions

Japan to ease border restrictions for business travellers

359 attended Macau’s gaming law consultation sessions

APE revenue down 85.8% in last nine months

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